LED’s Diversity in Entrepreneurship Initiative, delivered in partnership with the Edward Lowe Foundation, aims to accelerate second-stage business growth for minority-and woman-owned companies in Louisiana.
Donor Name: Louisiana Economic Development
State: Louisiana
County: All Counties
Type of Grant: Grant
Deadline: 09/30/2024
Size of the Grant: Not Available
Grant Duration: Grant Duration Not Mentioned
Details:
With the unique challenges minority-and woman-owned entrepreneurs face, program participants will be able to identify what scaling means for both their companies and their communities. They will then move on to develop and refine their business strategy and will be connected to the right tools and expertise to execute the strategy.
- Virtual kickoff retreat workshop to help develop and refine an overall growth strategy, identify strengths and weaknesses and establish commitment goals
- A unique peer-learning opportunity that allows participants to discuss pressing issues in a confidential environment
- Business intelligence related to specific internal or external growth challenges via a team of highly skilled specialists
Eligibility Criteria
In order to be considered for participation in the Diversity in Entrepreneurship Initiative, a business should meet the criteria described below.
- Company Location – The company must have its principal place of business in Louisiana.
- Annual Revenue – The company should have annual revenue between $600,000 and $50,000,000.
- Employees – The company should employ at least five but not more than 100 employees.
- External Markets – The company should deliver products or services to customers outside their local market or demonstrate the capacity and desire to do so.
- Lawful Function – The company must be organized for profit to perform a lawful, commercially useful function.
- Growth – Additional consideration will be given to companies that can demonstrate past and potential growth.
- Participant Profile – Participants must be a CEO, business owner or key decision maker in the company.
For more information, visit LED.
