Entrepreneurs on Chicago’s West Side get Assistance Launching Businesses
  • Entrepreneurship
  • Money
  • Leadership
    • Career
    • Education
    • Jobs
    • Men
    • Women
  • Technology
  • Lifestyle
  • Events
    • Black Men Xcel
    • Entrepreneurs Summit
    • TechConneXt
    • Women of Power
    • American Black Film Festival
    • ABFF Honors
  • Lists
  • Magazine
  • Videos
  • TV Shows
    • Our World
    • Women of Power
25 black women who are changing the world

January/February 2018

Black Enterprise
  • Entrepreneurship
  • Money
  • Leadership
    • Career
    • Education
    • Jobs
    • Men
    • Women
  • Technology
  • Lifestyle
  • Events
    • Black Men Xcel
    • Entrepreneurs Summit
    • TechConneXt
    • Women of Power
    • American Black Film Festival
    • ABFF Honors
  • Lists
  • Magazine
  • Videos
  • TV Shows
    • Our World
    • Women of Power

Entrepreneurs on Chicago’s West Side get Assistance Launching Businesses

by  C. Daniel Baker
December 10, 2012
Entrepreneurs on Chicago’s West Side get Assistance Launching Businesses

A new program set up by Bethel New Life church and The PrivateBank looks to assist entrepreneurs on Chicago’s West Side with intensive training and access to funds.

30 entrepreneurs from the neighborhoods served by the Bethel New Life Church have been selected for a one-year training program. Participants will attend 15 weekly classes to develop a business plan, work with mentors and join a community of innovators on the West Side. Graduates of this program with at least $1,500 in savings will receive a grant of up to $6,000 dollars and be eligible for up to $10,000 in financing from The PrivateBank’s Entrepreneurial Loan Program.

“By equipping entrepreneurs who have good ideas for new businesses, together we will create critical jobs in our community,” said Lori Vallelunga, President and C.E.O. of Bethel New Life via a printed statement. “We’re working to build a vibrant economy on Chicago’s West Side and we know small businesses are the key.”

One participant plans to launch a contracting business and restore abandoned homes on Chicago’s West Side. “This program will help me hire, train and pay people a livable wage from my community,” Ricky Veal was quoted as saying in a press release about the program. “I love to see the faces of families when you hand them the keys to their own home.”

Vallelunga added, “Our community faces challenging economic conditions, but West Siders have long known that if there aren’t jobs, you create them. Our community has a strong entrepreneurial spirit and track record of small business development. We are excited to provide opportunities for new entrepreneurs to develop the skills and access the resources that they will need to build their business and to strengthen our community.”

“Small businesses employ more than half of the private sector workforce in the United States,” said Larry D. Richman, President and Chief Executive Officer at The PrivateBank via their website. “These new businesses will provide jobs and economic growth in these West Side communities.”

 

Join the Conversation


MORE ON BlackEnterprise.com
Founder, Christian Annice (Image: eMillions+)
Money
Four Tips to Increase Your Credit Score From a Credit Expert
by  Sequoia Blodgett
Education
The People Who Argue Against Education Have All Been Educated
by  Robin White Goode
Career
Why Now Is the Time to Get Ready for 2019 Goals
by  Shakira M. Brown

BETV

TRENDING

  • Baltimore May Sell Homes for $1 to Revive Neglected…
  • Spotify is Looking for New Female Podcasters of Color
  • Meet Melissa Harville-Lebron: The First Black Woman to Own a
  • Free Money? The Top 10 Grants Available to Black, Minority…
  • 7 Top Grants Or Free Money For Black Women Entrepreneurs
  • U.S. Small Business Administration and Milken Institute…
  • 5 Books Every Millennial Entrepreneur Must Read
  • Top WNBA Salaries vs. NBA Salaries: Who Earns More? [2017…
  • Meet the Dallas Mavericks’ New CEO
  • Chance the Rapper Hosts Holiday Party to Help the Homeless
Entrepreneurs Summit
Women of Power WOMEN OF POWER SUMMIT
Entrepreneurs Summit ENTREPRENEURS SUMMIT
American Black File Festival AMERICAN BLACK FILM FESTIVAL
Our World OUR WORLD WITH BLACK ENTERPRISE
Women of Power TV WOMEN OF POWER TV
25 black women who are changing the world
SUBSCRIBE
GIVE A GIFT
CUSTOMER SERVICE
  • © 2018
  • BLACK ENTERPRISE
  • Management
  • About
  • Privacy Policy
  • Contact
  • Site Map
  • Masthead
  • Media Kit