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Meet the VC Fund Helping Startups in Underserved Communities Grow

This story appears in the June 2016 issue of Entrepreneur. Subscribe »

In recent months, community leaders from New York, Baltimore, Detroit and Washington, D.C., have come to , Calif., to ask: How can we launch something like the local--building program ICA Fund Good Jobs? The program helps new companies create jobs in underserved communities, and does so in many ways -- with workshops, an invite-only accelerator, venture funding of $250,000 to $1 million and relationships with community banks and local organizations that pitch in as well. Since launching in 2013, Fund Good Jobs has invested more than $2 million in five startups, unlocked $6 million more in outside capital and created more than 100 local jobs. Here's how one of those businesses grew, using the right tools at the right times.

Cody Pickens
Keba Konte of Red Bay Coffee.


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