Private economic development organization Jonesboro Unlimited announced it has been awarded a $700,000 federal grant to support small business development and expansion.
The funds from the U.S. Department of Commerce’s Economic Development Administration will support the JumpStart Partnership, which aims to help local entrepreneurs and small business owners find the assistance they need to get started and grow.
The initiative will act as a single resource to connect entrepreneurs with service providers across northeast Arkansas. Additionally, the program is expected to increase awareness and expand those services by providing more program opportunities, events and advocacy at local, regional and state levels.
In a news release, Jonesboro Unlimited President and CEO Mark Young said the JumpStart Partnership is “an integral part” of the organization’s five-year strategic plan. The program is designed to increase the success rates of entrepreneurs throughout the region. The project also hopes to benefit area companies when entrepreneurs need their services.
“The JumpStart Partnership is a very exciting opportunity for Jonesboro,” Steven Lamm, vice president of Jonesboro Unlimited, said in the release. “We look forward to supporting and enhancing the work already happening through dedicated organizations in our area.”
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