Modesto City is growing and diversifying and it represents a location where businesses can surely thrive. The City boast of excellent utilities, and infrastructure which creates business opportunities particularly for women. The City is placed among the best performing cities in terms of job creation and sustainability.
City Sponsored Business Incentives
Incentive programs help women business owners and create an opportunity for a thriving business community. There is a wide range of incentives available for women in Modesto to support their business growth. They include:
- Fee Deferral Programs. The city encourages deferment of payment of capital facilities, water connection, and wastewater capacity fees for 5 years thus enabling women to expand their businesses.
- Capital Facilities. The city provides facilities and materials women need for startups or to grow their businesses by providing small business grants and other resources that could help them with an initial capital.
- Business Information and Advocacy. By acting as the voice of women-owned businesses, the City of Modesto creates an environment where small businesses can surely thrive. The City also ensure important information regarding businesses including the current trends and change in marketing strategies or management styles reach businesswomen. Visit https://www.modestogov.com/Business-Incentives.
Business Women’s Symposium
The annual Business Women’s Symposium is held to provide women with an opportunity to learn new business ideas, network, and get inspired by successful professionals. Through the annual symposium, they can grow their personal and professional lives and learn smart ways of improving their businesses while balancing their lives. You can register for the annual Business Women’s Symposium at https://valleysierrasbdc.com/events/modesto-business-womens-symposium.
Small Business Development Center
SBDC is committed to making a difference in supporting female entrepreneurs and their small businesses. The organization consists of experts who are there to guide women across different disciplines such as developing a strategic or business plan, marketing strategies, accessing startup capital, or streamlining business operations. The center also holds workshops that expose women to different networking opportunities meant to support them in overcoming the daily challenges they face in their business operations. Startup workshops assist women who are willing to own their businesses and want to be successful by introducing them to basics of starting a new business (including funding, and help with creating a business plan). Visit the SBDC website at https://centralcasbdc.com/locations/.
Success Capital
Success Capital supports women-owned small businesses in securing financing for real estate projects and equipment by proving them with loans. It has also helped in creating employment opportunities for women in Modesto and beyond. The company works with Small Business Administration and other lending partners to make both short term and long term funding available for women in the City. Find out more at https://www.successcapitalsba.com/.
Loan programs
Success Capital helps women fulfill their business dreams and goals by running loan programs such as the SBA 504 loan program which helps them in buying real estate, purchase new equipment, and expand their businesses. Learn more at https://www.successcapitalsba.com/loan-services/loan-programs/.
Advantages of 504 Funding
- It offers 90% financing thus preserving working capital to help women in achieving business growth and expansion.
- It offers adjustable rates to borrowers on the first mortgage.
- Enable women to secure a stable location for their businesses.
- Once you register and qualify for the funding, your business can take the title of the building. You can also formulate your principles that guide your daily business operations.
- It gives women peace of mind because they will not have to worry about balloon payments or rising rates on your debt.
Employment Opportunities
Guided with federal regulations against discrimination in employment, Haven Women’s Center provides equal employment opportunity for women in Modesto City. Employment decisions are made based on the program needs and the organization complies with the law of reasonable accommodation for women employees who are disabled. Visit their website at https://www.havenwcs.org/employment-opportunities.
Emergency Solutions Grant (ESG)
Being a single mother comes with big responsibilities such as caring for children, paying rent as well as other bills and sometimes you can lose your house because you were unable to pay for rent. ESG program assists homeless single mothers by offering basic shelter as essential supportive services. The program supports them with the operational costs of the shelter as they plan to get back to the community. You can apply for the grant at http://www.modairport.com/Emergency-Solutions-Grant-ESG.
HOME Investment Partnership (HOME)
This program is designed to offer affordable housing to low-income women by releasing funds in the form of grants. The grant is awarded annually to jurisdictions who participate. Visit http://www.modairport.com/HOME-Investment-Partnership-HOME.
Conclusion
Modesto City supports women by offering them business resources to enable them to thrive and creating employment opportunities to them through organizations such as Havens which is guided by the laws of the state. This gives every woman an equal opportunity of securing employment and accessing public services such as financial support through grants to enhance the growth of their businesses. Moreover, the City boasts of a supportive community where single mothers with low income can get assisted with paying rent or shelter for those who are homeless.