Entrepreneurial Scholarship Fund - Class of 2010-11 LDA Collaborative Project Presentation
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A project to award scholarships for the E-Hub Program, a short-term training program for those who wish to own and operate their own small business.
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Plus de Leadership Development Academy of Rock County, Wisconsin
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Entrepreneurial Scholarship Fund - Class of 2010-11 LDA Collaborative Project Presentation
- 1. E-Hub Scholarship Fund A Scholarship for Entrepreneur Development Founded by Rock County LDA Group 3 (Class of 2010-11) and Community Foundation of Southern Wisconsin
- 2. Nonprofit entrepreneurial training program founded in Green Bay in 1998 as the Reggie White Urban Hope Foundation. Encourages entrepreneurs to network among themselves and other local businesses to form an enterprise team. Program acts as a compass, directing entrepreneurs to available resources. What is E-Hub?
- 3. Program History E-Hub classes have been held in Green Bay/Fox Valley area since 2003. In 2010, E-Hub partnered with Southwest Wisconsin Workforce Development Board to help displaced workers potentially own and operate a small business. E-Hub graduates launched 500+ businesses/3,000+ FT/PT jobs in Northeast Wisconsin The E-Hub Program has also grown regionally, with courses in Akron/Canton, Ohio.
- 4. “Stepping Up To New Opportunities” 28 hours of classroom instruction – half-day per week for 7 weeks. Lead Mentor (facilitator) guides participants through course handbook, critiques weekly assignments. Completion of a business plan not required, but encouraged. Since January 2010, 50 participants have completed the program, many dislocated from previous employment.
- 5. 360 Technical Computer Services. 4 Paws TLC Amy Mitchell LLC Badger BMX Badger State Maintenance Borderline Chroming Bushelle Photography/Janesville Hot Air Balloon Co Dominion Repair and Electrical Services Hansberry Septic Service Ice Arena Maintenance Kelley Process Services, Inc. L&R Woodcrafters Businesses Launched by E-Hub Graduates
- 6. Land of the Giants Massage in Motion Our Planet Workwear P&Y Painting Reliable Community Shopping, LLC Rock River ESP Rock, Paper, Penn Designs Rose’s Soulful Restaurant Shaggy Dog’s Marinade Stateline Renewable Fuels Suzanne Vinmans, Artist Technobytes Verheijen Designs LLC Businesses Launched by E-Hub Graduates (continued)
- 7. Entrepreneur Development Scholarship Developed by Rock County Leadership Development Academy (LDA) Group 3 in conjunction with Community Foundation of Southern Wisconsin to increase entrepreneurship and small business ownership in Rock County. The scholarship fund will assist Rock County aspiring entrepreneurs and small business owners to participate in the E-Hub Program.
- 8. Why an Entrepreneur Development Scholarship Rock County has seen great change while weathering economic challenges in past several years Entrepreneurs continue to launch businesses and face challenges The E-Hub program provides a “101” course to entrepreneurs to get businesses up and running Entrepreneurial generation
- 9. Applicants who : Currently own a small business in Rock County or propose to run a small business in Rock County. Have a high school diploma or GED/HSED certificate. At least 18 years old. Are not eligible for or receiving other grants or scholarships related to the E-Hub program. Accepted into the E-Hub program. Who is Eligible for the Scholarship?
- 10. $15,000 minimum to establish an endowment and begin assisting students immediately. Increase new entrepreneur and small business owner participation in the E-Hub program. Encourage scholarship recipients to pay it forward by volunteering with E-Hub in the future and/or financially contributing to the scholarship fund. Community Foundation of Southern Wisconsin administers and manages the fund. Entrepreneur Scholarship Fundraising Goal
- 11. The interest earned on the principal of the endowment will generate revenue to support the fund. Graduates of the E-Hub program will be encouraged to make a donation. LDA Group 3 will help educate the community about E-Hub and the Scholarship. How will the Entrepreneur Scholarship Fund Sustain Itself?
- 12. How Can You Help? Spread the word about Rock County E-Hub’s Entrepreneur Program Support small businesses in Rock County Contribute to the E-Hub Entrepreneur Scholarship Fund
- 13. For More Information: To learn more about Rock County E-Hub, visit www.swwdb.org/ehub.htm For background information, visit www.urbanhopegb.org “Like” Rock County E-Hub on Facebook: www.facebook.com/rockcountyehub Contact Eric Kuznacic, SWWDB Business & Employer Services Manager, at (608) 741-3502 or e.kuznacic@swwdb.org. To donate to this Fund or learn more about Community Foundation of Southern Wisconsin, visit: www.cfsw.org
Notes de l'éditeur
- Group members: Brenda Ortberg – Alliant Energy and Karissa Chapman – City of Janesville Karl Hanson, Nowlan and Mouat Law Firm Jake Reed, Kandu Industries Traci Scherck, Community Action Inc
- What is E-Hub? E-Hub is a nonprofit entrepreneurial training program founded in Green Bay in 1998 as the Reggie White Urban Hope Foundation. E-Hub is a unique program in which classroom training is combined with one-on-one coaching to explore business ideas and market feasibility and provides a platform for existing and aspiring entrepreneurs to network and collaborate with one another.
- Former Green Bay Packer, Reggie White, and his wife, Sara, had a vision of helping entrepreneurs realize their dream of owning and operating their own business. The vision grew into an outstanding foundation of entrepreneurs who developed self-sufficiency and a sense of giving back. This vision has become known as the “Power of 92 “ and is responsible for: Creating and fostering entrepreneurial networks and partnerships. Stimulating a local culture of leadership, innovation and small-business advocacy. Providing innovative, hands-on training to spur economic development. Teaching social enterprising and a sense of giving back to the community.
- E-Hub offers a course titled, “Stepping up to New Opportunities,” as a starting point for exploring entrepreneurship, as well as an opportunity for those already in business who wish to expand or “reboot” their business. These classes aim to help participants: Determine the feasibility of his/her concept to the marketplace. Develop the foundation of a business plan. Understand strategic planning. Discuss and analyze small-business issues and challenges. Learn about innovation and leadership principles. Each week, program facilitators, called Lead Mentors, assemble a dedicated group of local business leaders and subject-matter experts – some of whom are E-Hub alumni and successful entrepreneurs themselves – who voluntarily serve as presenters.
- The Rock County E-Hub Program continues to add to the list of businesses launched or “rebooted” by its graduates. These are just a few examples of individuals who are offering their products and services to the community and employing local residents.
- The E-HUB Entrepreneur Development Scholarship Fund was developed by Rock County Leadership Development Academy Group 3 in conjunction with Community Foundation of Southern Wisconsin to help Rock County entrepreneurs launch and grow their businesses by participating in the E-HUB Program partnered with the Southwest Wisconsin Workforce Development Board. Why did we partner with CFSW? Name recognition / community reputation Management structure – a tried process for application Potential for turnkey operation Publicity
- The recipients of the scholarship must meet minimum guidelines. HS Degree? We saw educational opportunities available to all community members during LDA We want to encourage people to take advantage of educational opportunities In context of scholarship application, this is one element of demonstrating commitment
- Group 3 has partnered with Community Foundation of Southern Wisconsin to establish, administer, and distribute the scholarship fund. To establish the Entrepreneur Scholarship endowment fund, a minimum of $10,000 is needed, but no funds will be paid until the third year of the initial investment. Therefore, our LDA Group set a goal to raise $15,000 or more this year to establish the fund and immediately begin helping perspective students obtain money toward E-Hub tuition for “Stepping Up to New Opportunities” course. We estimated a 5% return on the $10,000, which would mean approximately $500 available per year for scholarships (at current rates, that’s 2 per year). $2,000 on top of the $10,000 guarantees 2-3 scholarships per year for the three year incubation period when the CFSW fund will not pay out. The $3,000 in our goal on top of that is an effort to make 3 scholarships per year more likely than 2 and or to account for potential tuition increases. State funding diminished; this will keep deserving people in the program Alliant Energy Private / individual contributions
- Included in your packet is: The scholarship requirements The scholarship application The pledge form for contribution to the scholarship