Propeller Impact Fund II Launches to Support Food CPG Businesses

Biz New Orleans 22 May 2024

Propeller is launching Impact Fund II, dedicated to fostering growth and sustainability in Louisiana’s food Consumer Packaged Goods (CPG) sector. With a focus on supporting BIPOC and socially/economically disadvantaged entrepreneurs, this seed equity fund aims to empower local businesses in the Greater New Orleans area by providing crucial financial support, mentorship, and resources. Funding for Propeller Impact Fund II comes from Louisiana Economic Development through the U.S. Treasury Small States Business Credit Initiative and The Kresge Foundation.