Community Economic Development

In community economic development, Propeller’s Impact Accelerator focuses on supporting Black and Brown entrepreneurs growing brick-and-mortar businesses that create jobs, and build community along the Broad Street corridor. Additionally, the CED focus area supports Black and Brown-led organizations working to create an equitable operating environment for entrepreneurs of color and Black and Brown-led real estate developers that develop affordable housing in the Broad Street Corridor.

APPLY NOW

Program Dates: July 15 - November 20

Final Application Deadline: May 31 at 11:59 pm CT

For additional information, view our Program Overview and Application Overview.

Schedule a time with a member of our team to discuss the program and application here.

Key Dates

Applicant Info Session Webinar: Wednesday, May 13, 5:30-6:00pm | RSVP
Applicant Info Session Webinar: Thursday, May 21, 5:30-6:00pm | RSVP

Program Eligibility

  • For-profit or nonprofit with earned revenue
  • Open to businesses who were in operations prior to May 31, 2020

Priority Eligibility Category: Broadstreet Storefront

  • Operating a brick-and-mortar storefront
  • Headquartered on or along Broad Street
  • Majority (50%+) owned by person(s) of color

Priority Eligibility Category: Affordable Housing Development

  • Organization is developing affordable housing within the Broad Street corridor
  • Majority (50%+) ownership  by person(s) of color or majority (50%+) of executive leadership and board led by person(s) of color

Eligibility Category: Ecosystem Change Venture

  • Mission of the organization supports activities seeking to shift the entrepreneurial ecosystem towards being more equitable for entrepreneurs of color based in New Orleans
  • Majority (50%+) ownership  by person(s) of color or majority (50%+) of executive leadership and board led by person(s) of color

Success Story

Nola Organic Mani-Pedi Spa

NOLA Organic Spa

When Sonjauh joined Propeller's Accelerator, she was working to elevate and grow her organic, healing spa on Broad Street.

During the program, they revised their pricing and payment to better reflect the value of their services and increase staff retention. They were recently named the best day spa and wellness center in the state by Travel Noire.

Learn More