1,000th Long Beach business benefits from Neighborhood Investment Program
2009-11-17 · By Editor
The City of Long Beach’s Community Development Department will award a $2,000 business start-up grant to their 1,000th new business on Tuesday, November 17. Mayor Bob Foster Councilman and Robert Garcia will present the check to the recipient – Mr. Donell Lampkin, owner of TWINNS Beauty Supply, 301 Atlantic Avenue, Suite A – during a ribbon-cutting ceremony at 10:00 a.m.
Launched in 1994, the Neighborhood Investment Program is a fantastic opportunity for new businesses to receive a $2,000 reimbursement grant from the City of Long Beach for business expenses incurred within their first year of operation.
Another benefit of the program is giving new businesses the opportunity to complete one of the business development-training courses offered by the Long Beach Small Business Development Center (SBDC). Courses include “Starting a Small Business,” “Smart Marketing & Promotional Tactics,” and “Writing an Effective Business Plan.” In addition, the SBDC also offers new business owners free one-on-one business counseling.
“Receiving this grant was a great help especially with the holiday season coming up. I found the process very easy and the workshops extremely beneficial for a new business owner,” Mr. Lampkin said.
President Barack Obama used his Proclamation for Small Business Week in May to stress that “small businesses created 70% of new jobs and they are responsible for half of all jobs in the private sector. Their contributions are necessary to rebuild our economy.”
Eligible businesses must be located on a designated commercial corridor within federally designated Community Development Block Grant (CDBG) eligible areas and must have current business licenses. For more information, contact the Neighborhood Services Bureau at 562.570.6866.