BATON ROUGE - Fifteen small businesses from across Louisiana have been selected to participate in the third annual Diversity in Entrepreneurship Initiative, a Louisiana Economic Development program targeting accelerated business growth for minority- and women-owned companies.
This year’s initiative launched Nov. 14 via a partnership between LED and the Michigan-based Edward Lowe Foundation.
The participating firms are considered second-stage businesses. Second-stage firms typically have 10 to 99 employees and are poised for further growth often spurred by selling products and services in out-of-state markets and bringing new dollars back to their communities.
Common issues for second-stage businesses include building a management team, sustaining growth and focusing on new opportunities.
This year’s group comprises a diverse range of industries including advertising, marketing, mental health services, software development and manufacturing. (Louisiana Economic Development 11/15/23) 15 Louisiana Businesses Selected for 2023 Diversity in Entrepreneurship Initiative - Biz New Orleans
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