Building Youth Entrepreneurship Capacity in Connecticut
GrantID: 2659
Grant Funding Amount Low: $10,000
Deadline: Ongoing
Grant Amount High: $25,000
Summary
Grant Overview
Connecticut's Youth Entrepreneurship Barriers
Connecticut faces unique challenges in fostering youth entrepreneurship, particularly among at-risk populations. According to the Connecticut Department of Labor, youth unemployment rates have remained disproportionately high, and barriers such as financial literacy, access to resources, and mentorship are impediments that prevent many young individuals from pursuing entrepreneurship. This issue is particularly acute in urban centers, where socioeconomic disparities are pronounced and opportunities for youth are often limited.
At-risk youth in Connecticut, including those from low-income families and minority backgrounds, frequently encounter obstacles that inhibit their ability to develop business acumen. A lack of exposure to entrepreneurship can lead to a cycle of poverty that is hard to break. Programs that provide education on financial literacy, business skills, and mentorship are essential in equipping these young individuals with the tools necessary to succeed.
The Youth Entrepreneurship Program aims to break down these barriers by offering comprehensive training workshops designed to foster essential business skills. The funding will support initiatives that encourage creativity and innovation among participants, enabling them to develop viable business plans and launch startups. By developing a structured program that provides hands-on experience and guidance, Connecticut's youth will have increased opportunities to thrive as entrepreneurs, contributing to the economic fabric of their communities.
The anticipated outcomes of this funding include the creation of new businesses and economic self-sufficiency for participants. Understanding that entrepreneurship requires a strong support system, the initiative emphasizes mentoring relationships that pair youth with established business professionals. These connections are invaluable, as they provide real-world insights and foster a longer-term commitment to entrepreneurship within Connecticut's youth population.
Eligible Regions
Interests
Eligible Requirements
