Founders First CDC Announces Micro Investments for Mom-Preneurs

Grants will go to 50 mothers running employer-based small businesses.

Kitty Fund Grant Celebrating Mom-preneurs

Founders First CDC (Founders First), a 501(c)3 non-profit that empowers expansion and job creation in diverse founder-led, revenue-generating businesses, announced its 2022 Kitty Fund.

The Kitty Fund makes micro investments in mothers who are running employer-based small businesses. The award, which will be granted prior to Mother's Day, was inspired by Founders First CEO Kim Folsom's mother, Catherine "Kitty" Abrams Tadlock Webster, who passed away in March of 2020.

Grant recipients are free to use the funds in whatever way they need to help their business — such as seeking professional assistance with preparing documents to qualify for growth capital or emergency funding. Applications open on March 15, 2022, and close on April 11, 2022. Fifty grant recipients to be announced at a virtual press event on May 4, 2022, will each receive a $500 award. Businesses must be more than 50% woman-owned and led by a mother. Companies under $5 million in annual revenue with two or more employees qualify.

"I launched the Kitty Fund to pay forward the same support I received from my mom who passed away two years ago. The Kitty Fund celebrates business-owner moms for the strength and greatness they display every day in raising their families and leading their employer-based companies in these challenging times," says Folsom. "Mothers have been disproportionately impacted by the pandemic. Founders First CDC established the Kitty Fund to do something positive to add a flicker of light in their entrepreneurial journey." 

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About Founders First CDC
Founders First CDC is a not-for-profit 501c3 that was founded in 2015 and has received significant support from the regional community reinvestment banks to empower diverse founder-led, revenue-generating small businesses through three primary programs: (1) Founders Challenge; (2) Founders Bootcamp; and, (3) Founders FastPath. By building recurring revenues, tech-enablement, and essential solution focus, Founders First serves as a catalyst for positive change to entrepreneurs of color and female founders to become leading employers in their communities.

Source: Founders First CDC


Categories: Small Business

Tags: entrepreneur, mothers, small business