The Hive, in partnership with the Virginia Beach Small, Women-owned, and Minority-owned (SWaM) Office, has launched the Virginia Beach SWaM Office Economic Uplift Capital Accelerator Program. The initiative, managed by AGH Advisory Services, is aimed at stimulating economic development in the local area by providing resources, networking opportunities, educational classes, and financial support to eligible businesses. To qualify, companies must have been in operation for at least two years, be registered and in good standing, and generate a minimum annual revenue of $50,000. Applications are open until April 24th and businesses can apply online.
Introduction
The Hive, in collaboration with the Virginia Beach Small, Women-owned, and Minority-owned (SWaM) Office, proudly announces the Economic Uplift Capital Accelerator Program, a groundbreaking initiative designed to boost economic growth in the Virginia Beach area. Facilitated by AGH Advisory Services, this program aims to offer valuable resources and support to local businesses.
Key Focus Areas
The Economic Uplift Capital Accelerator-Virginia Beach focuses on three key areas:
- Social Capital: Networking opportunities, mentoring sessions, and 1-on-1 consultations will be provided to enhance business connections and partnerships.
- Knowledge Capital: A range of classes will be available, covering topics such as marketing, financial analysis, and wealth building through entrepreneurship.
- Financial Capital: Preparation for equity and debt capital funding will be offered to support businesses in their journey to financial success.
Eligibility Criteria
To be eligible for the program, applicants must meet the following criteria:
- The business must have been in operation for at least two years. Those operating for less than two years will be considered on a case-by-case basis.
- Businesses must be registered and in good standing to operate.
- A minimum annual revenue of $50,000 is required.
Application Process
Applications are open until April 24th, and interested businesses can apply by visiting this link.
Conclusion
The Economic Uplift Capital Accelerator Program presents an exciting opportunity for local entrepreneurs and businesses to access the resources and support necessary for growth and success. The Hive and the Virginia Beach SWaM Office are proud to contribute to the economic development and progress of the community through this initiative.
Question & Answer
What is the Virginia Beach SWaM Office Economic Uplift Capital Accelerator Program?
The Virginia Beach SWaM Office Economic Uplift Capital Accelerator Program is a partnership initiative between The Hive and the Virginia Beach SWaM Office aimed at stimulating economic development in the local area by providing resources, networking opportunities, educational classes, and financial support to eligible businesses.
What are the key focus areas of the Economic Uplift Capital Accelerator Program?
The program focuses on three key areas: Social Capital (networking opportunities and mentoring sessions), Knowledge Capital (educational classes on marketing, financial analysis, and wealth building), and Financial Capital (preparation for equity and debt capital funding).
What are the eligibility criteria for businesses to participate in the program?
Businesses must have been in operation for at least two years, be registered and in good standing, and generate a minimum annual revenue of $50,000 to qualify for the program.
When is the deadline to apply for the Economic Uplift Capital Accelerator Program?
Applications are open until April 24th, and interested businesses can apply online by visiting the provided link.
