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Open Air Economy Collaborative is sponsored by City of Los Angeles Community Investment For Families Department (partners with various organizations). This collaborative provides holistic business support, including micro-loans, business coaching, legal assistance, and financial education to Black and Latina women micro-entrepreneurs working to formalize and sustain their small businesses in Los Angeles, such as family childca…
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Open Air Economy Collaborative - Inclusive Action for the City Open Air Economy Collaborative In 2021, Inclusive Action, Public Counsel, California Reinvestment Coalition, and East LA Community Corporation, established a partnership to support entrepreneurs in the “open air economy. ” For decades, street vendors and other types of entrepreneurs who operate businesses in the “open air” have operated on the fringes of our formal economy.
Permit processes are complicated or non-existent, and these “non-traditional” entrepreneurs have a difficult time accessing capital, coaching, and legal support to grow their businesses. Catalyzed by a major, three year grant from JP Morgan Chase’s Advancing Cities initiative, this collaborative seeks to support Black and Latina entrepreneurs with programmatic support and capital to formalize their businesses.
Inclusive Action and its partners are administering a variety of initiatives to support entrepreneurs in the “open air economy” including: low-interest micro-loans,business coaching and technical assistance, and legal support for permits and fine adjudication.
According to the current listing, eligibility includes: Black and Latina women micro-entrepreneurs working to formalize and sustain their small businesses in Los Angeles, including family child care providers. Confirm the full requirements in the official notice before applying.
Open Air Economy Collaborative is funded by City of Los Angeles Community Investment For Families Department (partners with various organizations). Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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