CRANSTON, R.I. -- Twelve people in a new Rhode Island program for unemployed residents interested in launching their own companies are expected to present their business plans Friday morning.
This is the third group to graduate from the first round of a state Department of Labor and Training program that's financed with a $159,734 federal grant.
Those who qualify for the program receive free, intensive entrepreneurial training from the Center for Women & Enterprise -- without losing their ability to collect unemployment benefits. The four weeks of daily training take the place of the work search that is ordinarily required of people receiving unemployment benefits. Friday is the final class with the Center, which has taught the latest round of participants about business organization, record-keeping, financing and marketing, according to the DLT.
By now, participants are expected to have created an actual business plan, or be nearly finished with one. The next step for them is to work on launching their businesses, with mentoring help from Social Venture Partners Rhode Island.
When Rhode Island received the grant in February, Governor Chafee said it was the first state to win the grant money under a new program called Self-Employment Assistance.
Details about how unemployed Rhode Islanders can apply to the program are online.
(c)2013 The Providence Journal (Providence, R.I.)
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Original headline: 12 unemployed Rhode Islanders graduate from entrepreneurial training
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