Entrepreneurs of Color Fund
The Original
“ For Detroit’s comeback to be a true success, there must be opportunity for the Detroiters who stayed.”
– Detroit Mayor Mike Duggan
The purpose of the Entrepreneurs of Color Fund (EOCF) is to support the growth and development of Detroit-based businesses owned and operated by people of color.
The EOCF specifically seeks to help small businesses with growth potential and management insight that might lack sufficient collateral or owner equity to qualify for financing from mainstream lenders. Businesses may use the capital to expand, finance equipment, address short-term cash flow needs and provide contractor lines of credit. Loans may range from $10,000 to $300,000.
WHAT
WE
DO
Contractor Lines of Credit
OUR IMPACT
As of March 2026
275
$30M+
48%
Black-owned and BIPOC entrepreneurs located in the City of Detroit
provided in loans to BIPOC entrepreneurs
of loans made to Black woman-owned businesses
3.1K
305,000+
jobs created or retained in the City of Detroit
square feet of vacant commercial space filled by Black-owned and BIPOC companies in the City of Detroit