small business resources & essentials
DESCRIPTION
Small Business Resources & Essentials. City of Austin Economic Development Department Small Business Development Program August 5, 2014 Vicky Valdez & Xavier Zarate. Economic Development Department. Small Business is Big Business. - PowerPoint PPT PresentationTRANSCRIPT
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Small Business Resources & Essentials
City of Austin Economic Development Department Small Business Development Program
August 5, 2014Vicky Valdez & Xavier Zarate
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Economic Development Department
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• Over 90% of Austin businesses employ fewer than 100 employees; over 80% employ few than 20
• 2 in 5 Austin workers are employed by a local small business
• Austin businesses with less than 20 employees generated an estimated $15.4 million in sales tax revenue in 2011
Small Business is Big Business
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Portal For Small BusinessA resource for entrepreneurs starting a new business or
enhancing an existing business
Business Solutions Center
Technical Assistance Special Events
LocallyAustin.org
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Family Business Loan Program
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• Business Development• Accessing Capital• Business Education
Technical Assistance
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• Provide resources and information to navigate the land development and permitting processes
• Monthly Orientation classes to describe the development process to entrepreneurs
Technical Assistance
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Special Events
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• Web-based research tools• Demographics• Sales Leads• Real Estate• Government Procurement• General Business
• Staff provides assistance and information
• Business resource library• 8:30 – 4:30 Mon. – Fri.
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Business Solutions Center
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LocallyAustin.orgInvest a minute. Gain a Customer!
Zero Cost , Quick Sign-Up, Small Business Map & Directory
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Public-private partnership to support small business expansion and create jobs.
Lending partners1. Bank Partner: Private Sector Loan Component2. Community Development Corporation: SBA Section
504 Loan Component3. City of Austin: HUD Section 108 Loan Component
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Mission
• Enable existing local businesses to expand and create jobs
• Revitalize communities• Increase the City’s tax base• Enhance the overall quality of life in
Austin
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Eligibility Criteria
• Small business located in Austin• Strong credit-worthiness• Demonstrated financial need• In operation for at least two years• U.S. citizens with no local, state, or federal
taxes in arrears• Commit to job creation
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Small Business Expansion Financing
CDCBank CoA
$$
Small Business Borrower
$ $
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Major Accomplishments
• Executed athenahealth and Websense agreements resulting in 1,077 new full-time jobs.
• Awarded a Gold Excellence in Economic Development in the category of Responding to Globalization from International Economic Development Council out of all major cities worldwide
• Awarded a Gold Excellence in Economic Development in the category of promoting local business from IEDC out of all major cities worldwide.
• Forged the Toronto-Austin Music Alliance, the first of its kind music-specific trade and export alliance.
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Major Accomplishments
• Awarded a $400,000 ArtPlace America grant to prototype a creative community with Fusebox, developers of thinkEAST Creative District and Bullseye Business Development that will transform the remediated “tank farm” acreage into an Art Village.
• Awarded a $256,500 ArtPlace America grant with GO collaborative and arts partners to map Cultural Assets with 10-ONE District that will coincide with the citywide commercial revitalization strategy.
• Sold the first of four parcels in the Green Water Treatment Plant project for $15.8 million to build 40,000 square feet of retail and office and a 38-story apartment tower.
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SBDP Awards
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2014 Graphic Deisgn USA American Inhouse Design Awards – Meet the Lender Business Loan Fair
2013 International Economic Development Council (IEDC) Gold Award – LocallyAustin.org in the Paid Promotion Campaign 2013 International Economic Development Council (IEDC) Bronze Award – LocallyAustin.org in the General Promotion Category
2012 American In House Design Award (Utility Insert, Women’s Luncheon, Getting Connected)
2011 Austin Liveable City Vision Award – Economy 2011 International Economic Development Council (IEDC) Awards – IBIZ Districts in Neighborhood Development Category 2011 International Economic Development Council (IEDC) Awards – SBDP Program in Entrepreneurship Category 2010 Ash Center for Democratic Governance and Innovation, Harvard Institute, “Bright Ideas” (Meet the Lender)
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One Texas Center505 Barton Springs Road
Austin, TX 78704
Connect with us on Facebook and Twitter @SmallBizAustinwww.AustinSmallBiz.org
512.974.7800
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Economic Development Department