The State of Minority Business Larry Stevens, SBDC Regional Director Garry James, SBDC Minority Outreach Manager November 8, 2012

Overview of ASBDC State of Minority Business Breakout Session TRUST and the Hispanic community. The value of connecting with a community CHAMPION SC SBDC Consultant Participation

Minority Outreach Efforts Denominational Workshops (i.e., Baptist, Church of God in Christ, UMC, etc.) Statewide Awareness Events (i.e., CMA, Columbia Chamber of Commerce, North Columbia Business Association, MBRN, Young Farmers Association, etc.) Government Contracting Seminars (collaborative effort with USC SBDC office) Media Requests (radio & television requests)

Greatest Needs of Minority Businesses Strengthening of Business Infrastructure Commitment to Minority Certifications (8A, DBE, MBE, OSMBA, SDV) to Pursue Set Asides Access to Capital (micro-lending) Long-term SBDC relationships Exposure to Opportunities (ex. SBIR & STTR) Performance Measure Baseline development (Responsive & Responsible) Beyond “Good Faith Efforts” Joint Venture & Teaming Opportunities Need to Diversify

Established Collaborative Efforts Midlands Business Referral Network - Greater Columbia Community Relations Council - SBDC Minority Outreach Program (consultation with network of 103 Minority Owned Businesses steered toward meeting SBDC metrics) Department of Commerce, Governor’s Office (OSMBA), SBDC Minority Outreach Program – Strategic Plan Development Gullah Geechee Cultural Heritage Corridor Foundation & SBDC Minority Outreach Program ($10 million + matching funds)

Established Collaborative Efforts City of Columbia Office of Business Opportunity TD Bank SBA Lexington County Economic Development Columbia Metropolitan Airport SC Aeronautics Commission USC Technology Incubator Young Farmer’s Association

2013 and Beyond Secure Funding Work with community stakeholders Metrics Expand Outreach Awareness Efforts Increase Exporting, Technology-based and other High End Business Development Strengthen SC Economy

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