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Welcome!Adams County Education Consortium Presentation
March, 21st 2007
MISSION:Micro Business Development
eliminates barriers to economic
independence for community
entrepreneurs, both youth and adults,
through access to markets, resources
and business capital.
PHILOSOPHY:
Access to capital alone, is not enough to take an entrepreneur from idea to independence.
Financial infusions must be coupled with relevant resources and market opportunities in order for
clients to create sustainable, income generating, job producing businesses.
MBD Offers:• Access to Markets
– Marketplaces, media, networking, education• Access to Resources
– Technology, consulting, skill development, referrals
• Access to Capital– Adult and Youth Lending from $10-$60,000
MBD’s Impact:• 2,100 jobs created, 5,800 jobs maintained
• 80% of all loan clients are still in business after 3 years
• 60% of clients have seen a significant (>20%) increase in personal income
• 50% of clients receiving public assistance have reduced or terminated their assistance
MBD returns $2-$3 to the community for every $1 invested!!!
Adams County SBI
• Numbers from the last 2 years– Provided training to 339 individuals– 24 new businesses– 31 new jobs– Approximately $200,000 lent– Classes offered monthly in English and
Spanish– Partners Identified
• Adams County Resident• Art and Framing• Services received:
– Access to Markets• Featured MBD Client Artist• Entrepreneurship Row
Participant • MBD First Friday Marketplace
– Access to Resources• MBA II
Rebecca RozalesArtistLimited Edition PrintsCustom Framing 3076 W. 54th Ave. Denver, CO 80221
Why Youth? Youth in High-risk Situations Typically:
• Do not have success in traditional educational channels
• Struggle to find and maintain meaningful employment
• Have an immediate need for income-generation
YouthWorks allows Colorado’s youth, ages 25 and under, to experience
entrepreneurship in a way that makes sense for their lifestyle,
providing the time, support, and resources they need
to meet their goals.
YouthWorks Provides:
• 1-on-1 Business Development Services
• Group-based entrepreneurial trainings
• Start-up $ to get youth businesses going
• Expert Advice and Business Mentoring
• Actual Marketplace Experience
YouthWorks Approach:
Step 1:Getting to know the youth –
• Vision• Life Barriers• Personal Goals• Business Concepts
• Step 2:Setting the SMART Goal -– Specific– Measurable – Actionable– Realistic – Timely
• Step 3: Planning –
• Mind Mapping the SMART Goal
The Experiential Learning Cycle
Plan
Download
Summarize
Action
• Single Mother of a 7 year old daughter
• Created Ultra Sound Magazine at age 19.
• Owns and operates Urban Bricks CreativeDesign, a freelance graphic design company
• Repaid a previous youth loan
• Current adult loan client
Celia HerreraAge: 25Owner: Urban Bricks
Creative Design
• Owns and operates Home-based
Recording Studio
• Attends Community College
of Denver
• Works a job between 20-30 hours a week
• Utilized Individual Development Account
to access equipment for business
launch
Terry Smith Age: 18Owner: T.Smith Productions
James Smith Age: 17Owner: B-loon’s Army
• Owns and operates mobile entertainment business
• Full-time high school student• Projecting $40,000+ in sales
for 2007
• Launched business at age 11
• Received $1,500 loan in 2006 for business insurance
• Repaid 2 previous youth loans
Session Summary: • Business owners of all ages need access to business capital AND
resources such as relevant training, expert advice, and market opportunities
• Youth microenterprise development programs must be flexible and adaptable to meet the varied needs and education levels of individual clients
• Curriculum must engage the ideas and talents of young people and be action-driven
• Learning is not enough. The key is to get youth to apply the learning
• Opportunity, not charity!
Questions, Concerns, Comments