Join us in celebrating and congratulating the 9th Cohort of the Fuerza Local Business Accelerator, a program of the Local First Arizona Foundation, in their graduation. Welcome the newest members of Fuerza Local and celebrate current members as well. All Local First Arizona and Fuerza Local members are invited to the celebration and encouraged to create connections and possibly form some very beneficial alliances with other businesses.
The 9th Cohort is one of the largest with approximately 60 students and roughly 40 different businesses from restaurants and catering to tile and tech this cohort of graduates is well on their way to success.
Before the official ceremony, students will have samples of their products and/or services. The expo will serve as a presentation of their products and services to better familiarize the attendees present. Support students and come to know their businesses, there is great potential to establish partnerships between entrepreneurs. Appetizers will be included.
¡Felicidades a la 9ª generación del Acelerador de Negocios! Acompáñenos a celebrar la graduación de la novena generación del Acelerador de Negocios de Fuerza Local en enero para darle la bienvenida a nuevos miembros y celebrar a miembros actuales. Todos los miembros de Fuerza Local están invitados a compartir en la celebración y crear conexiones con otros negocios.
La novena generación es una de las más grandes con aproximadamente 60 alumnos. La graduación también servirá como reunión empresarial para que nuestros nuevos miembros y miembros actuales se conozcan y puedan establecer relaciones profesionales.
Antes de la ceremonia oficial, los alumnos tendrán muestras de sus productos o servicios. El expo servirá para darles exposición a sus negocios. Apoya a los alumnos y ven a conocer sus negocios, existe un gran potencial para establecer alianzas entre empresarios. Aperitivos serán incluidos.
About the Fuerza Local Business Accelerator:
Fuerza Local is a six-month Business Accelerator program designed to teach underserved micro-entrepreneurs important basics for financial literacy and business development. Participants attend weekly classes on a variety of topics including marketing, business planning, cash flow management, and many more. Participants also gain critically important literacy through participating in a lending circle, which requires them to make on-time payments every month they are in the program. These payments are reported to Experian, building a credit history for the small business owner, often for the first time. Their savings is then matched by a scholarship from the Local First Arizona Foundation. Each graduate is offered the opportunity to access credit at fair market rates through several partnering financial institutions in lieu of any previous credit history.
Local First Arizona Foundation launched the Fuerza Local Business Accelerator in 2013 as a direct response to the in ux of predatory lenders that target low- income Latinos who often lack financial literacy and access to resources that help build thriving businesses.
Investing in underserved communities through entrepreneurship is a successful strategy that in just four years has seen incredible job creation and business expansion, along with a reduction in reliance on social services. Creating opportunities for small business development in low-income communities helps build an Arizona we are proud to call home.