Accelerate Southside launches
Invest Atlanta, the city’s economic development agency, and The Guild, a co-living organization helping entrepreneurs with business services that include asset and real estate ownership, are partnering in a new program for minority-owned businesses. Accelerate Southside will assist businesses south of Atlanta in growing and owning space as a wealth-building tool.
The program will address four challenges that minority-owned businesses face:
- Limited access to capital
- Debt service payment capabilities
- Difficulty purchasing commercial space
- Preparing for business growth
Accelerate Southside’s two-part pilot includes business accelerator training by The Guild and a commercial down payment assistance program that Invest Atlanta will offer. The program will assist entrepreneurs interested in purchasing a shipping container to locate at the Pittsburgh Yards Container Courtyard, a 30-acre redevelopment site on the Southside Trail of the Atlanta Beltline.
Minority-owned small businesses are encouraged to submit an application for the program. For more information, visit investatlanta.com/accelerate-southside. Deadline for applications is July 15.
Photo of participants in one of The Guild’s programs provided by Invest Atlanta.