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Elevator Grant - 8th Annual Conference - Lorain County Community College, OH
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Entrepreneruship Now: From Layoff to Lauch

Posted By Erin Corwin, Monday, April 4, 2011
We have had a productive couple of months with the Entrepreneurship NOW: From Layoff to Launch program. We had seven dislocated workers start the program and recently completed the Basic Start Your Business Bootcamp session. They were among 12 completing the Bootcamp course.

Of the seven, there are four females and three males, and the average age is 43.  The prior work backgrounds of the participants are largely from the fields of engineering, manufacturing, factory work and construction. Other backgrounds include entertainment and social services.  All of them would like to start or grow their business idea in Lorain County and have a variety of business ideas including a resale clothing shop, a restaurant, a trucking business, and a "green” construction consulting business. The participants came away from the Bootcamp session with many positive thoughts and the knowledge that there is more work to be done. This work includes learning more about registering with the state, finding a location, determining exact start up costs, writing a business plan, and better utilizing the resources of GLIDE and the local SBDC.

We continue to enroll people into the program and will offer at least two more Basic Bootcamps before June. We will assist the current and future participants follow up on the Bootcamp through the Coleman grant and beyond by working to connect them with mentors from GLIDE, the Innovation Fund, as well as our local entrepreneurial community to assist them in setting and reaching their goals. They will also be linked to area resources to assist them in successfully taking their ideas and business plans through the necessary steps to get started or continue.

Starting in August participants will have the opportunity to apply for a small grant to support their growing endeavor through a competitive grant process.

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