Amendment to PSA - St Marys College Womens Entrepreneurship - Spark Womens Business Accelerator

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• South Bend Elkhart Regional Partnership • Financial institutions including CDFIs and local banks. In addition, over 60 community business leaders, including CPAs, bankers, CDFI program officers, experienced small business owners, financial advisors, insurance agents, and attorneys, are involved in WEI's flagship SPARK program. These individuals act as subject area experts for the SPARK sessions mentors who offer guidance to participants on their individual challenges and advocates who open doors and increase participants' social capital. Specific to the neighborhood pilot program, Thrive Michiana has offered residential and office space to SPARK Entrepreneurs -in -Residence at a substantially reduced rate to establish their presence in the neighborhood. The Near Northwest Neighborhood Corporation has also offered one of their meeting rooms for class use twice weekly for a nominal fee. WEI also refers SPARK graduates to a neighborhood development project lead by Kingdom Life Cathedral (Apostles Mike and Tina Patton) and will continue to strengthen that relationship. WEI's SPARK Women's Business Accelerator Neighborhood Pilot Outcomes We expect approximately 45 women to enroll in SPARK in Spring 2020 (two cohorts of 15 participants on the campus of Saint Mary's College, plus one cohort of 15 participants in the NNN.) We expect 90% will complete the program and 75% will launch or grow a business. We will achieve these results by helping SPARK participants develop a sound, detailed business plan, in consultation with program staff and mentors; offer graduates a support network in the form of ongoing mentoring by successful professionals and business owners; and, if needed, help graduates secure a small business loan from a local bank that will allow them to launch their business. WEI will track the number of women who graduate from the program; the number who develop a business plan or Business Model Canvas in conjunction with a mentor (a copy of all participant business plans will be kept on file); and the number of new businesses launched by the three cohorts before December 31, 2020 (through the Indiana Secretary of State's Business Services Division's online database). Existing business growth will be tracked by new contracts, new hires, and increased revenue evidenced by surveys. WEI will also track the number of small -development related projects/businesses through post - graduation surveys. All participants will be surveyed to measure business skills gained or improved, new business connections made, and increased confidence as a businesswoman. Pro. rarer Expenses Salaries, Payroll Taxes & Benefits $ 6500 5