RUSSELL TECHNOLOGY BUSINESS INCUBATOR

The Russell Neighborhood was once known as “Louisville’s Harlem” for its strong African American business presence, but the area took a major decline after World War II and intensified during misguided urban renewal efforts in the 1960’s that demolished the commercial area. Russell is predominantly Black in a Metro where Blacks account for less than a quarter of the population. Household poverty rates in the neighborhood are 3.5 times higher than the general Louisville population and 60% of the households live below the poverty threshold. This work is critical. There are no incubators in West Louisville and the closest incubator in the Metro area is 13 miles away.

AMPED works collaboratively with other organizations dedicated to helping Black businesses succeed in Louisville. Key partnerships include the Louisville Urban League, the Louisville Small Business Development Center,  and the Black Business Association/Buy Black Lou. Collectively, we are providing better, more coordinated technical assistance for Black businesses in our city.

 

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Our Community Partners

Our Mission

The mission of the Russell Technology Business Incubator (RTBI) is to create a space for economic growth, mobility, entrepreneurship, and independence. RTBI is designed as a state-of-the-art Black business incubator and technology service center offering business development training, business services, assessments, referrals, and wraparound services to incubating businesses. RTBI will provide the support small businesses need to launch in West Louisville communities. Which include access to Startup Coaches, training, stipends for living expenses, and access to seed capital needed for their businesses to maximize their potential for success. Within three to five years, RTBI will be a national model for creating spaces for businesses that foster economic growth, mobility, entrepreneurship, and independence.