OmniWorks provides three distinct channels for investors to generate market returns in high growth business sectors.
Small businesses accounted for 63% of net new jobs created between 1993 to 2013.
- U.S. Small Business Administration
U.S. multicultural buying power is growing at an exponential rate compared to the total U.S., increasing from $661 billion in 1990 to $3.4 trillion in 2014.
If Latino-owned businesses grew as fast as the U.S. average, they could add $1.4 trillion to the U.S. economy.
- Stanford Graduate School of Business
OmniWorks is focused on helping close the funding gap for minority-owned businesses, which, according to The Center for Global Policy Solutions, could add $300 billion to the U.S. economy.
FASTEST GROWING NEW BUSINESS SECTORS
Women and minority-owned business starts are growing faster than all other segments in new business growth, with women outpacing their male counterparts 2 to 1. African American women are the single fasting growing group of entrepreneurs, generating over $44 billion in revenues per year.
In the past year, minority-owned businesses accounted for $400B in annual revenues, but only 8.5% of VC pitches, with women receiving only 2% of venture capital. Minority businesses also receive fewer and lower loan amounts and have lower access to markets, business and financial education, business intelligence, and mentor relationships.
OmniWorks offers investment vehicles for individuals, family offices and foundations seeking low-risk capital returns while achieving social impact returns. Investment in OmniWorks creates direct capital flows to small and mid-sized businesses making economic impacts in their communities through community based business growth, jobs, and wealth creation for women and minority entrepreneurs.
VC & ANGEL INVESTORS
OmniWorks partners with VCs and funders interested in the fastest growing business segment: women and minority owned companies. OmniWorks can enhance deal flow for VCs and Angels by showcasing companies that might not otherwise come through their existing channels and networks. Additionally, OmniWorks will provide a bridge between investors and founders to ensure that as the companies develop, they properly position themselves for maximum value to the investor community.
OMNIWORKS LOAN FUND
Many women and minority entrepreneurs lack access to conventional lenders due to unfamiliarity with lending practices and persistent systemic barriers. This cohort has traditionally been limited to funds raised through “friends and family” that results in debt rather than the intended business growth. To help address these issues OmniWorks is developing a loan fund dedicated to supporting incubated companies founded by women and minorities with loan administration handled by a banking executive with extensive experience in providing loans to these underserved entrepreneurs. OmniWorks will provide ongoing assessment of each company’s progress to reduce risk to individual investors and lending financial institutions.
OmniWorks is seeking funding for the company’s development, loan capital, and to deploy additional incubators with community partners.
OmniWorks provides foundations, financial institutions, and investors new opportunities to put their money to work to generate financial and social impact returns.