AAR Corp. will award four minority small business owners grants of $20,000 each as part of AAR’s entrepreneurship program, through which the company works with participants to help them with expansion and job creation efforts.
The investments comes from David Storch, AAR chairman and CEO, to support the company’s A.R.I.S.E. Entrepreneurship Program run by Chicago-based Salem Baptist Church, AAR announced Thursday.
Storch said he aims to help entrepreneurs think through their go-to market strategies and expand their products and services.
Selected business owners are eligible to compete for the A.R.I.S.E. 2.0, a program intended to connect them with capital, mentors and a board of advisers.
More than 90 business owners are applying for the program, which will start on January.
Nearly 1,100 business owners have graduated from the A.R.I.S.E. Entrepreneurship Program.
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