Monday, June 1, 2009

Infrastructure/Capital Mission & Goals, by Bart Weiler, Group Leader

Our mission is to develop promote and facilitate resources and services for innovative business opportunities in Licking County.

Our goal is to create a consistent predictable process in helping an individual with an idea of starting a business, succeed in Licking County.

We are creating a review committee which is made up with SBDC, SCORE, Tech Columbus, and the County Economic Development team so far. The purpose of this committee is to meet on a regular basis at a set time and place which they are able to meet with potential business prospects and help them be successful or the committee can follow up on business opportunities in the pipeline.

We also have committee members developing a matrix of services and progressions that is similar to a flowchart which is designed to help new business startups succeed in Licking County. We are also in the process of gathering a list of all vacant properties to accommodate those businesses looking for space.

The committee is identifying venture capital firms already doing business in Licking County, other capital resources such as the Early-Stage Capital Fund announced by the Heath Newark Licking County Port Authority, and financial institutions specializing in SBA loans. This will create a one stop shop where everyone is working together for the potential new business with the purpose to succeed in Licking County.

Our committee is also considering the creation of a business plan competition for any student in licking County, where the student creates a business plan model and receives a prize of cash and service to start up their business in Licking County.

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