The vision of the Philadelphia smartWISE Coalition is to serve as a business model for Community Benefit Agreements between banks and Black Communities nationwide.
The Philadelphia smartWISE Coalition provides its nonprofit and for-profit business members with support and oversight in registering with the Friends of the African Union, to apply as a group for individual business bank loans and grants under the Truist Community Benefits Agreement Program.
The three purposes of the Philadelphia smartWISE Coalition are:
To Identify and register Philadelphia Black-owned businesses into the Philadelphia smartWISE Coalition membership.
To inform Philadelphia smartWISE Coalition business members of categories of funding available through the Truist Bank, Community Benefits Agreement Program.
To provide structure for Philadelphia smartWISE Coalition business members to register with the Friends of the African Union, Black Folks Plan, and to complete the application process.
OUR 2020 GOALS:
1. To register 100 Black businesses into the Philadelphia smartWISE Coalition every quarter.
2. To host events to inform Philadelphia smartWISE Coalition business members of progress updates and to facilitate collaboration among business members.
3. To call and encourage each member business to post a detailed proposal(s) on the Friends of the African Union’s portal. Approved proposals will be submitted to Truist Bank for possible funding.
The smartWise Steering committee is a group of community advocates who have combined resources and talent to create a governing body to handle effective communication between entities, new member onboarding, and marketing of community benefit agreements.
The opportunity for economic empowerment of the African American community is a collective effort that began over 8 years ago through the hard work of several committed organizations. Theses organizations include Friends of the African Union, and the African Diaspora Directory.