NewBoCo receives $110,000 in state funding to help minority-owned businesses
16 Apr 2021
The New Bohemian Innovation Collaborative received $110,000 in funding from the Iowa Economic Development Authority Friday to help women-, minority- and low-income-owned businesses.
NewBoCo is partnering with Kiva, a global not-for-profit lender, to create a microlending hub for minority-owned businesses that will offer loans to Iowans without any interest or fees.
“Obviously we’ve been working with entrepreneurs since the beginning with our Iowa Startup Accelerator,” said Aaron Horn, the executive director of NewBoCo.
“Historically we’ve worked with tech start-ups, but we’ve certainly seen the need for access to capital for underrepresented entrepreneurs as well.”