(DALLAS) – The Advisory Board of the United Way of Metropolitan Dallas Women of Tocqueville Fund announced that the LiftFund Women’s Business Center, dedicated to supporting diverse women entrepreneurs, will receive its first investment from the Women of Tocqueville Fund for Women and Children. Comerica Bank will match United Way’s $ 50,000 disbursement, bringing the total investment to $ 100,000. These funds will be used to provide microcredits to women entrepreneurs in the southern sector of the city, so that they can successfully develop their small businesses.
“The vision of the Women of Tocqueville Fund is to create an equitable economic environment in which all women and children can achieve financial stability,” said Robbi Luxbacher, President of the Women of Tocqueville Advisory Fund. “We are proud to partner with LiftFund to provide hard-working business owners with the support they need to be successful. ”
“LiftFund was founded to provide financial opportunities to various entrepreneurs who cannot obtain credit or loans through traditional means because we believe everyone deserves the opportunity to build a successful business without facing high interest rates. ‘neither high interest turn to predatory lenders, ”said Tarsha Hearns, LiftFund Dallas / Ft. Director of the Worth Women’s Business Center. “Every dollar we lend generates a positive economic return of $ 14. We are proud to partner with the Women of Tocqueville Fund for Women and Children and Comerica Bank to empower women entrepreneurs in our community.
“Small businesses are vital to our communities and women are vital to our families,” said Cassandra McKinney, executive vice president of retail banking at Comerica and a member of the founding circle of the Women of Tocqueville fund. “This investment underscores Comerica’s commitment to serving small businesses by ensuring they have the resources they need to thrive, especially as we continue to manage the effects of the pandemic.”
Established in 2017, the Women of Tocqueville Fund for Women and Children was established to provide targeted financial and skills-based investments in education, income and health – the building blocks of opportunity – for women and children in North Texas. To date, the fund has raised $ 13 million for these efforts.
“We created the Tocqueville Women’s Fund to ensure that our goal of improving the lives of women and children will continue in perpetuity. Said Kristy Faus, who co-founded the fund with Carol March and is also a member of the fund’s advisory board. ‘Microphonethe loans, along with additional opportunities for educational and financial support, are just the first step towards our mission of providing targeted, skill-based financial investments in education, income and health for women and the children of North Texas.
The advisory members of the Women of Tocqueville Fund are: Kristy Faus, Carol March, Robbi Luxbacher, President, Cassandra McKinney, Neena Newberry, Nancy LaVerde, Deb SoRelle, Jerome Rose, Pamela Osborne, Lynn Fisher, Tyler Riddell, Linda Yohe and Millie Bradley . To support this effort, please visit UnitedWayDallas.org.
About United Way of Metropolitan Dallas
United Way of Metropolitan Dallas is a community-based, non-profit organization that believes in the power of unity to create lasting change. For more than 90 years, we’ve brought people and resources together to strengthen health, education and income – the building blocks of opportunity. Together, we are working to achieve long term results that help our community thrive. We encourage every North Texan to be part of the change. To learn more about United Way of Metropolitan Dallas and how to give and get involved, visit UnitedWayDallas.org.
Comerica Inc. published this content on September 17, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on September 17, 2021 09:11:04 PM UTC.