The Otto Bremer Trust is collaborating with Meda to create the Otto Bremer Small Business Fund, which will provide $1 million in patient capital to minority entrepreneurs.
This form of funding is aimed at high-opportunity minority businesses that do not yet generate enough revenue to qualify for more traditional operating loans or credit lines. Recipients of these investments will have a longer timetable to deliver returns to the fund, thereby opening up greater flexibility to support long-term strategic decisions.
Read more on current recipients below. Additional recipients will be announced throughout 2018.