The Women’s Foundation of Arkansas (WFA) is seeking candidates for the fifth Women’s Economic Mobility Hub cohort.
Donor Name: Women’s Foundation of Arkansas
State: Arkansas
County: All Counties
Type of Grant: Program
Deadline: 05/20/2024
Size of the Grant: $1000 to $10,000
Grant Duration: Grant Duration Not Mentioned
Details:
The 2024 Women’s Economic Mobility HUB Program supports 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 Determination
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 in Central Arkansas on June 27 and December (TBD), respectively. Exact 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 Women’s Foundation of Arkansas.
