Marianas Variety

Last updateSat, 15 Dec 2018 12am

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    Saturday, December 15, 2018-7:34:45A.M.

     

     

     

     

     

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Latte Training Academy receives USDA grant

(Press Release) — The Latte Training Academy Inc. was recently notified of their award of grant funding from the United States Department of Agriculture, Rural Business Enterprise Grant Program.

The funds will be used to provide training and technical assistance to local entrepreneurs throughout the CNMI. In partnership with the CNMI Small Business Development Center, the program is intended to provide CNMI specific training to aspiring entrepreneurs.

“While we continue to focus on the trainings we offer around workforce development, we also understand that self-employment and small business enterprises contribute significantly to any economy. We recognize that the CNMI is in an economic uptick and the focus of our Entrepreneur Training program will be on guiding aspiring entrepreneurs to capitalize on this trend,” says LTA executive director Arielle Buyum.

The program, which is anticipated to launch in September 2017, will focus on providing guided training specific to the needs of local businesses. Participating entrepreneurs will be able to receive additional resources through the program’s partnership with the CNMI Small Business Development Center, housed at the CNMI Department of Commerce. These services include assistance on business plan development, financial forecasting and locating appropriate funding sources.

“We are working with the Latte Training Academy Inc. to provide the first of its training series at the department’s upcoming business development summit. The focus will be on helping aspiring entrepreneurs from Saipan, Tinian and Rota navigate the unique business landscape in the CNMI. We will be highlighting local small businesses who will share their successes, lessons learned and things for aspiring entrepreneurs to consider when entering into business,” says Commerce Secretary Mark Rabauliman.

“Building our workforce capacity through trainings such as those provided by Latte Training Academy enable our community to develop our local capacity and have more economic opportunities for families. Supporting local businesses and aspiring entrepreneurs strengthens the backbone of our economy and gives our community the opportunities to learn new skills that will benefit our economy in the long term. I commend LTA, the Department of Commerce, and the SBDC for increasing options in the trades and in entrepreneurship,” says Gov. Ralph D.L.G. Torres.

When notified of the award, U.S. Congressman Gregorio Kilili Camacho Sablan expressed his excitement for the programs launch.

“I congratulate everyone at Latte Training Academy for winning funding from the U.S. Department of Agriculture to generate more economic development in the Marianas. Teaching entrepreneurial skills is good not only for people who want to start businesses, but is good for the people those new businesses will employ. In Congress, I will keep working to maintain funding for Rural Business Enterprise grants and for all of the USDA programs that benefit our islands,” says Congressman Sablan.

“We are grateful for the opportunity we have been granted through our regional USDA office. The work that the regional office has done speaks volumes to the dedication that they hold to ensuring our community is successful,” says LTA president Juan-Carlos Benitez.

To learn more about the entrepreneur training program and all of LTA’s program offerings, visit www.lattetrainingacademy.com.