After the workshop, attendees are encouraged to develop their complete business plan and submit it by May 1 to be eligible for the $1,000 grant provided by the University Area Community Development Corporation, Inc.’s (UACDC) INVEST: University Area Microloan Program. This grant marks the launch of the new program. Hillsborough County residents attending the workshop are eligible to win and grant funds are designated for business-related expenses only.
The winner of the grant will be decided by the program’s committee, comprised of UACDC board members and a member of the SBIC. Over the next twelve months, the program will provide $20,000 in microloans to University Area small businesses, giving them access to capital at interest rates not found anywhere else.
“The INVEST: University Area Microloan Program is not only lending a hand of support, but offering a partnership for those who deserve a second chance. Spurring economic activity of local, small businesses will promote self-sufficiency among residents and provide another anchoring stake or residents in the community,” said UACDC’s Executive Director & CEO, Dan Jurman. “The Small Business Information Center has always stood by us, and we know they will be an integral part of continuing to develop more and better businesses in the University Area as they have been across Hillsborough County.”