RISING TIDE CAPITAL INC AND SUBSIDIARIES
Programs
Rising Tide Network
RISING TIDE CAPITAL MARKED A TRANSFORMATIVE YEAR IN 2024, CELEBRATING ITS 20TH ANNIVERSARY WHILE ACHIEVING SIGNIFICANT MILESTONES IN ENTREPRENEURIAL SUPPORT AND COMMUNITY DEVELOPMENT. THROUGH THE RISING TIDE NETWORK, THE ORGANIZATION NOW OPERATES IN 18 LOCATIONS ACROSS 15 STATES, HAVING SUPPORTED OVER 11,000 ENTREPRENEURS SINCE ITS FOUNDING.RISING TIDE CAPITAL AND THE RISING TIDE NETWORK PROVIDED INTENSIVE BUSINESS MANAGEMENT TRAINING & EDUCATION WITH ACCESS TO CAPITAL AND COACHING SERVICES TO OVER 2,100 ENTREPRENEURS DURING 2024. 494 PEOPLE PARTICIPATED IN OUR COMMUNITY BUSINESS ACADEMY, 550 PEOPLE RECEIVED ADVANCED TECHNICAL SUPPORT AND COACHING THROUGH OUR BUSINESS ACCELERATION SERVICES PROGRAM (A 31% INCREASE FROM 2023), AND 230 PEOPLE RECEIVED CREDIT COUNSELING, LOAN PACKAGING, AND ACCESS TO CAPITAL SERVICES THROUGH OUR CREDIT TO CAPITAL PROGRAM, WITH COACHING HOURS INCREASING BY 377% TO 1,831 HOURS.DURING 2024 THESE EFFORTS RESULTED IN 70 NEW BUSINESS STARTS (89% INCREASE FROM 2023), 550 BUSINESSES STRENGTHENED/STABILIZED (26% INCREASE), 331 BUSINESSES EXPANDED (82% INCREASE), AND THE CREATION OF 325 NEW JOBS, REPRESENTING A 55% INCREASE IN JOB CREATION FROM THE PREVIOUS YEAR.WITH PROGRAM GRADUATES ACHIEVING AN 81% BUSINESS SURVIVAL RATE BEYOND FIVE YEARSSIGNIFICANTLY OUTPERFORMING THE 50% NATIONAL AVERAGE ALONGSIDE RISING TIDE CAPITAL'S PROVEN IMPACT IN GENERATING $5.89 IN SOCIAL VALUE FOR EVERY $1 INVESTED RISING TIDE CAPITAL CONTINUES TO DEMONSTRATE THAT ENTREPRENEURSHIP IS A POWERFUL CATALYST FOR ECONOMIC MOBILITY AND COMMUNITY TRANSFORMATION.GeographiesNot indicatedDatesJan 1, 2024 – Dec 31, 2024Source990No causes providedNo populations provided–$6.3M
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