New Orleans, Louisiana
EOCF New Orleans launches in June 2022 as the program’s ninth market. In New Orleans, entrepreneurs of color are estimated to own 40% of the city’s 38,000 small businesses, but bring in just 2% of revenues. BIPOC business owners face wide disparities in local capital markets as well. A 2020 Tulane study of startups in greater New Orleans found that entrepreneurs of color were half as likely to receive traditional bank loans or angel investments as majority owned firms.
EOCF New Orleans is launching to lower the barrier to capital access to increase EOC revenues and success in The Big Easy.
Starting Block
We are starting strong, thanks in part to a commitment of $500,000 from JPMorgan Chase to support the EOCF ecosystem in New Orleans.
Are you a small business in New Orleans? Read on to learn more about which partner's lending and technical assistance offerings might be best for your needs.
Our Partners
The New Orleans program is a joint effort of partners providing their expertise for small business owners in New Orleans.
Our Entrepreneurs.
As of June 2022, EOCF New Orleans CDFI partners have deployed $1.3MM in lending to a dozen small businesses. Business owners applied funds to a range of uses, from bringing on additional employees to bolstering marketing and outreach efforts.
We are working with small businesses across a wide range of industries:
Construction |
Retail |
Restaurants |
“This collaboration is an inspiring blend of purpose that will deliver on the promise to change the game for BIPOC businesses. The best collaborations create something bigger than the sum of what each person or organization can create on their own.”- Vaughn Fauria, President & CEO of NewCorp, Inc. |