CommunityWorks and Cummins Partner to Bring Capital to Black-owned Businesses in Charleston Area

CommunityWorks and Cummins Partner to Bring Capital to Black-owned Businesses in Charleston Area

CommunityWorks was honored at Cummins Turbo Technologies ribbon-cutting ceremony for the expansion of their manufacturing operations in Charleston County on Friday, Oct. 14. Through their program, Cummins Advocating for Racial Equity (CARE), Cummins provided CommunityWorks with a loan to support small business lending and coaching efforts.

CARE seeks to drive a sustainable impact in dismantling institutional racism ​​​​​and creating systemic equity for the Black community in the U.S. Since 2017, Cummins has invested more than $1.6M in community development grants in the areas of education, environment, and equality of opportunity in the Charleston area.

As part of this greater effort, Cummins partnered with statewide Community Development Financial Institution, CommunityWorks, to present Black-owned businesses in the Charleston, SC area with a special opportunity. Businesses that qualify for one of the six CommunityWorks small business loan products can receive capital with a capped interest rate at six percent and waived application and processing fees. This Charleston Small Business Success Loan Program also includes technical assistance and financial coaching through CommunityWorks for small Black-owned businesses in the Charleston community – specifically Dorchester, Berkely and Charleston County.

To celebrate the opening of Cummins new manufacturing operations in Charleston and their partnership with community organizations, they honored CommunityWorks during Friday’s ribbon-cutting, signifying their commitment to minority-owned businesses in the area.

“CommunityWorks and Cummins are aligned in our goals to build brighter futures for under resourced families and communities in the Charleston area,” said LaTorrie Geer, CEO of CommunityWorks. “We are grateful for Cummins’ partnership and support and hope to work together to help minority-owned businesses thrive in the Charleston area and beyond.