*Monterey Bay Critical Conversation.Bud Colligan 6.24.14

Bringing It Home To Monterey BayBud Colligan

South Swell Ventures

June 24, 2014

MONTEREY BAY REGIONAL CRITICAL CONVERSATION

BUD COLLIGAN SOUTH SWELL VENTURES

• Diversified Small Company Economy… • Leveraging Distinct Regional Assets…• While Preserving & Enhancing Our Environment


Vision



Diversified Small Company Economy



Leveraging Distinct Regional Assets



While Preserving & Enhancing Our Environment


Entrepreneurial Eco-System

COLLEGES & UNIVERSITIES

COLLEGES & UNIVERSITIES

TALENTTALENT

INTELLECTUAL PROPERTY

INTELLECTUAL PROPERTY

CAPITALCAPITAL

COMPANY SPIN-OFFS

CROSS-FERTILIZATION

COMPANY SPIN-OFFS

CROSS-FERTILIZATION

ATTRACTION OF TOP TALENT

ATTRACTION OF TOP TALENT

GRASS-ROOTS ECO-SYSTEM

GRASS-ROOTS ECO-SYSTEM

• Commercial Banks

• Credit Unions

• SBA Guaranteed Loans

• Micro Loans

• Crowd Funding

• Family and Friends

• Equity Investment

Sources of Capital


Equity


Profitably invest in high growth businesses on the Central Coast to grow jobs and economic outcomes for the region

Central Coast Angels Mission


Experienced Team


Investments To Date


www.centralcoastangels.com

Lifeblood of the Economy

Small Business


Is Access to Capital Important?

of Californians have less than $500 in the bank

40%


Is Access to Capital Important?

of businessesFAIL due to lack of financing

50%


• Acceptable Credit Score

• Past Foreclosure

• Lack of Documentation

• Undocumented Business Owner

• Loan too small

Obstacles to Successful Financing



Microfinance Theory of Change• Provide clients with small but meaningful

amounts of money and financial advice

• Help them develop strong financial habits, increase income and create jobs

• Build a foundation for economic mobility extending into the next generation

Opportunity Fund


OF loans boost income for business owners by

37%

of NEW JOBS are created by small businesses

64%

Opportunity Fund in FY 2013


$14,521,444Invested

1,124Loans

In the first 13 months

Monterey Bay


69Loans

$1,107,723Total

$16,054Average Loan

Clients in Monterey Bay


79%Low/Moderate

Income

73%Ethnic

Minorities

37%Female

Business Purpose of Loans


• 880 New Businesses

• 8,000 New/Retained jobs

• $253M in Increased Sales

• $343M in Capital Infusion (Debt/Equity)

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Small Business Development Centers


Monterey Bay SBDCs


CABRILLO COLLEGE SBDCServing Santa Cruz County

CSUMB SBDCServing Monterey & San Benito Counties

325 Businesses served 203

1,736 Hours of Advising 933

2,133 Seminar Attendees 591

RESULTS

22 New Businesses 9

86 Jobs Created 34

134 Jobs Retained 3

$2.6M Sales Increase $2.3M

$1.6M Equity Financing Obtained $6.2M

$5M Loans Obtained $350K

Classes, Advising & Resources


• Developing a Business Plan• Preparing Financial Projections• Developing a Marketing Plan• Financing Your Startup• Develop Methods to Reduce Cost• Establish Banking Relationships • Implement Marketing Strategies• Increase Sales Opportunities

• Business Expansion Planning• Buying or Selling a Business• Cash Flow Projections / Analysis• International Trade• Organizational Management• Procurement Assistance• Social Media & Web Marketing Assistance• Strategic Plans

Advising Services are Available for All Classes and are Confidential & Free

Provided by SBDC & Collaborative Sponsors

Pacific Community Ventures

BUD COLLIGAN SOUTH SWELL VENTURESwww.businessadvising.org

2013 Impact: Business Advising2013 Impact: Business Advising

$60,000,000+

3,307Jobs Supported

331 New Jobs Created

66% Low

Income Workers

in wages paid to residents of low income communities

BusinessAdvising.org

250Entrepreneurs


362Advisors

149Advising Engagements

lynda.com Online Courses

WebEducation

Business Tech Creative

Leadership

CAD

Developer / IT

Photography Design

Video3D + Animation

Audio & Music

2,600+Courses

9,200+Hours

Tools

Skills

Inspiration

~500 Courses ~700 Courses ~1,400 Courses

Online Marketing

Project ManagementProductivity

Business Skills

Data Analysis

Business Tools


• 98 PTACs Nationwide; 6 in California – Administered by DLA

• Monterey Bay PTAC established in September, 2012

• Covers 38 Central and Northern California Counties

• Assists small businesses in obtaining and performing under local, state, and federal government contracts

• Offers confidential procurement technical assistance to businesses at no cost

Monterey Bay Procurement Technical Assistance Center (PTAC)


Helping Businesses Contract with Government

• Government Registrations

• Small Business Certifications

• Government Marketing

• Identifying Bid Opportunities

• Bid Matching Services

• Government Rules & Regulations

• Bid/Proposal Review

• Contract Management

• Contract Compliance

• Agency – Supplier Interface

• Specialized Training & Workshops

Monterey Bay PTAC Services


Free, Confidential, Customized,

“Cradle to Grave” Counseling

20%of Total Awards

(11 of 56)

PTAC Results in Monterey Bay


$3,315,530in Government Contracts


Bringing it Home to Monterey Bay

*Monterey Bay Critical Conversation.Bud Colligan 6.24.14

Business

Transcript of *Monterey Bay Critical Conversation.Bud Colligan 6.24.14