The Small Business Incubation Program is a collaborative effort among some of Las Vegas’s leading business experts and is designed to create a holistic approach to setting minority entrepreneurs on their way to success.
Donor Name: Downtown Vegas Alliance
State: Nevada
City: Las Vegas
Type of Grant: Incubation
Deadline: 11/15/2023
Details:
This program goes beyond building capacity – it also helps business owners increase their credit score to provide the ability to access capital and connects them with business who are looking to expand their diverse supplier pipeline.
Goals
- Increase the capacity of current business and provide them with growth strategies
- Build a culture of savings and increase financial literacy for businesses
- Develop a diverse supplier pipeline among local companies
- Create equity in supplier base by increasing supplier representation in underutilized diversity classification for companies
- Increase the economic impact for suppliers and communities
- Strengthen brand and relationships for program partners, participants and companies
The program provides:
- Program mentor business Coaching and peer support
- An opportunity to build Connections with other small business owners and public and private organizations by participating in a Business Opportunity Fair
- A customized Curriculum that is designed for synchronous and asynchronous learning
- Access to Capital by creating a Lending Circle for participants to build credit and receive short-term, no-interest loans
Program Elements
- In-Person Learning
- Lending Circle
- Mentors
- Online Learning & Templates
- Business Opportunity Fair
- Membership
Eligibility Criteria
Business Owners Must Meet The Following Criteria:
- Have a current Las Vegas Business License
- Have revenue of under $500,000 per year
- Have low or unestablished credit
- Have a bank account
This Program is Focused on Minority-Owned Businesses
For more information, visit Downtown Vegas Alliance.
