In a promising stride towards empowering local Black-owned businesses, Cambridge Savings Bank has announced its contribution of a $100,000 grant to the Sustainable Business Network’s Cambridge Equity Fund. This commendable initiative aims to bolster and uplift Black entrepreneurs within the community, fostering economic growth and inclusivity.
In honor of National Black Business Month, funds will offer financial aid to help local Black-owned small businesses invest in long-term growth. The grant signifies Cambridge Savings Bank’s commitment to driving positive change and supporting equitable opportunities for underrepresented businesses. The Cambridge Equity Fund, a project by the Sustainable Business Network, plays a pivotal role in bridging financial gaps and providing resources to Black-owned businesses, which have historically faced systemic challenges.
By channeling funds into this initiative, Cambridge Savings Bank not only aids individual businesses but also contributes to building a more vibrant and diverse local economy. This collaboration underlines the significance of private sector involvement in addressing societal disparities and fostering a business environment that thrives on inclusiveness and empowerment.For more information, please visit cambridgesavings.com/community.
