September 26, 2012
From: Laura Woodard Clark
Director of Media Relations
ULM NLBCDC receives second $50,000 grant
The Northeast Louisiana Business and Community Development Center, housed in the University of Louisiana at Monroe College of Business, received an additional $50,000 grant from the Louisiana Business Incubation Association and Louisiana Economic Development.
The new grant marks a second significant investment in the center. In October 2011, the LBIA/LEA awarded the NLBCDC a $50,000 grant to help create the incubator.
The award will be used to continue development of a multi-function business incubator, providing direct support to businesses and communities within the northeast Louisiana delta region. Support services provided to emerging and small businesses increase their chances for long-term survival.
The funding directly supports that effort and is significant to the success of the project, said Susan Duggins, director of the NLBCDC.
“We appreciate the continued support from the Louisiana Business Incubator Association and Louisiana Economic Development,” Duggins said. "It comes at a significant juncture in the development of our incubator and will allow us to develop a great economic development tool for our region.”
The grant monies will allow for additional physical renovations to the facility and the acquisition of technology, thus enhancing the delivery of services throughout northeast Louisiana.
The center provides regional development opportunities for leaders of community organizations and businesses, including training programs such as budgeting, leadership, planning, financial literacy, and other business-related topics.
To learn more about the NLBCDC, visit ulm.edu/nlbcdc