Press release
Exelon’s $10 Million Investment Milestone Fuels Urban Growth and Local Opportunity
Exelon has provided nearly $10 million in funding to nine local businesses in Baltimore, Chicago, the District of Columbia and Philadelphia to spur economic
About this update from Exelon Corporation
[{"type":"text","content":"\nExelon has provided nearly $10 million in funding to nine local businesses in Baltimore, Chicago, the District of Columbia and Philadelphia to spur economic opportunity and entrepreneurship\n\n\n CHICAGO--(BUSINESS WIRE)--\nExelon (Nasdaq: EXC) announced that as of June 2024, the company has invested nearly $10 million in nine locally-owned businesses across Exelon’s service areas as part of the company’s Community Impact Capital Fund (CICF) initiative, with additional investments expected throughout the remainder of the year. Exelon launched the $36 million fund in partnership with the Exelon Foundation in 2022, to help businesses in under-resourced Exelon communities grow and prosper by expanding access to capital.\n\n\n“By investing in community-based businesses, we’re fortifying the economic future of the regions Exelon serves,” said Exelon’s Executive Vice President of Public Policy and Chief External Affairs Officer Colette Honorable. “We’re excited about the nine innovative companies that have received funding so far and look forward to partnering with more businesses that are poised to create a positive ripple effect with the right resources, including creating more jobs and reinvesting in their neighborhoods.”\n\n\nThe nine businesses receiving funding so far this year are:\n\n\n\nSweeten ($1M), Baltimore, Md.: A technology company that is reinventing how the construction industry hires labor for residential and commercial projects, with an expanding technology platform that vets and onboards construction professionals and connects them with projects to enables greater exposure for minority and woman-owned business enterprises.\n\n\n\nAging & Diverse Home Healthcare Services ($187,000), Philadelphia, Pa.: A provider of in-home healthcare services for seniors and disabled individuals, currently expanding its business to include skilled nursing care.\n\n\n\nGemini Energy Solutions ($1M), Washington, D.C.: A tech-enabled energy audit and asset development company focused on accelerating the clean energy transition with solutions for historically underserved communities.\n\n\n\nCJR Development Partners L.C. ($600,000) Washington, D.C.: A provider of construction management real estate development, primarily focusing on supporting public-private partnership projects.\n\n\n\nPublic Sector Solutions Group (PS2G) ($600,000) W...