The Steelcase Foundation has recently announced a significant investment in the New Community Transformation Fund, contributing $500,000 to support the growth and development of minority-owned businesses. This investment aligns with the foundation's mission to create an inclusive environment where everyone can participate, grow, and thrive. With this latest investment, the New Community Transformation Fund has raised a total of $11.85 million since its inception in 2020. Let's delve deeper into this partnership and explore how it is driving positive change in the business community.
Steelcase Foundation's Commitment to Inclusive Growth
Learn about the Steelcase Foundation's investment strategy and their dedication to creating an environment where everyone can thrive.
The Steelcase Foundation has a long-standing commitment to supporting communities and organizations that drive positive change. Over the past decade, they have invested $50 million through more than 400 grants to 177 nonprofit organizations. Their investment in the New Community Transformation Fund aligns with their strategy to create an inclusive environment where everybody can participate, grow, and thrive.
Steelcase Foundation President Daniel Williams emphasizes the importance of collaboration and a belief in a better future. By partnering with organizations like the New Community Transformation Fund, they aim to make a lasting impact and support communities they live and work in.
New Community Transformation Fund: Empowering Minority-Owned Businesses
Discover how the New Community Transformation Fund is empowering minority-owned businesses through strategic investments.
The New Community Transformation Fund focuses on investing in mid-stage businesses owned and operated by people of color, as well as companies transitioning to new owners. They target industries such as financial technology, healthcare, advanced manufacturing, and information technology.
Through their investments, the fund aims to provide capital and resources to support the growth and success of these businesses. By empowering minority-owned businesses, the New Community Transformation Fund is driving economic development and creating opportunities for underrepresented entrepreneurs.
Partnership with Steelcase Foundation: A Powerful Collaboration
Learn about the significance of the partnership between the New Community Transformation Fund and the Steelcase Foundation.
The Steelcase Foundation's investment of $500,000 in the New Community Transformation Fund is a testament to their shared vision of supporting organizations that drive change. The Foundation's commitment to elevating and supporting people aligns perfectly with the mission of the fund.
Birgit Klohs, executive chairperson and co-founder of the New Community Transformation Fund, expresses gratitude for the Foundation's support. The partnership between the two organizations is a powerful collaboration that aims to create a positive impact on the community.
Impactful Investments: Success Stories of the New Community Transformation Fund
Explore the success stories of businesses that have received investments from the New Community Transformation Fund.
The New Community Transformation Fund has already made significant investments in several businesses. One of their notable investments involved Grain Technologies Inc., a fintech company that relocated its headquarters to Grand Rapids.
Other success stories include the investment in a Texas fintech company that moved to Grand Rapids and BAMF Health Inc., a Grand Rapids-based company that launched advanced cancer treatment. These investments have not only supported the growth of these businesses but also contributed to the local economy and job creation.
Looking Towards a Thriving Future
Discover the shared vision of the New Community Transformation Fund and the Steelcase Foundation for a thriving future.
The partnership between the New Community Transformation Fund and the Steelcase Foundation is driven by a shared commitment to creating opportunities and resources for all individuals to thrive. Both organizations believe in the power of collaboration and the potential for positive change.
By investing in minority-owned businesses and supporting underrepresented entrepreneurs, they are working towards building a more inclusive and prosperous future. Through their partnership, they aim to make a lasting impact on the community and drive meaningful change.
Conclusion
The partnership between the New Community Transformation Fund and the Steelcase Foundation is a powerful collaboration that is driving positive change in the business community. With the Foundation's investment of $500,000, the fund has raised a total of $11.85 million since its formation in 2020. Through strategic investments in minority-owned businesses, the New Community Transformation Fund is empowering underrepresented entrepreneurs and contributing to economic development.
Both organizations share a vision of creating an inclusive environment where everyone can participate, grow, and thrive. By working together, they are making a lasting impact on the community and supporting organizations that drive change. This partnership exemplifies the importance of collaboration and the belief that a better future is possible.
