A new fund, the Ebiara Fund, created by the Detroit-based economic growth nonprofit Invest Detroit, in partnership with URGE Imprint and with funding from The Kresge Foundation, will provide early-stage capital and process resources to minority-owned development firms working to grow and strengthen Detroit’s neighborhoods.

“Emerging real estate developers, especially minorities, struggle to access capital to create scalable real estate development firms. This means Detroit’s Black and Brown developers do not have the support they need to substantially impact the growth and development of Detroit’s neighborhoods,” the fund’s website says.

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“American Black Journal” host Stephen Henderson talks with two people involved with the fund, Rod Hardamon of URGE Imprint and Keona Cowan from Invest Detroit, about why the Ebiara Fund was created and the challenges Black and brown developers face in Detroit today. Plus, they discuss the resources available through the fund and how it will help minority-owned development firms grow their businesses and become a part of Detroit’s growing economy.

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Watch American Black Journal on Tuesday at 7:30 p.m. and Sunday at 9:30 a.m. on Detroit Public TV, WTVS-Channel 56.