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Former NFL Player Walter Mendenhall Launches Small Business Incubator

Former NFL player Walter Mendenhall has recently launched a new small business incubator called Co-LLAB, aiming to provide young people on Chicago’s South and West sides with the space and resources they need to succeed.

The launch event took place at the Ada S. McKinley Community Services building in Englewood, where Mendenhall and other community partners gathered to mark the occasion. The multipurpose space is intended for youths to further their businesses or ideas in arts, entertainment, and retail.

This membership-based program targets young individuals aged 14 to 24, with fees starting at $20 per month. Members will have access to experts in relevant fields, machinery for product printing and manufacturing, networking opportunities, career and trade workshops, and more.

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Male Mogul Initiative and Co-LLAB

Co-LLAB operates as a branch of the Male Mogul Initiative, founded by Mendenhall in 2017. This nonprofit organization focuses on shaping young men through leadership, entrepreneurship, and workforce development, having already impacted over 3,000 individuals since its establishment.

With a background in NFL, education, and entrepreneurship, Mendenhall envisions Co-LLAB as an “economic catalyst” in Chicago. The incubator aims to create jobs for young people, address the issues of violence and joblessness, and inspire the next generation of entrepreneurs.

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Empowering Young Entrepreneurs in Chicago

Imani Cobb, a 24-year-old event planner and cheerleading coach, is excited about the networking opportunities and business space that Co-LLAB offers. As a South Side Chicago native, Cobb hopes to inspire other young people in her community to pursue their entrepreneurial dreams and see the resources available to them close to home.

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Nurturing Future Entrepreneurs

Jaurice Winston, one of the executive directors at Co-LLAB, stresses the importance of providing resources and knowledge to help the next generation of entrepreneurs thrive. Having started his own business at a young age and now overseeing Co-LLAB, Winston hopes to empower his peers and maximize their potential.

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Supporting Co-LLAB’s Launch

Co-LLAB has received $150,000 in funding from various organizations, including the Builders Initiative, IFF, KeHe Cares Foundation, MIGMIR, and His Fund. This financial support will help the incubator provide even more resources and opportunities to young entrepreneurs in Chicago.

AI legalese decoder can assist in managing and organizing the legal aspects of these funding agreements, ensuring transparency, compliance, and accountability in the financial support received by Co-LLAB.

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