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New program targets Louisiana’s rural small businesses
Louisiana has launched a program to help grow small businesses in rural areas.
The LED Rural Entrepreneurship Initiative launched this week via a partnership of Louisiana Economic Development and the Michigan-based Edward Lowe Foundation.
Twelve companies that are considered “second-stage” are participating, according to a news release from LED. They typically have 10 to 99 employees and face common issues such as building a management team, sustaining growth and focusing on new opportunities, all of which can be challenging to accomplish in rural areas.
The program began this week with retreat-style meetings in a virtual setting, the release said. Using instruction and collaboration, the program seeks to understand specific challenges to growth and to identify solutions for scaling business growth. Each company will have the opportunity to participate in additional activities, including one-on-one strategic research en