Investing in Southern Dallas Women Entrepreneurs | United Way of Metropolitan Dallas

United Way’s Women of Tocqueville Fund Invests in Southern Dallas Women Entrepreneurs

First distribution from Women of Tocqueville Fund for Women and Children benefits LiftFund Women’s Business Center; Comerica Bank to match initial investment

The United Way of Metropolitan Dallas Women of Tocqueville Fund Advisory Council announced that LiftFund Women’s Business Center, which is dedicated to supporting diverse women entrepreneurs, will receive its first investment from the Women of Tocqueville Fund for Women and Children. Comerica Bank will match United Way’s $50,000 disbursement, bringing the total investment to $100,000. These funds will be used to provide microloans to female entrepreneurs in the city’s southern sector, so they can successfully grow their small businesses.

“The vision for the Women of Tocqueville Fund is to create an equitable economic environment in which all women and children can achieve financial stability,” said Robbi Luxbacher, Women of Tocqueville Advisory Fund Chair. “We’re proud to partner with LiftFund to provide hardworking business owners the support they need to succeed.”

“LiftFund was founded to provide financial opportunity for diverse entrepreneurs who cannot obtain credit or loans through traditional means, because we believe everyone deserves the opportunity to build a thriving business without facing high interest rates or turning to predatory lenders,” said Tarsha Hearns, LiftFund Dallas/Fort Worth Women’s Business Center Director. “Each dollar we lend results in a positive economic return of $14.  We are proud to partner with Women of Tocqueville Fund for Women and Children and Comerica Bank to empower women entrepreneurs in our community.”

“Small businesses are vital to our communities and women are vital to our families,” said Cassandra McKinney, Executive Vice President, Comerica’s Retail Bank and Founding Circle Member of the Women of Tocqueville Fund. “This investment underscores Comerica’s commitment to serving small businesses by ensuring they have the resources they need to thrive, especially as we continue to navigate the pandemic’s effect.”

“The vision for the Women of Tocqueville Fund is to create an equitable economic environment in which all women and children can achieve financial stability.”

–Robbi Luxbacher

Established in 2017, the Women of Tocqueville Fund for Women and Children was created to provide targeted financial and skill-based investments in the areas of education, income and health—the building blocks of opportunity—for North Texas women and children. To date, the fund has raised $13 million toward those efforts.

“We established the Women of Tocqueville Fund to ensure that our focus of improving the lives of women and children will continue in perpetuity,” said Kristy Faus, who co-founded the fund with Carol March and also serves as a fund advisory council member. “Micro-lending, with additional educational and financial support opportunities, is only the first initiative toward our mission to provide targeted financial and skill-based investments in the areas of education, income and health for North Texas women and children.”

Women of Tocqueville Fund advisory members include Kristy Faus, Carol March, Robbi Luxbacher, Chair, Cassandra McKinney, Neena Newberry, Nancy LaVerde, Deb SoRelle, Jerome Rose, Pamela Osborne, Lynn Fisher, Tyler Riddell, Linda Yohe and Millie Bradley. To support the effort, please visit UnitedWayDallas.org.

This fund, within the United Way Foundation of Metropolitan Dallas, provides critical assistance for North Texas women and children in need in perpetuity. Contributions to the fund also count toward the $100 million Unite Forever campaign, launched in 2015 by United Way Foundation of Metropolitan Dallas to secure ongoing support for United Way’s work in the community today and in the future.

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United Way of Metropolitan Dallas is a community-based social change organization that puts opportunity in the hands of all North Texans. Working with our determined supporters, we lead the charge to improve education, income and health—the building blocks of opportunity. We invite all change-seekers in our community to Live United to achieve lasting results right here at home.

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This article was published on: Sep 16, 2021