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Posted on: August 9, 2017

City launches 'Neighborhood Business Accelerator'

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Do you have a neighborhood-based business?  If so, Accelerate Dayton may be for you. The new initiative is looking for one entrepreneur from each quadrant of the city (northeast, southeast, southwest and northwest) to receive up to $10,000 in consulting services through The Entrepreneurs Center to help grow your business!

This pilot program seeks to support existing neighborhood businesses by identifying barriers and developing strategies that can lead to job creation and wealth generation. These businesses may be home-based entrepreneurs or other small businesses with potential to grow.

The program is open to home-based entrepreneurs and small neighborhood businesses owned and operated by Dayton residents and located in the city of Dayton. Examples of eligible neighborhood businesses may include (but are not limited to): retail sales, food service or catering, sewing or tailoring services, daycare providers, landscaping services, barbershops or hair salons, legal or accounting services, home improvement contractors, other artisan/craft services, etc. (Downtown Dayton businesses are specifically excluded from this program; adult-oriented businesses such as nightclubs, liquor stores, and vape or hookah shops are also excluded.)

Each application will be evaluated by a review panel. The panel will select up to eight finalists based on the business model and the potential benefit to the community. Selected entrepreneurs will be invited to attend a Saturday morning “pitch event” where they will meet with City staff and local business support organizations. Those entrepreneurs will have the opportunity to talk about their businesses and network with business experts and owners.

After the event, the review panel will select up to four top entrepreneurs, one from each quadrant of the city, who will be matched with a business advisor (or coach) to develop an action plan for their business. Once a final action plan is approved in writing by the City, those top businesses will receive up to $10,000 of contracted business development services based on the action plan.  


Submit an online application here.


Deadline
Completed applications must be signed and delivered to the City of Dayton Department of Economic Development, 101 W. Third St., Dayton, Ohio 45402 (or postmarked) by no later than November 13, 2017, at 3 p.m. (or complete the online application at the link above).

Contact
Veronica Morris or Keith Klein, Senior Development Specialists
Dept. of Economic Development
937-333-3634




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