December 2, 2023


Moving Forward

Business mentoring available for BIPOC and underserved entrepreneurs – Albert Lea Tribune

Company mentoring available for BIPOC and underserved business owners

Released 11:47 am Thursday, February 23, 2023

Southern Minnesota Initiative Foundation (SMIF) is recruiting organizations to join the Prosperity Initiative system. This plan is open to business people in SMIF’s 20-county location who discover as Black, Indigenous or Folks of Color (BIPOC), and underserved people today.

Entrepreneurs at any phase in their enterprise arranging course of action are encouraged to implement. Those who are in the ideation period will start off the process by collaborating in CO.STARTERS, a 10-week prolonged, cohort-centered opportunity that equips business owners with the fundamental equipment to convert business strategies into action. Subjects will selection from the improvement of a organization program to how to pitch your small business to investors. SMIF companions with Collider to supply this exclusive providing.

Entrepreneurs that full CO.STARTERS, or these who now have an proven company program, will then meet up with on a regular basis with a business strategist to set intentional ambitions to scale development. A personalized strategy of motion will be designed, and entrepreneurs will be skilled on a range of advanced company techniques which include QuickBooks management, advertising and economic scheduling.

“We are enthusiastic to offer you a broader variety of entry factors for underserved business owners to get started the Prosperity Initiative journey,” stated Pam Bishop, vice president of economic progress. “Whether you are somebody with an set up small business, or a person with an plan, this method can aid flip goals into reality.”

The Prosperity Initiative is supported, in part, by the point out of Minnesota by means of a grant from the Minnesota Section of Work and Economic Development. Partners serving on the advisory committee include things like Community Economic Growth Associates (CEDA), Area Nine Advancement Commission, Retailers Bank – Winona, Minnesota Council of Churches – Tapestry Undertaking and Otto Media Group. Much more than 80 purchasers have graduated from the Prosperity Initiative considering the fact that its launch in 2016.

Purposes are recognized on a rolling foundation, however, to be a part of a cohort of business owners, applications should be submitted by March 20 for an April 11 begin day. A 2nd cohort will open for programs in late August. Whilst business enterprise coaching is supplied for no cost for these with recognized business ideas, there are a constrained quantity of free seats available for the CO.STARTERS part of the program.

To understand extra, and to utilize, go to Get in touch with Kara Sorensen, SMIF’s organization method specialist, at [email protected] or 507-214-7025 with thoughts.