Drake State has partnered with the Catalyst Center to provide business training and an Entrepreneurship Certificate program at no cost to eligible small disadvantaged businesses.
The Small Business Administration awarded the Catalyst a $350,000 one-year grant with four option years to administer the 7(j) M&TA Program ($1.75M if fully funded). The 7(j) Management & Technical Assistance (M&TA) Program grant provides for one-on-one customized coaching, business training and networking/matchmaking opportunities.
Other grant partners include: Neighborhood Concepts and Redstone Federal Credit Union, which will provide loans through the Business Assistance Microloan (BAM) Program; Live Oak Bank will provide support relative to mergers, acquisitions and growth through contract mobilization; Regions will provide facilities for workshops, business coaches and assistance in reaching low-to-moderate income individuals within their North Alabama footprint.
Businesses must meet one of the criteria to be eligible to participate:
To learn more about the program and to apply, business owners should contact the Catalyst Center at 256-428-8195.