Earlier this month, longtime ICA Board Member Wil Hobbs shared this message with the ICA community. We're publishing it below for all to read.
Dear Friends and Supporters,
I believe that small businesses have the power to transform lives and communities. But too many entrepreneurs – especially entrepreneurs of color – face big obstacles to accessing the capital and support they need. In the midst of the COVID-19 pandemic, these businesses need our help to survive and thrive.
I am proud of ICA’s mission to provide local small businesses with essential coaching, capital, and connections.
ICA’s impact is clear: in 2019, the companies we supported employed 547 workers and paid nearly $16 million in wages – generating a ripple effect to drive economic activity and opportunity in communities that need it most. More than 70% offered health benefits to their employees, and 89% provided career ladder opportunities. Three-quarters of these companies are led by entrepreneurs of color and/or women.
It is a privilege and an honor, for 10-years and counting, to be part of ICA. I support ICA because I know my gift makes a difference for Bay Area entrepreneurs and their employees.
Every $1 you donate today helps generate over $6 in employee wages. Whether you give $100 or $1,000, you can help accelerate great small businesses as we build an economy that works for all. Will you join me?
Wishing you health and happiness during these difficult times.