Investing in the Latino Entrepreneurial Spirit
NALCAB's National Latino Entrepreneurship program was created to invest in the expansion and coordination of small business assistance programs in predominantly Latino communities across the country. The grants awarded may also support housing development and/or building family assets.
NALCAB's existing network of approximately 90 community and economic development organizations includes more than 40 local small business-serving organizations. NALCAB's member organizations support small business owners on a local or regional level by:
- Reducing barriers to market entry (through small business training and technical assistance),
- Increasing access to capital and building credit (through micro-lending), and
- Creating access to markets (by developing commercial corridors, incubators and public markets).
In an effort to support the Latino entrepreneurial spirit, NALCAB provides pass through grants to nonprofits to enhance local small business support programs and/or the development of culturally and linguistically-relevant curriculum.
In 2011, NALCAB received support from Sam's Club, the Open Society Foundations and the Northwest Area Foundation to award a total of $335,000 to 19 eligible community development organizations to expand their existing entrepreneurship programs and/or services. Learn more about the 2011 grantees.
Some examples of programs to be funded include:
- Providing small business technology training to Latino entrepreneurs, including e-commerce training, QuickBooks, and Excel.
- Programs will continue training in financial literacy.
- Provide skills training in cash flow management, setting performance metrics, producing budgets, overhead factoring and breakeven analysis to properly price products or services.
Phone: (210) 227-1010 x1013