August 2015                                                                                                                 Issue #83
In This Issue
Over $200 million in Tax Credits Available to California Businesses
Shasta Cascade SBDC Financial Management Series Workshop
NEC SBDC Needs Assessment Survey
Truckee Wins $8 million Grant to Kick Start Railyard Project
17th Annual Women in Business Conference
NEC SBDC Service Centers
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Director's Corner
Dear ,

This continues to be an exciting year for the Northeastern California SBDC, its partners and clients. Thanks in large part to our new partners, including the Governor's Office of Business and Economic Development and local lenders, we have been able to expand the number of business advisers available to assist local entrepreneurs and small business owners. In particular, the focus over the past 7 months has been to expand access to capital. Today we are at 230% of last year's capital infusion levels for the entire year.  

So far this calendar year, we have helped 171 local businesses secure $24 million ($24,711,709.80) in new capital.

In addition to Capital Infusion, so far this calendar year we have:
  • Helped small businesses create 255 jobs
  • Helped small businesses retain 177 jobs
  • Provided 1,174 clients with 1 on 1 advising, totaling over 4,917 hours
  • Provided training to 997 entrepreneurs
  • Help entrepreneurs launch 79 companies   
We look forward to expanding our services to help more local entrepreneurs. We are able to leverage every local $1 dollar of support to secure $3 dollars of Federal funding. In other words, your $1 of support results in $4 in local technical assistance. To find out how to work with the NEC SBDC program in your community, please reach out to me, or your local office (links to the left of this article). Thank you so much for your support.

Sincerely,
 
Dan Ripke
Director
Northeastern California SBDC Lead Center
California State University, Chico
(530) 898-4598
CALIFORNIA SMALL BUSINESS NEWS


"There are significant tax incentives for businesses that are expanding or relocating to California," said Murrieta City Councilman Jonathan Ingram, "And it is important that we educate local growing businesses on the availability of these tax advantages."

The city of Murrieta and the County of Riverside Economic Development Agency recently sponsored a workshop to educate local businesses and help them with the application process for the California Competes Tax Credit, a part of the governor's Economic Development Initiative (GEDI). The workshop was held on July 24 at the Murrieta Public Library and was led by Will Koch, Deputy Director, California Competes, from the governor's Office of Business and Economic Development (GO-Biz). READ MORE
REGIONAL SMALL BUSINESS NEWS 
 
Shasta Cascade SBDC Financial Management Series Workshop 
 
This is a 4-week series, 2 hours per week, designed to teach you how to utilize your financial statements to better manage and understand your operations, cash flow, and profitability.

Series includes: 
-Interpreting financial statements
-Identifying your cash flow cycle and how it impacts your business
-Learning how to calculate and use financial ratios to troubleshoot fiscal dangers and improve performance
-How to think critically when looking at pricing and costs
-Developing forecasts and budget techniques to improve profits
-Understanding how to input, read, and use your financial reports

Time
6:00 PM - 8:00 PM
Location 
Dates
Thursday, September 10 at Shasta Cascade SBDC
Thursday, September 17 at Shasta Cascade SBDC
Thursday, September 24 at Shasta Cascade SBDC
Thursday, October 1 at Shasta Cascade SBDC
Cost
$40.00(for the series)

REGIONAL SMALL BUSINESS NEWS 
 
NEC SBDC Business Needs Assessment Survey 
 
The Northeastern California Small Business Development Center (NECSBDC) is conducting a six week (7/13/15 - 8/21/15) survey to determine the needs of regional small businesses.

This survey will gather useful data on small businesses throughout the 23 county region that the NEC SBDC serves. The survey consists of a variety of questions that will help the NEC SBDC thoroughly understand the needs of the small business community. There will also be an opportunity for the participants of the survey to win a Nexus 7 Google Tablet.

If your business is located in the NEC SBDC region please take a few minutes(approximately 5 minutes) to fill out our survey. If you have already taken this survey, thank you.


REGIONAL SMALL BUSINESS NEWS 
 
Truckee Wins $8 million Grant to Kick Start Railyard Project
Truckee Railyard Project Increases Community Vitality and Reduces
Climate Impacts at Site Once Thought "Impossible"
  
The Truckee Railyard Project is ready to whistle, "full steam ahead". Following twenty years of planning, fine-tuning, and economic stalls, a community vision is finally coming to fruition.

The Town of Truckee and the Sierra Business Council [SBC] announced today that the California Strategic Growth Council has awarded an $8 million grant to the Truckee Railyard Partners. The grant will catalyze the development of 60 units of workforce housing at the Truckee Railyard site immediately adjacent to Truckee's historic downtown as a part of the larger $100 million private sector
revitalization plan for the site. READ MORE

REGIONAL SMALL BUSINESS NEWS



NEC Small Business Development Center at Butte College (SBDC) is excited to present the Agenda for our 17th Annual Women in Business Conference.  The day promises to Empower You - as you learn how to positively engage and effectively market to the three biggest generations, Educate You - as you embrace new approaches to the lightning pace of technology and the profitable business environment, and Encourage You - to remain relevant in the ever-changing business world resulting in continuous success.

Date: 
Tuesday, September 22nd, 2015
Time:
Registration & Check-In: 8:00 am to 8:30 am ~ Conference: 8:30 am to 2:30 pm
Location:
Chico Masonic Family Center
Cost:
Registration: $110 per person 8/18/15 - 9/19/15 After September 19th
At The Door: $125 per person


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Thank you for subscribing to our newsletter.  Please e-mail me with your content ideas for next month's edition.

Sincerely,

Dan Ripke
Director
Northeastern California SBDC Lead Center
& Center for Economic Development
California State University, Chico
www.necsbdc.org
(530) 898-4598