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Building Our Local Economy 2011-2016 Goal Help 500 entrepreneurs grow their skills. Regional Impact 1,300 businesses have been started, stabilized or.

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Presentation on theme: "Building Our Local Economy 2011-2016 Goal Help 500 entrepreneurs grow their skills. Regional Impact 1,300 businesses have been started, stabilized or."— Presentation transcript:

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2 Building Our Local Economy 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

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

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

5 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

6 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

7 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)

8 Contact Mary Mathews President & CEO Entrepreneur Fund 202 W. Superior ST., Suite 311 Duluth, MN entrepreneurfund.org greenstonegroup.org

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