Vision and Values

Leadership

Vision and Values

The Enterprise Center has a rich and diverse practice supporting minority entrepreneurs and under-resourced communities spanning more than three decades. Our clients and partners trust us to advise and deliver on transformative economic development connected to minority business growth cycles and community wealth-building initiatives.

We invest in people and projects at the heart of business and communities in the belief that aligning capital with expertise is the strongest pathway to economic wealth and prosperity.

We operate a dedicated team model. Each team functions as an entrepreneurial group, managing a strategy that works with clients where they are, coordinates with partners, and invests capital where needed.  Teams are responsible for their goals and outcomes though the entire project and investment life cycle and are directly accountable for performance. Each team is led by an executive overseeing talent responsible for working with our clients, partners, and communities. This proven approach builds trust and alignment with clients' needs and community objectives.

We focus our work in the United States and two offices located in Philadelphia, PA. As a 501c(3), our mission is to cultivate and invest in minority entrepreneurs to inspire working together for economic growth in communities.

History 

In 1988, David Thornburgh, the Director of the Wharton Small Business Development Center (SBDC), and a Wharton SBDC consultant named Larry Bell were looking for a way to expand entrepreneurial training and consulting expertise with the needs of aspiring minority entrepreneurs in Philadelphia. 

They developed a business plan with funding from Ben Franklin Partnership (now Ben Franklin Technology Partners), and in 1989, with the help of early supporters such as Bell Atlantic (now Verizon), The Enterprise Center (then, known as the West Philadelphia Enterprise Center) became a reality, setting up offices in about 3,000 square feet of leased space in the former Provident Mutual Insurance Company building at 4601 Market Street.  David Thornburgh served as the Chair of the founding Board, and Larry Bell became the first Executive Director. 

In 1992, Della Clark, an entrepreneur, was hired to replace Larry, who was leaving to lead West Philadelphia Partnership. Under Della, The Enterprise Center underwent tremendous growth in the second half of the 1990s. In 1994, we purchased the then-dilapidated WFIL Studios building at 46th and Market Streets—the original home of American Bandstand before it moved to California in 1964. In 1997, we completed renovations that transformed the building into a state-of-the art center for business and entrepreneurship [hyperlink “business and entrepreneurship” to business team landing page].  

In the 2000s, we added affiliates, The Enterprise Center Community Development Corporation [hyperlink to community team landing page], to catalyze benefits for businesses and residents that spark community revitalization, and The Enterprise Center Capital Corporation [hyperlink to capital team landing page], to provide debt and equity capital that businesses need to start, grow, and succeed.

Current Growth Strategy

Master Growth Plan

In 2016, we launched our Master Growth Plan that outlines our vision for growth and impact, and how planned investments would drive optimizing services by combining business acceleration, capital investments, and community development. 

Leadership

We live our core values of creativity, education, integrity, and collaboration, and strive to provide solutions to economic disinvestment in under-resourced communities.  We commit to our work through three core areas: Business, Capital, and Community.

  • Our Business development efforts accelerate the capacity of minority enterprises to compete in any marketplace through business education, management support, and connections to industry; 
  • Our Capital Corporation provides access to debt and equity capital that businesses need to start, grow, and succeed; 
  • Our Community Development Corporation catalyzes benefits for businesses and residents that spark revitalization in distressed, low-income neighborhoods. 

Executive Team

Della Clark, President & CEO

Larry Bell, CFO & EVP Capital Team

Victoria Hosendorf, EVP Business Team

Seulky McInneshin, EVP Core Team

Jeff Wicklund, EVP Community Team

Board of Directors

The Enterprise Center and its affiliates, The Enterprise Center Community Development Corporation and The Enterprise Center Capital Corporation, work together to provide governance and guidance for the organization, its mission, and its fiduciary responsibilities.  The Boards of Directors of each organization meet on a consolidated basis to ensure organizational effectiveness, collaboration, and shared leadership.

The Enterprise Center Board of Directors 

Andrew Cherry (Chair) KPMG LLP

Della Clark The Enterprise Center

Anita Garimella Andrews RJ Metrics Harold Glass University of the Sciences

Jonathan Horn Infosys Life Sciences

Jamie Magee Chronic Disease Prevention, Health Promotion Council


Affiliate Board of Directors, The Enterprise Center Community Development Corporation 

Lowell Thomas (1st Vice Chair)

Philadelphia Housing Development Corporation

Andrew Bank

Strong Place Partners

Della Clark

The Enterprise Center

Cortez Patton

Office of Senator Anthony Williams

David Lee

Johnson and Johnson

Affiliate Board of Directors, The Enterprise Center Capital Corporation 

James Sanders (Vice Chair)

Customers Bank

Andrew Cherry KPMG LLP

Della Clark

The Enterprise Center 

Harold Glass University of the Sciences