Inclusive Growth Work Ramps Up
Investments in business and career development create access to opportunity
The Community Foundation has made significant strides in the work to build an economic system that benefits everyone, regardless of race or ethnicity, age, gender, level of education or place of birth.
In July, it launched the New Haven Equitable Entrepreneurial Ecosystem (NHE3), which provides both grants and a resource network to underserved small business owners including women, Black, Brown and immigrant entrepreneurs. Using funding from the State of Connecticut and City of New Haven, NHE3 plans to make 750 grants averaging $6,000 over the next 5 years. More than $1.1 million in career pathways grants from The Foundation and the Community Fund for Women & Girls is supporting job-skills and other services focused on helping improve economic security. This fall, The Foundation will release a labor market analysis of middle skill jobs that require less than a college education in bioscience, healthcare and other growing economic sectors. Collectively, these and other investments aim to transform economic systems to be more inclusive.