Pepco and Exelon's Racial Equity Capital Fund Invests Nearly $3 Million in Minority-Owned Small Businesses in the District and Maryland
September 30, 2023
September 30, 2023
WASHINGTON, Sept. 30 -- Pepco issued the following news release on Sept. 29, 2023:
Today, Pepco, Exelon, and the Exelon Foundation-funded Racial Equity Capital Fund (RECF), announced $2.7 million in RECF investments to four local, minority-owned businesses working in the energy, IT, workforce development, and real estate fields:
* $1 million equity investment in Gemini Energy Solutions
* $600,000 debt investment in Public Sector Solutions Group (PS2G)
. . .
Today, Pepco, Exelon, and the Exelon Foundation-funded Racial Equity Capital Fund (RECF), announced $2.7 million in RECF investments to four local, minority-owned businesses working in the energy, IT, workforce development, and real estate fields:
* $1 million equity investment in Gemini Energy Solutions
* $600,000 debt investment in Public Sector Solutions Group (PS2G)
. . .