Community Development Digest

Business Development & Retention

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How Crowdfunding Can Help Kickstart Company Growth

Long-awaited SEC rules made public last week will allow U.S. businesses to engage in equity-based crowdfunding (in exchange for stock in the company).

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Women-Led Firms Tagged for Startup Accelerator Experience

Five women-led companies have been selected to participate in Prosper Women Entrepreneurs’ (PWE) Spring 2016 cohort. Each of the five companies will receive a $50,000 capital investment. Participants will also gain access to world-renowned mentors, resources, introductions, and a customized curriculum to achieve greater success in building their business and raising follow-on capital.

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New Law’s Programs to Focus on High-Tech Employment

Newly enacted legislation in Vermont includes two new programs to support the establishment and growth of local firms and high-tech companies.

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HUD's 'Strong Cities' Initiatve Expands

HUD expands its Strong Cities, Strong Communities Initiative to include seven new cities. The program, designed to help cities effectively invest in existing resources, coordinate federal investments and help form new partnerships in economically distressed areas, will now cover Brownsville, TX; F...

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Workforce Development Legislation Proposed in Wisconsin

The proposed legislation would provide $15 million in grant money over two years to job training programs across the state.

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Detroit Releases Blueprint for Revitalization

To increase economic growth, for example, the plan offers suggestions for creating employment districts and locations throughout the city that would promote economic opportunities in certain areas like global trade, information technology, and healthcare. The plan also calls for encouraging local entrepreneurship and minority business participation.

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Group Focuses on Economic Development in NC

The Alliance's board of directors includes former North Carolina governors, civic leaders, current and former municipal leaders, as well as current and former members of the General Assembly.

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Southeastern Virginia Poised for Continued Growth

The region, which includes five counties and three cities, is home to the Commonwealth Center for Advanced Manufacturing, or CCAM, which is a partnership between industry and academia that serves as a model for future economic development initiatives.

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African American Entrepreneurship Focus of Pittsburgh Effort

The organization is trying to find ways to programmatically address wealth disparities, while also providing support and services for new business owners who have been historically disenfranchised.

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Immigrant Start-ups Decline Nationally, But DC Area Sees Increase

But organizers at the Latino Economic Development Corporation in Wheaton, MD, say they have seen increased interest in business and entrepreneurship classes in recent months from their clients, many of whom are immigrants who have been in the country for many years.

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