Grant to Baton Rouge entrepreneur organization will expand online tools for businesses
NexusLA has received a research grant from the Economic Development Administration to fund an Ecosystem Mapping Initiative to upgrade the organization’s web portal with resources useful to all small businesses.
The EDA announced the grant this morning during a presentation at the South Central Louisiana Technical College’s Reserve campus. NexusLA and the EDA will share the total cost of the project, estimated to be roughly $350,000.
Those resources will include a network of economic development professionals available to assist fledgling entrepreneurs or those struggling with certain issues, as well as tools to help businesses increase their visibility. Once expanded, the portal will also provide the locations of additional resources for entrepreneurs.
“We have very good resources here, but our ecosystem can’t grow if we don’t let our entrepreneurs know about various capital sources, growth coaching and business services available to them; it’s just as simple as that,” says Byron Clayton, CEO of NexusLA, in a statement. “Think about how useless the internet would be without search engines. It’s the same concept.”
NexusLA, also known as Research Park Corp., works to expand the entrepreneurial ecosystem in the Baton Rouge area by promoting entrepreneurship and giving small business owners tools to help them succeed.
The portal with expanded resources is something Clayton identified as a need when he assumed the top position in the organization more than one year ago.
The beta version of the portal is available on NexusLA’s website. The first version of the expanded webportal is expected to be available in November.