PROVIDENCE – Mayor Jorge O. Elorza announced the creation of the PVD Self-Employment Program, with the expectation that it will provide up to 100 unemployed and under-employed Providence residents with the entrepreneurship training and support.
“Small businesses are a driver of economic growth, and when they succeed our city succeeds,” said Elorza in a statement. “This is a great opportunity for aspiring entrepreneurs who want to gain important skills and education to successfully launch and grow their business.”
The program is funded with $100,000 of Community Development Block Grant funding through the Providence Office of Economic Opportunity. It will be administered by the Center for Women and Enterprise. The program is open to both men and women.
The program will consist of two phases that will focus on business planning and business mentorship.
“The PVD Self-Employment program will not only provide participants with tools needed to start their own business but also help create economic activity resulting in new businesses, new jobs and increase wages in our communities,” said Maryellen O’Mahony, director, CWE Rhode Island in a statement.
The first phase, the business planning program, will consist of a three-week course that will walk participants through the creation of a bank-ready business plan. Classes will take place Monday through Thursday. The program will also consist of independent work and research on Fridays.
The program is expected to start within two to four weeks, according to Victor Morente, a spokesman for the Mayor’s Office. Morente also said that the city expects the first cohort through the program to consist of 10-12 participants.
Following graduation from the three-week course, participants will begin a six-week mentoring program. The program will consist of twice-a-week mandatory meetings, meetings with a business mentor and attending workshops.
To find out more information or to apply, visit the PVD Self Employment Program website or contact the Providence Mayor’s Center for City Services.
Chris Bergenheim is the PBN web editor.