Leading edge Entrepreneur Group, LLC DBA The Business Connectionne: Small Business Education Academy

ID

273

OrgName

Leading edge Entrepreneur Group, LLC DBA The Business Connectionne

PhysicalAddress

8305 Weber street, Omaha Ne 68122

MailingAddress

Website

www.thebiusinessconnectionne.com

SocialMediaAccounts

https://www.facebook.com/byBCClark

Name

BC Clark

Title

President/Program director

EmailAddress

bc@thebusinessconnectionne.com

Phone

+1 (402) 763-0540

Team

Yes

TeamExplanation

Dr. Martin Williams, Business Advisor/mentor; Nicole Louis,Program Coordinator; Angelia thomas, Financial Advisor, Diva Mejias, Tax Advisor;

OrganizationalChart

uploaded

OtherCompletedProjects

Building credit as an asset, business plans, proven facilitation for 3 Sisters, Director of programs for 3 cohorts for Grow Nebraska WBC, clients of the business connection proven stats, credit increased, for the immigrants and many women owned small businbesses.

ProposalTitle

Small Business Education Academy

TotalBudget

60449.0

LB1024GrantFundingRequest

36269.0

ProposalType

Service/program

BriefProposalSummary

Our focus at The Business Connection is to prepare small business owner for success from the start of their business. The Small Business Education Academy is a six-month program geared to provide education. We will cover business plan development, financial literacy for both business and personal, credit repair and building credit as an asset, filing legal documents for business, taxes, professional development, money management, funding sources, business resumption planning, mentoring, one on one consultations, marketing, brand development, company culture development, organizational charts and pitch development. We will be working with 25 business owners in each session to build their business to be successful enough to hire a minimum of one new employee. We are also looking to increase their credit score by 100 pts. All the participants will be from North of Cummings to Martin Avenue and East of N 72nd Street to N 10th Street as well as South of Martha to U street and East of S 50th street to S 10th Street. The Small Business Education Academy will be in two sessions the January to June session and July to December session of 2023. The first two sessions will be completed by December 31, 2023. At which time will have graduated 50 small business owners, created 100 jobs. We are also looking to prepare all participants to be ready to obtain loans if applicable.

Timeline

24 week program starts January 2023: Cohort 1- 25 people July 2023 : Cohort 2-25 people The program plans to continue in 2024, collected data and accountability of funds will be gathered by January 2024, as Cohort 3 gets started) and by July 26, we plan to have trained 175.

PercentageCompletedByJuly2025

1.0

FundingGoals

Fundamental Change (i.e., a proposal that will continue to elevate North or South Omaha's presence and perception within the region, significantly improving the lives of area residents through physical development) Long-Lasting Economic Growth (i.e., a proposal that will foster gainful employment opportunities and financial investment in the area, leading to the creation of generational wealth and widespread economic vitality in North and South Omaha) Transformational (i.e., a proposal that will help energize, recharge, or spur significant and favorable advancements in North or South Omaha's function or appearance)

Community Needs

Other Other Infrastructure (i.e., develop or improve broadband, business districts, roadways, sewer, etc.) Quality of Life (i.e., create or enhance natural spaces, mixed uses, parks, safety, etc.) Sustainable Community (i.e., create or enhance housing, services, education, civic uses, recreation, etc.)

OtherExplanation

ould push for viable business operating on North 24th street

ProposalDescriptionAndNeedsAlignment

Addressing underserved, underemployed, unemployed, LMI and increasing quality of life through employment, job creation, wealth creation, new businesses boosting local economy, decreasing crime in low income communities.

VisioningWorkshopFindingsAlignment

My experience over the last 20+ years, I have seen the needs and have collected data. Especially North Omaha businesses, that have started without the business education and often times the business fails. With the Small Business Education Academy cohorts are in a program that takes them from beginning of the start to a successful launch, and then ongoing mentoring to assist along the way.

PrioritiesAlignment

A few things needed in the business community, business owners need capital, there's capital, but they are not prepared for it. In the (Small Business Education Academy(SBEA), they get to have a certified master trainer to build credit as an asset, change their credit status in 4-6 months. Financial literacy, Understanding business taxes, Business credit and how to obtain it, management & operation, marketing their small business. By training business owners to manage and operate their business with knowledge allows them to continue to grow their business and begin to hire employees. That will change the neighborhood and the community along with the new hires and their families.

EconomicImpact

If we get the funding we train 50 entrepreneurs/business owners a year over the next 3 1/2 years, 175 trained business owners, with viable businesses, they each have a job and hire at least 1 employee, the potential of 350 jobs by 2026.

EconomicImpactPermanentJobsCreated

Anticipated 175 jobs

EconomicImpactTemporaryJobsCreated

175 Entry level to advanced according

EconomicImpactWageLevels

25,000-75,000

EconomicImpactAlignProposedJobs

Collaboration with other larger organizations, as well as Work Force Development Solutions

CommunityBenefit

By educating business owners to build viable businesses in the community, to hire in the community, by increasing the value of the properties in the community. When people work and own their property they tend to take care of it. That changes the community and can cause community buy in.

CommunityBenefitSustainability

Just think about it, we have growing businesses in the community, we have people hired from the community, so we have changed 2 to 3 families in that one change. If multiple businesses hire in the community how many communities could we change. It would change their quality of lie there would be hope.

BestPracticesInnovation

Innovation is key to moving the needle even in the small communities in north omaha, having innovative systems that brings efficiency to economic growth.and

OutcomeMeasurement

If the buiness owner is educated and applying the knowledge sustainable job creation, better credit scores, higher wages.

OutcomeMeasurementHow

Assessments, credit review, access to capital, census reporting

OutcomeMeasurementCoinvestment

It has the potential depending on the type of business

Partnerships

Yes

PartnershipsOrgs

Martin Williams International-Business Advisory & mentorship, NEF-business loans, ILoveMe Enterprises Business facilitation,MOWBC -Technical Assistance

PartnershipsMOU

1

Displacement

No

DisplacementExplanation

PhysicalLocation

The workshops will be held at the Connects, 2112 N. 30th Street , Ste 105 this location is a meeting space for training and other community needs.

QualifiedCensusTract

Within one or more QCTs

AdditionalLocationDocuments

Is not a brownfield site,

PropertyZoning

Yes

ConnectedToUtilities

ConnectedToUtilitiesConnected

Yes

ConnectedToUtilitiesUpgradesNeeded

No

DesignEstimatingBidding

No

DesignEstimatingBiddingPackageDeveloped

No

DesignEstimatingBiddingCostsDetermined

The space is just a rental, you can rent by the hour and set the space for to re-occur

GeneralContractor

No

GeneralContractorPublicCompetitiveBid

GeneralContractorPublicCompetitiveBidWhyNot

RequestRationale

see budget

GrantFundsUsage

It will be used to acquire equipment, supplies, materials for the proposal

ProposalFinancialSustainability

Yes

ProposalFinancialSustainabilityOperations

By raising funds through sponsorhip, training fees, offering additional master classes, book sales, online courses.

FundingSources

Anticipating exploring for this proposal.

FundingSourcesPendingDecisions

Not sure when will be finalized,

FundingSourcesCannotContinue

Yes

Scalability

It is scalable, but can also be completed in smaller stages/components

ScalabilityComponents

Each session can be eparated and be a complete package

FinancialCommitment

24179, through other items described in the proposal

ARPAComplianceAcknowledgment

1.0

ARPAReportingMonitoringProcessAck

1.0

LB1024FundingSourcesAck

1.0

PublicInformation

1.0

FileUploads

Data table of uses (breakdown of how the requested funds will be used for your proposal) Organizational Chart Proposal Budget/Sources and Uses Request Rationale Documentation Schedule