Wednesday, December 11, 2024 | Baltimore, MD
Baltimore, MD
48°
Fog
FOLLOW US:

Exelon chooses Baltimore software firm for first Racial Equity Fund investment

February 10, 2023

Exelon Corp. chose a Baltimore software company as its first investment from a fund intended to provide capital to minority-owned businesses. The $36 million Exelon Racial Equity Capital Fund invested $1 million in Baltimore software company Sweeten. The deal is the fund’s first investment since Exelon launched the initiative in 2021. Exelon (NASDAQ: EXC) plans to use the fund to provide equity investments of up to $1 million along with $100,000 to $300,000 loans to small minority-owned firms in Exelon’s service areas over three years.

Article Source: Baltimore Business Journal

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.