In Birmingham, VFA is uniquely positioned to support minority entrepreneurs through its ongoing efforts to identify and recruit underrepresented candidates to participate locally in the fellowship, Russell said. The result is one of VFA’s most selective, skilled and diverse classes in its history. This year, VFA received more than 3,000 applications for the 2021 Class of VFA Fellows, with an acceptance rate of about 8%. VFA draws talent from a high-caliber and diverse pool of graduates from more than 150 colleges and universities across the country. VFA will take the lead in supporting the four chosen Economic Empowerment Cohort companies in hiring a full-time 2021 VFA fellow to join their teams. I am ecstatic about this partnership and how the growth of this Economic Empowerment Cohort will impact the VFA Birmingham community.” “It will also be an opportunity to showcase our impressive Founders of Color and the organizations that support them on a national stage. “This partnership and this cohort will have a significant impact on the innovative young talent we recruit to Birmingham from across the country,” she said. “The Alabama Power/VFA Economic Empowerment Cohort provides an opportunity for four of these organizations to obtain the talent and skills they need, at a subsidized cost to them, to help make that growth happen.”Ībby Guerin Russell is the senior director for VFA Birmingham. “Birmingham is filled with passionate and forward-thinking minority entrepreneurs who want to grow their businesses and their impact,” said Tequila Smith, president of the Alabama Power Foundation. Businesses interested in applying can obtain details by visiting.
The foundation and VFA are recruiting minority-led or minority-supporting businesses/organizations in the Birmingham area to apply to be among the four selected to participate in the cohort.
These recent graduates will help provide the brainpower to support Birmingham-area entrepreneurs as they grow businesses or organizations, while also contributing to the growing and diverse economic ecosystem in Birmingham. The foundation will cover the majority of costs for the Economic Empowerment Cohort to hire young, entrepreneurially minded VFA fellows to support four BIPOC-led startups, BIPOC-supporting organizations or a combination of both, for two years. The Alabama Power Foundation is partnering with Venture for America (VFA) in a groundbreaking initiative that will connect graduates from leading colleges to four Birmingham-area organizations being led by or supporting entrepreneurs who are Black, Indigenous or people of color (BIPOC). The Alabama Power Foundation is partnering with Venture for America in the new Economic Empowerment Cohort program.
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