Dear ICA Community,

As an ICA Fund supporter, you know that small businesses are what make our communities vibrant, connected places. And they drive real economic power by employing half of all Americans and driving half our GDP. Small businesses tend to be more resilient and resourceful than large firms, qualities that make them indispensable in an evolving geopolitical context.

Yet, for too long, investors have overlooked these markets — especially from historically underserved demographics and geographies — missing out on critical social and financial returns. 

That is what ICA Fund is here to change. Our impact investing model creates pathways for businesses to grow and in turn, these businesses create communities with local jobs and shared wealth. It’s a win-win for investors, small businesses, and our broader communities.

And your support can advance this important work now. Small business owners are feeling the crunch of rising prices, proposed tariffs, and shifts in the capital access landscape. ICA Fund creates the net. We provide small business founders with a vital support system that includes and extends far beyond capital. Our hands-on approach to coaching, advising, community building, and flexible capital offerings are the difference maker for these businesses. 

‍I’m thrilled to present ICA Fund’s 2024 Impact Report. Last year —  and today and tomorrow — we are building a vital, inclusive economy. Together, we are proving that backing overlooked entrepreneurs delivers both social and financial return.

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You can join me on Thursday July 10 at 10am for our annual Impact Stories event, an online webinar with special guests, to share how our model catalyzes social and financial returns by investing in small businesses.

This is the future of investing. Join Us.

‍Allison Kelly, ICA Fund CEO