Presentation to Orange County Board of Commissioners August 19, 2008 By Shirley A. Walker Interim President/CEO Minority/Women Business Enterprise Alliance,

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Presentation transcript:

Presentation to Orange County Board of Commissioners August 19, 2008 By Shirley A. Walker Interim President/CEO Minority/Women Business Enterprise Alliance, Inc.

ORGANIZATIONAL OVERVIEW

Our Purpose… "The Alliance" is a unique economic development firm established in 1994 as a public/private partnership to provide assistance to minority and women-owned businesses seeking to establish or expand their operations. "The Alliance" is recognized as a: 501(c)3, Non-profit Organization Economic Development Organization (EDO) SBA Certified Micro-Lender Community Development Entity (CDE) Community Development Financial Institution (CDFI)

Our Staff… "The Alliance" maintains a staff of 7 (1) President/CEO (1) Executive/Program Assistant (1) VP Access to Capital (1) Director – Alliance Women Business Center (1) Construction Program Consultant (1) Loan Administrative Clerk (1) Office Assistant/Receptionist Providing service at two prime locations: Main Office – 135 E. Colonial Drive, Orlando, FL Disney Entrepreneur Center – 315 E. Robinson Street, Orlando, FL

SERVICE MARKET OVERVIEW

Total Clients Served "The Alliance" served a total of 5,736 new clients from 2005 to date. Of that amount 68% of the businesses served were located in Orange County.

Total New Clients (by Year) The number of new clients seeking assistance through services provided by "The Alliance" has increased annually.

Training Workshops "The Alliance" provides business management training workshops to assist start-up as well as existing companies looking to expand. Orange County M/WBE Certification Workshop has been held monthly for over 7 years. We provide on average 720 hours of training to our client base on an annual basis.

Clients Counseled "The Alliance" provides one-on-one business management counseling. Specific hands-on assistance given to construction related business owners.

Access To Capital # of Loans Originated$ of Loans Originated

Economic Impact Our value added service to the community is evidenced by the jobs created by the small businesses we serve. Jobs created have increased over the past two years and we are on target to meet and/or exceed last year’s numbers.

Income/Expense Budget Overview

Income/Expense Budget

Income by Source RESTRICTED FUNDS Orange County Government $ 86, $ 89, $ 80, City of Orlando $ 75, USDA $ 163, $ 145, $ 150, $ - SBA Women Business Center $ 125, $ 145, $ 134, $ 118, SBA Micro Loan $ 31, $ 35, $ 23, $ - FAMU/FDOT CM&BG Program $ - $ 5, $ 12, Orange County Government Women's Leadership Program $ 29, $ 29, $ 35, $ - UNRESTRICTED FUNDS Disney $ 60, $ 57, $ 50, Universal Orlando $ 60, Fifth Third Bank $ 10, $ 15, $ 5, $ - Orange County Expressway Authority $ 50, $ - Washington Mutual $ 15, $ 5, $ - SunTrust Bank $ 7, $ 3, $ - OUC $ 10, $ - Wachovia Bank $ 5, $ 11, $ - Orlando Housing Authority $ 1, $ - WorkForce Central FL $ $ - Business Loan Express $ 1, $ $ - Innovative Bank $ 10, $ 24, $ 20, $ - Aflac $ 2, $ - Central FL Urban Bankers $ - $ 5, $ - RBC Centura Bank $ - $ 2, $ - Regions Bank $ - $ 2, $ - James A. Cummings $ - $ $ - Internal Program Income Workshops/Membership/program income $ 63, $ 50, $ 30, Interest Income $ 11, $ 9, $ 8, $ 7, Total Income $ 820, $ 774, $ 693, $ 433,344.00