New businesses to receive free financial guidance

Grant Allows Businesses Financial Help

JONESBORO, Ark. (KAIT) - The Arkansas Small Business and Technology Development Center on the A-State campus is using a $100,000 federal grant to help local businesses grow.

The Small Growth Accelerator grant will allow the center to select 10 businesses in Craighead, Crittenden, and Mississippi counties for help.

A total of 30 businesses will get financial advice, according to Director Laura Miller.

“This gives us a chance to work with them on planning for growth, marketing to their customers, financing and cash flow and bringing in other resource partners,” she said.

The businesses must meet certain qualifications to be considered, including being operational for at least one year but no more than five years.

Miller says since the economy is doing well, new businesses sometimes get overlooked.

“Business education for those business owners is so important so they know where to go for those resources,” she said. “If problems or concerns do arise at some point in time, they know there’s help out there and they’re not just struggling on their own.”

Work in these counties will be in stages:

  • Craighead County: May-June
  • Mississippi County: August-September
  • Crittenden County: September-October

Selected businesses will be guaranteed a one-page strategic growth plan.

Applications for businesses will be made available on March 1. Those accepted will be notified in April.

For more information, contact Miller’s office at 870-972-3517.

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