HOUSTON, Texas – Feb. 13, 2020 – Applications are now being accepted from small-business owners who are interested in growing their companies through a tuition-free program that Regions Bank is recruiting to Houston.
The program is called Inner City Capital Connections (ICCC). Since 2005, ICCC has worked with thousands of business owners from economically underserved communities across the U.S. Following ICCC training, these companies have collectively created 21,390 jobs and raised $2.23 billion in capital, according to ICCC data.
“While Houston’s strong economy helps our city continue to grow on the global stage, we need to ensure this growth doesn’t leave people behind,” said Mayor Sylvester Turner. “ICCC helps level the playing field for businesses in underserved communities. This is about more than training and education. It is about access to resources that can help entrepreneurs grow their companies and create more jobs. We appreciate Regions Bank for bringing ICCC to Houston for the first time in the program’s history.”
ICCC is part of the nonprofit Initiative for a Competitive Inner City, which was founded by Harvard Business School Professor Dr. Michael Porter to empower entrepreneurs in underserved areas through greater access to education and business training.
By connecting business owners with experts in the fields of strategy, marketing, small-business finance and more, ICCC helps entrepreneurs expand their companies through sustainable, long-term growth. The program is available to a wide range of business owners, regardless of whether they are Regions Bank customers.
Think of ICCC as a ‘mini MBA on steroids.’
Steve Grossman, CEO of the Initiative for a Competitive Inner City
“Over the last several years, Regions Bank has worked with ICCC in several major cities, and we’ve seen the incredible results this program delivers,” said Mark Jacobs, Houston Market Executive for Regions. “At the same time, Regions has been steadily building its presence in Houston. Bringing ICCC to Houston in 2020 is a natural extension of our commitment to serving Southeast Texas and advancing small-business growth throughout the area.”
ICCC training is provided tuition-free due to financial support from Regions and community partners. The training will be delivered, in part, through an all-day education event in Houston on June 17. Educators will include Dobbin Bookman, director of Harvard Business School’s global Owner President/Management (OPM) program.
Additional professors and business coaches will be available to business owners throughout the June 17 event. Topics will be customized to the needs of entrepreneurs that are accepted into the program. Real-time Spanish-language translation services will be offered.
To take part, business owners need to apply directly through ICCC and meet various program criteria. Applications should be submitted by Friday, May 22. Additional information on ICCC criteria and an online application form can be found at www.iccapitalconnections.org.
After June, business owners will have access to several free, follow-up webinars and can receive additional coaching as they carry out their business plans.
“Think of ICCC as a ‘mini MBA on steroids,’” said Steve Grossman, CEO of the Initiative for a Competitive Inner City. “We understand the needs and opportunities facing entrepreneurs across America. And we work with partners like Regions to deliver high-impact training that’s laser focused on helping more business owners grow their companies and achieve the American dream. We’re creating more inclusive growth and prosperity, and we encourage business owners to apply early while space in our Houston program is still available.”
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $126 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,400 banking offices and 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.