Mayor Greg Fischer currently announced that Louisville Metro Authorities has picked out SKS Accounting & Consulting Organization Inc. to make and operate a new minority business enterprise incubator called The Properly.
Founded in 1999 by Kena Samuels Stith, SKS Accounting & Consulting Organization is a Black, lady-owned in depth accounting and consulting services business with a few destinations and 15 full-time staff.
“We are happy to fund the development of a minority organization incubator as we seek out to develop the variety of Black and minority-owned corporations in our town, as nicely as deliver additional guidance for and boost the resiliency of present organizations next the COVID-19 pandemic,” the Mayor said. “Through The Very well incubator, SKS Accounting & Consulting Business will fill gaps in the compact company useful resource ecosystem for new and present Black and minority-owned enterprises.”
In late March, Louisville Metro issued a Request for Proposals to companies searching for a competent company or firm to establish and run an incubator focused especially for Black and minority-owned organizations. Businesses could suggest a new incubator or use the funds to increase an existing incubator.
The city acquired 10 responses, and SKS Accounting & Consulting Organization was picked pursuing interviews with the prime a few candidates. SKS Accounting & Consulting Company will receive $100,000 to begin the incubator. An additional Fiscal Calendar year 2022 dedication of $100,000 will go to the incubator to assist maintain its functions in the to start with and next decades.
The Very well will concentration on organization advancement products and services this kind of as accounting, marketing and advertising and technological know-how implementation to travel sustainable enterprise growth that can stand up to possible market place disruptions.
“The Well attracts its identify from the concept that water wells ended up the center of communities, giving basic sustenance people today necessary to survive and prosper. The Properly incubator will reinforce Louisville’s Black group by means of entrepreneurship-pushed generational wealth development,” said Samuels Stith, who will provide as interim director of the incubator. “The intention of the incubator is to increase the selection of Black-owned corporations, steer Black business owners towards higher-progress, large-income industries, and use transformative technology to improve resilience amid existing Black-owned corporations.”
Found at 1702 Dixie Highway, The Well will present fellowships to early-phase business owners and expansion-phase enterprises. The incubator also will host typical digital and in-particular person workshops close to finance and accounting, human resources, marketing, community relations, advancement hacking, and small small business functions, as properly as networking prospects as a result of month to month “Brunch & Builds” situations and mentor business office hours.
Via The Perfectly, SKS Accounting & Consulting Business will offer you in-home operational support services, which includes accounting, human sources, general public relations and promoting, and IT/technological innovation. The Nicely also will give access to desk place, wireless net, large-high-quality printers and Chromebooks, application reductions, non-public meeting house and a databases of smaller enterprise means and equipment.
To support sustain by itself, The Well will offer bundled memberships and sponsorship alternatives to neighborhood companies to be certain memberships are available to those people in small-profits communities and those who are dealing with financial hardship.
