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The University of Louisiana at Monroe is getting $1 million from the feds to expand its business incubator and help more low-income businesses get off the ground, the Times-Picayune reports.
"My number one mission in Congress is to give back to our communities," US Rep.
Julia Letlow says in a press release.
"My office and I worked hard to secure the millions in funding that will be crucial for Louisiana's economic growth and prosperity."
The money will go to ULM's entrepreneurial expansion and a business incubator, according to KNOE.
The incubator will help low-income businesses get off the ground by providing them with mentors, investors, and other support.
The money will also go to upgrade existing space for K-12 institutions, establish entrepreneurship among youth, and build a resource center for under-represented populations.
"The impacts of working together to enhance the small business ecosystem and create space for entry-level and new businesses to grow and expand will create a stronger economy for our region," says Monroe Mayor Jamie Ellis.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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The passing of my father was a transformative moment for me.This perspective shift is why I now dedicate much of my energy to youth programs and community development.I've leaned heavily on...more
Dobbs announced the need for volunteers at the Central Arkansas Veterans Healthcare System for Compassionate Contact Corps.Volunteers are matched with veterans that are experiencing loneliness or are...more
Jefferson Parish Young Marines receive national honors.Sgt.Taylor Science and Technology Academy, was named the Honor Graduate for the Young Marines 2025 National Leadership Academy-Senior Leadership...more
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Social Entrepreneurship
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
