Transforming lives and building sustainable communities through business ownership.
Lowcountry Local First’s Good Enterprises Initiative will be a catalyst for reshaping the region’s entrepreneurial ecosystem to one that provides equitable opportunity for business ownership, in order to transform lives and communities.
The Good Enterprises Initiative will launch in 2019, with the first Community Business Academy to start in September in the Chicora-Cherokee neighborhood. Class seats are limited. Complete this brief form in order to receive early notice of registration details. To learn more, please contact Jamee Haley at Jamee@LowcountryLocalFirst.org with “Good Enterprises” in the subject line.
A Local Challenge:
• Charleston demonstrated the 5th fastest growing gap between rich and poor residents in the US from 2011-2016.
• Median income levels for African-American and Hispanic households in Charleston County are less than half that of white households.
• There is a significant gap in our entrepreneurial ecosystem, one that provides opportunity for minority and low-income individuals to improve their lives through entrepreneurship.
A Local Opportunity:
Through the adoption of a nationally recognized and proven curriculum, one-on-one coaching, and an access to capital model, Good Enterprises will have the tools to support economic development opportunities directly in the communities that are in most need. Good Enterprises will be a catalyst for reshaping the region’s entrepreneurial ecosystem to one that provides equitable opportunity for business ownership, in order to transform lives and communities.
The Community Business Academy (CBA):
• The 12-week course will cover business fundamentals like budgeting, marketing, bookkeeping, and financing.
• Taught by instructors with first-hand experience as small business owners.
• Classes will be taught in both English and Spanish and offered weeknights or Saturday mornings.
• All students receive a tuition waiver, thanks to our generous donors.
Business Acceleration Services (BAS):
• Entrepreneurs can work one-on-one with a coach to set objectives, create a plan, and take meaningful steps towards accomplishing their goals and moving their business forward.
• Entrepreneurs participating in BAS will gain:
• Continuous learning through advanced seminars and master classes
• Networking and mentorship opportunities
• Procurement and sales opportunities
• Coworking opportunity at Local Works
Credit to Capital:
• Financial Analysis: We prepare entrepreneurs to connect with our network of lending partners for credit-building, business start-up, and expansion.
• Partners include: Local Development Corporations, SC Community Loan Fund, Community Banks and Credit Unions, SBA
• Loan Packaging: Through individualized business coaching we assist entrepreneurs to identify their best financing options and guide them through the application process.
Complete this brief form in order to receive early notice of registration details. To learn more, please contact Jamee Haley at Jamee@LowcountryLocalFirst.org with “Good Enterprises” in the subject line.
Press coverage of Good Enterprises:
– “Lowcountry Local First hopes its Community Business Academy will help cultivate local entrepreneurs” – Charleston City Paper, February 18, 2019
– “Lowcountry Local First to launch new Good Enterprises Initiative in fall 2019” – The Charleston Chronicle, Feb 22, 2019
– “Lowcountry Local First launches business academy” – Charleston Regional Business Journal, March 5, 2019
– “Avenue for Change” – Charleston Magazine March 2019 issue