BUFFALO, N.Y. — Success in business requires smart planning, clear objectives and practical advice from trusted advisors—and local organizations have stepped up to sponsor two initiatives through the University at Buffalo School of Management’s Center for Entrepreneurial Leadership (CEL) that will empower area minority and women entrepreneurs to achieve even more.
Through $50,000 in funding, M&T Bank will become the presenting sponsor of the M&T Bank Minority and Women Emerging Entrepreneurs (MWEE) program, which has helped propel small businesses to the next stage of development since 2004.
In MWEE, each participant is assigned a mentor from the local business community to help devise realistic business goals and develop timetables and strategies for achieving them. Mentors meet regularly with participants, providing advice in strategic and tactical thinking, marketing, long-range financial planning and more.
MWEE participants also attend professionally facilitated classes where they learn to develop their business models, as well as “chalk talks” by subject matter experts in such areas as marketing, understanding financial reports and goal setting.
A total of 364 local entrepreneurs have completed MWEE since its inception. The Allstate Foundation had previously funded the program since 2005.
The CEL is also partnering with the Buffalo Urban League on a new Emerging Entrepreneur Accelerator—a nine-month training program for minority and women entrepreneurs in the...
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