The Center for Economic Empowerment & Development (CEED) recently received a $75,000 grant from Truist Foundation to be used to assist in providing a level playing field for women and the underserved business owners in our community who disproportionately face barriers.
The grant will help CEED continue its work in providing comprehensive training and counseling in small business to help clients start, sustain and grow their own businesses, especially those who are socially and economically disadvantaged.
“We are so excited to have the Truist Foundation as an equity partner! With their investment, CEED will be kicking off entrepreneurial cohorts starting this fall, which will help us to continue to lay the foundation and increase small business owner competency through training,” said Suzy Hrabovsky, Executive Director of CEED, in a press release. “We are looking to expand our financial literacy course offerings throughout the counties we serve, which will increase self-sustaining infrastructures through education. By increasing knowledge and technical assistance, we can increase the sustainability of businesses and their success using loan capital.”
In 2022, CEED served 1,905 clients of which approximately 87 percent were women, 83 percent of their clients were minority and 65 percent had a military affiliation.
“Education goes hand-in-hand with a business owners’ vision of success and the drive to start and grow a business,” said Chris Isley, Truist Regional President of Eastern North Carolina, in a press release. “We are excited to be part of this program that helps underserved business owners overcome systemic barriers and contribute to their communities in meaningful ways. This work is at the heart of Truist’s purpose of inspiring and building better lives and communities.”
To wrap up the first day, attendees were able to meet up for a social event at the Brad Halling American Whiskey Ko. in Southern Pines where a $10,000 check was presented to the Joint Special Operations Foundation for their scholarship fund. Photo pr
The three-story, 200,000 square-foot business incubator space is located at 420 Maiden Lane. The building features an elevator, construction has begun on handicap bathrooms for the first floor and the second and third floors feature window walls offering views of Segra Stadium.
Image provided by FTCCFocused on building the local workforce and streamlining the education process through real world learning, the Hope, Opportunity, Prosperity through Education Program at Fayetteville Technical Community College (FTCC), also kno