Regional Entrepreneurship and Regional Entrepreneurship and Economic Development (REED) Economic Development (REED)

CenterCenter

A Business-Education Partnership A Business-Education Partnership Supporting Today’s Supporting Today’s

(and Tomorrow’s)(and Tomorrow’s)

Small Business OwnersSmall Business Owners

SMALL BUSINESS SMALL BUSINESS STATISTICSSTATISTICS

Americans Attempting to Start Own Businesses

10,000,000

3,333,333 2,200,000 1,333,333

ATTEMPTS Start-ups At 2 years At 6 years

STATE’S ECONOMIC STATE’S ECONOMIC STATUSSTATUS

SERVICE AREA SERVICE AREA

PrimaryPrimary• WeakleyWeakley• CarrollCarroll• GibsonGibson• HenryHenry• ObionObion

•Secondary

•Benton

•Crockett

•Dyer

•Lake

•UnemploymentUnemployment

•Bankruptcy

•Per Capita Income

•10-Year Growth

REED CENTER SERVICESREED CENTER SERVICES

Programs and Training SessionsPrograms and Training Sessions• Effective start-upsEffective start-ups• Product positioningProduct positioning• Employee benefitsEmployee benefits

Services and AssistanceServices and Assistance• Preparing business plansPreparing business plans• Identifying sources of financingIdentifying sources of financing• Managing cash flowManaging cash flow• Personal financial planningPersonal financial planning

PARTNERSPARTNERS

Reelfoot BankReelfoot Bank

City City of of MartMartinin

RESOURCES AND RESOURCES AND FACILITIESFACILITIES

The “Larry Taylor” BuildingThe “Larry Taylor” Building(406 South Lindell Street)(406 South Lindell Street)

Over 1600 total square feet:Over 1600 total square feet:• Help DeskHelp Desk• Resource CenterResource Center• Consultation OfficeConsultation Office• Conference RoomConference Room• ClassroomClassroom

Web SiteWeb Site

LOCATIONLOCATION

Current Site

Proposed Facade

TIMEFRAMETIMEFRAME

ACTIVITY Sep Oct Nov Dec Jan Feb Mar

Await grant approval              

Bid renovation contract              

Hire center coordinator              

Purchase equipment              

Undertake renovation              

Install equipment              

Initiate marketing plan              

Hire support staff              

Schedule consultants              

Organize & prepare space              

GRAND OPENING