The Block Report: $15 million in Economic Activity for Genesis Block Companies

Creators Print House experienced great success in 2021 with the expansion of its current operation to a new location on Oleander Drive.

“The type of person you are is usually reflected in your business. To improve your business, first, improve yourself.” ― Idowu Koyenikan

Genesis Block resident companies experienced record growth and expansion in 2021. There were over 30 companies that participated in training programs at the Genesis Block Entrepreneur Academy. The Genesis Block Entrepreneur Academy offers students, four curriculum based programs that offer technical training and mentorship regardless of the stage in their entrepreneurial journey.

We are excited to report the annual performance of the companies enrolled in entrepreneur training academy and small business development ecosystem.

Genesis Block hosted over 75 entrepreneur training and small business workshops in 2021.

2021 Genesis Block Resident Companies By The Numbers

2021 Annual Revenue: $2,929,582

2020 Annual Revenue: $1,905,978

Year over Year Dollars Change: +1,023,604

Year over Year Percentage Change: +65.1%

2021 Real Estate Transactions: $13 million

2020 Real Estate Transactions: $7 million

Year over Year Dollars Change: +6 million dollars

Year over Year Percentage Change: +53.7%

Number of Employees: 92

Employees Number Change: +37 New Jobs Added

Estimated Economic Activity Between Companies: $34,561

2021 Total Economic Activity at Genesis Block: $15,964,143

Percentage of Companies with Revenue Increase: 96%

Number of Companies that Expanded Operations: 3 companies

Percentage of Companies Receiving Funding: 41%

Funding Received in 2021: $35,000

In 2021, Genesis Block hosted over 150 entrepreneur training classes, workshops, small business seminars and networking events intentionally designed to create opportunities for collaboration and connection.

Team Tsunami Cohort Superlatives

• Dixon Realty/Get That DEED: Largest total dollar revenue increase
• Jones Sunset Sauce LLC: Fastest growing company
• Creator’s Print House: Expansion to another facility
• Avonya’s Blends: Sold in National Retailer (Lowes Foods)

Team Phoenix Cohort Superlatives

• Puddle Jumpers: Largest total dollar revenue increase
• Premier Catering LLC: Fastest growing company
• Honey Head Films: Launched seed round for capital
• Art By Nugget: Mural partnerships with Lowes and Novant Healthcare Systems

Fun Fact

• Team Tsunami edged out Team Phoenix by $54,204 to win bragging rights as the cohort with the highest revenue totals
• Congratulations Team Tsunami

Genesis Block has a vision to leverage entrepreneurship as a mechanism for not only economic prosperity but social reconciliation.

Genesis Block has a vision to leverage entrepreneurship as a mechanism for not only economic prosperity but social reconciliation. We demonstrate this vision by creating environments where the community can engage freely. We believe that lowering the barriers to entrepreneurship opportunities is essential in order to create stronger communities, close gaps in disparities and provide pathways for economic prosperity

For more information on how you can become part of the movement, contact us at www.genesisblockilm.com or email our team at info@genesisblockilm.com.