Helping small businesses thrive.
Open4 takes a strategic approach to strengthening the small business community and promoting resiliency and inclusive economic growth. Open4 assesses and addresses the needs of the small business support network based on the evolving circumstances posed by these uncertain economic times.
Open4 invests in, supports, and enhances organizations that bring resources and expertise to entrepreneurs and small businesses that need it most. At the outset, Open4 will help expand the reach and impact of Community Development Financial Institutions (CDFIs) that are trusted partners in the neighborhoods they serve. With the right investments and support, these CDFIs will expand their reach and impact. Open4 provides these CDFI partners with:
● Direct funding so they can offer additional business and financial support programs and services
● Technical assistance and support to build their internal capacity and ability to assist more small businesses
● Marketing and promotion to build awareness of the CDFIs’ offerings within the business communities they serve – this helps increase small businesses’ access to funding and resources
Currently, Open4 is looking to help small businesses in the following ways: