The Women’s Foundation of Arkansas (WFA) is seeking candidates for the second 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: Grant
Deadline (mm/dd/yyyy): 01/21/2022
Size of the Grant: $5,000
Details:
The Women’s Economic Mobility Hub will work to leverage those findings by applying a racial and gender lens to a program designed specifically to support Black women-owned businesses as vehicles for economic mobility.
The WEM Hub is designed to support Black women-owned businesses by providing technical assistance along with additional resources, including $5,000 in unrestricted grant funds to help scale their businesses.
An ideal WEM Hub participant will be able to commit to a six-month program in which Black women entrepreneurs can access tailored support services through a combination of online trainings and in-person meetings, including:
- Expert advice from leading industry professionals surrounding topics such as accounting and financial management, business development, legal services, and more;
- Ongoing mentorship support and counsel;
- Peer to peer learning sessions;
- Communications, public relations, and marketing training;
- Leadership skill development; and
- Opportunity to establish a relationship with participating financial institutions.
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.
- 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 operated 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 2022 Women’s Economic Mobility Hub.
