This week, Tory Burch, a well-known entrepreneur and fashion designer who grew up in Valley Forge, was back in town to promote her Elizabeth Street Capital initiative.
Elizabeth Street Capital, named for the street in New York City where Burch’s first boutique launched, is a new joint program between the 6-year-old Tory Burch Foundation and Bank of America.
Its goal is to help women entrepreneurs network through events, as well as gain access to affordable loans through partnerships with leading Community Development Financial Institutions across the nation. Bank of America has committed an initial investment of $10 million to selected CDFIs, which specialize in investing in small startups hoping to grow.
Ellen Weber, Executive Director of Robin Hood Ventures, and Managing Director at Antiphony Partners was one of several mentors. She was quoted as saying: “Do what you love, what you’re good at and what somebody, somewhere will pay for.”