Applications Open For Hennepin County Program That Helps Businesses Move To Next Level
September 8, 2019
Privately held businesses with between 10 and 99 employees and $1 million-$50 million in revenue are invited to apply for a Hennepin County program that helps second-stage businesses move to the next level. Deadline to apply for the 2019-2020 program is Sept 30, 2019.
For eight years, Hennepin County has partnered with the Edward Lowe Foundation to provide scholarships to businesses owners for business research combined with peer learning and forums. Regional partners include Ramsey, Scott, and Dakota Counties.
The program, formerly known as “Economic Gardening,” has been renamed “CEO Next Business Institute” to more accurately reflect the services provided. Other improvements include an increased emphasis on operational support in the research component of the program, or “System for Integrated Growth.”
The agreement with the Edward Lowe Foundation will provide for continuity of services for up to three program years at a total cost of up to $720,000, contingent upon annually approved budget authority and partner resources,
From 2011-2019, the regional partnership has supported 112 business, which provide 1,700 jobs, and supported the creation 650 new jobs.