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CBIRS Request 2040
 
Community Budget Issue Requests - Tracking Id #2040
FRMBC Minority Business Exchange
 
Requester: Beatrice Louissaint Organization: Florida Regional Minority Business Council
 
Project Title: FRMBC Minority Business Exchange Date Submitted 1/12/2006 12:33:28 PM
 
Sponsors: Diaz de la Portilla
 
Statewide Interest:
Minority and Economic Development
 
Recipient: Florida Regional Minority Business Council   Contact: Beatrice Louissaint  
  9499 N.E. 2 Avenue, Suite 201   Contact Phone: (305) 762-6151  
  Miami 33138   Contact email: beatrice@frmbc.org
 
Counties: Broward, Charlotte, Collier, Dade, Monroe, Palm Beach, St. Lucie
 
Gov't Entity:   Private Organization (Profit/Not for Profit): Yes
 
Project Description:
The Minority Exchange Pilot forms Mentor-Prot�g� relationships among minority-owned businesses who are positioned for substantial growth, and whose association can produce measurable business results for both parties. The project's overriding objective is to harness the untapped potential in cross-cultural partnerships that produce new revenue, efficiencies, and possibilities by fostering new business formations that help both firms position for aggressive growth.
 
Is this a project related to a federal or state declared disaster? No
 
Measurable Outcome Anticipated:
$100 million in deals and 200 new jobs.
 
Amount requested from the State for this project this year: $525,000
 
Total cost of the project: $750,000
 
Request has been made to fund: Operations
 
What type of match exists for this project? Private
  Cash Amount $25,000   In-kind Amount $200,000
 
Was this project previously funded by the state?   No
 
Is future-year funding likely to be requested?   No
 
Was this project included in an Agency's Budget Request?   No
 
Was this project included in the Governor's Recommended Budget? No
 
Is there a documented need for this project? No
 
Was this project request heard before a publicly noticed meeting of a body of elected officials (municipal, county, or state)?   Yes
  Hearing Body: Miami-Dade Legislative Delegation
  Hearing Meeting Date: 11/30/2005
 
Is this a water project as described in Section 403.885, Laws of Florida?   No