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    John Dubinsky and the St. Louis Contractor Loan Fund

    Kanter, Rosabeth Moss ; LaNasa, Frank Jerome

    • Reference: HBS-316041-E

    • Year: 2014

    • Number of pages: 15

    • Geographic Setting: United States;Missouri

    • Publication Date: Nov 4, 2015

    • Source: HBSP (USA)

    • Type of Document: Case

    • Industry Setting: Construction;Banking

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    Description

    In May 2015 prominent leaders in St. Louis were celebrating the launch of the Contractor Loan Fund (CLF), a $10 million revolving loan fund meant to help area minority and women-owned construction contractors grow their businesses. John Dubinsky, the leader behind the advancement of this project, aimed to decrease the region's longstanding economic and social inequalities. Despite successfully scoping out the project, recruiting a team, fundraising, and launching the fund, Dubinsky was still worried about the process by which they would cultivate the growth of minority and women-owned construction contractors.

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    Keywords

    Bank loans Capital Economic development Investments Leadership Loans Minority & ethnic groups Stakeholders Urban development Women