Executive Committee Report & Recommendations to Lowcountry Small Business Coalition for Hub Continuance after June 2010 December 15, 2009 1.

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Presentation transcript:

Executive Committee Report & Recommendations to Lowcountry Small Business Coalition for Hub Continuance after June 2010 December 15,

Recap Funding expires 6/2010 9/2009: Coalition appointed Executive Committee –Validate & confirm requirements for Coalition/Hub initiatives after 6/30/2010 –Research & recommend Hub organizational & governance structures 10-11/2009 –Executive Committee survey Validate the Hub Elicit input re what programs the Hub should undertake, how it should operate and how it should be funded –Publicity Whitepaper Presentations –Organization & Governance Task Force 2

Survey Results Hub support & validation… overwhelmingly positive Hub on right track… improvement suggestions Organization/Governance… no consensus Funding… Mix of sources, emphasize grants General suggestions –Support for what the Hub has done during its 1st year –Hub should not duplicate services provided elsewhere –Hub should do more to publicize its existence and services Responder County Beaufort70% Jasper17% Hampton 9% Colleton 4% Sector Government21% Nonprofit/academic26% Business48% Other 9% Demographics 3

Organization & Governance Recommendation… Stand-alone self-regulating entity Reviewed Hub performance for CSFs –Independence –Flexibility –Responsiveness –Ability to include and combine services of all relevant providers in all four counties Hub Phase 1 Critical Resources TCL D’Jaris Moore William Furman, USDA 4

Organization & Governance 501(c)(6) Corporation –Existing services referral source & integrator –Develop & provide services not offered by other Coalition members 501(c)(3) Corporation… Deductible? & some grants –Conduct education programs –Other eligible services Common Board –9-15 members drawn from Coalition –All counties represented –Elect own officers –Initial one-year term for all members –Minimal bylaws… Board develop permanent bylaws Board Advisors D’Jaris Moore William Furman 5

Today –Accept recommendations –Elect Board 1 st week of January 2010 –Create the non-profit corporations –Submit requests for 501(c)(6) and 501(c)(3) status Mid-January 2010 –1 st Board meeting… Select officers, form committees and plan bylaws development and funding strategies Next Steps 6

Executive Committee Report & Recommendations to Lowcountry Small Business Coalition for Hub Continuance after June 2010 Thank you for your advice, support & help! 7