Centro Community Partners
Minority-owned small businesses and minority workers have been disproportionately affected by COVID-19, making them the most vulnerable to the financial impacts of this pandemic. As they try to come back, the limited access to technical assistance services and credit is a further compounding factor hurting their small businesses and hindering economic mobility. Using its Centro App as a solution, Centro Community Partners is creating a virtual entrepreneurial ecosystem, connecting entrepreneurs with local business resources, and using its technology to strengthen the small business service capacities within other non-profits. Centro's goal is to empower minority entrepreneurs in underserved communities to be stronger, healthier, and more financially resilient.
Strategy: Job & Skills Training
Industry: Professional and Business Services,
https://www.centro-mobile.org/
Project Details
Worker Target: Small business owners and entrepreneurs
Innovation Fund Cycle: Fall 2020
Status: Finalist,
Organization Type: Nonprofit Organization,
Stage of Development: Implementation,
What We're Asking:
- Does the Centro virtual ecosystems: a) reduce the cost for community development financial institutions (CDFIs) and microenterprise development ecosystems (MDOs) to acquire new customers; b) enabling them to expand their access into in rural communities?
Will the impact data we collect through the Centro App help us understand what are the key factors or indicators that lead to entrepreneurial success for BIPOC and women entrepreneurs?
Does Centro?s scalable solution provide the best replicable model available for underserved entrepreneurs in rural and urban underserved communities?
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