The Department of Commerce's Economic Development Administration awarded a $203,846 project grant to Hofstra University under the Economic Development Technical Assistance federal grant program (CFDA 11.303). The funding will support the creation of the Downstate New York University Center, a jointly administered program providing technical assistance to early-stage entrepreneurs with scalable companies. The Center will focus on veteran entrepreneurs and those operating in distressed communities. Participants will engage in a virtual training series, collaborate with faculty and students, and join networking and instructional events. The Center aims to advance high-growth entrepreneurship, promote resiliency, and enhance regional collaborations among academic institutions and ecosystem partners in the Hempstead, New York area. Entrepreneurs will receive mentoring to grow their businesses while students obtain experiential learning opportunities advised by a professor. The grant period is from September 1, 2021 through August 31, 2026.
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