Description: Cleveland Avenue State Treasurer Urban Success Fund (CAST US). A $70M initiative that will bridge the capital and resource gap impacting Black, Latinx, and women entrepreneurs in Chicago’s South and West Side neighborhoods.
80% of the equity capital needs of Black and Latinx entrepreneurs in Chicago go unmet, compared to 46% of White-owned businesses
There is a gap of at least $146M between supply and demand for equity capital among Black and Latinx entrepreneurship in Chicago
There are too few equity capital providers of scale focused on entrepreneurs of color and providing the type of capital required by their businesses