In Charlotte’s dynamic business environment, minority-and women-owned enterprises often face unique challenges when striving to scale.
Recognizing this, the CLT Alliance Foundation, in collaboration with Entrepreneurs’ Organization (EO) Charlotte and the City of Charlotte, launched Scale Up CLT.
This transformative business accelerator program is designed to empower these entrepreneurs to overcome obstacles and achieve significant growth.
Helping Business Owners Break the $1M Revenue Ceiling
Nationally, only about 4% of businesses reach the $1 million revenue mark. Scale Up CLT is changing that narrative. Participants in the program have experienced incredible revenue growth, with 21% of participants surpassing the $1 million milestone.
Two participants—Sharon Allen, Agency Director of H&S Therapeutic Services, and Alaa BouGhanem, Founder and CEO of AB Group—achieved this significant milestone within their first year in the program.
Empowering Business Owners with Mentorship and Community
Scale Up CLT offers more than just business training; it provides a comprehensive support system. Participants receive mentorship from seasoned entrepreneurs, access to a network of local business leaders, and opportunities to connect with city officials.
This peer-driven approach ensures that strategies and resources are tailored to the unique challenges faced by minority-and women-owned businesses.
Real Stories of Transformation from Scale Up CLT
The impact of Scale Up CLT is best illustrated through the successes of its participants. Khaleel Loyd, founder of Loyd Visuals, credits the program for providing the tools and guidance necessary to scale his business effectively.
Through Scale Up CLT, he expanded his team from five to 12 members and secured partnerships with prominent organizations like the LA Rams and Honeywell.
Giovani Gonzalez and Raymond Jordan were recognized with awards for their leadership and contributions, highlighting the caliber of entrepreneurs within the program.
Investing in the Future of Charlotte Business Owners
Participants of Scale Up CLT receive a scholarship valued at over $10,000, which includes a partial payment of $1,500 toward EO Accelerator dues. In return, they commit a personal investment of $1,000, demonstrating their dedication to their business growth.
This investment grants them opportunities to access invaluable resources, mentorship, and a supportive community that continues to yield tangible results.
Apply to Join Scale Up CLT Today
Applications for the 2025/2026 Scale Up CLT cohort are open until April 30, 2025, at 5 p.m.
If you’re a minority or woman business owner in the Charlotte region with annual revenues between $250,000 and $999,999, this is your opportunity to break through barriers and scale your business to new heights.