The West Side Forward is inviting applicants for its Business Start-Up Entrepreneurial training program to support individuals in launching business operations, becoming licensed and legally structured.
Donor Name: West Side Forward
State: Illinois
City: Chicago
Type of Grant: Training
Deadline: 08/08/2023
Details:
Business Training cohorts are 10-week immersive business training programs comprised of specialized workshops, training, and resources facilitated in conjunction with the Neighborhood Business Center at West Side Forward.
This entrepreneurship training program is for serious entrepreneurs who:
- Have identified the area of business they want to pursue.
- Currently operate an informal business now seeking to become licensed and legally structured.
- Have been in business for less than five years seeking to expand or standardize their operations.
- Will commit to starting or expanding their business within 6 months of program completion.
- Will develop a plan to create new jobs in the community where their business is located.
This program is geared toward for-profit enterprises and entrepreneurs who want to start a new business, owners of informally run businesses who want to become licensed and legally structured, and owners of existing businesses less than five years old that want to expand or standardize their business operations. Entrepreneurs selected for these programs participate in a series of highly specialized sessions on business plans, marketing, financing, accounting, risk management, legal issues, and more, followed by a year of personal mentoring from a business leader.
Special consideration is given to applicants that reside or seek to operate their business on the West Side of Chicago, and have businesses in the manufacturing industry.
Eligibility Criteria
To enroll, applicants must meet a specific set of criteria. The criteria outlined below are the starting point for screening, but West Side Forward reserves the right to adjust these criteria as we determine the demand and capacity of the students to meet these criteria.
They are as follows:
- Applicants will designate in their application whether they are a start-up business (one year or less) or an emerging business (more than one year to 5 years old). Businesses that have been registered for more than 5 years old will not be eligible to participate
- Primary consideration will be given to applicants that intend to start or expand for-profit businesses, while secondary consideration will be reserved for entities that may operate on a not-for-profit model.
- Primary consideration will be given to Chicago west side residents that also have businesses or specific plans to locate their business office within the designated communities of Austin, Humboldt Park, West Garfield Park, East Garfield Park, North Lawndale, and South Lawndale.
- Home address and/or intended business location will be one of these ten zip codes: 60608, 60612, 60622, 60623, 60624, 60639, 60644, 60647, 60651, and 60707. Secondary consideration may be given to those from other nearby geographic locations or businesses that have the potential to positively impact a low to moderate-income community.
- Have a valid driver’s license or state identification
- Proof of current address of the above ID or recent utility bill
For more information, visit Business Start-Up Training.
