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- EIN 11-3720098
- (201) 432-4316
- 311 Martin Luther King Drive Jersey City NJ 07305-0000 USA
- www.risingtidecapital.org
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Nonprofit Overview
Causes: Chambers of Commerce & Business Leagues, Economic Development, Urban & Community Economic Development
Mission: Rising tide capital, inc. Is a non-profit organization committed to the economic empowerment of low-income communities through entrepreneurship. Our mission is to assist low-income entrepreneurs to build strong businesses that transform lives, strengthen families and create vibrant, sustainable neighborhoods. We help to build more inclusive, resilient and healthy local economies in the communities where rising tide entrepreneurs live and work. Our vision is to create a replicable model for high-quality entrepreneurial development services that can be locally adopted in other low-income communities and used as a catalyst for social and economic empowerment.
Programs: Rising tide capital provided intensive business development services to 987 entrepreneurs during 2017. 404 people graduated from our community business academy and 623 people received advanced services through our business acceleration services program. These efforts resulted in 108 new businesses being started during the year, 347 businesses strengthened/stabilized and 246 businesses expanded, creating a total of 420 (220 fte) new jobs. Within two years after graduating, our entrepreneurs experience an average 112% increase in business revenue and 58% increase in household income.