Dallas Funding Startups

Dallas Entrepreneur Center Awarded $600,000 For Expansion

dallasentrepreneurcenter-grant-top Dallas Entrepreneur Center Awarded $600,000 For ExpansionDallas Entrepreneur Center Receives $600,000 Grant From U.S. Department Of Commerce

Last year when Trey Bowles, the co-founder of the Dallas Innovation Alliance (DIA) and the CEO of the Dallas Entrepreneur Center, was nominated by Former Secretary of Commerce Penny Pritzker, to the National Advisory Council on Innovation and Entrepreneurship (NACIE) Board, he probably didn’t expect it would lead to a major grant for the Dallas startup community. Quite frankly, startup leaders from coast to coast have spent the last nine months wondering exactly how much the federal government would support entrepreneurial efforts.

Bowles has spent the last six years bolstering the startup ecosystem across Dallas and raising awareness on a national scale. In 2012 he was the Startup America regional champion for Texas.

The Dallas Entrepreneur center supports startups, entrepreneurs and small businesses through it’s brick and mortar coworking location. Since it’s inception, through mentorship, education, community outreach and events, the Dallas Entrepreneur Center has had an estimated $130 million dollar impact in the Dallas Ft. Worth area.

The US Department of Commerce’s Economic Development Administration has given a $600,000 grant to the Entrepreneur Center to expand it’s reach across Southern Dallas.

“We commend the Dallas Entrepreneur Center on their strategy to support local entrepreneurs as they scale their businesses,” said Dennis Alvord, deputy assistant secretary for regional affairs in a press release. “This project will help small businesses expand to boost the South Dallas economy.”

With the grant money they will establish three new entrepreneurial centers in distressed areas of the city. Tech.co reports that the new centers are RedBird Entrepreneur center in a mall that was a central part of Oak Cliff; a center at the University of North Texas Dallas and a center on the campus of Paul Quinn College an HCBU (historically black college and university) that already has ties to the EC.

The efforts are to expand awareness, community, mentorship and education to small businesses, startups and entrepreneurs. The Dallas Entrepreneur Center holds programs and events for entrepreneurs of all ages and at all stages in the entrepreneurial process.

Find out more here at thedec.co