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| Community Budget Issue Requests - Tracking Id #1451 |
| Business Development Center Network - Institute for Business Continuity and Risk Management Center |
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| Requester: |
University of West Florida |
Organization: |
Florida Small Business Development Center Network |
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| Project Title: |
Business Development Center Network - Institute for Business Continuity and Risk Management Center |
Date Submitted |
1/4/2008 3:42:16 PM |
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| Sponsors: |
Peaden |
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| Statewide Interest: |
| Florida's SBDC program provides a significant role in providing critical business technical assistance services and economic development activities to the statewide entrepreneurial and small business community, furthering the priorities of the state and Enterprise Florida. This request will enhance and expand existing entrepreneurial and small business training and counseling infrastructure to provide targeted business continuity and risk management service as well as enhance overall SBDC services in rural and underserved markets throughout the State. Funding will leverage local, public and private resources to establish SBDCs in Florida communities where services have been void or sporadic due to limited resources. The State of Florida is one of the very few states that does not provide direct legislative appropriations to its SBDC program to enhance or expand local programming, technical assistance, further outreach and, increase its leverage for available federal and local matching funds. This funding request will comply with requirements under 13 CFR 130 and Public Law 96-302 (as amended) that mandate direct matching funds at no less than 50 percent cash to federal funds, currently at $2.25 million. The FSBDC has been recognized for its efforts by being awarded the 2005 U.S. Department of Commerce's EDA Excellence in Economic Development for its economic adjustment strategies related to the 2004 hurricane season in Florida. |
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| Recipient: |
Small Business Development Center Network |
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Contact: |
Jerry Cartwright, State Director |
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401 East Chase Street |
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Contact Phone: |
(850) 473-7801 |
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Pensacola 32503 |
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Contact email: |
jcartwright@uwf.edu |
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| Counties: |
Escambia |
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| Gov't Entity: |
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Private Organization (Profit/Not for Profit): |
Yes |
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| Project Description: |
| Funding will formally establish through the existing statewide infrastructure of the SBDC Network an Institute for Business Continuity and Risk Management Center program to ensure statewide businesses have proper education in, training on and access to business continuity planning and risk management technical assistance to minimize losses and increase survivability when affected from natural and man-made disasters. According to U. S. Department of Labor Statistics, over 40% of all firms that experience a significant disaster never reopen and over 25% of the remaining companies close within two years. The economic impact of the 2004-2005 hurricane season in Florida is and will continue to be significant in terms of salvaging/retaining impacted business as well as dealing with new business starts and growth in those firms that are responding to the economic boom associated with recovery and reconstruction. Risk management services and business continuity planning pre-disaster is as critical, if not more so, than providing coordinated services such as disaster loans, business restructuring, etc. post disaster. National economic impact research shows SBDC assisted businesses consistently out perform the average state business thus supporting SBDC's positive revenue impact on the state budget. |
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| Is this a project related to a federal or state declared disaster? |
No |
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| Measurable Outcome Anticipated: |
| actual reported; not multiplier 1. 13,600 pre-venture and existing businesses counseled. 2. 32,000 entrepreneurs and small business owners/managers trained. 3. 760 new businesses started. 4. 10,000 jobs created and/or retained. 5. $1.2 billion of capital formation. 6. $175 million in sales increases. 7. $75 million in contract awards to small, women and minority businesses. |
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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: |
$11,500,000 |
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| Request has been made to fund: |
Construction |
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| What type of match exists for this project? |
Local, Private, Federal |
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Cash Amount |
$10,250,000 |
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In-kind Amount |
$1,000,000 |
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| Was this project previously funded by the state? |
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Yes |
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Fiscal Year: |
2006-2007 |
Amount: |
$250,000 |
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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: |
Construction |
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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: |
Public Law 96-302 (as amended), 13 CFR 130 |
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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 |
