Minority Entrepreneurship Program Launched in Illinois

In August, Governor Bruce Rauner announced that applications for the Advancing the Development of Minority Entrepreneurship (ADME) program are now being accepted. ADME will identify high-potential minority entrepreneurs and provide them with resources to start and grow their business. Governor Rauner announced the program in February. It is run by the Illinois Department of Commerce with collaboration from Intersect Illinois. Program participants will be selected through a competitive application process, including the Entrepreneurial Profile 10 assessment, a research based talent assessment designed specifically to measure and help develop an individual’s innate entrepreneurial talent created and administered by Gallup. ADME pairs the EP10’s predictive power with resources and support to help minority entrepreneurs thrive. Selected applicants will receive access to education and training, capital, an entrepreneurial support system, connections to Illinois’ business community and other tools.

The Illinois Department of Commerce will develop and administer ADME’s training and facilitate investment opportunities through the Department’s Advantage Illinois program and community partners. Intersect Illinois, in addition to hosting the ADME website, will manage applications and assist with program marketing. The first year of the program will focus on minority communities, including women and veterans, in Chicago, Peoria and Rockford with the goal of expanding statewide. ADME is part of the Rauner Administration’s commitment to support minority and women-owned businesses and increase diversity in businesses and within the Illinois economy. Applications are available online at www.admeillinois.org and will close October 23, 2016.