Two small businesses in northern Louisiana are among 10 businesses from across the state that have been selected to participate in the second annual Rural Entrepreneurship Initiative, a Louisiana economic development program that helps local businesses overcome challenges unique to rural communities.
Program participants are considered second-stage companies, which typically have 10 to 99 employees and are poised for continued growth, often spurred by expansion into out-of-state markets. The initiative, run in partnership with the Edward Lowe Foundation, is designed to address issues common to all small businesses but often magnified in rural areas, such as targeting new opportunities, supporting growth, developing a team and marketing digitally. .
North Louisiana companies are Allen’s Electric Motor Service of Vivian and Enviro Services Rental of Farmerville.
“Rural businesses play a key role in Louisiana’s continued economic growth and diversification,” said LED Secretary Don Pierson. “Our commitment to rural revitalization remains a strategic priority, and our partnership with the Edward Lowe Foundation is one of the many ways we leverage available resources. Today, the state can spur rural economic growth by providing rural entrepreneurs with advanced tools and more critical resources they need to succeed.
The program included a recently held opening retreat and three virtual panel discussions led by professionals each month. Participants also have the opportunity to work with LED’s Integrated Growth System, which provides one-on-one access to expert specialists who generate personalized insights aligned with specific business needs. The initiative culminates in a final meeting with presentations from the participants on the company’s goals and plans.
Upon completion of the program, participating companies join the LED Growth Network, a statewide alumni group that consists of more than 550 companies generating nearly $4 billion in annual sales and employing over of 20,000 full-time equivalent employees.