The City of Baltimore is working to expand access to capital for small businesses, with a focus on historically underserved communities, to address longstanding funding challenges and promote sustainable economic growth. FUSE Executive Fellow Lolita Jackmon will develop strategic recommendations to improve financial accessibility, strengthen partnerships with lenders, and design innovative funding models that increase business sustainability. Ultimately, this will help Baltimore close capital access gaps for all entrepreneurs, particularly those from historically underserved communities, fostering a more resilient small business ecosystem.
Starting in October 2025, Jackmon will work with Baltimore city agencies, financial institutions, CDFIs, small business owners, and community groups to develop strategic recommendations that expand access to capital for BIPOC-owned businesses. This will help increase financial opportunity, close funding gaps, and ensure that small businesses can access the capital needed to thrive.
