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