New fund offered to help build up wealth of Black communities in Orlando

ORLANDO, Fla. — Big changes are coming to help Black communities in Orlando to innovate.

WATCH: 11 people rescued from capsized boat in Florida

Multiple organizations, including Enterprising Black Orlando, announced the launch of the new EBO impact fund.

>>> STREAM CHANNEL 9 EYEWITNESS NEWS LIVE <<<

Over the years, certain policies and practices have prevented many Black Floridians from accessing capital and building wealth.

Photos: New fund offered to help build up wealth of Black communities in Orlando

“This is so important, I can’t tell you what happens to a community that has leadership and wealth gaps that aren’t solved through some kind of equity strategy,” said Mark Brewer, CEO of the Central Florida Foundation.

READ: Florida to launch ‘Purple Alert’ program to help find missing adults with disabilities

The Enterprising Black Orlando initiative is looking to close the wealth gaps between Black and white Americans.

READ: ‘Please help me’: Florida church members credited with stopping child abduction

Click here to download the free WFTV news and weather apps, and click here to watch the latest news on your Smart TV.