The Delta Regional Authority will invest $185,000 in the El Dorado Incubator Environment to support entrepreneurs in Ashley, Bradley, Chicot and Union counties, according to Delta Regional Authority Federal Co-Chairman Chris Masingill.
The project, dubbed EDIE’s Village, will be a partnership between the Delta Regional Authority, South Arkansas Community College and the Arkansas Women’s Business Center hosted by Winrock International.
The project’s goals include developing student-run businesses; creating business space for up to 20 local entrepreneurs in a low-cost environment, leveraging additional resources from the U.S. Small Business Administration and Housing and Urban Development, and providing one-on-one business development and product marketing counseling for participating entrepreneurs.
Masingill said the investment will develop student-run business, launch retail space for 20 local entrepreneurs in a low-cost environment for businesses to sell products, leverage additional resources from the U.S. Small Business Administration and Housing and Urban Development and provide one-on-one business development and product marketing counseling for participating entrepreneurs.
“This investment honors the hard work of our region’s small businesses and entrepreneurs,” Masingill said. “They are truly the lifeblood of the Delta economy – starting and expanding small businesses that create jobs in good times and in bad. Business incubators like EDIE’s Village will be on the front lines of that growth, helping these businesses create jobs today and a stronger Delta economy for years to come.”