COM­MONS WINS BIG GRANT TO HELP EN­TREPRENEURS

The Denver Post - - BUSINESS - By Ta­mara Chuang

A push to reach out to women and mi­nori­ties in­ter­ested in start­ing a busi­ness helped The Com­mons on Champa win a $400,000 grant from the Kauff­man Foun­da­tion, a pri­vate foun­da­tion that pro­motes en­trepreneur­ship.

The Com­mons, a pub­lic-pri­vate ven­ture, plans to use the money to de­velop a free ac­cel­er­a­tor called “En­trepreneurial Jour­ney” that would pro­vide ed­u­ca­tional re­sources for women, peo­ple of color, mil­i­tary veter­ans and new Amer­i­can ci­ti­zens. The pro­gram aims to reach hun­dreds of en­trepreneurs from un­der­served com­mu­ni­ties.

“The ex­act specifics are be­ing de­vel­oped, but will cover busi­ness plan­ning, fi­nance, le­gal ser­vices, the es­sen­tials of startup and how to ac­cess fund­ing. The pro­gram will em­pha­size the jour­ney from start­ing, launch­ing and grow­ing a busi­ness and will be taught by a va­ri­ety of com­mu­nity part­ners in Den­ver that are ex­perts in their re­spec­tive in­dus­tries,” said Brea Ol­son, a spokes­woman for Down­town Den­ver Part­ner­ship, which helps run The Com­mons.

The Kauff­man Foun­da­tion gave money to a dozen en­trepreneurial minded non­prof­its that were picked from 376 ap­pli­cants. Win­ners re­ceived grants be­tween $87,000 and $420,000.

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