United Way Southeast Louisiana Boosts Black-Owned Businesses with …

United Way of Southeast Louisiana (UWSELA) is now accepting applications for its Thriving African American Small Business (TAASB) Initiative, a transformative program designed to enhance the profitability and sustainability of local Black-owned businesses. This initiative, which launched last year, combines financial support with educational resources to empower entrepreneurs and promote economic equity. With a deadline of March 22 for applications, the program aims to replicate the success of its inaugural cohort, which saw immediate capital growth for participants. Advertisment Empowering Economic Growth The first cohort of the TAASB Initiative, comprising 13 participants from various sectors, was a testament to the program’s potential to catalyze business growth. Participants were able to pitch their business models, resulting in over $150,000 in immediate business capital through exclusive development accounts. In a move to further support these entrepreneurs, UWSELA offers a $10,000 match for advancement opportunities and business expenses, contingent upon participants saving $2,000 and fulfilling a seven-month commitment to the program’s requirements. This approach not only provides immediate financial benefits but also encourages prudent financial management and planning. Criteria for Application and Supportive Resources Advertisment The TAASB Initiative sets forth specific eligibility criteria to ensure that the support reaches its intended beneficiaries. Applicants...