On January 21, 2020, the Wells Fargo Foundation awarded Access to Capital for Entrepreneurs (ACE) a $2.8M grant to spark small business growth. ACE partnered with Morehouse College’s Innovation and Entrepreneurship Center (MIEC) to offer leadership development training to diverse, established, growth-oriented businesses for leadership development over a two-year period.
To continue this work for a third year, Wells Fargo’s provided additional funding, through its Open for Business fund, directly to the MIEC to assist entrepreneurs of color in the Metropolitan Atlanta area whose business operations have been affected by the COVID-19 pandemic by providing management support, technical assistance, and capital for these businesses.
This 6-month program is designed to be the catalyst to support businesses in securing funding that ignites economic growth by accessing capital, contracts, and 1:1 coaching. Business Owners also pay it forward by coaching, mentoring and/or offering internships to Morehouse scholars.
Cohort III is focused on businesses in Metro Atlanta in the Healthcare Industry (refer to types of businesses below) who have:
- $500,000+ in Annual Revenues
- B2B Customers/Contracts
Types of Businesses in Healthcare
- Community Health Providers
- Telemedicine
- Professional Services (i.e., COVID Preparation, Healthcare Training)
- Medical Suppliers
- Behavioral Health Management
- Construction
- Facilities Management
- Transportation
