The YWCA Lower Cape Fear is proud to announce the unveiling of a new business development initiative, Coastal Women’s Ventures, created in partnership with Carolina Small Business Development Fund. Coastal Women’s Ventures is a collaborative program focused on creating and supporting small business opportunities for women entrepreneurs through business coaching, mentoring, small business education, and connecting participants to loan capital.
The Carolina Small Business Development Fund (CSBDF) is a statewide, non-profit and certified Community Development Financial Institution that fosters economic development in underserved communities by providing small business loans and financial training to start up and existing businesses. Similar initiatives have successfully launched by the CSBDF across the state. Coastal Women’s Ventures will be the first of its kind in Southeastern North Carolina.
Services provided by the program support the YWCA Lower Cape Fear’s mission to empower women through economic advancement. North Carolina has ranked third for the growth of women-owned businesses over the past two decades, but still, women entrepreneurs face unique challenges in accessing capital and other resources they need to establish successful businesses. Coastal Women’s Ventures will reduce these barriers and foster a community of women’s entrepreneurship.
“The partnership we’ve built with the CSBDF and our mutual commitment to empowering women will help fulfill the goals of the YWCA’s Coastal Women’s Ventures program. We couldn’t be more thrilled to bring this much-needed resource to women entrepreneurs in Southeastern NC,” said Jenni Harris, Board President of the YWCA Lower Cape Fear. Coastal Women’s Ventures will root its operational home at the YWCA Lower Cape Fear beginning October 26 with oversight from President and CEO of the CSBDF, Lenwood V. Long, Sr., and Charrise Hart, Executive Director of the YWCA Lower Cape Fear.
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