The U.S. Department of Agriculture (USDA), is partnering with the Small Business Administration (SBA) and the Federal Depository Insurance Corporation (FDIC), to host a series of regional economic development workshops on the “Path to Prosperity” in Mississippi, Kentucky, and Georgia to provide small businesses, including farmers and ranchers, with the resources and tools they need to grow.
“These independent businesses, in rural communities, are the cornerstone of American life but many of them lack the same level of access to resources and economic development as their counterparts in larger metro areas,” said Malcom A. Shorter, USDA’s Acting Assistant Secretary for Administration.
Through the “Path to Prosperity” regional economic development series; Federal, state, and local government agencies, along with private sector and non-profit partners, will provide small businesses and aspiring entrepreneurs with resources and opportunities to engage with experts and each other to learn best practices. The no-cost series features experts in how to start a business, how to access capital, and how to do business with the government. They will also include facilitated lender-small business matchmaking sessions.
Presenters will discuss:
- Incentivizing unbanked and under-banked small business owners and individuals to establish a sustainable relationship with an insured financial institution,
- Expanding technical assistance and financial education for small business owners and individuals to improve their bankability,
- Increasing the number of SBA certified lenders to provide access to capital for small, minority, and underserved businesses, and
- Developing contracting relationships with Federal government and private industry partners.
This spring, three “Path to Prosperity” workshops will be held in Mississippi, Kentucky, and Georgia with the goal of also reaching individuals and businesses in the surrounding region, as follows:
- Jackson, Mississippi (Louisiana, Alabama, Arkansas, Oklahoma)
- Lexington, Kentucky (Ohio, Indiana, Tennessee, West Virginia)
- Albany, Georgia (North Carolina, South Carolina, Florida, Tennessee)
The first “Path to Prosperity” event is on Tuesday, April 11, 2023, from 8:00 am to 5:00 pm ET at the Mississippi Agriculture and Forestry Museum located at 1150 Lakeland Dr, Jackson, MS 39216. All participants must register to attend either “In Person” or “Virtually” at Path to Prosperity – Mississippi.
The second event is scheduled for Tuesday, April 18, 2023, from 8:00 am to 5:00 pm ET at the University of Kentucky, William T. Young Library, 401 Hilltop Avenue, Lexington, KY 40526. All participants must register to attend either “In Person” or “Virtually” at Path to Prosperity – Kentucky.
The third and final southern state event will be held Tuesday, May 2, 2023, from 8:00 am to 5:00 pm ET at Albany State University – West Campus, 2400 Gillionville Road, Albany, Georgia 31707, in Student Center Ballroom C266. All participants must register to attend either “In Person” or “Virtually” at Path to Prosperity – Georgia.
Source: USDA Press Release