OBJECTIVE( S) To create a holistic and supportive ecosystem that ensures Alabama minori t y and female business owners ; especially African Americans stay in formed, have access to funding , workforce development opportunities, and resources n eeded to C OMPETITIVELY Com pete, Succeed, a nd Excel ! “D OING B USINESS IN A LABAMA ” LOGIC MODEL PROBLEM SUBPROBLEM(S) ACTIVITIES OUTPUT MEASURES O UTCOME MEASURE S Short T erm | End of Y ear 1 Mid Term | E nd of Year 3 Long Term | End of Year 5 GOAL(S) Female and Minority Business Owner, Entr epreneu r and Nonprofit Leader Eco nomic Inequali ty an d Barriers t o Entry LACK OF COMMUNICATION AND SUPPOR T NETWORK L ACK OF EDUCATION AND UNDERSTANDING ▪ 5 Cs of Credit : Character, Capacity, Capital, Condition s and Collateral ▪ Business Competencies ▪ C ontract P rocurement ▪ Loan Process & Requirements PERVASIVE POVERTY ▪ Su b standard Housing ▪ Hi gh School Dropout s ▪ Lo w College Enrollment ▪ M ass Incarcer ation ▪ Juvenile Delinquency ▪ Restrictive Votin g Laws U NDERCAPITALIZED COMPANIES ▪ Lo w Loan Approval AND Contract Procurement Rates ▪ Low Sales & Profits, Inability To Produce Additional Jobs ▪ Most Likely To Fail “ Doing Business in A labama ” Minority Business Training Coho rt Pilot Proj ect Em powerment Summit Contract Opportunities for Minority Women: Your YES is Closer than you think ! Symposium Quar t erly Mixer & E mpower ment Workshops The REAL Black Friday S eries of asses sments, int en s ive supporti ve services and tec hni cal assistance as it relates to Access to Capital , Business Plan s, Certifications , F inances , Government Contracts , Legal , M arketi ng , and Taxes for 300 minorities over a five (5) year period where we will measure our effectiveness by participant: Increased Credit Sc ores , Contr act Procurement , Staff Increase , and Office Space Expansion Annual event h e ld every Octo ber in Birmin gham , A l a bama to sh are i nformation , promote the importance of education through Alabama HBCU’s , shine a p ositive light on Nontraditional Career Options & Growth Indus tries , and highlight Workforce Development Opportunities with at least 1200 m inorit ies A nnual Symposium hel d each Februar y to share F ederal, State, County, City, and Corporate Contract Opp ortuni ties with 4 00 female business owners and e ntrepreneurs Regional Mixers held in Birmingham, Huntsville, Mobile, Montgomer y, and Tuscaloo sa Alabama in Ja nua ry, April, an d July; to regularly share info rmation & programs with at least 200 minorit ies Shoppin g and networking with Black Owned Businesses and/or Service Providers Program Participants: COMMUNICATION / SUPPORT NETWO RK: ▪ Establish network an d suppor t system s wi th accountabilit y ( Locally & Stat ewide ) ▪ Stay regularly informed of opportunities , train ings , and workshops EDUCATION : ▪ Participate in Financial Literacy Workshops ▪ Participate in Business T rainings and W orkshops ▪ Employ best practice models ▪ Participate in Contract Procurement Workshops PERVASIVE POVERTY ▪ Participate in Homeownership W orkshop s ▪ Maxi mize Workforce Development , Career, and On The J ob Trai ning Opportunities ▪ 30 % Registered to Vote CAPITA L : ▪ 2 % o r more secure a contract ▪ 5 % o r more secure a business loan ▪ 15 % Higher S ales & Profits ▪ Regularly p romote business, product, and/or services ▪ 5% or more register and take advantage of On the Job Training Program Participants: COMMUNI CATION / SUPPORT NETWORK: ▪ Establish network an d support system s wi th accountabilit y ( Locally & Stat ewide ) ▪ Stay regularly informed of opportunities , train ings , and workshops ▪ Business Mentors ▪ Profi cient at deliver ing a business Pitch ▪ Unders tand impor tance o f networking & partnerships ▪ Active member in industry related associatio ns EDUCA TION : ▪ Participate in Financial Literacy Workshops ▪ Participate in Business T rainings and W orkshops ▪ 50% - 7 5 % achieve a credit score of 6 5 0 or more ▪ Employ best practice models ▪ 5 0 % or more comp lete Certifications and /or Degree ▪ 50% or more t ransition to a higher income bracket ( Example: from Low to Moderate) ▪ Generational Wealth Track o 50% increase in assets o Homeowner o Scalable B usiness PERVASIVE POVERTY ▪ Participate in Homeownership W orkshop s ▪ 1 0% Homeowners ▪ Maxi mize Workforce Development , Career, and On The J ob Trai ning Opportunities ▪ 75 % Registered to Vote CAPITAL : ▪ 10 % or more secure a contract ▪ 3 0 % or more secure a business loan ▪ 5% or more scala ble business ▪ 5 0 % Higher S ales & Profits ▪ 30 % or more S taff In crease E stablish Core Business Compe tencies A ccess to Capital Secure AND Successfully Execute Contracts Growth Industry Awareness an d Preparedness Wor kforce Development and Career Rea diness Program Participants: COMMUNICATION / SUPPORT NETWORK: ▪ Establish network an d suppor t system s wi th accountabilit y ( Locally & Stat ewide ) ▪ Stay regularly informed of opportunities , train ings , and workshops ▪ Business Coaches ▪ Profi cient at d eliver ing a business Pitch ▪ Unders tand importance o f networking & partnerships ▪ Active member in indu stry related associations EDUCATION : ▪ Participate in Financial Literacy Workshops ▪ Participate in Business T rainings and W orkshops ▪ Employ best practice models ▪ 30 % or more a chieve a credit score of 600 or more ▪ 3 0% or more complete Cer tifications and/or Degree ▪ Sta ble Home Enviro n me nt PERVASIVE POVERTY ▪ Participate in Homeownership W orkshop s ▪ 5 % Homeowners ▪ Maxi mize Workforce Development , Career, and On The J ob Trai ning Opportunities ▪ 50 % Registered to Vote CA PITAL : ▪ 5 % or more secure a con tract ▪ 15 % or more secure a business loan ▪ 30 % Higher S a les & Profits ▪ 15% or more S taff In crease