Partners

RICHRVA’s Path Forward 

RICHRVA will include those committed to fulfilling the mission of narrowing racial wealth gaps for small businesses owned by people of color in our region. Our goal is to have a regional coalition compromised of business support providers, business owners, policymakers, anchor institutions, and funders.  

Big thank you to our financial partners:

July 2021 brought forth the exciting completion of a report many months in the making. This report, completed in conjunction with many Metropolitan Richmond, Virginia government, and community partners, and in sponsorship by JPMorgan Chase, displayed a disparity of almost $5 Billion in capital for small businesses owned by people of color.

RICHRVA Partners

Small Business in RVA

A critical driver of the Greater Richmond regional economy

0 K

Small Business
(<50 employees)

0 K

Employees of
Small Businesses

0 K

Sole
Proprietors

0 %

Local
Workforce

… yet, disparities in ownership and revenue persist

Note: Totals sum to over 100% due to separate segmentations by race (i.e. White, Black and Asian populations) and ethnicity (i.e. Latino(a) populations), as reported by the U.S. Census.

Population

Firms

Revenue

White

61%

87%

95%

Black

29%

Latino(a)

Asian

RICHRVA at a Glance

Develop a sustainable and self-sufficient Ecosystem Builder Coalition

and a regional Ecosystem Builder Network.

Our Strategies Include:

Leverage existing ecosystem infrastructure and programming to learn more about burgeoning initiatives that are aligned with the ecosystem strategic pillars.

Host quarterly meetings that will focus on uplifting synergies across the region, highlighting programmatic gaps in business support services and developing strategies to address those gaps.

Connect with existing Richmond funding forums to develop a shared vision for ecosystem support.