Posted: 10/5/2011By: Mark Nolan
Beer company MillerCoors recently announced that it had extended its MillerCoors Urban Entrepreneurs Series application deadline for this year to give more aspiring small business owners the opportunity to receive a portion of its $150,000 prize pool.
The MUES program is supported by several business organizations from across the country, including the Atlanta Business League, the Greater Harlem Chamber of Commerce and the National Association of Asian American Professionals. In addition to receiving funding, winners are also given the chance to become a qualified MillerCoors supplier.
"We want to do our part to empower small business development, which is helping to drive our economy," said Larry Waters, director of multicultural relations for MillerCoors. "Through this competition, entrepreneurs compete for much-needed capital to fuel and grow their businesses."
Last month, Samuel Adams announced that it would be expanding its Brewing the American Dream initiative - which provides loans from $500 to $25,000 for small business owners and prospective entrepreneurs - to the Chicago area. In addition to offering funding, the program also provides training offerings such as business and financial literacy seminars.