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Small Business Resources & Essentials City of Austin Economic Development Department Small Business Development Program August 5, 2014 Vicky Valdez & Xavier.

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Presentation on theme: "Small Business Resources & Essentials City of Austin Economic Development Department Small Business Development Program August 5, 2014 Vicky Valdez & Xavier."— Presentation transcript:

1 Small Business Resources & Essentials City of Austin Economic Development Department Small Business Development Program August 5, 2014 Vicky Valdez & Xavier Zarate

2 Economic Development Department Global Business Recruitment and Expansion Business Expansion Development of Eco-Industrial Park International Trade and Investment International Welcome Program Sister & Friendship Cities Technology Incubators Workforce Development Creative Content Program Creative Ambassadors Program Cultural Arts Division Cultural Funding Cultural Tourism Arts Marketing Art in Public Places Public Art Restoration Creative Industries Development Film, TV and Digital Media Support Cultural Planning Creative Space Development & Creative Placemaking The People’s Gallery Exhibition Small Business Development Program Family Business Loan Program LocallyAustin.org BizAid Business Skills Classes and Certification Partnership with Austin Public Library BizOpen Business Solutions Center Getting Connected & Meet the Lender Redevelopment Division Mueller Seaholm District 2 nd Street Green Water Treatment Downtown Redevelopment Commercial Revitalization Strategy Music and Entertainment Division Austin Music Industry Census 2014 Austin-Toronto Music City Alliance Music Venue Assistance Loan Program Music Ambassadors Outdoor Music Venue, Temporary & Special Event Permit Assistance HopeFM First Live Sundays Music For Kids 2

3 Over 90% of Austin businesses employ fewer than 100 employees; over 80% employ few than 20 2 in 5 Austin workers are employed by a local small business Austin businesses with less than 20 employees generated an estimated $15.4 million in sales tax revenue in 2011 Small Business is Big Business 3

4 Portal For Small Business A resource for entrepreneurs starting a new business or enhancing an existing business Business Solutions Center Technical Assistance Special Events LocallyAustin.org 4 Family Business Loan Program

5 Business Development Accessing Capital Business Education Technical Assistance 5

6 Provide resources and information to navigate the land development and permitting processes Monthly Orientation classes to describe the development process to entrepreneurs Technical Assistance 6

7 Exploring Entrepreneurship Moderated panel discussions to share industry-specific or general small business information Getting Connected Business Resource Fair featuring the Governor’s Small Business Forum, where entrepreneurs and business owners meet and network with local organizations and lenders that assist small businesses- September 25th Special Events 7

8 Web-based research tools Demographics Sales Leads Real Estate Government Procurement General Business Staff provides assistance and information Business resource library 8:30 – 4:30 Mon. – Fri. 8 Business Solutions Center

9 LocallyAustin.org Invest a minute. Gain a Customer! Zero Cost, Quick Sign-Up, Small Business Map & Directory 9

10 Public-private partnership to support small business expansion and create jobs. Lending partners 1.Bank Partner: Private Sector Loan Component 2.Community Development Corporation: SBA Section 504 Loan Component 3.City of Austin: HUD Section 108 Loan Component 10

11 Mission Enable existing local businesses to expand and create jobs Revitalize communities Increase the City’s tax base Enhance the overall quality of life in Austin 11

12 Eligibility Criteria Small business located in Austin Strong credit-worthiness Demonstrated financial need In operation for at least two years U.S. citizens with no local, state, or federal taxes in arrears Commit to job creation 12

13 13 Small Business Expansion Financing CDC BankCoA $ $ Small Business Borrower Expansion Financing $$

14 14 Major Accomplishments Executed athenahealth and Websense agreements resulting in 1,077 new full-time jobs. Awarded a Gold Excellence in Economic Development in the category of Responding to Globalization from International Economic Development Council out of all major cities worldwide Awarded a Gold Excellence in Economic Development in the category of promoting local business from IEDC out of all major cities worldwide. Forged the Toronto-Austin Music Alliance, the first of its kind music-specific trade and export alliance.

15 15 Major Accomplishments Awarded a $400,000 ArtPlace America grant to prototype a creative community with Fusebox, developers of thinkEAST Creative District and Bullseye Business Development that will transform the remediated “tank farm” acreage into an Art Village. Awarded a $256,500 ArtPlace America grant with GO collaborative and arts partners to map Cultural Assets with 10-ONE District that will coincide with the citywide commercial revitalization strategy. Sold the first of four parcels in the Green Water Treatment Plant project for $15.8 million to build 40,000 square feet of retail and office and a 38-story apartment tower.

16 SBDP Awards 16 2014 Graphic Deisgn USA American Inhouse Design Awards – Meet the Lender Business Loan Fair 2013 International Economic Development Council (IEDC) Gold Award – LocallyAustin.org in the Paid Promotion Campaign 2013 International Economic Development Council (IEDC) Bronze Award – LocallyAustin.org in the General Promotion Category 2012 American In House Design Award (Utility Insert, Women’s Luncheon, Getting Connected) 2011 Austin Liveable City Vision Award – Economy 2011 International Economic Development Council (IEDC) Awards – IBIZ Districts in Neighborhood Development Category 2011 International Economic Development Council (IEDC) Awards – SBDP Program in Entrepreneurship Category 2010 Ash Center for Democratic Governance and Innovation, Harvard Institute, “Bright Ideas” (Meet the Lender)

17 One Texas Center 505 Barton Springs Road Austin, TX 78704 Connect with us on Facebook and Twitter @SmallBizAustin www.AustinSmallBiz.org 512.974.7800 17 Economic Development Department


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