Atlanta has achieved a significant milestone in supporting minority-owned businesses. In 2024, Invest Atlanta reported that 62% of its total capital investments were directed toward disinvested neighborhoods, reflecting a strong commitment to economic equity.
Invest Atlanta’s Open for Business Fund is reshaping the future of minority-owned businesses in metro Atlanta. — Invest Atlanta Impact & Insights Report
The Atlanta Open for Business Fund, backed by a $20 million donation from Wells Fargo in partnership with the United Way of Greater Atlanta, has been instrumental in this achievement. The fund supports small business owners by investing in assets such as commercial space, equipment, and technology.
Additionally, the Atlanta Recovery Loan Program offers up to $100,000 in low-interest loans to help small businesses acquire tangible assets like real estate. These initiatives have collectively created or retained over 1,455 jobs, demonstrating the tangible impact of targeted investments in minority-owned businesses.
Just The Facts:
- 62% of Invest Atlanta’s capital investments directed toward disinvested neighborhoods in 2024.
- $20 million allocated to the Atlanta Open for Business Fund.
- Up to $100,000 in low-interest loans available through the Atlanta Recovery Loan Program.
- Over 1,455 jobs created or retained through these initiatives.
Discover how Atlanta is fostering economic inclusion for minority entrepreneurs.
Follow the campaign at #ProgressInAction.