Home
About Us
Greater Milwaukee Foundation Has Deployed $780,000 in Small Business Loans Since May
Foundation: Greater Milwaukee Foundation
The Greater Milwaukee Foundation has provided small business loans to 17 Milwaukee-based businesses, primarily located in three neighborhoods on the north side.
The foundation's ThriveOn program for small businesses, which was launched in May, aims at distributing $1 million. Priority will go to Milwaukee's Harambee, Halyard Park, and Brewers Hill communities, as well as Black- and Brown-owned ventures.
Kenneth Robertson is the executive vice president and chief operating officer of GMF related that the foundation knows that Black- and Brown-owned companies face systemic barriers in accessing funding. So when the foundation saw the impact the pandemic was having upon small businesses in Milwaukee neighborhoods we knew we had no choice but to change our thinking and move quickly.
GMF's $30m commitment to small businesses over five years is part of its impact investing program. The foundation has made $12 million in the program to date. This includes $10 million for the ThriveOn Kings restoration and renovation project, and a $1million investment in Gateway Capital to support prerevenue startups in Milwaukee.
According to Ellen Gilligan, president and CEO of the foundation, that ThriveOn Small Business Loans were possible because of our generous donors who contributed over $500,000. Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Susan Thompson Buffett Foundation, Gates Foundation
"For too long, a lack of money has forced organizations fighting for women's rights into a defensive posture while the enemies of progress play offense," writes Melinda French Gates in a New York...more
Big Brothers Big Sisters of Central Ohio is using nearly $1 million in grants from Battelle to create after-school and summer programs focused on science, technology, engineering, and math for...more
The city of Vantaa, Finland, is known as one of the most international cities in the country, with between 4,000 and 5,000 new residents each year, most of them immigrants, Eurocities...more
If you're an engineer looking to make your mark in the tech world, Forbes has just the list for you. The magazine interviewed 11 engineering leaders, including James Dyson of vacuum company...more
A team of former top executives at Aegon Asset Management has launched a new firm to invest in the climate finance industry. CurvePoint Capital was founded by James Rich, Brian Wayne, and Alena...more
New York Gov. Kathy Hochul today announced the official opening of the Advanced Grid Innovation Laboratory for Energy (AGILe), "a first-of-its-kind, world-class electric grid and power systems...more
The World Bank is calling for urgent action to help small island developing states (SIDS) deal with the effects of climate change as leaders from the nations meet in Antigua this week. The bank's...more
The Syrian refugee crisis is expected to worsen over the next four years as more than 19 million peoplemore than a fifth of the country's population flee their homes, the New York Times...more
Canada's housing crisis and climate change are two of the country's biggest concerns, and a professor at McGill University has come up with an innovative solution to both. Daniele Malomo's $1.7...more
Fast fashion is here to stay, at least according to a new report from the European Commission, which notes that by 2050, the fashion industry is expected to be responsible for more than one-third of...more
Social Entrepreneurship
Spotlight
Philanthropy as Key Enabler to Work on ‘Wicked Problems’
Australia’s Melbourne City Mission Chief Executive Officer Ric Holland writes how philanthropy can act as an enabler on many levels.
