Judy’s Comments

Alfa Demmellash Honored at White House

Alfa DemmellashAlfa Demmellash, CEO of Jersey City based Rising Tide Capital, was honored in June at the White House by President Obama after seeing her recognized as a CNN Hero for her work helping low-income entrepreneurs start or grow their own businesses. Alfa, born in Ethiopia, and her husband Alex Forrester started Rising Tide Capital shortly after both graduated from Harvard in 2004.

Rising Tide Capital helps struggling “mom-and-pop” get loans, develop their businesses and improve their financial results. Seventy percent of their clients are single moms, all relying on their businesses to support their families. Other clients include those previously incarcerated, minorities, the unemployed and immigrants and refugees, working poor and immigrants and refugees.

Rising Tide Capital operates the Community Business Academy that provides intensive training coupled with ongoing coaching and mentoring to its target underserved community population, Funding for the programs comes primarily from corporations and local government agencies.

For her work Alfa was also honored earlier in 2009 by CNN as one of their 2009 Heros. To learn more visit www.RisingTideCapital.org and click on the CNN Heroes frame.

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

Aldonna R. Ambler, CMC, CSP
Money Mistakes by Entrepreneurs
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Thursday, 06 October 2022
© 2022 GSWoman. All rights reserved.

Garden State Woman Education Foundations 501(c) 3.

PO Box 709
Long Valley, NJ 07853
908-879-7143

Image