City of Reno announces Reno Accelerator Fund recipients
The City of Reno has named the 11 recipients of the first round of its Reno Accelerator Fund (RAF). The $200,000 program is supported by Community Development Block Grant (CDBG) funds from the U.S. Department of Housing and Urban Development and designed to provide early-stage financing to promising startups.
The RAF program was developed in October 2013 to advance one of Reno City Council’s main priorities — to “Promote a Sustainable and Vibrant Economy” — and support Reno’s blossoming entrepreneurial community.
- American Duchess
- BootRoxx (pictured above)
- EasyKeeper Herd Manager
- Inqiri (pictured below)
- Sierra Delectables
- Under the Rose Brewing Company
“The goal of the program is job creation, and we exceeded the target set forth by Reno City Council,” Kerslake says. “We also raised the profile of the City of Reno within the entrepreneurial community and attracted attention from other cities such as Davis [California] and Las Vegas.”
“The Reno Accelerator Fund is an important tool in our economic development toolkit,” says Doug Erwin, Vice President of Entrepreneurial Development for the Economic Development Authority of Western Nevada. “This fund helps us support our local startups and helps us attract new startups to the community.”