Participants Key to Reaching Goal of 120 New Minority and Women-Owned Regional Businesses
Wilmington, NC – Genesis Block, Wilmington’s new community collaborative working to grow minority and women-owned businesses, is recruiting now for their first small business accelerator cohort.Ten small businesses, each minority-owned, will be selected for the 16-week course. Originally developed as a $5000 tuition value, it is being offered for free through a grant from NC Idea.
“Our program is designed to drive focus for minority small business owners and expose opportunities that had not been seen before,” said Girard Newkirk, co-founder of Genesis Block. “We’ll work to assure their customer solution fits their market and help them accelerate growth. Perhaps the greatest long term benefit they’ll have is the access we’ll provide to essential resources from within our region.”
Genesis Block has a three-year goal to help boost companies owned by minorities, helping them create 400 jobs and add $13 million in investment to the economy in Southeastern North Carolina. One pillar of that challenge is to graduate 120 current businesses from the Back on the Block Accelerator program over the next three years.
“Community prosperity will come from the development of a strong minority middle class,” said Tracey Newkirk, co-founder of Genesis Block. “If we double the revenue of those companies participating our in accelerators, the tax base grows along with it, and jobs grow 3-5x. It can’t be done without a creative and collaborative community that is dedicated to equal access to entrepreneurship. That’s our agenda, and how we will enable our cohorts.”
Genesis Block encourages applications from all small business owners who wish to grow. They specify that this first cohort will include at least 60% black-owned businesses. The deadline for applications is January 8, 2021. Application forms can be found by clicking here. Frequently asked questions are answered on a PDF located here.
About Genesis Block
Genesis Block is on a mission to Build the Entrepreneur Class for women and minorities, block by block. Located in Wilmington, NC, the organization serves the entirety of southeastern North Carolina. Housing private offices, open workspaces, meeting rooms and networking spaces is one of three pillars on which community is developed. The company also offers Genesis Block Entrepreneur Academy, supporting early-stage entrepreneurs and small business owners. Its Back on the Block Minority Accelerator, the third pillar, provides a 16-week content-dense and hands-on course for underserved small business owners. More information is available at www.GenesisBlockILM.com.