Chicago, IL — Exelon (Nasdaq: EXC) announced that as of June 2024, the company has invested nearly $10 million in nine locally-owned businesses across Exelon’s service areas as part of the company’s Community Impact Capital Fund (CICF) initiative, with additional investments expected throughout the remainder of the year. Exelon launched the $36 million fund in partnership with the Exelon Foundation in 2022, to help businesses in under-resourced Exelon communities grow and prosper by expanding access to capital.
“By investing in community-based businesses, we’re fortifying the economic future of the regions Exelon serves,” said Exelon’s Executive Vice President of Public Policy and Chief External Affairs Officer Colette Honorable. “We’re excited about the nine innovative companies that have received funding so far and look forward to partnering with more businesses that are poised to create a positive ripple effect with the right resources, including creating more jobs and reinvesting in their neighborhoods.”
The nine businesses receiving funding so far this year are:
Exelon’s CICF applications are reviewed as they are received on a rolling basis through a process managed by RockCreek, one of the world’s largest diverse-owned and managed investment firms. Businesses that meet the following specifications are encouraged to apply:
Interested businesses are encouraged to apply online and/or contact RockCreek at cicf@therockcreekgroup.com for more information.
For more information on Exelon’s CICF, please visit: Community Impact Capital Fund. To learn more about Exelon’s efforts to support the diverse communities we serve, visit: Diversity, Equity and Inclusion.
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