Atlanta Wealth Building Initiative Partners with Executive Financial Partners to Help Black Businesses Build Capital Readiness and Business Operations
FOR IMMEDIATE RELEASE:
Oct. 26, 2023
Contact: media@atlantawealthbuilding.org
ATLANTA — Today, the Atlanta Wealth Building Initiative announces our partnership with Executive Financial Partners to develop a program to build the capital readiness and business operations expertise of Black businesses and Business-Serving Organizations (BSOs). The program will provide quarterly coaching and/or consulting services that implement a capital readiness strategy, business planning, training in fiscal management best practices, and fundraising.
“We are grateful for the expertise that Executive Financial Partners will bring to this work as we serve as a thought partner to help Black businesses and Business-Serving Organizations,” said Dr. Janelle Williams, CEO and Co-Founder of Atlanta Wealth Building Initiative. “The success of Black businesses is one of many key factors in building Black wealth in the South. As more businesses open in Atlanta we want to make sure they have the best tools and policies to build capital readiness and business operations for maximum success.”
“We are extremely privileged to partner with the Atlanta Wealth Building Initiative to build the capital readiness and business operations expertise of Black businesses and Business-Serving Organizations (BSOs),” said Sandy Petty, CEO of Executive Financial Partners. “Executive Financial Partners is dedicated to supporting business owners — not only by maintaining their books — but by being true partners while working side by side and helping them build the solid foundation necessary for growth. In doing so, we help to create financial infrastructures that translate into greater efficiency and productivity, better cost control, and greater financial resilience.”
AWBI and Executive Financial Partners will work with up to 20 existing businesses and up to five to seven BSOs over 12 months to provide perspective or approaches to challenge, act as a sounding board for ideas, provide opportunities for discussion, and assist in thinking or decision-making.
This effort is part of a larger initiative to help Black businesses in the Atlanta region. Earlier this year, AWBI announced two partnerships including an initiative with IBEX IT Business Experts to bolster the procurement training capacity of business-serving organizations in the Atlanta region and a program with Village Micro Fund to invest in Atlanta’s Black-owned small retail businesses to promote an inclusive and thriving economy for all.
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About Atlanta Wealth Building Initiative
Atlanta Wealth Building Initiative (AWBI) is a catalytic nonprofit that seeks to achieve shared prosperity by building Black wealth through community wealth building strategies. We are a community of investors, advocates, and activists working to transform systems and structures of capital to create opportunities to build Black wealth in Atlanta and across the South. We promote an understanding of community wealth-building strategies to cultivate the engagement, capacity, and leadership necessary to shape a new economic narrative.
By challenging systemic bias and introducing new systems and structures of capital, AWBI aims to re-engineer and redesign Atlanta’s economic ecosystem such that all sectors, from small businesses to large corporations, to anchor institutions, philanthropy, nonprofits and government, consider day to day how to integrate the economic well-being of our most disenfranchised families and communities into their strategy and operations.