Volume 4 August-September, 2010
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Get Involved |
According to the Kauffman Foundation, there are over 550,000 new businesses launched every month in the US. Help us support more of these entrepreneurs to succeed by donating on our website, becoming a fan on Facebook or following us on Twitter. |
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Congratulations Alfa! | | Risng Tide Capital CEO Alfa Demmellash was named one of Essence Magazine's 40 under 40. Named as a Dream Maker, Alfa was featured in the October issue celebrating Essence's 40th Anniversary. |
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RTC Business Starts in Q2 2010 |
Towanda Blake: Heaven in a Pot
Sephora Castro: Hot Cupcake Lingerie
Bahier Ramsingh:Lance: Mom's Choice
Elderlane Marajh: Learning Loft Tutoring Service
Vivian Brazzell-Hemingway: Children's Day Care
Lance Booth: Black Skull Productions |
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| Can ordinary people jumpstart their local economy? |  It is officially fall and now it is not only time for football and apple-picking, but it also means that is almost Global Entrepreneurship Week! Global Entrepreneurship Week (GEW) 2010 takes place November 15-21, and for the 3rd year, Rising Tide Capital is coodinating with local partners to spearhead the celebration of the Week in our part of the world. Our goal? To jumpstart our local economy and unleash the entrepreneurial energy of our city and the surrounding areas. Learn more about what we are doing by visiting our special website for GEW in Jersey City.
Even if you are geographically far, we invite you to follow our progress by following our news alerts on Twitter (click here now to see what I mean) and checking out the Facebook fan page to keep abreast of all the exciting news!
It seems simple, but it means a GREAT deal. By a simple click of a button you can create a momentum that can inspire our team, volunteers, interns and partners to do extraordinary things - particularly during this tough time. If you take an extra minute to let all your friends know about what we are doing, then even better!
Also, this year, we are particularly happy to coordinate with a new local initiative called Make My City, where dozens of small, mostly independent businesses will offer discounts and fun events throughout the Week. We will be supporting their effort by launching an exciting "Buy Local" Pledge that aims to make the holiday shopping season full of blessings for our future job creators. More news to come soon...
Wish you could do the same in your locality? Let us know by commenting on our facebook page. The come back story of the economy will depend on what ordinary people choose to do to support their economy in their own special ways. We are grateful that the national founders and sponsors of the Week are giving us the platform express our ideas and convictions in action.
Alfa Demmellash
CEO of Rising Tide Capital
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Sponsorship Opportunities |
Global Entrepreneurship Week (GEW) in Jersey City is coming November 15 - 21! Last year, over 30 partners came together with 19 events that showcased our local entrepreneurial spirit. Both local and national press covered our celebration, highlighting our local entrepreneurial culture to millions. This year, we want to make GEW even better! If you are interested in sponsoring the Week - contact us to learn more about this excellent opportunity to market your business. |
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| Sal Austin Wins much more than an iPad |
Program Associate Mary J. Sansait presents Sal with his prize.  | Over the summer Rising Tide Capital (RTC) completed not one, but two outcomes management projects. Entrepreneurs who participated in the surveys for these projects were entered for a chance to win an iPad. Sal Austin, co-founder and Senior Vice President of DGX, LLC, a security and technology firm, has won this prize.
Since Sal graduated from the Community Business Academy in 2009, he has become an ambassador of sorts for Rising Tide Capital. "I am happy to tell anybody that Rising Tide Capital helped me to restructure my business and make it profitable," he said. During Global Entrepreneurship Week 2009, Sal addressed City Hall as an RTC graduate. In 2009 he was also one of four entrepreneurs across the nation, selected for to appear in a video for the Association of Enterprise Opportunity, the national microenterprise development organization. Read More. |
| RTC Completes Summer Outcomes Management Projects |
And the news is Great!
During the summer of 2010, Rising Tide Capital (RTC) used several outcome measurement tools as a means to evaluate the impact of their programming in the community. Several weeks later, the data has been evaluated and solid statistical information shows the impact of RTC's programming.
The average client continues to be a 39-year old single mother with two children earning about $33,000 a year. Of the 85% of RTC clients who do not have existing businesses prior to starting RTC's programs, 36% launch start-ups within one year. Within one year of graduating from the Community Business Academy, RTC entrepreneurs experience an increase in business revenue of 80%, and a corresponding increase in household income by 14%. Read More
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| Catherine Frazier- On Higher Ground |
 Driven. Determined. Destined for success. Rising Tide Capital (RTC) graduate Catherine Frazier is one woman who exemplifies all of the above and is ready to embark on her journey to success. With a heart of gold, and a passion for real estate, Catherine is ready to soar to new heights with her real estate development company, Higher Ground, LLC.
Higher Ground LLC is a real estate development company that is dedicated to helping people "live best for less." In today's economy, finding adequate housing can at times be impossible for low-income families. Higher Ground LLC is committed to serving the underserved, and helping hardworking individuals have a place that they can proudly call home. "Our goal is to help those who are in need and will appreciate what they are going to get. We want to help those less fortunate, but those who are helping themselves and want to do better," Frazier said. Read More. |
| Rising Tide Capital Moves Forward with Strategic Advisory Board | Nearly two months after the initial interest meeting held on July 14, 2010, Rising Tide Capital (RTC) has finally formed its Strategic Advisory Board (SAB.) The three sub-groups of the SAB have been finalized, team leaders have been assigned, and projects are already underway.
"The work of the SAB has begun in earnest. All of the individual work groups-Strategy, Counsel & Analysis, Corporate Sponsorship & Major Donors, and Individual & Small Group Fundraising-have met or are meeting to map out action items and deliverables. The enthusiasm is palpable," SAB chairman Matt Barnes said. Read More. |
| Inspiring Malhar! |
 Over the summer Pace University MBA student Malhar Shah interned with Rising Tide Capital (RTC) straddling the Programs, Communications and Outcomes Management departments. His internship was underwritten by the Wilson Center for Social Entrepreneurship at Pace University, an organization that seeks to promote social change through entrepreneurship by serving students and non-profit organizations.
Recently, Malhar contacted us to let us know that since his internship at RTC ended, he has been hired by the Wilson Center. "Of the 18 great interns we had this summer, his work and attitude were particularly impressive, and exactly what we needed this semester to kick-start our web-marketing for continuing education," said Dr. Rebecca Tekula, Executive Director of the Wilson Center in an email to Jay. Read More |
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