NAIC Member Profile
Racial inequities in income cost the U.S. economy about $2.3 trillion per year, according to “Race and the Work of the Future,” a report published by the National Fund for Workforce Solutions. That massive sum does not factor in gender-based inequalities that the Pew Research Center says resulted in American women typically earning 82 cents for every dollar earned by men in 2022.
As an impact investment firm, New Majority Capital’s mission is to narrow persistent wealth disparities by integrating an investment fund, an accelerator, and specialized training programs to empower underrepresented entrepreneurs to acquire and scale businesses effectively. Its comprehensive approach fosters financial growth and innovation and promotes inclusivity, providing vital tools and resources to those with traditionally underrepresented backgrounds and creating a more equitable economic landscape.
The firm’s 501(c)(3) foundation runs a 10-week accelerator that educates individuals on the process of business acquisition, also known as Entrepreneurship Through Acquisition (ETA). This accelerator equips participants with the knowledge to successfully buy, manage, and scale businesses. The firm also offers various support programs, including a 0% interest pre-acquisition loan fund, aimed at facilitating the successful scaling of these businesses.
