While a new initiative that fosters South St. Petersburg small businesses found success - with 95% of the inaugural cohort completing the program - city officials have identified areas for improvement.
The South St. Petersburg CRA (Community Redevelopment Area) Microfund program awarded $440,000 to 53 participants. In addition to much-needed funding, 96% said their business acumen increased throughout the four-month course, which ended in September.
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