Zach Wilcha, CEO, Independence Business Alliance

In an interview with Invest:, Zach Wilcha, CEO of Independence Business Alliance (IBA) —  Greater Philadelphia’s LGBTQ+ Chamber of Commerce — discussed the organization’s efforts to support LGBTQ+ businesses through political advocacy, economic empowerment, and community building. “Our mission is to provide connections, opportunities, and resources to LGBTQ+ businesses, professionals, and allies in the Greater Philadelphia tri-state area. In collaboration with our members and partners, we expand economic opportunities, advocate for diverse spaces, and promote inclusive leadership,” he said.

How has the mission of the Independence Business Alliance evolved, and what are your strategic priorities today?

Our mission remains unchanged: to create opportunities, provide resources, and expand access for LGBTQ+ businesses, workers, and allies, both by building new alliances and strengthening existing ones. Lately, we’ve concentrated on two key priorities. First, addressing the effects of political instability on our communities, while helping members find a clear path forward. Second, supporting small businesses as they balance community needs with business realities during ongoing market uncertainty, so they not only survive but thrive. We’re also mindful of the emotional weight these times bring, particularly for the communities we serve. Alongside practical business support, we are committed to acknowledging community pain and developing solutions that reflect both compassion and resilience.

How do initiatives like your DEI program, TransWork, and scholarships influence both individual lives and the wider business community?

We support our members through a range of initiatives. Our educational programs equip small businesses with essential tools, such as developing strong capability statements to better position them for corporate opportunities. We recently marked Supplier Diversity Day by partnering with Philadelphia-based corporations to ensure LGBTQ+ businesses remain integrated into their supply chains, regardless of the terminology they use.

As the first chamber in the nation to launch a program focused on trans economic empowerment (TransWork), we provide thoughtful support to trans entrepreneurs and job seekers, connecting them with affirming workplaces while keeping community safety at the forefront. Last year, we reached another milestone: convening leaders from major corporate LGBTQ+ employee resource groups for a powerful summit and celebration that deepened the connection between business and community.

How would you describe the economic impact of the LGBTQ+ community on the Greater Philadelphia business landscape today?

LGBTQ+ professionals are driving and launching businesses at every level in our region. The pandemic ignited a wave of entrepreneurship in our community from side hustles to long-envisioned ventures, and that momentum continues to inspire us. We’re proud to help shape policy in Philadelphia while celebrating our members’ milestones, whether it’s a startup landing major clients or a business owner achieving early retirement through their success.

At the same time, we remain realistic about today’s challenges. When LGBTQ+ communities face increased threats, the road to business success becomes steeper. That’s why we’re investing even more in safe networking spaces and reliable, affirming business connections. Right now, everything we do centers on two core priorities: ensuring community safety and advancing economic opportunity.

What key challenges do LGBTQ+ businesses in the region face today, and how are you supporting them in these cases?

Today’s challenges are complex and multifaceted. From a business standpoint, tariffs are driving volatility that hits small businesses especially hard. Rising material costs are straining restaurants and the hospitality sector, and the ripple effects are felt across many industries. For our LGBTQ+ community, growing safety concerns are a reality as hate becomes more visible. We’re committed to maintaining safe, affirming spaces while guiding members through available city and state resources and recourse options. We also play a key role in connecting local businesses with essential support such as grants, loans, and state benefits that many don’t even know exist. In times like these, easing financial strain is more important than ever.

In Philadelphia’s political landscape, unity has proven to be our greatest strength. When we align around key issues like tax policy and the overall business climate, we show up together at City Council, sharing powerful testimony backed by lived experiences and data from our biannual surveys. Small businesses in the city continue to face significant growth hurdles, with high BIRT and wage taxes leading the list. Now, due to ongoing city litigation, they’re also set to lose the vital $100,000 BIRT exemption — a major setback. Individual voices are important, but when we come together, our collective voice carries far greater weight.

What feedback do you hear most often from IBA members, and what are their biggest needs or expectations from the organization?

We’ve earned a reputation for creating meaningful, inclusive spaces where people can connect authentically, spaces where sharing personal and professional goals feels safe. It’s one of our proudest achievements. Our educational programs support businesses at every stage, covering everything from foundational startup knowledge to accessing capital. While no one can predict what lies ahead, we stay committed to tracking market trends and prioritizing community safety, especially under the current administration. Elected officials increasingly turn to us for insight. We demonstrate how our members are the backbone of Philadelphia’s economy, including employers, taxpayers, and residents who deserve the opportunity to thrive. That’s the heart of our mission.

What is your vision for Philadelphia’s LGBTQ+ business community in the next five years?

Philadelphia is heading into a pivotal stretch. Major events like the 2026 World Cup, the MLB All-Star Game, and America’s 250th anniversary will generate incredible momentum, but the real opportunity lies in sustaining that energy through 2027 and beyond. This moment also presents a unique opening for LGBTQ+ communities. As the birthplace of liberty, Philadelphia’s progressive spirit makes it the perfect city to champion as a safe, welcoming place to live, work, and build a business. For those coming from less inclusive regions, Philadelphia could become both a refuge and a launchpad, bringing with them innovation, resilience, and strong community values. I hope our leaders seize this moment to elevate Philadelphia into a truly world-class city by welcoming LGBTQ+ talent and embracing the powerful contributions they bring.