Russell Innovation Center for Entrepreneurs (RICE) Secures $2 Million Investment from Truist to Continue Accelerating Black Entrepreneurship in Atlanta
ATLANTA, Feb. 29, 2024 /PRNewswire/ -- The Russell Innovation Center for Entrepreneurs (RICE) is thrilled to announce a $2 million grant awarded by Truist Foundation and two Truist Trusteed Foundations to advance RICE's expansion efforts and elevate Atlanta-based Black entrepreneurs both within the RICE community and beyond.
- ATLANTA, Feb. 29, 2024 /PRNewswire/ -- The Russell Innovation Center for Entrepreneurs (RICE) is thrilled to announce a $2 million grant awarded by Truist Foundation and two Truist Trusteed Foundations to advance RICE's expansion efforts and elevate Atlanta-based Black entrepreneurs both within the RICE community and beyond.
- The generous support from Truist will continue to increase mentorship, deliver essential business resources, and expand access to valuable opportunities for capital and financial education.
- Research conducted by the U.S. Chamber of Commerce highlights that nearly 71% of Black entrepreneurs depend on personal and family savings for financing.
- The disparity in access to capital is further exacerbated by the lower levels of family wealth among Black families.