THE 2023-24 ASCEND NATIONAL COHORT WILL WORK TOWARDS GROWING 100 BUSINESSES OWNED BY PEOPLE OF COLOR WITH $2-9 MILLION IN REVENUES BEYOND THE $10 MILLION LEVEL.
Businesses that participate in the Ascend National Cohort enter with a defined opportunity/challenge that, when addressed, leads to business growth. Prior business opportunities/challenges have included business acquisition, international expansion, reducing employee turnover, and reducing inventory and production costs, among others. The Ascend National Cohort becomes a tool through which businesses access a breadth and depth of resources unavailable in other programs to meet the challenge and grow their profitability.
The 2023-24 program follows a successful inaugural year that saw 48 businesses improve their operations, which has led to growth rates between 5% and 50% since September 2022.
Businesses that will benefit the most from the Ascend National Cohort are those MBEs that have revenues in the $2-9 million range and are seeking to grow to $20 million in the next two years. Businesses are typically nominated for this program by one of their clients or customers. Ascend focuses on businesses that target sales in B2B or B2G environments. Read more