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HomeMy WebLinkAboutReg 2019-05-20 Item 2A - Presentation - Small Business Development Center and StartZone ProgramHighline Economic and Business Development Programs Global Trade & Supply Chain Management CStart Zone An Initiative of Highline College Who We Serve StartZone: Underserved Communities - limited English proficiency (LEP), minority, immigrant, low -and -moderate income SBDC: Established or "promising startups," often with industry experience CStart zone An Initiative of High ine College SHIN ON Services and Training We Offer Sta rtZo n e No cost one-on-one business advising geared towards pre and early startups. Training • Reality Check 4-part series in English and Spanish • Business Online Marketing series • Tax workshops for small businesses • Specialty Initiatives ➢ Adult Family Home ➢ Urban Farming ➢ Food startups art Zone An Initiative of Highline College WASHIN ON Services and Training We Offer SBDC Primary service is confidential, no cost one-on-one business advising to established or "promising startups," often with industry experience. Training and Services • Online Marketing • Profit Mastery — Financial Education • New to Export • Research service for businesses fw Start Zone An Initiative o Highline CoI ego WASHIN ON Our Activity and Results StartZone SBDC 2018 2018 Group classes - 18 Helped 251 businesses / 1973 hours Technical assistance - 192 clients served 27 Business starts Job creation and retention - 18 41 Jobs created and 10 retained Business starts - 8 Increase is revenue $3,633,000 Micro loans - $10,000 Capital Investment $5,051,650 * Over 78% of the businesses StartZone helped are still in business An Initiative ©f Highline College WASHIN ON Tithr StartZone Client Stories Worked with the city to assist a client relocate from the Justice Center property to a new location in south King County. Retained 1 job and their livelihood. "They (SBDC advisors) are everything you would want when you need advice, are try- ing to grow your business, or are applying for a loan." Danny House, Owner Dan the Sausageman KijKpRjZh JP (9) cern Shockley helped..."This is where we are now, this is where we want to be. How do we get there?" Grant Jones, co-owner KuKuRula Gourmet Popcorn, Seattle, WA Three Trees Yoga owners: Jeni Martinez, "We never leave our advisor's office Suzy Green and Karen Schwisow without at least three great ideas, three action items and renewed focus and en- ergy for our business." Suzy Green, Co -Founder Three Trees Yoga, Federal Way, WA Verjee, a 2009 graduate of the entrepreneurship program at Babson College in Massachusetts, said he understands business plans and scalability and executing a good idea to its fullest potential. He also understands the value of the good advice and an experienced sounding board, both of which he found at the Washington SBDC. Jack Walsh, owner Sub Zero Ice Cream "Rich gave advice and feedback and helped us significantly," Walsh said. Jack Walsh, owner Sub Zero, Federal Way, WA SBDC Client Stories Business was selected by Highline College to provide table gifts to the sponsors at the Highline Foundation Gala Start Zone An Initiative of Highline College WASHIN ON Funding Support From Our Cities StartZone Established in 2008 Funding * Need —stable long term funding $120,000 Port of Seattle (2019) City of Burien City of Renton City of Federal Way (2019) SeaTac, Tukwila, Des Moines, etc. (funding eliminated 2019 — King County CDBG) An Initiative of High(ine Coliege $50,000 $20,000 $15,000 $30,000 WASHIN ON Funding From our Partners Established at Highline College in 2002 Funding SBA /Congress (requires $1 for $1 match) $118,000 Soundside Alliance $ 50,000 Soundside Alliance one time support (2 year —ends 2019) $ 27,600 City of Federal Way $ 20,000 Federal Way Chamber one time support $ 15,000 Highline College $ 15,000 An Initiative o Highline College SHIN ON Highline College Economic & Business Development CStart Zone An Initiative of Highline Coliege WASHINGT