Ohio

Growth Opps

GREEN BANK FEATURES

Bank Model

Private/Non-profit

Bank Scope

Statewide

Year Est.

2022

Political Landscape

Republican Trifecta

Initial Funding

Private Grant

New Instit.

Yes

Implement. Process?

Growth Opps was a Ohio based CDFI and launched the first African American led Green Bank in the United States with initial seed capital of $3.55 million and primary support from The George Gund Foundation

Reporting

Recent Impact

Support small-scale commercial, community and industrial solar project development in Ohio. They also offer community development capital, services and solutions to growing small businesses, primarily located in underserved, low and moderate income (LMI) communities.

FOCUS

APPROACH

Partners with state and local governments, commercial financial lenders, foundations and nonprofits

Growth Opps is committed to supporting clean, sustainable projects in an effort to improve the quality of life for all persons with a particular sensitivity to under-represented persons, groups, and communities. They offer community development capital, services and solutions to growing small businesses, primarily located in underserved, low and moderate income (LMI) communities in Ohio.

GOALS

GO GREEN ENERGY FUND: to support small-scale commercial and industrial solar project development in Ohio. Go Advisory: Business owners, Community, Corporate, and Municipal leaders, Minority and Women-owned businesses, self-determined individuals, High performing corporations pre-flight analysis of the business, processes, leadership team, and industry forecasts to help clients remove the barriers to growth and achieve their goals. GO CAPITAL: works with small businesses to create meaningful wage jobs and make an economic impact, in lower-income and economically disadvantaged rural neighborhoods to increase positive economic activity, advanced manufacturing, clean energy, distribution, healthcare, technology and software, professional services, and logistics. Provides flexible financing options to address a number of business needs which may include acquisition, renovation/buildout, bridge/mezz debt, and working capital.

PRODUCTS AND PORTFOLIO

WEBSITE: Click Here HQ ADDRESS: 6001 Euclid Avenue, Suite 120 Cleveland, Ohio 44103 EMAIL: info@growthopps.org PHONE: (216) 462-0600 FACEBOOK: Yes LINKEDIN: Yes TWITTER: Yes INSTAGRAM: TIKTOK: No NEWSLETTER: Yes BLOG: No YOUTUBE: No

CONTACT INFORMATION