We're so excited to launch our partnership with Mastercard Strive! Over the next two years, we'll be launching a learning cohort to focus on capacity building and technical assistance for small businesses in rural communities that will enhance our Business Development Organization (BDO) network. Our BDO network and training model will directly serve to aid small businesses in building capacity, digital equity, and accessing capital that help rural communities thrive. Learn more at https://lnkd.in/e2pP5_QN
Small businesses are the heart of rural economies, accounting for nearly 85% of establishments and employing more than half of all workers in rural communities. The pandemic highlighted their need for technical assistance and training support, not just grants. Despite being community lifelines, rural small businesses often lack access to essential systems and operate on slim margins with limited financing support. The challenges facing rural communities are as varied as their landscapes. Mastercard Strive USA grantee, Rural LISC, is a community development support organization working to address these wide-ranging issues in rural communities across the nation. They strive to identify priorities and opportunities that deliver the most appropriate support to meet local needs. We’re proud to support Rural LISC as they create a learning cohort of 50 Rural Business Development Organizations (BDOs) that will receive technical assistance from Mastercard Strive USA national partners, bringing the strength of the network to rural communities across the United States — and increasing both the reach and impact of organizations like Rural LISC and their partners. More on Rural LISC here: https://bit.ly/3SSyPsc #MastercardStrive #InclusiveGrowth #FinancialInclusion #SmallBusiness