Increase business ownership among minorities, women, dislocated workers and disabled individuals by providing an intensive program of classroom training, technical assistance and ongoing business support during enterprise formation.
- Increase number of new businesses owned by minorities, women, dislocated workers and disabled persons
- Expand sales and employment levels of minority and women owned firms during the first 1-5 years of operation (critical years)
- Decrease the business failure rates among firms owned by minorities and women
What EAP Does?
- Assist aspiring entrepreneurs in refining the business idea, preparing the business plan and developing the new business
- Help transform home-based, informal businesses into viable enterprises
- Assist micro-enterprises to expand into small scale growth companies
What Gap EAP Fills?
- Basic business skills development
- Handholding in planning and development of new business venture
- Ongoing management coaching once the business is operating
- “Bootstrap” financing assistance for entrepreneurs with limited recourses
- Community outreach
- Entrepreneurship training
- Technical Assistance
- Client tracking and evaluation
- Assistance in accessing financing