b'OPPORTUNITY LIVES HEREWorkforce Opportunities in High Growth SectorsAdvancing TechnologyRecommendation 2.2: Grow Entrepreneurship Opportunities and Increase Access to CapitalAction: Expand entrepreneurship options for access to capital to purchase land, rehabilitate existing buildings, and/or expand operations.Rationale: The District must continue to support minority businesses and their ability access to funds to grow their business. The City of Wilmington is already home to a robust CDFI collaborative that supports housing development, small business development and entrepreneurial support, and community facilities that bring resources to the local community, so this recommendation would build upon those assets.Impact: One of the greatest challenges for entrepreneurs is access to capital. Finance is the lifeblood of every company, but for new firms, capital is especially critical. Most firms rely on private external financing in two formsdebt and equityalthough government grants, investment funds, and special tax breaks can also provide opportunities for entrepreneurs to grow their business.Components Timeline1.Support the expansion of venture capital firms that can invest in local startups. 2.Set up a competitive awards-based program to incentive start-ups with promise. 3.Connect entrepreneurs to research institutions to help bridge the gap between prototype and commercialization.4.Support capital for retail or incubation in designated corridors.Delaware Three Rivers Area Economic Development Master Plan 128'