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July 27, 2022 | Tom Ballard

Jackson Ward Collective in Richmond launches what appears to be longer version of “100Knoxville” program

In what sounds similar but longer than the “100Knoxville” program, the Jackson Ward Collective, a network of Richmond-area Black business owners, is launching a new accelerator program aimed at boosting early stage entrepreneurs, beginning in September.

Richmond Inno reports that the “Community Business Academy” is a 12-week program licensed  from Jersey City, NJ-based Rising Tide Capital. “A lot of the (existing) programming is about identifying your market and then moving fairly quickly to finding funding. What was missing was how to actually run a business,” Rasheeda Creighton, one of the key Richmond players, said. “You know, what is a P&L, how do you think about financials, how do you think about credit, how does your personal credit impact your business credit, how do you build operations, how do you think about staffing — all of those nuanced pieces that are the foundation for running a business were not out there.”

The licensing fee is being sponsored by Altria, Capital One and Dominion Energy.