Propeller, a business incubator that focuses on ventures looking to tackle pressing issues facing New Orleans, has been awarded a two-year, $420,000 grant from the Ewing Marion Kauffman Foundation.
The grant was among a dozen announced Thursday by the Kansas City-based nonprofit, which focuses on entrepreneurship and education.
Propeller, which was selected from more than 375 applicants nationwide, plans to use the money to implement programs to help address racial inequalities.
"New Orleanians’ quality of life and opportunities for success are statistically divided along color lines," Propeller Executive Director Andrea Chen said. "As we move forward in our work in food, water, health and education, we are leaving people behind."
As part of that, Propeller plans to launch a neighborhood-based consulting program for businesses located in the Washington and Broad commercial corridor, she said.
"With the help of local neighborhood organizations and community leaders, our focus will be on identifying and supporting brick and mortar businesses like corner stores, fruit stands, and daycare centers with the potential to significantly enrich their own Central City, Zion City and Broadmoor communities," she said.