CHICAGO – The Illinois Department of Commerce & Economic Opportunity announced that applications for the 2018 Advancing the Development of Minority Entrepreneurship program are now open.
Applications can be found online at www.illinois.gov/dceo and will be available until May 31.
“A main focus of the Rauner administration has been expanding our support for talented individuals and entrepreneurs in every community within Illinois,” Illinois Department of Commerce Director Sean McCarthy said. “We have made a lot of improvements to the program this second time around to better equip the participants with real-world knowledge and give them a leg up as they embark on the next phase of their business.”
The ADME Program is designed to nurture a business-friendly environment that supports and facilitates small business, with a focus on minority populations, to assist and lead entrepreneurs in long-term economic success.
ADME offers start-up companies supports from subject matter experts, business professionals, and nonprofit organizations.
Additionally, participants will gain access to an array of services, including assistance with a business plan, one-on-one session with an attorney, a loan prequalification assessment for each borrower to assess loan readiness before the end of the program and the opportunity to pitch their business to banks, investors and microlenders during a demo day.
“In anticipation for our second cohort, the Department has hosted a number of ADME Business Workshops throughout the state,” said Derrick Champion, Deputy Director of the Office of Minority Economic Empowerment at DCEO. “These workshops have been met with great excitement and have been a great recruitment tool for the ADME 2018 Cohorts.”