News & Updates
Updates from the Coalition
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.
Building a Shared Financial Platform: MSP’s Key to Unlocking Capital at Scale
This summer, GroundBreak is beginning the work of building a shared, regional financial platform. By doing this, our region will be able to provide a reliable, long-term, and consistent source of financing for wealth builders in the region. We are excited to move this innovative platform forward to create a central hub for directing and scaling investments that can fund aspirations and shrink wealth gaps, for good.
Silicon Valley Bank Collapse Adds Urgency to Minnesota’s GroundBreak Coalition Efforts to Reimagine How Capital Flows to Black Wealth Builders
Sunrise Banks joined the GroundBreak Coalition along with 40 other leaders from the private, public, and philanthropic sectors to make intentional systemic changes based on input from community leaders who shared the exact same pain-points as many of the founders of color who banked with SVB.
Three Things to Know: How Minneapolis-St. Paul Can Unlock Capital for Unprecedented Black Wealth Building
GroundBreak is at an exciting inflection point, and the months ahead will be pivotal for bringing its vision into reality. Three important developments show where we are now and where we are going.
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See GroundBreak Coalition workgroup recommendations, monthly update call recordings, and past meeting summaries.