Coalition of New Jersey’s Black and Latinx Business Groups to Support Rollout of EY’s Entrepreneurs Access Network
aaccnj.com - Oct, 2020
Trenton, NJ, October xx, 2020 – In response to the economic impacts of COVID-19, a first-of-its-kind coalition of Black and Latinx organizations and other business groups in New Jersey are supporting the rollout of EY’s new Entrepreneurs Network. They will support the local execution of this immersive program, designed to elevate scalable Black and Latinx-owned companies with exposure to resources, networks and capital, delivered through a planned curriculum as well as on-demand learning.
This coalition of leading grassroots groups will provide a direct line into New Jersey’s Black and Latinx business communities to best reach local entrepreneurs. Additionally, these groups will provide critical insight into the challenges faced by businesses to support the program’s progress.
Coalition members include:
· Choose New Jersey
· Corporate Community Connections Inc.
· Invest Newark
· New Jersey African American Chamber of Commerce (NJAACC)
· New Jersey Chamber of Commerce
· New Jersey Minority Supplier Diversity Council (NJ MSDC)
· Statewide Hispanic Chamber of Commerce of New Jersey (SHCCNJ)
“By collaborating with these respected organizations, we hope to engage all of New Jersey’s Black and Latinx business and entrepreneurial community,” said Jackie Taylor, Principal, EY Government & Public Sector and the Executive Champion of the New Jersey Entrepreneurs Access Network. “Together, we can provide the necessary resources, support and connections so that these hardworking entrepreneurs can continue to grow their businesses, which significantly contribute to the state’s economy.”
In 2019, EY recognized that a lack of access to funds and connections was hindering many Black/Latinx businesses from achieving their full potential. As an expansion of our current entrepreneurial ecosystem (34 years via Entrepreneur of the Year™; 12 years of EY Entrepreneurial Winning Women™), we created EAN to help bridge this gap for these companies to thrive.
EAN includes a company assessment, alignment with a relationship advisor and a customized curriculum based on needs and maturity of the company. This program also includes participating in an ongoing series of educational programs, events, networking opportunities and media exposure (regional and national). Participants receive both tangible and intangible benefits, such as help developing their economic growth, brand, business acumen and professional network opportunities as they continue to navigate their market leadership journey.
Black and Latinx business owners who meet the criteria may apply online at ey.com/EAN. Applications are accepted through October 14, 2020. EY will begin notifying companies of their acceptance on a rolling basis, beginning November 2020. At that time, an On-Demand program, in the form of an online learning module, will also open to entrepreneurs at all revenue, ownership and operational maturity levels.
Governor Murphy, Congressman Norcross Announce New Workforce Development Programs from Coronavirus Relief Fund
nj.gov - Oct, 2020
CAMDEN – Today, Governor Phil Murphy and Congressman Donald Norcross announced $14 million in additional Coronavirus Aid Relief and Economic Security (CARES) Act funding to develop workforce development programs. The programs are designed to help businesses impacted by COVID-19 replenish their workforce and help jobless residents learn new skills that lead to successful reemployment.
“As this pandemic continues to threaten our public health, we must work to ensure that a stronger, fairer, and more resilient New Jersey emerges on the other side of COVID-19,” said Governor Murphy. “With today’s announcement, we are investing in opportunities for job training in our workforce that will reignite and grow our economy.”
“The Coronavirus pandemic has upended our economy, but we will recover by working together,” said Congressman Norcross. “Using federal CARES Act funding, New Jersey is helping workers and businesses get back on their feet. These workforce programs will help employers provide skill-building opportunities and on the job training, connecting New Jerseyans with the services they need to get the job they deserve.”
“The need is everywhere,” said Labor Commissioner Robert Asaro-Angelo. “We all know of businesses that are struggling or have closed, and workers who have been laid off or have had their hours drastically reduced as a result of the pandemic. We are grateful for the opportunity to use these funds to turn lives around and help our state recover economically.”
The CARES Act funding has been divided to a three-pronged plan to bolster workers’ skills and get them back on the job. The programs will be implemented by the New Jersey Department of Labor and Workforce Development.