1 / 28

Innovative Partnerships to launch new businesses and create new jobs in rural communities

Innovative Partnerships to launch new businesses and create new jobs in rural communities. Barry Ryan Institute for Rural Entrepreneurship N.C. Rural Economic Development Center. Dr. George Millsaps Small Business Center Network North Carolina Community Colleges. Overview.

brent
Download Presentation

Innovative Partnerships to launch new businesses and create new jobs in rural communities

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Innovative Partnerships to launch new businesses and create new jobs in rural communities Barry Ryan Institute for Rural Entrepreneurship N.C. Rural Economic Development Center Dr. George Millsaps Small Business Center Network North Carolina Community Colleges

  2. Overview • N.C. Facts and Perspective • Small Business Development in N.C. • Program Model / Partnership Evolution • NOW • GATE • Ventures • Lessons Learned

  3. The State of North Carolina • 10th population • 9.6 million • 68.5% white • 21.5% black • 1.3% American Indian • 8.7% all other • GSP $425B(USD) • Avg. Household income $45,570 (USD) • Business Ownership • 16.8% minority • 28.2% women

  4. The State of North Carolina • Highest mountain in Eastern US • 3rd Largest Banking Center • Historically Agriculture and Medium Manufacturing • 120 Colleges and Universities including 58 Community Colleges

  5. NC Public Higher Education • University of • North Carolina • 1st Public University • 16 Campuses • Board of Governors • Strong Central Office • State Agencies • North Carolina Community Colleges • Two-year Colleges • Vocational Education • 58 Campuses • Strong Local Control • Local Entities

  6. History of Small Business Services in NC • Pre 1984 – “add on” (NC Ag, etc.) • Early 1980s – Major Networks (SBTDC, SBCN), • Late 1980s-2000’s – Sector Specific • Mid 2000’s – Provider Level Coordination • Current – Policy Level Coordination, Provider Level Partnerships

  7. State Level Policy Developments • SB Budget Priority in late 2000’s • SBCN/SBTDC Exempted from Public Records Law • Small Business Commission • Public/Private Partnerships

  8. SBCN Today The most extensive state funded small business assistance program in the nation

  9. SBCN Organizational Hierarchy

  10. SBCN FY 2012-2013 Impacts at a Glance • 3,781 Entrepreneurship Training Events • 46,782 Event Attendees • 6,971 Counseling Clients • 17,664 Counseling Hours • 1,732 Jobs Created • 1,235 Jobs Saved • $2,097 Per Job Created/Retained • 528 Business Startups

  11. Rural North Carolina

  12. N.C. Unemployment - 2009 • Rural North Carolina UI rate: 11.9% Prepared by the Labor Market Information Division, Employment Security Commission of North Carolina 12_2009

  13. N.C. Unemployment - 2013 • Rural North Carolina • UI rate: 8.8% • # Unemployed : 416,767 • #Self-emlpoyed: 212,786 Prepared by the Labor Market Information Division, Employment Security Commission of North Carolina 12_2009

  14. Partnership Model Prepare the Workforce for Tomorrow’s Jobs Workforce Development Workforce Development Business Development Create Tomorrow’s Jobs

  15. Program Model Evolution 2004-2007 2009- 2012-

  16. Offered in 22 community college sites in N.C. 2004-2007 • Thousands of dislocated workers attended information sessions • Built to fit community college infrastructure and procedural system • Hundreds received free training, but relatively few business starts New Opportunities for Workers

  17. Launched in 2009 - $1.6M from USDOL • Program model built around case management and coaching • Built to leverage community college capabilities and strengths • One-on-one assessments and customized training plans • Work search waiver and microloans Growing America Through Entrepreneurship

  18. GATE Partners

  19. GATE Client Profile

  20. 1,500 scholarships awarded to clients from 83 N.C. Counties • 8,000 hours of counseling and over $250,000 in tuition reimbursements • 203 GATE clients have started a business creating 534 jobs to date. GATE Results 2009- present

  21. Kimberleigh – Irish Pub • Celtic Fringe, Reidsville Client Case Example Juan -Landscaping Green Knights Landscaping

  22. Builds on GATE model, targets rural young adults ages 18-30 • Virtual Service Delivery • Emphasis on online training • Average scholarship provides $300 in coursework • Innovative finance solutions New Generation Ventures

  23. Microloan Circles • 5-6 clients meet using Google hangouts and make loan recommendations to the Rural Center. • Small loans (most under $5,000) and short terms (less than 1-2 years). • 2 clients funded to date, additional rounds coming soon! New Generation Ventures

  24. Ventures Client Profile

  25. Results 2012 - present • 216 young adults served • Average age: 26 • 35 business starts • 23 existing businesses • 84 jobs created New Generation Ventures

  26. Training is necessary but not sufficient. Training is best when customized to client needs • Case management is key. Traditional counseling model doesn’t work for rural dislocated workers and young adults. • Community college / non-profit partnership leverages strengths of both organizations • Job search waiver helps to create a runway for those who are unemployed.. Lessons Learned

  27. Questions / DiscussionOur Contact Info Dr. George Millsaps Small Business Center Network North Carolina Community Colleges millsapsg@nccommunitycolleges.edu (919) 807-7217 Barry Ryan Institute for Rural Entrepreneurship N.C. Rural Economic Development Center barry@ncruralcenter.org (919) 250-4314

More Related