Lowcountry Local First Earns SBA Growth Accelerator Funding
Aug 4, 2015
On August 4, 2015, the U.S. Small Business Administration (SBA) announced 80 winners of the second annual Growth Accelerator Fund Competition. The purpose of the competition was to draw attention and funding to parts of the country where there are gaps in the entrepreneurial ecosystem. The recipients represent 39 states, the District of Columbia and Puerto Rico.
Applications were judged by more than 40 experts with entrepreneurial, investment, startup, economic development, capital formation and academic backgrounds from both the public and private sector. The first panel of judges reviewed over 400 applications and presentations and established a pool of 180 highly qualified finalists. The second panel evaluated the finalists’ presentations and pitch videos and selected the 80 winners. Lowcountry Local First’s Local Works coworking space was one of three growth accelerators chosen from South Carolina.
Local Works is an open-sector coworking space for entrepreneurs and start-ups. “Local Works supports groups often underrepresented in traditional coworking or accelerator spaces, including Main Street entrepreneurs, women, farmers, makers and other businesses that create the majority of jobs in the community. We are thrilled to have been chosen by the US Small Business Administration as one of 80 winners across the US supporting a diverse group of small business owners,” shared Jamee Haley, Executive Director of Lowcountry Local First. The 3,000 square foot facility currently hosts 30 entrepreneurs from 16 different industries and is comprised of 60% women-owned businesses.
“The entrepreneurial ecosystem in America is incredibly exciting and very powerful,” said Javier Saade, Associate Administrator for Office of Investment and Innovation. “Administrator Contreras-Sweet and I welcome this year’s Growth Accelerator Fund Competition winners and the important and inclusive work they do in support of innovative and high-growth small businesses.”
The full list of winners and more details can be found at www.sba.gov/accelerators.
LOCAL BUSINESSES, MAKERS AND FUNDERS BEHIND LOCAL WORKS
Abide-A-While; Alloneword Design; Barr, Unger, McIntosh; Bill’s Custom Woodworking; Charleston County; City of Charleston; Cole Flodin; David Thompson Architect; Dominic Franceschi; Dwelling; Fine Rugs of Charleston; Fisher Recycling; GDC Home; Landrum; Limehouse Produce; Luxury Simplified; Molufs Supply; Neilson Wilkinson; Palmetto Tile; Perrin Woodworking; Pirate’s Forge; Solid Renovations; SC Community Loan Fund; SC Department of Commerce; Turnkey Creative; Wilson Carpet Plus; World Granite; Wulbern-Koval