The CDI Community-Based Entrepreneurship Through Acquisition (CETA) Accelerator is designed to expand access to business ownership for talented individuals who have historically faced barriers to acquiring businesses and building wealth.
Applicants must meet one of the following eligibility requirements:
Option 1: Be an undergraduate business student, MBA candidate or mid-career professional from a low-income or low-wealth background; or
Option 2: Be an undergraduate business student, MBA candidate or mid-career professional who does not meet the low-income or low-wealth criteria but demonstrates a commitment to acquiring, operating, and growing a business that serves and strengthens a low-income community.
To ensure that the accelerator remains focused on expanding access to business ownership, CDI is committed to selecting at least 60 percent of each cohort from Option 1. The remaining participants may be selected from either eligibility pathway based on the strength of their application, commitment to Community-Based Entrepreneurship Through Acquisition (CETA), and potential to create lasting economic opportunity in underserved communities. In addition, all participants must commit to the principles of CETA by incorporating employee ownership and other community development strategies into their long-term business ownership approach. Participants are expected to operate businesses as community anchors that create quality jobs, invest in employees, support local organizations, engage in civic life, and contribute to the long-term prosperity of the communities they serve.