FAQs • Durham Economic Development, NC • CivicEngage

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What are the requirements to participate in MFA for Microenterprise?

Business is a microenterprise - which means the business has 5 employees or fewer.
Business is a currently operating, for-profit businesses. This includes sole proprietorships, independent contractors, and home-based businesses.
Located within Durham city or county limits.
Must meet low-to-moderate income standards as defined by the U.S. Department of Housing and Urban Development. Learn more here.

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Microenterprise

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1. What are the requirements to participate in MFA for Microenterprise?

Business is a microenterprise - which means the business has 5 employees or fewer.
Business is a currently operating, for-profit businesses. This includes sole proprietorships, independent contractors, and home-based businesses.
Located within Durham city or county limits.
Must meet low-to-moderate income standards as defined by the U.S. Department of Housing and Urban Development. Learn more here.

2. What will I learn as a participant of MFA for Microenterprise?

Recordkeeping and cash flow reporting
Tax planning methods
Financial management practices and financial planning
Business profit and loss projection
The ins and outs of accounting systems such as Quickbooks Online
How to improve the overall financial health of your business

In addition to all these skills, your instructors can also provide one-on-one advising so that you can ask questions specific to your business.

3. What day and time are the program sessions?: The program will run for four weeks, from October 18 - November 10. Each week during this time period, the class will meet virtually on Tuesday and Thursday mornings, from 8am - 10am.

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