Local Organizations Launch “MobileCAN!” Program

The Mobile Area Chamber Foundation and the Mobile Chamber, in collaboration with Innovation Portal and the University of South Alabama, are receiving a $2.8-million grant through the Minority Business Development Agency’s Capital Readiness Program. The collaborators announced that the grant will enable the launch of the four-year Mobile Capital Access Network (MobileCAN!) to deliver targeted programs and support services to approximately 2,200 minority-, women- and veteran-owned businesses. The program will focus on creating solutions to three core needs: capacity building, access to capital and access to networks. “By leveraging the Mobile Chamber’s economic development expertise and extensive business network, the University of South Alabama’s business education and mentoring expertise and the Innovation Portal’s regional incubation services, MobileCAN! will strategically position and support these businesses as they build and scale,” the organizations added.