Michael & tree
North Coast SBDC Newsletter
In This Issue
SBDC Funding
Business Basics in Willow Creek and Redway
So you want to be an SBDC Contractor
SBDC-Del Norte client awarded 1% loan
New Faces, new Flights
Community Events
Unemployed Entrepreneurs
Quick Links

Join Our List
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Hello!

We are approaching yet another venture into the fall season, with lots to do!

I'm sure you agree that this time of year provides both challenges and rewards.  At times it is 'back to the grind stone' and at other times it seems 'the ball may be rolling' toward your goals, with renewed energy and new inspirations.
Grants & Programs

Current news comes from Humboldt County's Workforce Investment Board.  Base funding for Rapid Response in Humboldt County has been increased.  Although the down side to getting more funding is that there is a need for increased services in layoff aversion and layoff response, the positive note is that our governments recognized this fact and have made it possible to increase funding.  Included in the Rapid Response funding are also the BizNet services, which provide answers to questions related to business operations for the public at no cost.  people looking around a corner

Sandy Neal, who is the BizNet Manager, commented, "We have been very busy in the past 18 months in just responding to layoffs.  This increase in funding, along with an injection of federal stimulus funds, allows us to return to performing a substantial amount of in-depth layoff avoidance."



We are also glad to report that the North Coast SBDC has submitted our documents to Humboldt County and Crescent City for the California Community Development Block Grant 2009-2010 applications

Due to an increase in applications state-wide, this year is said to be more competitive.  The awards will be announced in November, so we hope to share the good news with you then.
Workshops
green stoplight

It's not to late to attend the
Business Basics Seminar Series
in Redway or Willow Creek!


News


Fall 2009 Request For Proposals

The North Coast Small Business Resource Center is soliciting an open list of qualified business contractors to perform specialty skills as needed for various groups and individuals. 

Application materials must be received by
October 2, 2009 at 5 PM.

Please visit our website at
www.northcoastsbdc.org
for more information.

dollar bill circle fan image

2010 Economic Fuel

The Humboldt County Student Business Challenge
will award $100,000 this spring to turn a
winning business plan into seed capital!

Informational sessions are scheduled
throughout the month of September.

Complete information is available on the
Economic Fuel website:  www.economicfuel.com

The North Coast Small Business Resource Center is a community partner to the competition.

To get the latest news and alerts
as the competition progresses please visit
http://www.economicfuel.org/MailList.aspx


Client Success Story                

SBDC-DEL NORTE CLIENT RECEIVES $25,000 1% INTEREST LOAN FOR NEW BUSINESS
 
 
Norris Harp received a check August 14th for $25,000 from a new Micro Enterprise Financial Assistance Program in Del Norte for his new small business start-up, A Gamers' Retreat, located at 260 I Street, in downtown Crescent City. 

The loan funds are from a new micro enterprise financial assistance program in Del Norte County designed to provide very low interest rate loan funds for CDBG-eligible clients who want to start, expand, and grow their small businesses.  The loans are at 1% interest, with a five year term, and maximum loan amount of $25,000.
 
Mr. Harp will use his loan funds for capital equipment, gaming tables, merchandise racks, etc.; wholesale purchase of inventory for retail sale; marketing, advertising; and operational expenses.  He has invested personal funds in monthly lease, tenant improvements, utilities, insurance costs, inventory, and operational expenses.
 
The loan program is a Tri-Agency Economic Development Authority Micro Enterprise Financial Assistance Program funded with HUD Community Development Block Grant funds through the California Department of Housing and Community Development disbursed by the County of Del Norte.  Tri-Agency Economic Development Authority Executive Director Bill Renfroe administers the loans and SBDC-Del Norte Business Advisor Barbara Burke and Administrative Assistant Janna Clemons provide technical support to clients in understanding the requirements and prerequisites for the loan and in completing their applications.
 
Qualifications for the loan include meeting CDBG income guidelines and providing information, materials, and documents generally required for most traditional lending institutions.
 
A Gamers' Retreat is a business which offers a clean, well-lighted, friendly, comfortable, safe place to play specialty games, role playing games, Mini's, and collectable card games.  The business also provides tables and space to play these games as well as a social environment for the clientele.  There is no charge for use of the tables or playing games.  Mr. Harp offers a wide variety of specialty games and collectable cards and various associated products for sale, and places special orders for clients for products not normally in stock.  
 
Grand opening is Saturday, September 5th.  Summer hours are Sundays 2:00 PM to 9:30 PM, Mondays through Thursdays 11:00 am to 9:30 PM, and Fridays and Saturdays 11:00 am until midnight.  Telephone number of A Gamers' Retreat is (707) 954-4572.

The Daily Triplicate has a great article about A Gamers' Retreat.  Check it out!

People                 

In an effort to raise awareness of two upcoming flights that we are currently coordinating, this month we spotlight two new faces at the North Coast SBDC.

Chelsea Cough 2009Chelsea Cough is already making strides at starting a child care flight in October.  With her background in gaining support for various programs, she is doing a fantastic job at getting the word out to newly licensed child care providers and seasoned professionals who may also be in search of specialized training in running the business end of a child care facility. 

Chelsea said, "This is a great opportunity for anyone who has a business or who is starting one to learn a great deal about the planning, marketing, and record-keeping that must go into any successful micro-enterprise."  Chelsea has obtained networking assistance from several community members and plans to continue her marketing throughout Humboldt County.

Kathrine Bridgwater 2009Kathrine Bridgwater is heading up the effort to start a retail flight in September.  Since this is the first ever retail flight, Kathrine has employed a traditional marketing campaign including newspaper advertising, Chamber newsletter flyers, and the tried-and-true strategy of meeting directly with business owners at their retail store to spread the word about the program.

"Business owners are very excited to see that the Retail Flight is approaching take-off.  This flight will provide retailers an advantage at addressing the challenges that this poor economy creates for retailers.  Hopefully retailers will feel that the flight comes right in time to get ready for the holiday buying season," Kathrine said.


For more information about either the Child Care or Retail Flights please see our webpage at www.northcoastsbdc.org
Events


Redwood Coast Opportunity Fair

Job Seekers: Find Seasonal Jobs
with Local Employers at the

Retail Holiday Job Fair
  • Apply for Holiday Work
  • Meet Employers
  • Network
  • Access Training
  • Connect to Job Services
  • Have a Resume Review

Wednesday, September 9, 2009
10:00 am to 2:00 PM
423 F Street, Eureka

To complete a Master Application in advance
of the Opportunity Fair please visit
www.NorthCoastProsperity.com/jobmarket

For More Information: 1-707-441-JOBS (5627)

Brought to you by The Job Market
Expanding Opportunity - Growing Quality
Improving Competitiveness - Career Potential




NorthWest Insurance Agency


presents

Basics of Bonding

Manny Mello, CIC will present basic information regarding the bonding process, what bonds are, and the requirements to qualify for bonding.

Bonding is NOT insurance and if you intend to bid on government jobs, you must be able to provide bid, payment and performance bonds.

Wednesday, September 23, 2009
9:00 - 10:00 am
NorthWest Insurance, 1500 4th Street, Eureka

Call 707-444-3094 to reserve a seat.

There is no charge for this seminar.
Please leave your contact information with the receptionist.

License # 0580581



Women Entrepreneurs

Please join the Women Entrepreneurs Institute for the
 
Annual Networking Gala
  • Treat yourself to an elegant evening
  • Meet business women who can benefit from your products and services - bring plenty of business cards!
  • Support, inspire and share resources with a community of women entrepreneurs

Thursday, October 8, 2009
5:15 - 8:00 PM
Avalon Restaurant, 3rd & G Streets, Eureka

$25 per person before September 11,
$30 September 12 - October 7,
$35 at the door.

Space is limited & pre-registration is encouraged. 

Contact:
www.women-entrepreneurs.org
or Susan Seaman at 707-822-4616 ext. 12


Stat for this month.
Onrec.com, the online presence of Online Recruitment magazine, reported this week that, "The latest results from the quarterly Challenger Job Market Index released Thursday (July 31) by global outplacement consultancy Challenger, Gray & Christmas, Inc., reveal that 8.7 percent of job seekers gaining employment in the second quarter of 2009 did so by starting their own enterprises.

house made of dollar billsThat is up from 6.4 percent in the previous quarter and it was nearly double the start-up rate of 4.3 percent in the second quarter of 2008." The second-quarter figure was the highest since the third quarter of 2007, when 10.1 percent of job seekers started businesses.

As recently as the final quarter of 2008, the start-up rate fell to a record low of 2.7 percent.
As I look through the newsletter this month, I realize that the North Coast SBDC touches so many people in our community.  From the business owners, to the non-profit partners, through to the government entities, and the entrepreneurs in our region.  The North Coast SBDC couldn't do this without you, so thank you for being a part of our extended family and continuing to support our mission.


Kathrine Bridgwater head shot     Sincerely, 


     Kathrine Bridgwater
     Small Business Development Analyst




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