BREAKOUT SESSION VII MEASURING THE IMPACT OF ECONOMIC DEVELOPMENT ACTIVITIES *CDC BOARD/EXECUTIVE/MANAGEMENT TRACK*
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1 BREAKOUT SESSION VII MEASURING THE IMPACT OF ECONOMIC DEVELOPMENT ACTIVITIES *CDC BOARD/EXECUTIVE/MANAGEMENT TRACK* BALLROOM SALONS A-B THURSDAY, OCTOBER 19 10:30 AM 11:30 AM
2 THANK YOU TO OUR ALLIANCE PARTNERS
3 SPEAKERS Jack Brummel, Chairman of the Board Evergreen Business Capital Patti Kibbe, President & CEO Evergreen Business Capital David Main, President HCDC Moderator: Scott Davis, CEO Mountain West Small Business Finance
4 EVERGREEN BUSINESS CAPITAL History of Other Economic Development Activities: Incubator Building USDA Intermediary Relending Program (IRP) Set-up EBC Foundation Focused on Entrepreneurs & GREEN Current Other Economic Development Activities Multi-State giving Business/Entrepreneur Small Business Technical Assistance
5 EVERGREEN BUSINESS CAPITAL (CONT) How we engage the Board in discussions about your CDC s investment in Other Economic Development Activities Historically the EBC Board has Economic Development mission SBA requires an annual discussion/board members sign the Annual Certification New Board member orientation Board approves annual granting budget Board reviews and approves the grant applications Board members attending NADCO Hearing the amazing things others CDC s are doing Board/Staff reporting back after attending
6 EVERGREEN BUSINESS CAPITAL (CONT) CDC s Measurement of Impact on the Other Economic Development Activities: 504 Loans - Jobs Created Foundation Grants recipients are requested to give annual feedback on the impact of the grant given to them Areas to Improve upon Follow-up on missing reporting from Grant recipients Measurement of Impact Out Reach to the underserved markets Technical Assistance Jobs Created in other Loan Programs outside of 504
7 HCDC, INC. What is Economic Development? How Does it Occur? How is the Impact Measured?
8 HCDC, INC. HCDC, Inc. does other economic development
9 HCDC, INC. Financing programs HCDC has available: SBA 504 Loan Program Ohio Regional 166 Loan Program SBA ILP Program
10 HCDC, INC. HCDC owns and operates a business incubator. HCDC s Business Center assists early stage entrepreneurs in launching innovative and scalable business ventures. HCDC Business Center Programming Includes: ekickstart monthly entrepreneur educational seminars Morning Mentoring monthly meetings between four selected startup companies and business experts/mentors Business/Marketing Coaching As part of the incubator program, clients meet on a regular basis with dedicated business & marketing coaches
11 HCDC, INC. Business Incubator 2016 Results: 53 Incubation Clients 17 CoWorks Clients (with shared workspace) 65 New Jobs Created $24.1 Million in HCDC Business Center Client Revenue Investment by HCDC: Facility Improvements & Maintenance Financial Support of Programs Operational Working Capital
12 HCDC, INC. HCDC administers the Hamilton County, OH Economic Development Office. HCDC helps retain, expand, and attract businesses to Hamilton County, Ohio, through grants, financing, and development incentives. HCDC Economic Development Office Provides: Business Attraction/Retention Efforts Establishes and builds relationships between companies and local communities, and increases communication Tax Incentives Enterprise Zones and Community Reinvestment Area programs Business District Revitalization To remain competitive, HCDC provides assistance to businesses, developers, and government
13 HCDC, INC Economic Development Results: 40 Tax Incentive Agreements with Local Companies 1,147 Jobs Created or Retained $60.3 Million in New Investment Dollars
14 SBA Annual Report Requirements SBA Information Notice CDC Annual Report Guide (SBA Form 1253) TAB 1 - Economic Development Report
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