The U.S. Bank Foundation has awarded $30,000 to the Missouri State University Foundation for the efactory and Missouri Small Business Development Center at Missouri State University to develop an early-stage business training program for diverse and women-owned businesses. The grant will allow for 10 businesses to take part in an early-stage business training program at no-charge.
“We are committed to the Springfield community by investing in opportunities where we can help train and encourage minority business leaders and owners,” said U.S. Bank Business Banking Sales Manager Tim Oetting. “As part of U.S. Bank Access Commitment™, we are building wealth in underserved communities and this training program aligns perfectly in reaching our goals that are part of this long-term effort.”
“Thank you to the U.S. Bank Foundation for investing in Springfield and for investing in diverse business owners. We are proud to partner with the U.S. Bank Foundation, Downtown Springfield Association, and the Multicultural Business Association on the ASCEND program which has already awarded 10 grants to local business owners. We are thrilled to be able to offer additional resources and support to local BIPOC and women-owned businesses through this new award,” said Rachel Anderson, Director of the efactory.
Topics and programming covered in the program will include customer discovery, market research and analysis, financial projections, positioning your business for growth, and more. Upon completion of the program, participants will receive an Innovation and Entrepreneurship Certificate, have a business and/or growth strategy plan, have three-year financial projections and be prepared to grow their business, apply for a business loan, or take on investment.
Applications will be available in late fall and the program will kick off in early 2023. To learn more about the program, please contact firstname.lastname@example.org or sign up for our email newsletters to be notified when applications open.