New city programs aims to help start-up businesses

Thinking of starting a business? If so, a new city program may be able to help.

The city’s Summit City Entrepreneur and Enterprise District (SEED) is investing in new business start-ups by offering 10 sessions of an eight-week business planning class for anyone considering starting a business.

The program, called Build Institute Fort Wayne Business Planning Education, is designed to cover the basics of starting a business, including establishing an entity, financial literacy, market research, cash flow, loan types, cost-benefit analyses and more. Participants will meet for three hours once per week for eight weeks for a total of 24 hours of education. In order to make the program accessible to everyone, free childcare and meals are available during the classes.

“Indiana Michigan Power strongly believes in the power of entrepreneurs to help drive the economies of the communities we serve,” stated Toby Thomas, president and chief operating officer of Indiana Michigan Power, which is supporting the Build Institute with a $20,000 grant. “We recognize that many people have the creativity, determination and skills to run successful businesses but need resources to help them get started.”

Six sessions will be scheduled in Fort Wayne and four more throughout northeast Indiana. The first session began April 17. Participants are asked to pay an upfront fee of $175, which will be returned upon completion of the program.

Anyone interested in signing up for a future Build Institute Fort Wayne course should visit www.SEEDfw.org, email AskSEED@CityofFortWayne.org, or call 260-422-2304.

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