TLC announced today that it will open the doors of its Enterprise Las Vegas to all existing social enterprises in the state of Nevada.
The company is also partnering with local partners to develop new social enterprise concepts for the state.
“I am thrilled that TLC is announcing the creation of an enterprise incubator for local entrepreneurs, especially those in underserved communities,” said Jeffery Farrar, CEO of TLC.
“The incubator will be dedicated to helping small businesses in undersized communities create a culture of entrepreneurship, and we look forward to welcoming the communities we will partner with as we move forward with this innovative initiative.”
The partnership is an example of how TLC, with a $200 million capital infusion, is leveraging the opportunity to transform the lives of those who are currently in the trenches of business.
“We have been working hard to empower entrepreneurs, as we have with social enterprises, to bring their ideas to life,” said CEO John J. O’Hara.
“This initiative gives us the opportunity not only to support the businesses we work with, but to work with local entrepreneurs who are ready to create their own social enterprises.”
The initiative is expected to grow and expand over the next several years, with the goal of helping create more than 200 social enterprises across the state in the next three years.
In order to join the TLC-Tucson partnership, an entrepreneur must first apply for a pilot program through the Enterprise Startup Program, which has been running for the past three years at the TNC-Las Vegas.TLC is also inviting local businesses and social enterprises to apply for an initial five-year pilot program, which will be funded with private capital.
The partnership will allow TLC to further build out the ecosystem of social enterprise.
The TLC TNC has already begun to invest in businesses, such as the new TLC Restaurants, which are designed to serve the community and serve food to underserved people, and to provide affordable, delicious food to those who can’t afford to buy their own.
This initiative will give TLC the chance to expand its offerings to more underserved markets.
In addition to TLC’s Social Enterprise Las Vegas, TLC plans to partner with the San Diego-based San Diego Entrepreneurship Center, which focuses on supporting small business entrepreneurs.
These centers offer mentoring and networking opportunities to new and existing entrepreneurs in San Diego, including the Entrepreneurships in Entrepreneurs’ Lives program, and the Social Entrepreneurs Program.
The Social Enterprise program has already grown to include hundreds of entrepreneurs who have made a positive impact on the lives and businesses of people in underserviced communities.
TLC will also work with other social enterprise partners to create new programs for the community.