Less than $250,000
Community Development VenturesCommunity Development Ventures Contact: Stanley Tucker
Community Development Ventures, managed by the Meridian Management Group, makes equity and near equity investments in businesses located within the Baltimore empowerment zone and enterprise zones or within other targeted counties in Maryland. The fund gives priority to businesses that employ a significant portion of their workforce from CDV’s target areas, aiming to fill at least 60% of the jobs its portfolio companies with residents of distressed urban areas.
In addition to its investments, CDV provides management and technical assistance to its portfolio companies through its Management and Technical Assistance Program. Social Mission Community Development Ventures goal is to strengthen the economic base of distressed urban communities in Maryland through business and entrepreneurial development, and thereby to create high-quality jobs for low-income individuals.
Community Development Ventures invests in all industries with the exception of bars or liquor stores. CDV typically makes investment of between $100,000 and $800,000. The Fund prefers to avoid investments in seed stage businesses and is most interested in early stage, though it will also consider later stage. The Fund has co-invested in the past and would like to continue a similar rate of co-investment in the future.