The third stage of the NAIC Growth Equity Funds Initiative is to identify you. As stated in its 2017 National Minority Supplier Development Council (NMSDC) annual report, ethnically diverse-owned and NMSDC certified businesses produced more than $400 billion in annual revenue and actively employed, either directly or indirectly, more than 2.5 million people.
Yet, based on commonly available research, despite being a fast-growing and critical segment of the US economy, ethnically diverse and women entrepreneurs have long struggled with attracting growth capital, including those that are in attractive market segments. Through this initiative, growth capital will be made available to these businesses to scale while providing you with attractive risk-adjusted rates of return.
If you are interested in receiving more information or staying up-to-date on this initiative, please email Carra Wallace at cwallace@naic.growthequityinitiatives.com.