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
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