African American Business Development Program


The mission of the African American Business Development Program (AABDP) is to create an environment where experienced owners are challenged to explore new leadership concepts and opportunities that will create sustainable companies that benefit the community through economic growth and job creation.

PROGRAM DATES

August 11, 2022 – February 9, 2023

LOCATION

Virtual

Applications are open for the Spring program

Deadline Extended until July 22, 2022


Sponsored By

 


Program Details

Program Description

African American Business Development Program (AABDP) is a comprehensive 7-month business development program designed for African American business owners who want to build sustainable and scalable companies. At the core of this Program is a community of peers; classmates support and encourage one another to pursue business growth. The course is guided by certified program directors, course facilitators, and subject matter experts. The highly selective program is limited to 10 participants per class. Applicants must have a minimum of two (2) years in business or comparable business experience and at least with the potential to grow revenues $250,000 or more.

Program Benefits

  • Participate in thought-provoking leadership training activities.
  • Gain a broader perspective of business issues and the economic impact.
  • Participate in interactive problem solving sessions designed to strengthen business strategies.
  • Expand professional networks and enhance personal relationships.
  • Receive recognition and graduate with knowledge necessary to make substantial contributions to the quality of life across our region.
  • Leave with a plan and strategies for leveraging your MBE or WBE or SBE certifications.

Program Topics

Session 1: Listening to Your Business

Session 2: Leading the Organization, Sizing Up Your Business, & Managing Operations for Growth

Session 3: Strengthening Your Product/Service & Leveraging Your Certification

Session 4: Exploring Growth Oppts & Seizing the Market

Session 5: Using Financial Tools

Session 6: Charting Financial Performance & Making Strategic Decisions

Session 7: Making it Happen

Required Documentation

  • Application
  • 3 Years of Income Tax (supplement with personal)
  • 2019 Profit and Loss Statement
  • Business License (if applicable)
  • Resumes of all owners
  • Franchise, Trust and/or Union Agreements (if applicable)
  • Capability Statement (if applicable)
  • Assumed Name Documents
  • Partnership Agreements
  • Ltd Partnership Certificate
  • Buy Out Rights Agreement
  • Profit Sharing Agreement
  • Proof of Capital Investment by all Partners
  • Certificate of Organization
  • Articles of Organization
  • Minutes from Shareholders first organizational meeting
  • Minutes from Shareholders/ Board of Directors’ meeting establishing current ownership
  • Minutes from most recent meeting of shareholders
  • Minutes from most recent meeting of board of directors
  • Proof of Equity Investment for Women owners
  • Corporations Bylaws
  • Certificate from board secretary certifying names of all current members
  • Both sides of all stock certificates
  • Stock transfer ledger
  • Proof of stock purchase or equity investment of women owner(s)
  • Voting Agreements If out of state Corporation, Proof of Authority to do business in  State
  • Schedule of Advances made to Corporation by shareholders for the preceding 3 years
  • Articles of Organization
  • Certificate of Organization
  • LLC Regulations
  • Member List w/ titles
  • Proof of Equity  Investment for Women owners
  • If out of state LLC, Proof of Authority to do business in  State
  • Schedule of Advances made to LLC by members for the preceding 3 years

Program Timeline

Please complete the application in its entirety to qualify for the program. Once your application is received, you will be advised of the next steps and other information that might be in need.

Applications Open: January 26, 2022,  Apply Now

Applications Close: July 22, 2022

Acceptance Notification: July 29, 2022

Program Start: August 11, 2022

Program End: February 9, 2023


More Information

The tuition* of each participant is $1,850 and $1,250 for a second individual from the same company. Full tuition upon acceptance to the program, however, we are open to providing payment options. A partial Scholarship is available.

Eligible businesses must meet the following requirements:

  • Business must be at least 51% Black-owned, operated, and controlled
  • Applicants must have a minimum of two (2) years in business or comparable business experience and at least have the potential to grow revenues of $250,000 or more

For more information, please contact Vanessa Sanchez, Program Manager, at 513.559.2218 or via email at vsanchez@ulgso.org