LA Latino VC roundtable with Janis Bowdler of U.S. Department of the Treasury
VamosVentures and Supply Change Capital are hosting a lunch and roundtable with Janis Bowdler, the U.S. Department of the Treasury's first Counselor on Racial Equity, on Tuesday, October 22nd.
Agenda/overview: https://docsend.com/view/854b4p2dcy487uj6
For reference, the U.S. Department of the Treasury runs the State Small Business Credit Initiative (SSBCI).
U.S. Department of the Treasury
State Small Business Credit Initiative (SSBCI):
SSBCI program data shows that at least 43% percent of transactions supported minority-owned businesses. Roughly a third of businesses supported by SSBCI funds through the end of 2023 were women-owned and at least 4% were veteran-owned. Black and Asian-owned businesses accounted for at least 14% and 13% of SSBCI-supported loans and investments, respectively, and Hispanic or Latino-owned businesses accounted for at least 12% of SSBCI-supported loans and investments.
As of July 2024, 54 venture capital funds have received an SSBCI capital commitment, of which 36 are owned/managed by diverse or underserved fund managers or have an investment strategy that includes a focus on supporting companies with underserved founders/leaders. $1B in SSBCI funds have already been deployed to provide venture financing.
Parking
Rideshare is highly encouraged, but in case you are driving, below are some suggested parking locations (see the pdf). Before committing to a garage, we recommend first checking if there are any spots available on 3rd St right next to the Wells Fargo building, just make a right at Grand and 3rd.
Please remember your ID as all visitors will need to get a guest badge from our building security. Tell security you are visiting "Indiedesk" on the 33rd Floor.