Women or minorities who own businesses can benefit from a new six-week training program that covers all aspects of business from accounting basics to hiring and firing employees. Fifth-Third Bank, the Kentucky Small Business Development Center and the Lexington-Fayette Urban County Government are teaming up to offer the Lexington Minority and Women Business Training Program. Classes will be held from 9 a.m. to 12 p.m. one day a week beginning on October 15. The application deadline is Wednesday, October 1.
The agenda includes a two-part series on managing your finances; a session on strategic planning; marketing; hiring, managing and firing employees, along with federal, state and local tax requirements; and a final session on government contracting. The training program is an outgrowth of the Minority and Women Contractor Training Program conducted by the SBDC and the Lexington-Fayette Urban County Government, said Marilyn Clark, minority business enterprise liaison for the LFUCG.
We have had such success with that program, that we developed an added training program specifically designed for all women and minority businesses.
– Marilyn Clark, LFUCG
Our Minority and Women Contractor Training Program partners have seen the benefits of our workshops. The attendees have been awarded over $5 million in contracts from our partners in the program. With that kind of success, we wanted to expand our training programs to other industries. Fifth-Third Bank graciously agreed to partner with us to help create an additional training program to help facilitate success with other minority and women-owned businesses.
– Dee Dee Harbut, KSBDC
The cost for the program is $50. a continental breakfast will be provided each morning. To qualify, participants must have a business that is 51 percent owned by women or minorities. “Sessions are taught by respected professionals,” Clark said. “Reference materials will also be provided.” Each participant who successfully completes the program will be awarded a Certificate of Completion through UK’s Small Business Development Center at a graduation luncheon.