For small businesses in El Paso County seeking to scale up, a notable opportunity is on the horizon. Exponential Impact, in collaboration with the City of Colorado Springs, announced the opening of applications for the "Survive and Thrive: Accelerate COS" summer cohort, a program aiming to foster small business growth through financial support and educational programs. As reported by the City of Colorado Springs, the application window for this resourceful initiative runs from April 28 to May 30, providing an opportunity for entrepreneurs to secure up to $50,000 in the form of low-interest, non-collateralized loans.
Eligibility for this opportunity extends to local businesses headquartered in El Paso County that have fewer than 50 full-time employees and have generated a minimum of six months' operational revenue. Shawna Lippert, Economic Development Manager at the City of Colorado Springs, shared the city's enthusiasm in a statement, "The City of Colorado Springs is excited to continue its partnership with Exponential Impact to support our small business community through the Survive and Thrive: Accelerate COS program."
The program is more than just a financial booster; it promises an eight-week entrepreneurial support program focused on addressing various aspects of running a business. Besides the financial benefits, cohort members will participate in sessions covering finance, leadership, marketing, operations, and personal growth – held on Wednesdays from 1-3 p.m. from July 9 to August 27, with program graduation scheduled for September 3.
For those seeking more information or ready to take the plunge into this growth opportunity, weekly info and Q&A sessions will be held throughout the application period. Interested parties can apply or find more details at the official website.
