Women’s Economic Mobility Hub

AllFundingGrantsFor BusinessesFor Women
Written By Drew Smith

Resource Name: Women’s Economic Mobility Hub

Description:

The Women’s Economic Mobility Hub (WEM Hub) is designed to support women entrepreneurs from underserved communities, with a priority in the Arkansas Delta region, by providing technical assistance along with additional resources, including $5,000 in unrestricted grant funds to help scale their businesses.

An ideal WEM Hub participant will be able to commit to a seven-month program in which underserved women entrepreneurs can access tailored support services through a combination of online trainings and in-person meetings, including:

  • Expert advice from leading industry professionals surrounding topics such as marketing & communications; accounting and financial management; business development; legal services; access the capital; and more;

  • Ongoing mentorship support and counsel;

  • Peer to peer learning sessions;

  • Communications, public relations, and marketing training;

  • Leadership skill development; and

  • Opportunity to establish a relationship with participating financial institutions.

Who Can Apply?

Any women-owned business in the state of Arkansas that meets the eligibility requirements below, with priority given to women business owners in the Arkansas Delta or other underserved areas in the state. 

  1. Must be able to participate in (via teleconference) six, two-hour monthly WEM Hub sessions, which will include engaging and interactive  technical assistance and business education sessions. These sessions are typically held monthly via Zoom on Thursday evenings from 5:30-7:30pm. 

  2. Must be able to participate in required in-person WEM Hub Orientation/ Welcome Reception and Closing Reception, which will be held in person in Central Arkansas in mid-July and mid-January, respectively.  Exact date and location to be determined. 

  3. Must be an existing business in which 75% is owned and operated by one or more women who are U.S. citizens.

  4. Must be a bona-fide registered business operating for more than one year within the state of Arkansas.

  5. Must be an entity operating as a for-profit corporation, partnership, LLP or LLC, or sole proprietorship. Not-for-profit corporations or similar non-profit entities are not eligible.

  6. Must be in good standing with the Arkansas Secretary of State and be current on all county, state, and federal taxes.

Website: https://womensfoundationarkansas.org/initiatives/women-empowered/#wem-hub

 
Drew Smith
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