10 Louisiana Businesses Selected for 2nd Annual Rural Entrepreneurship Program
[ Article was originally posted on www.opportunitylouisiana.com ]
Ten small businesses from across the state have been selected to participate in the second annual Rural Entrepreneurship Initiative, an LED program that helps local companies overcome challenges unique to rural communities.
Program participants are considered second-stage businesses, which typically have 10 to 99 employees and are poised for further growth, often spurred by expansion to out-of-state markets. The initiative, conducted in partnership with the Edward Lowe Foundation, is designed to address issues that are common to all small businesses but often magnified in rural areas, such as targeting new opportunities, sustaining growth, expanding a team and marketing digitally.
“Rural businesses play a key role in Louisiana’s ongoing economic growth and diversification,” LED Secretary Don Pierson said. “Our commitment to rural revitalization remains a strategic priority, and our partnership with the Edward Lowe Foundation is one of the many ways we leverage available resources. Today, the state can spur rural economic growth by providing rural entrepreneurs with state-of-the-art tools and more of the critical resources they need to be successful.”
The businesses selected to participate in the 2022 Rural Entrepreneurship Initiative are:
The program includes an opening retreat (held May 17-19), and three professionally facilitated virtual roundtables each month. Participants also have the opportunity to work with LED’s System for Integrated Growth, which provides one-on-one access to expert specialists who generate customized information aligned with specific company needs. The initiative closes with a final meeting featuring presentations from participants about business goals and plans.
“I am encouraged by the growing awareness of a great mutual benefit shared by small business and our rural communities,” said Patrick Witty, Director of the LED Small Business and Community Services division. “This initiative addresses common challenges that its participants face, and their collaboration is uncovering new ways to meet those challenges.”
Upon completion of the program, participating companies join the LED Growth Network, a statewide alumni group that consists of more than 550 companies generating nearly $4 billion in annual sales and employing more than 20,000 full-time equivalent employees.
LED and the Edward Lowe Foundation hope to expand the initiative to more companies and communities in future years. For more information on the LED Rural Entrepreneurship Initiative program, contact Christopher Cassagne, assistant director of Small Business Services, at 225.342.5882 or email Christopher.Cassagne@la.gov.
About The Edward Lowe Foundation
Back To News
© 2022 Small Business Exchange, Inc.