VIGO COUNTY, Ind. (WTWO/WAWV) — A local entrepreneurial education effort in the Wabash Valley has received a financial boost as part of a statewide grant program.
The Indiana Economic Development Corporation will be giving Chances and Services For Youth $10,000 to assist in the Wabash Valley Lemonade Day. Lemonade day allows elementary students to participate in a small business training course, meet with a local bank to get a business loan, and then operate their small business in an effort to teach the many facets of operating a business.
“Indiana has been recognized as the best state in the U.S. to start a business, and we’re
leaning in even further to ensure that all Hoosiers have equal access and opportunity in their
entrepreneurial journey,” Indiana Secretary of Commerce David Rosenberg said. “The Community Collaboration Fund is yet another resource that community-focused entrepreneur organizations across the state can leverage to provide direct support to aspiring entrepreneurs, startups and growing small businesses and to help ensure the continued success of Hoosier innovators statewide.”
Program eligibility required the following;
- Projects must be a new initiative or an expansion of existing services.
- A collaboration between two or more support organizations.
- Provide direct entrepreneur support, focus on entrepreneur education, connection or acceleration.
- Provide at least a 25% funding match.
- Have developed metrics and budgets.
- Be completed within nine months of funds being awarded.
Statewide, the IEDC granted a total of $500,000 to various organizations and programs.