Regions Foundation Grants To Support Louisiana Small-Business Ecosystem

credit: Zimbio

"Small businesses are the heart of our communities, and when we invest in their success, we're investing in a stronger economy and quality of life, benefiting people across the region."

So says the executive director of the Regions Foundation, a nonprofit funded by Regions Bank, in announcing a $100,000 grant to help small businesses in New Orleans and Baton Rouge, La., grow.

The New Orleans Times-Picayune reports on the collaboration between Thrive NOLA, the Propeller, and Fund 17 Together, which aims "to address the specific needs of BIPOC (Black, Indigenous, and People of Color) small-business owners who have historically faced more limited access to capital needed for business growth."

Per a press release, these small-business owners will receive "technical assistance and support from local lenders" to help them access capital, among other things.

"We are immensely proud to be a catalyst that helps small businesses access the capital they need to turn their dreams into reality," says Chuck Morse, executive director of Thrive New Orleans.

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