News & Events
Tory Burch Foundation Newsletter | January 2014
Introducing Elizabeth Street Capital
Our Partnership with Bank of America
We are thrilled to announce Elizabeth Street Capital, a Tory Burch Foundation-Bank of America initiative, designed to provide early-stage women entrepreneurs in the United States with access to low-cost capital, mentoring support and networking opportunities to grow their businesses, creating communities of women entrepreneurs.
Elizabeth Street Capital is launching with an investment of $10 million in low-cost capital from Bank of America and additional funds for operating expenses shared by TBF and Bank of America. The program will initially support women entrepreneurs in Boston, Charlotte, Las Vegas, New York, Philadelphia and San Francisco, but will expand to additional markets over the next two years.
“The combination of loans, mentoring support and peer networking expertise opens up new opportunities for women looking to build and grow their business,” says Tory Burch.
Elizabeth Street refers to the New York City location of Tory Burch’s first boutique, the launching pad for a business that has grown into a global brand with nearly 120 stores and a presence in more than 50 countries around the world. The name speaks to the hard work and passion that drive successful entrepreneurial ventures and to the enormous potential of women-owned small businesses.
The program starts January 27 with a TBF mentoring event at the Bank of America Tower in New York City.
WOMEN TO WATCH
Wanting to foster authentic connections, Caroline Scheinfeld created 3WCircle, a forum for women to come together for group discussions about challenges, goals and hopes.
Donate to the Tory Burch Foundation and make a difference for women entrepreneurs.