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Staunton Creative Community Fund Investing in Entrepreneurs Executive Business Plan Presenters: Dallas, King, Reed & Wampler Photograph by Peter Aaslestad
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history
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the arts
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opportunity
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The Staunton Creative Community Fund revitalizes communities by supporting and funding local entrepreneurs. - from webpage
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support local residents as they work to revitalize their neighborhoods assist start-up nonprofits with grassroots organizing and fundraising finance creative entrepreneurs who create jobs and fill storefronts and provide access to economic opportunities for traditionally underserved populations
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GOALS Year 1 organize, get a few microloans out, establish the process Year 2 raise funds, aggregate, capitalize Year 3 deploy capital and make loans
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FACTS Loans dispersed: 2007: 4 2008: 2 2009: 4 Available in 2010: $500,000 Maximum loan $35,000
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Innovative Marketing Workshops Media Events Community organizations
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Workshop Option 1 “Who wants free money?” Generate buzz Opportunity to present the SCCF
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Workshop Option 2 Target entrepreneurs currently writing a business plan Consultative seminar approach
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Workshop Option 3 Intensive seminar “MBA in a week” approach
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Involvement Beyond the Workshop Stimulate conversation Invite people to brainstorm ideas Consider publishing an entrepreneurial directory Social media facebook
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Getting the word out: Recommendations for Innovative Marketing: 1. New Message - Old Media 2. Established Events 3. Signature Event
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New Message - Old Media And they're closing all the factories down Out in Bethlehem they're killing time Filling out forms Standing in line. from “Allentown” by Billy Joel (1982).
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New Message - Old Media Human Interest Story SCCF has money and wants to lend unique place in the economic landscape Public Relations can be used as a tool for generating earned media.
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Exploit Existing Events Create fun contests and information centers Increase awareness and generate earned media. Example: Green Business contest at Staunton’s Earth Day celebration
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A Signature Event Business Competition* judged by local business people sponsored by educational institutions in the SCCF footprint. *modeled after the Cupid Cup at University of Maryland "We want big ideas. We want transformation," Plank said. "This is not a business plan competition. This is a business competition.” - Kevin Plank, Baltimore Sun, 05/07/2010
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WHAT? Community Organizations
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Where? When? Who? WHY?
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“to provide service to others, promote integrity & advance world understanding, goodwill, and peace through its fellowship of business, professional, and community leaders. District 7570 72 clubs www.rotary.org “dedicated to improving communities and building a better America through Fellowship, Goodwill and Community Service” Woodrow Wilson Ruritans 31 Clubs www.myruritan.org “to empower volunteers to serve their communities, meet humanitarian needs, encourage peace & promote international understanding through Lions clubs” District 24-C 54 Clubs www.lions24c.com “serving the children of the world” 9 Clubs www.kiwanis.org
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www.elks.orgwww.elks.org www.foe.com www.mooseinlt.org www.freemason.org www.woodmen.orgwww.foe.comwww.mooseinlt.orgwww.freemason.orgwww.woodmen.org
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www.greateraugusta.com www.greaterverona.com www.bni-shenandoahvalley.com
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www.score.org
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www.virginiavalley.comwww.virginiavalley.com www.staunton.va.us www.virginia.orgwww.staunton.va.uswww.virginia.org www.waynesboro.va.uswww.waynesboro.va.us www.waynesborodowntown.org www.augustafreepress.comwww.waynesborodowntown.orgwww.augustafreepress.com
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www.uva.eduwww.uva.edu www.jmu.edu www.emu.edu www.mbc.edu www.abg.org www.fbla-pbl.orgwww.jmu.eduwww.emu.eduwww.mbc.eduwww.abg.orgwww.fbla-pbl.org http://www.electroniccampus.org/school_logos/CFNC/Blue_Ridge_Community_College/blue_ridge_logo.gif
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Capture the Value (Laszlo, 2010, p.136) with BOARD UTILIZATION Bill Hamilton Hugh Westfall Eric Curren Wanda Stevens Maggie Ragon
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“Diversity builds diversity.” (M. Meisel, Shenandoah National Park, May 22, 2010)
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References Collins, J. (2005). Good to great and the social sectors. New York: Harper Collins Curren, E. (n.d.). Staunton Creative Community Fund: About. Retrieved May 23, 2010, from SCCF website: http://stauntonfund.wordpress.com/about/http://stauntonfund.wordpress.com/about/ Drucker, P.F. (1985). Innovation and entrepreneurship. New York: Harper & Row Graham, C. (2010, April 14). Fund fosters growth of small business in Staunton. Augusta Free Press. Retrieved from http://augustafreepress.com/2010/04/14/fund-fosters-growth-of-small-business-in-staunton/ http://augustafreepress.com/2010/04/14/fund-fosters-growth-of-small-business-in-staunton/ Joel, W. (1982). Allentown. On The Nylon Curtain [record]. New York: Columbia Records. Laszlo, C. (2008). Sustainable value: how the world’s leading companies are doing well by doing good. Stanford: Stanford University Press. Oster, S., Massarsky, C., and Beinhacker, S., (eds.) (2004). Generating and sustaining nonprofit earned income. San Francisco: Jossey-Bass. Smith, A. E. (2010). “Stewardship design principles.” Presented during EMU MBA class Stewardship, Innovation and Social Entrepreneurship, Harrisonburg, VA. May 18, 2010.
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Image References Slide 1: Streetscape: Retrieved May 30, 2010, from http://aaslestad.files.wordpress.com/2009/08/bev-_s3-banner.jpghttp://aaslestad.files.wordpress.com/2009/08/bev-_s3-banner.jpg Slide 2: Stonewall Jackson Hotel (outdoor photo): Retrieved May 30, 2010, from http://www.valleyconservation.org/images/Stonewall_Jackson.jpg http://www.valleyconservation.org/images/Stonewall_Jackson.jpg Stonewall Jackson Hotel (indoor photo): Retrieved May 30, 2010, from http://thesummitstudio.com/wpcontent/uploads/2009/06/stonewalljackson_5.jpg http://thesummitstudio.com/wpcontent/uploads/2009/06/stonewalljackson_5.jpg Stonewall Jackson Hotel (print): Retrieved May 30, 2010, from http://spec.lib.vt.edu/imagebase/norfolksouthern/T1/NS5545.GIF http://spec.lib.vt.edu/imagebase/norfolksouthern/T1/NS5545.GIF Slide 3: Blackfriar Playhouse, Staunton: Retrieved May 30, 2010, from http://farm3.static.flickr.com/2675/3954887628_3ec58975ed.jpg http://farm3.static.flickr.com/2675/3954887628_3ec58975ed.jpg Banner: Retrieved May 30, 2010, from http://4.bp.blogspot.com/_ewUmEmxkvTY/S8J4uEcbqBI/AAAAAAAAP4E/6lC1ouV-884/s1600/8.jpg Slide 4: Storefronts: Retrieved May 30, 2010, from http://www.mbc.edu/images/about/downtown_staunton2.jpghttp://www.mbc.edu/images/about/downtown_staunton2.jpg Streetscape: Retrieved May 30, 2010, from http://aaslestad.files.wordpress.com/2009/08/bev-_s3-banner.jpghttp://aaslestad.files.wordpress.com/2009/08/bev-_s3-banner.jpg Pufferbellies: Retrieved May 30, 2010, from http://www.pufferbelliestoys.com/uploads/dsc_0640.jpghttp://www.pufferbelliestoys.com/uploads/dsc_0640.jpg Slide 13: Facebook: Retrieved June 2, 2010, from http://atlantaprintmakersstudio.org/logos/facebook_logo.jpghttp://atlantaprintmakersstudio.org/logos/facebook_logo.jpg Slide 17: Freddie the Freeloader: Retrieved June 1, 2010, from http://www.wliw.org/21pressroom/images/redskelton/RED7.jpg http://www.wliw.org/21pressroom/images/redskelton/RED7.jpg Slide 21: Rotary: Retrieved May 30, 2010, from www.rotary.org; Ruritan: www.myruritan.org; Lions: www.lions24c.com ; Kiwanis: www.kiwanis.orgwww.rotary.orgwww.myruritan.orgwww.lions24c.comwww.kiwanis.org Slide 22: Elks: Retrieved May 30, 2010, from www.elks.org; FOE: www.foe.com; Loyal Order of Moose: www.mooseinlt.org; Freemason: www.freemason.org; Woodmen of the World: www.woodmen.orgwww.elks.orgwww.foe.com www.mooseinlt.orgwww.freemason.orgwww.woodmen.org
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Image References Slide 23: Chambers of Commerce: Retrieved May 30, 2010, from www.greateraugusta.com; www.greaterverona.com; www.bni-shenandoahvalley.comwww.greateraugusta.comwww.greaterverona.com www.bni-shenandoahvalley.com Slide 24: SCORE: Retrieved May 30, 2010, from www.score.orgwww.score.org Slide 25: Retrieved May 30, 2010, from www.virginiavalley.com; www.staunton.va.us; www.virginia.org; www.waynesboro.va.us; www.waynesborodowntown.org; www.augustafreepress.comwww.virginiavalley.comwww.staunton.va.uswww.virginia.org www.waynesboro.va.uswww.waynesborodowntown.orgwww.augustafreepress.com Slide 26: Educational Institutions: Retrieved May 30, 2010, from www.uva.edu; www.jmu.edu; www.emu.edu; www.mbc.edu; www.abg.org; www.fblapbl.org; http://www.electroniccampus.org/school_logos/CFNC/Blue_Ridge_Community_College/blue_ridge_logo.gifwww.uva.eduwww.jmu.eduwww.emu.edu www.mbc.eduwww.abg.orgwww.fblapbl.org http://www.electroniccampus.org/school_logos/CFNC/Blue_Ridge_Community_College/blue_ridge_logo.gif Slides 5-31: Streetscape: Retrieved May 30, 2010, from http://aaslestad.files.wordpress.com/2009/08/bev-_s3-banner.jpghttp://aaslestad.files.wordpress.com/2009/08/bev-_s3-banner.jpg
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