Abbott and LISC are collaborating to address these barriers through a $37.5 million initiative to support diverse small businesses and the communities they serve. This includes growth capital, loans and coaching to help business leaders grow their companies and create jobs – which will build a more resilient and inclusive healthcare supply chain for Abbott and other companies, support greater diversity in the health care industry, and also help drive broader economic opportunity.
A small business must meet the following criteria to be eligible for the initiative:
Based in the United States, with an annual revenue of $250,000 or more;
In operation for more than two years, with an ability to deploy capital toward business improvement and growth; and
Part of the healthcare industry, with a focus on manufacturing diagnostics, nutrition products, medical devices and other healthcare technologies, or offering business-to-business products and services that the healthcare industry can use such as IT, human resources, and construction, among others.