Building an Ecosystem that Mirrors the Community
Entrepreneurship is the key to economic growth for global and local economies. Yet, too many people still face significant, systemic barriers to entrepreneurial opportunity. In a time of changing demographics in the United States, it is important to include diverse communities in all economic development strategies. The local entrepreneurship ecosystem should mirror the diversity in the community that fosters it. Inclusion of communities of color in the entrepreneurship ecosystem is especially important because of the power entrepreneurship has to create jobs and close the racial wealth gap.
InnoPower works directly with entrepreneurs of color at each stage of growth to ensure that a diverse range of innovators are able to start and grow entrepreneurial ventures with equitable access and opportunity in the local ecosystem.
AREAS OF FOCUS
Entrepreneurship: teaching essential skills and frameworks for starting and scaling a business
Finance: developing avenues that lead to better access to capital for minority businesses
Innovation: increasing access to and knowledge of new and creative methods for problem-solving
Social Impact: embracing new practices to meet community needs better than existing solutions
The Recorder Media Group is Indiana’s leading media organization of its kind. The Indianapolis Recorder newspaper is in tune with the pulse of the Black community and since 1895 has been a major voice for our local community, the state of Indiana, our nation, and now internationally. Indiana Minority Business Magazine is the state’s leading publication that focuses on business, lifestyle, and diversity.
Goldman Sachs 10,000 Small Businesses is an investment to help entrepreneurs create jobs and economic opportunity by providing access to education, capital and business support services. InnoPower is partnering with Recorder Media Group and Goldman Sachs 10,000 Small Businesses to build out a more equitable small business ecosystem in Indianapolis.
Forward Cities is a national nonprofit equipping communities and regions to grow and sustain more equitable entrepreneurial ecosystems. Underlying their work is the power that entrepreneurship has to transform lives, build individual and community wealth, and catalyze positive change.
SecondMuse collaborates with visionary organizations to build 21st-century economies through programs that span geographies, sectors and size of business. SecondMuse tackles essential challenges in manufacturing, energy, capital, education, mental health, data, civic engagement, food, blockchain, disaster risk and more around the world.