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| Community Budget Issue Requests - Tracking Id #383 |
| Alliance Small Business Recovery and Revitalization Program |
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| Requester: |
Ann Brown Payne |
Organization: |
Minority/Women Business Enterprise Alliance-The Alliance |
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| Project Title: |
Alliance Small Business Recovery and Revitalization Program |
Date Submitted |
1/2/2006 11:03:07 AM |
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| Sponsors: |
Siplin |
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| Statewide Interest: |
| This project is regional in scope and will produce measurable results in addressing the negative businesses that were affected by the last two years of Florida Hurricanes. The targeted firms continue to experience difficulties in rebuilding their enterprises due to limited aid and resources, even after 1 to 2 years of post hurricane activities. |
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| Recipient: |
The Alliance |
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Contact: |
Ann Brown Payne |
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625 E. Colonial Drive, Orlando |
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Contact Phone: |
(407) 428-5860 |
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Orlando 32803 |
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Contact email: |
abrownpayne@allianceflorida.com |
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| Counties: |
Orange |
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| Gov't Entity: |
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Private Organization (Profit/Not for Profit): |
Yes |
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| Project Description: |
| Develop a specialized Business Recovery Program for under-served, disadvantaged, and historically underutilized firms as identified in Section 3. The targeted firms will also have less than 10 employees with annual revenue of $500,000 or less, and ones that can demonstrate a loss of revenue, operating efficiencies, higher expenses and profitability as a result of the past Hurricanes. The Alliance will provide comprehensive and hands-on management and technical assistance, workforce development, and business planning, to include mentoring and advisory services, in an effort to aid these firms in rebuilding and growing their business enterprises. The Alliance will engage the services of accountants, lawyers, technology firms, marketing firms, risk management firms, and other business professionals to provide direct services pro bono or at nominal charges to be shared by the program and participant. Our agency�s micro-loan programs and other business lending programs, which support working capital needs of small, minority, and micro enterprises, will supplement this program. $25,000 of grant proceeds will be used to aid firms with marketing, technology upgrades, training, and risk management.
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| Is this a project related to a federal or state declared disaster? |
Yes |
| If yes, which declared disaster? |
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| If yes, which year? |
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| Measurable Outcome Anticipated: |
| The program will serve 250 targeted businesses, create and/or retain 325 jobs, generate 50 businesses, loans, 50 new minority certifications, and increase business revenue by at least 20%. |
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| Amount requested from the State for this project this year: |
$250,000 |
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| Total cost of the project: |
$300,000 |
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| Request has been made to fund: |
Operations |
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| What type of match exists for this project? |
Local |
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Cash Amount |
$ |
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In-kind Amount |
$25,000 |
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| Was this project previously funded by the state? |
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No |
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| Is future-year funding likely to be requested? |
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Yes |
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Amount: |
$250,000 |
To Fund: |
Operations |
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| Was this project included in an Agency's Budget Request? |
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No |
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| Was this project included in the Governor's Recommended Budget? |
No |
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| Is there a documented need for this project? |
Yes |
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Documentation: |
Alliance needs assessment |
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| Was this project request heard before a publicly noticed meeting of a body of elected officials (municipal, county, or state)? |
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No |
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| Is this a water project as described in Section 403.885, Laws of Florida? |
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No |
