RETOOLNC 2021 Reopened to the Public
The North Carolina Small Business Impact Grant Program, RETOOLNC, was launched in Fall 2020 to help state certified minority and women-owned businesses disproportionately impacted by COVID-19. Grants of up to $25,000 are awarded to select certified small underutilized businesses to help them with pivotal industry business changes needed during the pandemic. Governor Cooper established the RETOOLNC program to help certified HUBs and DBEs recover from some of these costly, unexpected adjustments to their business.
Our Centers & Affiliates
Center for Entrepreneurship
The Center for Entrepreneurship provides meaningful education and training, growth strategies and technical assistance for diverse businesses, women at various stages of business, and key stakeholders.
Research, Policy & Impact Center
The Research, Policy & Impact Center of the Institute shapes the core direction of advocacy, education, policy development and economic impact analysis on behalf of minority and women owned businesses.
Center for Community Investment
Institute Capital (ICAP)
The Center for Community Investment provides strategic investments necessary to create broad-based economic opportunity; sector leadership necessary to continue the work of community transformation; and smart public policies necessary to support community change.
Institute Capital provides debt and investment capital to affordable housing developers, community-based development organizations (CBDOs) and small businesses.
Center for Professional Services
As the Institute’s consulting arm, The Center for Professional Services helps public agencies, community organizations, and the corporate sector play more effective roles in support of equitable economic ecosystems.
We have built a staff with over 100 years of experience in the industry, as well as our industry intelligence and expertise in working with Historically Black Colleges and Universities.
In order to move our staff to this new fee-for-service structure model, we had to make changes in our organizational structure to provide more authority to the Program Directors. Each Program Director became more involved, with not only managing their staff, but also their budgets and expected outcomes. In addition, the administrative staff now provides support services to achieve the goals of the program.
Our focus was on:
- Operational Excellence
- Program Success
- Leadership Development