1 / 9

Building Our Local Economy

Building Our Local Economy. 2011-2016 Goal Help 500 entrepreneurs grow their skills. Regional Impact 1,300 businesses have been started, stabilized or grown $15 million in loans to 400+ businesses $7.7 million in capital.

dennis-donovan
Download Presentation

Building Our Local Economy

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. Building Our Local Economy • 2011-2016 Goal • Help 500 entrepreneurs grow their skills. Regional Impact • 1,300 businesses have been started, stabilized or grown • $15 million in loans to 400+ businesses • $7.7 million in capital

  2. Closing the Skills GapTransforming the entrepreneur’s skills: Maximizing their potential Tier 1- Operator↓Tier 2- Manager↓Tier 3- CEO

  3. Starting A Business Be Clear: Thinking About Your Business Be Smart: Launch Your Business Start up Consulting

  4. Growth • “Have you been in business for +2 years and have a desire to grow? What’s stopping you?” • Be Strategic: Grow Your Business–Aitkin, Cloquet, Duluth, Grand Marais, Grand Rapids, Hibbing, I-Falls, & Two Harbors • Strategic Review and Recommendations (SRR) • Business Performance Coaching

  5. Small Business Financing • Offering • Business loans up to $150,000 with flexible terms • Start up, growth, working capital, equipment, etc. • Sole lender or in partnership with other lenders • Benefits • Flexible financing • Ongoing support from entrepreneurs • Business Lending Relationship

  6. Resources • U. S. Small Business Administration • Microloan Program • 7a Loan Guarantees • Women’s Business Center • USDA Rural Development • Intermediary Re-Lending Program (IRP) • CDFI Fund, US Department of the Treasury • Community Development Financial Institution(certified)

  7. ContactMary Mathews President & CEOEntrepreneur Fund202 W. Superior ST., Suite 311Duluth, MN 558802218-623-5724entrepreneurfund.orggreenstonegroup.org

More Related