Innovative Financing Models for Coronavirus Recovery

Blueprint Local; U.S. Economic Development Administration

doi:10.17918/00010550

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Innovative Financing Models for Coronavirus Recovery

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Innovative Financing Models for Coronavirus Recovery

Blueprint Local and U.S. Economic Development Administration

15 Nov 2022

DOI:

https://doi.org/10.17918/00010550

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Capital Entrepreneurs Playbook Nov 2022768.27 MBDownload View

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Published, Version of Record (VoR)Open Access (License Unspecified), Open

Abstract

The Innovative Finance Playbook addresses the critical challenges small businesses face in accessing capital, especially in underserved communities. Before the COVID-19 pandemic, entrepreneurship in the U.S. was already in decline, with significant disparities in venture capital distribution, particularly affecting women and people of color. The pandemic exacerbated these issues but also presented an opportunity to rethink and innovate small business financing. This playbook, developed by Blueprint Local and the Nowak Metro Finance Lab, proposes alternative financial models aimed at bridging the gap for the 83% of small businesses that traditionally lack access to capital. It advocates for innovative financial products, such as revenue-based loans, redeemable equity, and supply chain finance, designed to cater to diverse and underserved entrepreneurs. The playbook also emphasizes the need for systemic reform in the fragmented small business support infrastructure, which lacks the cohesion seen in sectors like housing or healthcare. Through collaboration between funders, founders, and policymakers, the playbook aims to create a more inclusive and standardized capital ecosystem that can equitably serve all entrepreneurs.

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Title: Innovative Financing Models for Coronavirus Recovery
Creators: Blueprint Local (Institution)
U.S. Economic Development Administration (Institution)
Publisher: Nowak Metro Finance Lab, Drexel University; Philadelphia, PA
Number of pages: 220
Resource Type: Report
Language: English
Academic Unit: Nowak Metro Finance Lab
Other Identifier: 991021902028104721

Innovative Financing Models for Coronavirus Recovery

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