What: Macy’s, Inc. has announced its plans for S.P.U.R. Pathways (Shared Purpose, Unlimited Reach), a capital funding program to support underrepresented businesses.

Why it is important: Over the next five years, Macy’s projects to provide approximately 100 million dollars in capital for diverse-owned and underrepresented growth-stage businesses.

A third channel through a Momentus Capital loan program will provide an additional 100 million dollars. Businesses that participate in the S.P.U.R. program will have access to various tools, training and opportunities along with an advisory network to help with strategy, credit improvement, business plans, financial reporting, daily operating challenges, business strategy, opportunity evaluation and other personalized services.

Macy’s, Inc. partners with Momentus Capital to launch capital funding program