Community Economic Development

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

For additional information, view our Program Overview.

Program Dates: July 19, 2021 - November 18, 2021

Early Feedback Deadline: May 30, 2021 at 11:59 CST

Final Application Deadline: June 27, 2021 at 11:59 CST

APPLY NOW

Key Dates

Applicant Info Session Q&A: Thursday, May 20 6:00-7:00pm | RSVP
Applicant Info Session Q&A: Wednesday, June 16 12:00-1:00pm | RSVP

Program Eligibility

  • Propeller Entrepreneur Profile
  • For-profit or nonprofit with earned revenue that qualify for at least ONE of the three listed eligibility categories below

Priority Eligibility Category: Broadstreet Storefront

  • For-profit
  • Operating a brick-and-mortar storefront
  • Headquartered on or along Broad Street
  • Majority (50%+) owned by Black person(s)
  • Preferred: Storefront business that has existed in the neighborhood for 3+ years with the desire to stay in the neighborhood, create livable wage jobs, and build strong community ties

Priority Eligibility Category: Affordable Housing Development

  • For-profit or non-profit
  • Organization is developing affordable housing within the South Broad Street corridor
  • Majority (50%+) ownership by Black, Indigenous, or Latinx developers or majority (50%+) of executive leadership and board led by Black, Indigenous, or Latinx developers
  • Preferred: Emerging developers creating high quality affordable housing at the 30% - 50% area median income (AMI)

Eligibility Category: Ecosystem Change Venture

  • For-profit or non-profit
  • Mission of the organization supports activities seeking to shift the entrepreneurial ecosystem towards being more equitable for BIPOC entrepreneurs based in New Orleans
  • Majority (50%+) ownership by BIPOC individuals or majority (50%+) of executive leadership and board led by BIPOC individuals
  • Preferred: Organizations that mission directly support the equitable advancement of BIPOC entrepreneurs through direct services or through policy and advocacy work

Success Story

Addis NOLA

Addis NOLA

"Addis NOLA is very pleased to be part of the 2020 Propeller Accelerator program. Through their support, we were able to organize our business better. The program is excellent for any small business that needs to create and strengthen the business structure. They have committed staff who go the extra mile to ensure they get the most out of the program."

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