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Prosperity Initiative

The Prosperity Initiative promotes inclusive entrepreneurship and business growth for entrepreneurs who identify as Black, Indigenous or people of color (BIPOC). The program provides regular education, coaching and business resources to BIPOC business owners in SMIF’s 20-county region.

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Project Impact(s): Business Process, Diversity and Inclusion, Economic Development, Entrepreneurship, Workforce Development

This project is in Plan Phase

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"The program, designed to provide education and business resources to minority business owners, will also educate resource partners of the barriers and opportunities these individuals encounter," according to the release.

The first phase of the program includes a survey of existing minority businesses, available on SMIF's website. This information will inform SMIF and its partners of the immediate and long-term needs of minority-owned businesses.

"We know our region is facing a labor shortage," said SMIF Vice President of Economic Development Pam Bishop. "A key factor in sustaining a strong economy in southern Minnesota is making sure all business owners are getting the necessary support to grow and to encourage aspiring entrepreneurs from diverse, underrepresented backgrounds. We are hopeful that the collaborative nature of The Prosperity Initiative can help us meet these needs."

 


Pinned Reports on: Prosperity Initiative


(1) About the program and August 2022 recruting  (2) 2018-07-011 Minority Business Conference hosted by SBDC, Diversity Council and Prosperity Initiative

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Reports on: Prosperity Initiative


(1) About the program and August 2022 recruting  (2) 2018-07-011 Minority Business Conference hosted by SBDC, Diversity Council and Prosperity Initiative

Read more ...



Other Community News and Reports having impacts on:

Business Process, Diversity and Inclusion, Economic Development, Entrepreneurship, Workforce Development

 

 

Last modified by allnode on 2023/03/22
Created by allnode on 2016/01/08

 

 

 

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Project Phase Definitions
The following defines the various project phases:
  1. Available - a product, program or service is in production
  2. Develop - program or application is being developed
  3. Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
  4. Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
    demonstration
  5. Pre-concept Phase - an early idea or a requirement.
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