The Women’s Foundation of Arkansas (WFA) is seeking candidates for the third Women’s Economic Mobility Hub cohort. The WEM Hub is designed to support Black women-owned businesses through providing entrepreneurial support along with additional resources, including capital.
Donor Name: Women’s Foundation of Arkansas
State: Arkansas
County: All Counties
Type of Grant: Program
Deadline: 06/17/2022
Size of the Grant: $5,000
Details:
The WEM Hub, through the WFA’s Women Empowered initiative, seeks to dismantle systems that act as barriers to scalability, growth, and sustainability for Black women entrepreneurs. To achieve that goal, the WFA will provide $5,000 in unrestricted grant funds for selected participants to help scale their businesses.
Eligibility Criteria
Applicants will be selected based on the following criteria:
- Must be able to participate in (via teleconference and/or in person) six two hour monthly WEM Hub sessions, which will include technical assistance and/or networking events. Please note that the required WEM Hub Orientation and Closing Sessions will be held in person on July 19 and December 13, respectively. Location to be determined.
- Must be an existing business in which 75% is owned and operated by one or more Black women who are U.S. citizens.
- Must be a bona-fide registered business physically located and operating for more than one year within the state of Arkansas.
- Must be an entity operating as a for-profit corporation, partnership, LLP or LLC, or sole proprietorship. Not-for-profit corporations or similar non-profit entities are not eligible.
- Must be in good standing with the Arkansas Secretary of State and be current on all county, state, and federal taxes.
For more information, visit WFA.
