A 19th Century Fund Is Still Helping Philadelphia's Smallest Businesses


A long-running fund in Philadelphia has been able to help struggling small-business owners in the city since 1854. The Merchant Fund has been able to provide 67 businesses with $307,000 in grants since the onset of the pandemic. Additionally, it also helps entrepreneurs purchase real estate. The fund’s executive director notes, “Owning property is crucial to business longevity, and is fundamental to creating wealth that can be passed on.”

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