The goal of NADC’s entrepreneurship training is to equip entrepreneurs with authentic, culturally-specific business trainings. Graduates should be able to comprehend the key components of small business management, build their capacity for assessing small businesses needs and challenges, develop skills needed to operate a small businesses successfully, and demonstrate the basics of credit reporting and credit building by understanding how to read, improve and interpret credit scores
Below are the areas in which entrepreneurs receive training and continued support after they have opened their business.
- How to write a tailored culturally relevant business plan.
- Acquire the key components of business management
e. Credit review process
- Assess their abilities as a small business owner and decide if opening a business is the right decision for them and their family at this time.
- Identify and develop skills needed to operate a successful small business
- Budgeting and Cash Management
New American Development Center provides assistance and guidance to the East African community particularly the Somali community with housing and home ownership. We help the community with direction and access to variety of resources regarding housing.
The financial literacy training program is provided to new entrepreneurs to help them make a sound financial decision when setting up and starting their business, the training equips them with accounting basics, math, basic knowledge about financial institutions, investment and funding options, credit reports and credit rehabilitation, etc. NADC has put a set of tools in place to make sure that support is available to entrepreneurs, during and after the training program. With this training our clients will be able to:
Advocacy and Policy
- Community engagement and outreach for the low income community along the SWLRT
- Housing policy change for the southwest suburbs
- Large-size housing accommodations
- Minority owned business development along the SWLRT