tl;dr
- Subcity is an early-stage startup democratizing access to capital for America's small businesses — starting with manufacturers.
- The founding team of three consists of a repeat venture backed CEO, an economic development expert, and a proven engineering leader with both startup and big tech experience. We're backed by top-tier seed investors and would love for you to join us!
🌎 Mission
Our purpose is to help small businesses succeed and our cities continue to be engines of opportunity for humanity.
America was built by entrepreneurs, adventurers, and inventors. Small and medium-sized businesses make up 99.9% of all US businesses and almost 50% of jobs.
The US government sets aside over $100B a year to spur economic development at the local, state, and federal level to incentivize job growth, community investment, and business growth. However, most of this money either goes unclaimed, or to large corporations with teams of tax attorneys and government relations teams.
We want to democratize access to capital for America’s small businesses by leveraging our dataset to pair advanced manufacturing entrepreneurs with billions of dollars in economic development incentives and tax credits.
We believe we can achieve the ultimate win-win-win-win:
- Helping cities enact their economic development plans;
- Allowing small business owners to access and collect the incentives designed to help them grow and thrive;
- Enabling individuals who have faced significant barriers to employment (ex-military, ex-felons, folks with disabilities, long term SNAP recipients, etc) stand out in the job market;
- And assisting under-served communities and geographies in securing investment.
👩💼 Pledge 1%
Subcity is a mission-driven organization. At our founding, we set aside 1% of our equity for a charity that deeply aligns with our goal of helping small businesses succeed: The SBDC is the most comprehensive small business assistance network in the United States and its territories.
- America’s SBDC represents America’s nationwide network of Small Business Development Centers.
- SBDCs are hosted by leading universities, colleges, state economic development agencies and private partners, and funded in part by the United States Congress through a partnership with the U.S. Small Business Administration.
- There are nearly 1,000 local centers available to provide no-cost business consulting and low-cost training to new and existing businesses.
- Small business owners and aspiring entrepreneurs can go to their local SBDCs for FREE face-to-face business consulting and at-cost training on a variety of topics. Learn more about how SBDCs are helping local businesses start, grow and thrive.
🎇 Join Our "Starting Five" Founding Team Members!