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Volume 5                                                                                                                                                                  October 2010
In This Issue
Bus4Us on the Move
8 New Business Starts in Q3
Welcome Fred!
9 RTC Clients Attend Tory Burch Foundation Event
CLUB CEO is Back!
Buy Local! Take the Pledge, Today!
Join Our Mailing List!
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.  
Congratulations Alfa!

Rising Tide Capital CEO Alfa Demmellash was honored by The Global Leaders at the 2010 World Business Forum earlier this month. Demmellash was one of three honorees who were recognized for the inspiring work that they are doing in their communities, as well as for their outstanding leadership skills.

Fall CBA Classes are Underway!

In September, three new classes of the Community Business Academy started. As usual, the Tuesday and Wednesday sessions are generously being hosted by Capital One branches, while the Urban League of Hudson County is hosting the Saturday morning session. To see some photos of the classes in sesssion, click here.

Join the Revolution- Take the Buy Local Pledge!
Ei Alfa

Global Entrepreneurship Week (GEW) in Jersey City 2010 is less than a month away! At Rising Tide Capital, our entire team along with a few new helpers (interns from New Jersey City University and Saint Peter's College), as well as all of our community partners, are working diligently to make this year's GEW celebration bigger and even more impactful. We are sure that all of our hard work will yield great learning, networking and awareness opportunities for our entrepreneurs and small businesses throughout our city during the Week! However, even with all of the help that we already have, in order for this year's GEW celebration to truly be unforgettable and to make sure that the spirit of entrepreneurship is fully embraced, we need YOUR help!


This year, we ask you to Take the Buy Local Pledge, and promise  to support the entrepreneurs in your community! If you live and work in and around Jersey City, we are challenging you to commit some of your holiday dollars to the independent small business owners that keep the engine that is Jersey City's economy going. If you don't live near Jersey City, still make a commitment to spend some of your holiday funds in your own neighborhood. We have so many resources right in our own backyard, but sadly we do not take advantage of them as often as we should. The opportunities for shopping and entertainment are endless in Jersey City, as our small business culture is as diverse as the business owners! Go shopping in Jersey City's Downtown district, or find hidden gems in the Heights or Greenville. Also, check out your local newspaper or bulletin boards to buy gift certificates to local self-employed service providers. 


We have the power to ignite an economic revolution in each of our communities by spending wisely into the businesses that hire and invest locally! By taking (and keeping) the Pledge, you become a vital contributor to our local community. Your dollars will contribute to the success of local small businesses and help create the ripple effect of jobs and increased economic opportunities in our community.  Take the Buy Local Pledge today! Tell all of your friends, neighbors, and family members about the Pledge, and encourage them to do their holiday shopping in Jersey City.


To find out about more GEW activities, including our ever expanding event schedule, follow us on twitter, like our fan page on facebook, and check out our special GEW website! Together, we can get the ball rolling and raise the tide of economic opportunity for in our communities!


Thank you!
Alfa Demmellash
CEO of Rising Tide Capital
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.   
Bus4Us is On the Move!
Beverly Williams addresses City Hall during GEW 2009

When Beverly Williams' husband, Stephen Hinchey, became unemployed, they decided to view the situation as an opportunity to start a new business. Both in their 50s, Beverly and Stephen felt that whatever business they started should be one that they could continue to run after retirement.  After much thought and deliberation, they came up with Bus4Us, a service that provides transportation for children to and from school, after-school activities, and school trips.


Bus4Us, which caters to children as young as two and half years old, offers safe, reliable service with a personal touch- Beverly and Stephen personally meet with each of the parents and their children (either at their home or at the home of the potential clients) before the children start using the service. "We want to build a good relationship and comfort level before the child rides," said Beverly. "Parents and grandparents can ride with the children until they feel completely comfortable."

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Eight New Business Starts in Q3

Rafael Cruz
Rafael Cruz

Eight Rising Tide Capital Community Business Academy graduates started businesses during the third quarter of this year. As at September 30, there have been 20 new business starts reported by Rising Tide Capital clients.


Rising Tide Capital congratulates Gillian Allen, Bernice Bell, Gail Breeze, Rafael Cruz, Louis Henderson, Kevin Hurt, Terri Anne Jackson, and Paul Richardson, for successfully starting their businesses. Gillian Allen is bringing fresh and organic food to Jersey City with the Jersey City Food Coop. Bernice Bell creates designer pillows with her company Innovative 5 Designs. Gail Breeze of Breeze Design provides the unique pairing of graphic and interior design. Louis Henderson is a freelance graphic artist with his business LH4 Designs. Kevin Hurt brings afro-centric arts and artifacts to the community with Family Tree Cards & Gifts. Terri Anne Jackson enhances women's beauty with her cosmetics store Jersey Girls Cosmetic Boutique. Paul Richardson offers DJ services with his company DJ Uncle Paulie.

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Rising Tide Capital Welcomes Fred Dominguez!

Fred Dominguez

This fall, Rising Tide Capital welcomes new part-time Community Business Academy Instructor, Fred Dominguez. Dominguez comes to RTC with 37 years of experience in the banking industry, and a love for helping small businesses.


Born in New York City, Dominguez attended Lehman College where he received his BA in Economics and Business Administration, and furthered his education by attaining his graduate degree in Finance from Long Island University.  He has held various positions in the banking industry from branch manager, to assistant department manager, to working with installment loans, and small business community lending. He has worked for institutions such as Banco Popular, Banco de Ponce, and City National Bank of New Jersey.


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Nine Rising Tide Capital Entrepreneurs Attend Tory Burch Foundation Mentoring Event
Cherese Bracey with Tory Burch
Cherese Bracey with Tory Burch

On October 14, 2010, nine Rising Tide Capital entrepreneurs attended a mentoring event hosted by the Tory Burch Foundation on October 14, 2010. The Tory Burch Foundation is a non-profit formed by fashion designer Tory Burch to help economically empower women and their families.  Rising Tide Capital CEO Alfa Demmellash was invited to the event, and the invitation was extended to some of Rising Tide Capital's entrepreneurs.


The Rising Tide Capital entrepreneurs that were in attendance were Tiffany Perry, Betty Grant, Lisa Best, Gwendolyn Green, Michele Pope, Cherese Bracey, Beatrice Johnston, Michelle Ashley, and Bahier Ramsingh-Lance. Many of them reported that the experience was immensely educating and invaluable.


Cherese Bracey had an opportunity to personally connect with Tory Burch about the children's book she and her husband created. "She (Burch) was very interested in my project, and invited me to do a holiday event for kids," said Bracey. "I am very excited and hopeful that this will turn out well. Thanks to Rising Tide Capital for this amazing opportunity."

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CLUB CEO 2.0 Launch Party a Success!
Beatrice and Michelle

On Wednesday, October 13, 2010, Rising Tide Capital (RTC) hosted the CLUB CEO 2.0 Launch Party, at 58 Gallery, in Downtown Jersey City. CLUB CEO is a members-only club available exclusively to all Community Business Academy (CBA) graduates. The launch party was designed to share all of the new benefits of the revamped CLUB CEO program with CBA alumni.


"For this fall, additional services include automatic, no-fee membership for CBA graduates, business loans available through a partnership with the Intersect Fund, participation in the Rising Tide Exchange registry, and an innovative new advanced seminar schedule which will include small business master classes," Director of Programs, Jay Savulich said. Other benefits of being a CLUB CEO member include access to markets events, access to the RTC Technology Center, business grants, monthly networking meetings, and discounts on advanced seminars, classes, and one-on-one coaching.

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Buy Local! Take the Pledge Today!

Take the Pledge