The Challenge
Thousands of people across the South dream of starting a business. Many thousands more are struggling to get their idea off the ground. However, despite having a dream and determination, they don’t have the background or clarity to navigate all the systems required to launch and sustain their business. Many are new businesses or small businesses owned by underrepresented people that serve underserved communities. They struggle to get a conventional loan, or even insurance, to participate in local events.
These future business owners present enormous opportunities to create economic resilience and generational wealth. But people need structured support to get started—and not get swallowed up or go out of business.
Through his UNUM Fellowship, EPU is helping Mayor Keith A. James of the City of West Palm Beach tackle this challenge and create systemic change. This toolkit shares his story and provides inspiration and a tactical action plan for how you can, too.
The Opportunity
In the City of West Palm Beach, Mayor Keith A. James developed the Mayor’s Jumpstart Academy (MJA). MJA provides underrepresented and underserved communities with credit-building and entrepreneurship training.
With the help of the MJA, community members can go from an idea to a business in 90 days. Selected cohort members learn critical skills, from navigating loans to applying for city contracts. They are paired with a mentor in addition to weekly classes.
The goal is for each participant to be prepared and competitive to enter traditional funding streams. For example, we encourage the graduates to enter additional programs to prepare for governmental funding like CDBG. Additionally, cohort members who complete the program successfully may access pathways to additional city services.
Empowering Marginalized Community Members to Launch a Business: A Primer
This toolkit breaks down the process to launch a Mayor’s Jumpstart Academy equivalent. It is also available to download as a PDF.
What Comes Next?
EPU serves as a resource to community leaders, policymakers, and advocates across the South to help them take actionable steps to accelerate positive change. These resources include, but are not limited to:
- Research and analysis
- Technical assistance
- Policy development
We would love to connect with you and discuss the change you want to make. Here are ways you can contact us.