This is an initiative created by LA21-CDC and its partner Community College of Philadelphia’s Power Up your business program with primary support from The Philadelphia Commerce Department.
The program fundamentally asks one question - Why do so many small and minority businesses fail and struggle? COVID-19 has revealed so much about structural challenges faced by small businesses in our communities and the lack of true support for small businesses. Well, we hope with this program we will begin to start making gradual inroads in correcting this fundamental problem.
Our goal with this new program is to make a paradigm shift on how we train, coach, and support the next generation of sustainable, scalable, and replicable businesses capable of creating generational wealth. To do so, we needed a team, hence our top-notch partners Community College of Philadelphia and Finanta CDFI - all of us will be combining forces to provide quality business planning training, technical assistance (TA), and resources for our cohorts to scale up their businesses and to become successful, capable of creating jobs in Philadelphia and sustainable for years to come.
Components of the training class include:
Our overarching goal is to graduate businesses with a strong foundation and infrastructure - filling the credibility gap that has existed in our small business ecosystem for years.