In 2015, the W.K. Kellogg Foundation (WKKF) created the Entrepreneurs of Color Fund with the Detroit Development Fund and JPMorgan Chase to dramatically change the wealth trajectory of people of color in Detroit and its neighborhoods. Since its launch, the fund has deployed more than $6 million to 58 small businesses in Detroit and has helped create or retain 642 jobs in Detroit.
Building on the success of the Entrepreneurs of Color Fund model, WKKF partnered with Battle Creek Unlimited, The Miller Foundation, Kellogg Company and Consumers Energy Foundation to launch the Battle Creek Small Business Loan Fund in its hometown in June 2018. The fund is rapidly growing. As of April 2019, the loan fund reached $6.6 million with a goal of $10 million.
Learn more about the Battle Creek Small Business Loan Fund in WKKF’s 2018 Annual Report.