News & Updates
Updates from the Coalition
FAQs for Entrepreneurship Origination Partners
The following are frequently asked questions pertaining to the application.
GroundBreak Announces RFPs for Origination Partners for Commercial Real Estate
GroundBreak Coalition is seeking up to five (5) origination partners to make special purpose credit program loans to contribute to building Black wealth through commercial real estate developments, including mixed-use neighborhood developments with housing and other business developments. These origination partners (e.g., community lenders, CDFIs, and other financial intermediaries) are a crucial component of the GroundBreak new financial system. They will facilitate the flow of capital to developers who can build wealth for themselves and create equitable economic opportunities in underinvested communities.
GroundBreak Announces RFPs for Origination Partners for Entrepreneurship
GroundBreak Coalition is seeking up to four (4) origination partners to administer forgivable loans up to $50K each that support entrepreneurs committed to building Black wealth in the Minneapolis-St. Paul region, particularly those in the start-up growth phase. This funding, which come in the form of special purpose credit programs, will help replicate the traditional friends and family funding round with grants designed to unlock additional funding to drive entrepreneurs toward long-term growth, in doing so GroundBreak funds will propel racial wealth equity in our region.
GroundBreak Coalition Mid-Year Update
As we find ourselves just past the mid-year point, the GroundBreak Coalition is inspired by our collective progress and ready to keep the momentum going. Together, we are on our way toward unlocking plentiful capital to expand wealth-building opportunities in our region – and toward keeping that capital flowing.
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Groundbreak Newsletters
Other Coalition Updates
See GroundBreak Coalition workgroup recommendations, monthly update call recordings, and past meeting summaries.