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2019.02.06 EDC Packet
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2019.02.06 EDC Packet
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2018 New Brighton Year End <br />As of 2019-01-23 13:25:36 • Generated by Rob Smolund <br />Number <br />of Clients <br />Low-Income <br />Owned <br />Minority <br />Owned <br />Woman <br />Owned <br />Business <br />Description Industry <br />Business <br />Stage <br />Business <br />Source <br />City <br />Impacted - <br />Business <br />City <br />Impacted - <br />Resident Summary Comments All Assistance Provided <br />Total <br />TA <br />Hours <br />Q1 TA <br />Hours <br />Q2 TA <br />Hours <br />Q3 TA <br />Hours <br />Q4 TA <br />Hours Equity <br />Approved <br />MCCD <br />Financing <br />Amount <br />Approved <br />Outside <br />Financing <br />Amount <br />Jobs <br />Created <br />Jobs <br />Retained <br />2 X X Play cafe Food <br />Pre-start <br />planning Municipality <br />New <br />Brighton <br />New <br />Brighton <br />Helped entrepreneur with a variety of <br />ideas to focus on a few and assisted with <br />creating structure to properly evaluate <br />the feasibility of those ideas. <br />Business Plan <br />Development;General business <br />issues/guidance 2.5 0 0 0 2.5 <br />1 X Art/Pottery Retail <br />Existing - <br />Challenged Municipality <br />New <br />Brighton <br />New <br />Brighton <br />Client is looking for help to set up legal <br />business entity, and understanding what <br />to do to set up a bookkeeping system. <br />Initial Consultation;Record <br />keeping/bookkeeping;Business <br />Registration 2.5 0 0 0 2.5 <br />1 Graphic Design Service <br />Existing - <br />Opportunity Bank_Referral <br />New <br />Brighton North Oaks <br />Assisted client with negotiating a bigger <br />warehouse space for his graphic design <br />company <br />Real estate analysis;General <br />business issues/guidance 4 3 0 0 1 7 <br />1 X <br />Telecom and <br />merchant services <br />consultant <br />Pre-start <br />planning Municipality <br />New <br />Brighton <br />New <br />Brighton <br />Advised entrepreneur on various <br />marketing strategies for each target <br />market he's approaching for his expense <br />reduction consulting business <br />Cash Flow Analysis & <br />Projections;Marketing;General <br />business <br />issues/guidance;Franchise <br />evaluation 2 0 0 2 0 <br />2 X <br />Window tinting, <br />PPF, auto wrap Service <br />Existing - <br />Opportunity Municipality <br />New <br />Brighton Coon Rapids <br />Assisted entrepreneur with expansion <br />and financing plans for his auto related <br />business <br />Cash Flow Analysis & <br />Projections;Real estate <br />analysis;Relocation <br />Assistance;Financial Management <br />Assistance 7 7 0 0 0 <br />1 X X X <br />Landscape & Floral <br />Design <br />Construction <br />/ Real Estate <br />Existing - <br />Challenged Entrepreneur <br />New <br />Brighton <br />New <br />Brighton <br />Client's previous payroll company wasn't <br />paying payroll taxes. I was helping <br />getting the information from the <br />previous company and filing the forms <br />to get current. <br />TA for Existing Clients;Record <br />keeping/bookkeeping 48.5 0 17.75 23.5 7.25 <br />1 X <br />Amusement vending <br />machine Retail <br />Pre-start <br />planning Municipality <br />New <br />Brighton <br />Mounds <br />View <br />Helped client develop a beta testing plan <br />for her amusement vending machine <br />business with first location in New <br />Brighton <br />Business Plan <br />Development;Licensing Assistance 2 0 0 2 0 <br />1 restaurant Food <br />Pre-start <br />planning Other Minneapolis <br />New <br />Brighton <br />Assisted entrepreneur with initial <br />strategy of developing a business plan <br />for a restaurant Initial Consultation 1 0 0 1 0 <br />1 Hydroseeding Service <br />Existing - <br />Opportunity Bank_Referral Little Canada <br />New <br />Brighton <br />Request to provide gap financing in real <br />estate project. <br />Loan packaging;Other Loan <br />Related 18.5 0 0 8 10.5 $25,000 $11,500 $337,500 <br />Individuals 11 2 3 4 Total Direct TA Hours 88 10 18 37 24 <br />Businesses 9 22%33%44% <br />Office Hours, Program <br />Administration, Public <br />Events/Meetings 18 6 4 4 4 <br />Totals 106 16 22 41 28 $25,000 $11,500 $337,500 7.00 - <br /># of direct <br />capital <br />access 1 <br />Total <br />Outside <br />Capital <br />Leverage $362,500
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