Tuesday, December 7, 2021

FAMU launches new small business assistance program

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TALLAHASSEE, Fla. (WCTV) – A lift for small companies is coming within the Capital Metropolis. FAMU is launching a brand new program to assist ladies and minority entrepreneurs step out on the suitable path.

In response to FAMU, the college obtained a $100,000 grant from Wells Fargo Financial institution to fund employees help, mentorship and a “enterprise navigation” information. The cash will even assist present shared workplace house for start-ups.

The final 12 months and a half has been robust on small enterprise homeowners. Particularly these owned by ladies and minorities.

The College defined that companies which have gone by means of these incubation packages have an 87% survival price by means of the primary 5 years.

William Coleman has been constructing his enterprise in Tallahassee for about one 12 months. It’s an IT consulting agency referred to as ‘Blackout Options LLC.’

Coleman defined that this final 12 months has been very irritating.

“From COVID, from the restrictions, nevertheless it additionally gave alternatives to place issues in perspective. In order I transitioned from working for any individual else and extra so into entrepreneurship, that was one of many issues I mirrored on,” shared Coleman.

Coleman is certainly one of three preliminary companies chosen to take part on this new small enterprise incubator by means of the FAMU Small Enterprise Improvement Heart, which is targeted on offering higher enterprise alternatives to ladies and minority entrepreneurs.

“We need to spend money on the desires of our entrepreneurs which are proper right here in our neighborhood,” mentioned a consultant for FAMU.

The incubation program will present coaches, mentorship packages and a shared work house, in addition to college sources by means of the college.

“We’re additionally keen on retaining a number of the expertise that comes out of those main universities. And I see this as a chance,” mentioned Tallahassee Metropolis Fee member Dianne Williams-Cox.

Coleman advised WCTV that he hopes this program will assist get his enterprise off the bottom.

“What I’m hoping for is simply extra sources, extra community, extra training,” mentioned Coleman.

Copyright 2021 WCTV. All rights reserved.

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