Do you have a neighborhood business? If so, Accelerate Dayton may be for you. The Accelerate Dayton program is looking for one entrepreneur from each quadrant of the city (northeast, southeast, southwest and northwest) to receive up to $10,000 in consulting services to help grow your business!
This pilot program seeks to support existing neighborhood businesses by helping identify barriers and developing strategies that can lead to job creation and wealth generation. These businesses may be home-based entrepreneurs or other small businesses with potential to grow.
The program will select up to one entrepreneur from each quadrant to receive up to $10,000.00 in consulting services that will address the development and implementation of a business plan. The City of Dayton will fund up to $40,000 for consulting services through The Entrepreneurs Center. Please note: Winners will NOT receive any cash prize.
The program is open to home-based entrepreneurs and small neighborhood businesses that are owned and operated by Dayton residents and are located in the city of Dayton. Businesses must be in compliance with applicable regulations, including the City’s Zoning Code and the Ohio Building Code. The business and/or the business owner cannot have any delinquent business or property taxes.
Please note: Downtown Dayton businesses are specifically excluded from this program. Adult-oriented businesses such as nightclubs, liquor stores, and vape or hookah shops, are also excluded.
Examples of eligible neighborhood businesses may include (but are not limited to): retail sales, food service or catering, sewing or tailoring services, day care providers, landscaping services, barber shops or hair salons, legal or accounting services, home improvement contractors, other artisan/craft services, etc.
Each application will be evaluated by a review panel. The panel will select up to eight finalists based on the business model and the potential benefit to the community. The selected entrepreneurs will be invited to attend a Saturday morning “pitch event” where they will meet with City staff and local business support organizations. Those entrepreneurs will have the opportunity to talk about their businesses and network with business experts, as well as the other business owners.
After the event, the review panel will then select up to four top entrepreneurs, one from each quadrant of the city, who will be matched with a business advisor (or coach) to develop an action plan for their business. Once a final action plan is approved in writing by the City, those top business will receive up to $10,000 of contracted business development services based on the action plan. After six months, the business will submit a brief report showing the results of the program.
Completed applications must be signed and delivered to the City of Dayton Department of Economic Development, 101 W. Third St., Dayton, Ohio 45402 (or postmarked) by no later than November 13, 2017, at 3 p.m..
Veronica Morris or Keith Klein, Senior Development Specialists
Dept. of Economic Development
101 W. Third Street
Dayton, Ohio 45402