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2015.12.02 EDC Packet
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2015.12.02 EDC Packet
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<br /> 7 <br />Exhibit A <br />Scope of Services <br /> <br /> <br /> <br /> <br />Open to Business Technical Assistance Services <br />MCCD will provide intensive one-on-one technical assistance to New Brighton businesses, New <br />Brighton residents and aspiring entrepreneurs intending to establish, purchase, or improve a <br />business in New Brighton. Technical assistance includes, but is not limited to, the following: <br /> <br /> Business plan development <br /> <br /> Feasibility analysis <br /> <br /> Marketing <br /> <br /> Cash flow and other financial projection development <br /> <br /> Operational analysis <br /> <br /> City and State licensing and regulatory assistance <br /> <br /> Loan packaging, and other assistance in obtaining financing <br /> <br /> Help in obtaining competent legal advice <br /> <br />MCCD will also provide technical assistance on a walk-in basis monthly in New Brighton City <br />Hall or as requested at a place of business within New Brighton. <br /> <br /> <br />Open to Business Access to Capital <br />MCCD provides access to capital to qualifying businesses through MCCD’s Open to Business <br />Loan Program (see Exhibit B Small Business Loan Program Guidelines below). MCCD also <br />provides its financing in partnership other community lenders, banks or both. MCCD is solely <br />responsible for determining loan eligibility and providing loan funds. The Contract Amount paid <br />to MCCD shall only be used for MCCD’s technical assistance services and will not be used as <br />loan funds. <br />
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