“Louisville’s minority inhabitants is woefully underrepresented in our enterprise group,” Mayor Greg Fischer stated
LOUISVILLE, Ky. — Louisville Metro Authorities is searching for proposals for a enterprise incubator, hoping to assist native minority-owned companies develop.
Roughly 22.4% of Louisville’s inhabitants is Black however solely 2.4% of companies are Black-owned.
“Louisville’s minority inhabitants is woefully underrepresented in our enterprise group,” Mayor Greg Fischer stated in a launch. “Traditionally, that hole has been brought on by institutionally racist insurance policies that put up obstacles to the capital, mentorship or companies that others have had for many years. We should do higher in breaking down these insurance policies and offering sources, human and monetary, that may assist our Black and Latinx communities construct generational wealth.”
The town issued a Request for Proposal with $100,000 accessible for a number of organizations to offer the incubator, emphasizing Black-owned companies. The incubator would offer sources like enterprise planning, mentoring, and networking.
“We have now quite a lot of useful resource suppliers, so making an attempt to carry that into one place, a bodily place, in addition to a digital place, the place minority enterprise house owners can increase their hand, study what must be accomplished, know tips on how to put one foot in entrance of the following with a purpose to open and develop their enterprise,” Rebecca Fleischaker, co-chief of Louisville Ahead, stated.
The Request for Proposal will shut on April 30. Go to the RFP portal for extra info.