Virtual Incubator Program
Diverse businesses have historically encountered many obstacles to success, and these obstacles have become even more apparent in recent months. To help battle these injustices the Union County Economic Development Corp., UCEDC, a non-profit economic development company, has developed a Virtual Incubator Program (VIP). The VIP will allow 10 businesses with ownership from an underserved population the opportunity to sustain themselves through these trying economic times by offering education and access to capital.
Upon completion of this 8-week program, which includes virtual training sessions and both group and one-on-one counseling, participants will gain access to an exclusive loan program from UCEDC created specifically for VIP graduates.
Qualified VIP Candidates Must:
- Business must have majority ownership by an under-served individual or group of individuals (Asian, Black, Hispanic, LGBTQ, Native American, Native Hawaiian/Pacific Islander, Veteran)
- Business must be located and perform the majority of their operations in New Jersey Must be in business for 2 years (forced closure from pandemic does not count)
- Must have been operating profitably, or at break-even, prior to the pandemic
- Must be willing to participate fully in the program as outlined below (failure to fully participate will result in removal from the program)
- Must provide most recent personal tax return, and two years of business tax returns
The fifth session of the VIP will run from Wednesday, February 8 -Wednesday, March 29, 2023, from 10:30 a.m. – 12:30 p.m.
The application deadline is Wednesday, January 11, 2023. If you or someone you know can benefit from this program, please apply on line: ucedc.com/ucedcs-virtual-incubator-program/
