The Bridge Resource Partnership Fund | Established 2018
The Bridge Resource Partner Fund opened in 2018 with a goal of supporting the development of new resources and increasing the connected networks available to “Main Street” entrepreneurs in Nashville, specifically Black entrepreneurs. “Traditional business banking options are difficult to obtain for communities of color; we hope this fund will help ease that tension just a bit with education and opportunity. The need is overwhelming,” says Amy Fair. The investments from this fund will provide a bridge to opportunity.
It took some time and patience for the vision that the donors had for this fund to become a reality, but in 2020 things fell into place creating an initial partnership with The Grove Community Development Corporation (CDC) and Studio Bank.
- The Bridge Resource Partnership Fund is providing the funding in the form of grants to The Grove CDC;
- The Grove CDC uses established criteria by the partners, an application, and a review process for making an award in the form of a credit enhancement resource (the guarantee) for Black-owned businesses needing a modest financial investment in order to access a business loan;
- Studio Bank refers potential businesses to complete and submit an application for The Grove Guarantee Initiative.
2020-2021 Businesses Supported
In 2022, The Bridge Resource Partnership Fund will be expanding its partnerships and outreach to help identify and support up to 10 Black-owned businesses gain access to capital.
Learn More about The Bridge Resource Fund Founders, Turner and Phylanice Nashe