Incubator Programs

Business Foundations focuses on the idea phase of business for 4 weeks. Class highlights include understanding the ‘why’ behind your business, setting up your business finances, finding your ideal customer, and developing your vision, mission, and values statements. At the end of this cohort, you will have a clear understanding of your business foundations and the next steps to move forward and make it happen. 
Next start date: June 11, 2024.

*Applications are always open and there is no selection process for the Business Foundations.

The Business Plan Cohort is the backbone of our Incubator and results in a formal business plan. Participants meet once a week for 12 weeks (3 hours/week).

This cohort focuses on those businesses that have tested their product or service in the market (friends, family, markets, Etsy, brick and mortar, etc.) and have a clear understanding of what they are providing to the customer. At the end of this 12-week cohort, you will have gained the knowledge to successfully run your business, a completed business plan, and will have presented your pitch at your Graduation. 
Upcoming Start Dates:
Spring Session: March 12, 2024 and Fall Session: September 10, 2024

*Applications are always open, and notifications of acceptance will go out in February and August. 

Sessions include:
Session 1: Orientation, Expectations, and Alumni Panel (In Person Session)

Session 2: Business Foundations, Your “Why”, and Products/Services

Session 3: Business Financials

Session 4: Branding and Culture, Visual Merchandising

Session 5: Defining Your Customer and Competition, Market Analysis, SWOT

Session 6: Marketing in Practice

Session 7: Funding/Financing Opportunities

Session 8: Insurance and Leasing

Session 9: Hiring Employees, HR, and Contracts

Session 10: Growing in Your Community

Session 11: Graduation Presentation Practice and Peer Review

Session 12: Graduation – In person, Class graduation ceremony and presentations

This program is on hold for 2023. For Black business owners, we have additional services and programming as part of our commitment to equity in entrepreneurship. This program prepares Black businesses to access future leasing opportunities in Tacoma, with an emphasis on Hilltop. Participants can access all the above incubator benefits, as well as the following:

• Dedicated bookkeeper (6-months)
• Marketing and branding consultation
• Business coaching (emphasis on raising capital)
• Business district annual membership
• Black Business Directory membership, in partnership with the Tacoma Urban League
  

For more information about the Black Business Investment, please contact the Property and Business Coordinator: herschelw@tacomachamber.org