The Action Lab is an open space for experimentation and innovation for solutions that address the interplay of the wealth, credit and trust gaps that prevent Black-owned businesses from reaching their potential. AEO has awarded funding to five collaborative projects in five cities that work directly with Black businesses to address the 3 gaps. The collaboratives were selected through a competitive process resulting from a request for applications (RFA).

The Action Lab supports innovative “ecosystem approaches.” The Tapestry Project Award Package includes:
 

• Funding for innovative ecosystem pilot demonstrations
• Capital products and trusted guidance resources that could be made available to Black business owners
• Other offers and innovations from project partners and sponsors developed over the length of the project