Scranton, Pennsylvania, has long been a city of industrious spirit and innovation. Today, this legacy continues as numerous local organizations and initiatives provide robust support for entrepreneurs and small businesses. Whether you’re launching a startup or looking to expand an existing venture, Scranton offers a wealth of resources to guide you on your journey.
University-Led Initiatives
The University of Scranton’s Women’s Entrepreneurship Center
Housed within the Kania School of Management, the Women’s Entrepreneurship Center (WEC) offers business startup information, guidance, and encouragement, particularly targeting lower-income individuals and those undergoing life transitions. Programs like StartUP—a live six-week series—and StartUP Virtual provide comprehensive guidance through the process of starting a business. Additionally, the Coffee & Confidence sessions offer inspiration and networking opportunities. For more information, email wec@scranton.edu.
Penn State Scranton’s Center for Business Development and Community Outreach
Serving the Scranton, Wilkes-Barre, and Hazleton areas, this center provides continuing education, professional development, and career advancement resources. It offers workshops, certificate programs, and customized corporate training opportunities tailored to the region’s educational and professional development needs.
Business Incubators and Accelerators
IGNITE Program
Operated by The Greater Scranton Chamber of Commerce, the IGNITE Program nurtures young companies by providing resources such as high-quality office space, hands-on management assistance, financial resources, intensive mentoring programs, and networking opportunities. The program has successfully created 580 jobs, raised $5 million in capital, and graduated 57 companies.
Scranton LaunchBox
Established in 2018, the Scranton LaunchBox is a pre-incubator/accelerator service that assists local entrepreneurs in advancing their concepts to business plan development. Staffed by Penn State Scranton faculty, staff, and students, it offers free services to the community, including one-on-one mentoring, business counseling, and expert guidance.
Financial Support and Grants
City of Scranton’s ARPA Grants
In March 2023, the City of Scranton awarded over $300,000 to support the creation and expansion of small businesses. These grants are part of the city’s $68.7 million in American Rescue Plan Act (ARPA) funding, aiming to foster entrepreneurship and employment opportunities throughout Scranton.
MetroAction Small Business Loan Program
As the small business affiliate of The Greater Scranton Chamber of Commerce, MetroAction specializes in providing term loans to startup and expanding businesses. This program is designed to fuel business growth and support entrepreneurs in their ventures.
Educational Programs
Entrepreneurship Major at The University of Scranton
The University offers an entrepreneurship major that equips students with the skills and knowledge to start new businesses, work in family businesses, evaluate startup ventures, or serve as project managers in established organizations. The program emphasizes practical experience through student-run businesses and experiential learning opportunities.
Community Support
The Scranton Plan
Committed to supporting the development and growth of new businesses in Lackawanna County, The Scranton Plan offers programs and incubator facilities to assist entrepreneurs and transitioning businesses. Their team provides resources to help businesses in various stages of development.
Scranton’s entrepreneurial ecosystem is rich with resources designed to support and empower local businesses. By leveraging these programs and initiatives, entrepreneurs can find the guidance, funding, and community support necessary to thrive in today’s competitive market.