- June 15, 2021
- Posted by: Stratford Team
- Category: Business
Entrepreneurs at Founders First. Photo from the organization’s Facebook page
San Diego business accelerator Founders First CDC has created a new funding program to boost support for underrepresented entrepreneurs.
The accelerator said it will divide a $30,000 grant to support 10 business under its new Job Creators Quest Grant program. A spokesperson for Founders First said the money should “will reward diverse-led businesses … that have been able to retain and grow their workforce despite the pandemic.”
The money comes from a recent $1 million grant from the Rockefeller Foundation and $9 million Series A round of fund raising by the agency. Union Bank and Pacific Western Bank provided some of the funds needed.
Diverse founders can include Black, indigenous, people of color, LGBTQIA+, military veterans, female entrepreneurs and those businesses located in a low- to moderate-income area. Applications for the new grants close June…
