Nicolet awarded state grant to expand entrepreneurship training
Jan. 25, 2017
Nicolet College will expand entrepreneurship training throughout the Northwoods this coming year thanks to a $27,000 grant the college received from the Wisconsin Economic Development Corporation.
The college will build on its entrepreneur training program that it piloted in Vilas County over the past several years in partnership with the Vilas County Economic Development Corporation and the David Juday Scholarship Program, said Sandy Bishop, dean of Workforce and Economic Development.
“Since 2013, more than 50 individuals have completed the 10-week entrepreneurial program called NET, Nicolet Entrepreneurial Training program, and out of those graduates, 26 have either started a new business or expanded their existing business,” Bishop said. “We’ll use the grant funds to grow that program and offer it to entrepreneurs in Oneida, Forest, Lincoln, Langlade and Iron counties.”
The training program covers multiple elements of starting a business. These include creating a business plan, analyzing the market and competition, securing funding, legal issues, accounting, and other factors.
Additional activities the grant will help fund include:
- Establishing the Entrepreneurial Resource Network to encourage collaboration and information-sharing among new and existing entrepreneurs in the Northwoods, and also provide entrepreneurship training to individuals.
- Expanding and advancing existing partnerships with and between the Vilas County Economic Development Corporation, Forest County Economic Development Partnership, Oneida County Economic Development Corporation, and the Grow North Regional Economic Development Corporation, along with other entities charged with fostering economic growth in the region.
- Creating an entrepreneurship training program for people with intellectual and other disabilities.
Nicolet’s grant was one of 11 awarded across the state by the Wisconsin Economic Development Corporation, which distributed nearly $500,000 in total.
The grants were awarded on a competitive basis with 32 entities submitting applications.
In the photo above, Lt. Gov. Rebecca Kleefisch announces the grant award during a visit to Nicolet.