The 250 Project Aims to help entrepreneurs grow their business by 30 percent
A program to help entrepreneurs grow their business will soon get underway. It’s the 250 Project hosted by Spring GR. The goal? To increase annual revenue by at least 30 percent especially in businesses owned by minorities and women.
“Being an entrepreneur can be lonely sometimes, being a business owner can be lonely sometimes, you have lot to deal with behind the scenes.”
That’s Jermale Eddie, Director of Business Growth at Spring GR. He’s also the owner and founder of Malamiah Juice Bar in Grand Rapids and understands the struggles and challenges one can face while trying to grow a business.
“In front of the camera, on social media you’re smiling, but behind the scenes, you might be in tears, you’re trying to make ends meet, that are polar opposite.”
Eddie says that’s where the 250 Project can help. He says it puts you in the room with like minded individuals. It focuses on entrepreneurs who have the ability and desire to grow their businesses to at least 250 thousand in annual revenue per year.
So that study really hit home. Because we also remember the story back in 2015 that said Grand Rapids was the second worst place for African Americans as well. And so you put those two together and you just exhale. You gotta exhale a little bit and then after you exhale, you say, now what and so the 250 project is our push to change the narrative.”
The 250 Project is a six-month program designed to guide entrepreneurs in a concrete pathway to increase business revenue over the course of three years, identify and retain repeat customers and connect participants to financial opportunities.
The program is still accepting applications for the fall 2023 Cohort. You can find more information at SpringGR.com