About The City of Minneapolis Business Technical Assistance Program - - PowerPoint PPT Presentation

About

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The City of Minneapolis’ Business Technical Assistance Program (B-TAP) provides training and funding for business consulting services that support new business development, business retention, and business growth. B- TAP contract with non-profit business development

• rganizations and enterprises with community organizing

expertise, cultural competency, and technical skills to provide the assistance.

• Business planning
• Loan Packaging
• Navigating regulations and licensing
• Real estate lease and purchasing
• Marketing
• Other

Program Evolution

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Program Development Timeline:

• 2012, Council Resolution
• 2013, Creation of B-TAP
• 2014, B-TAP Plus 101 Series
• 2015, Cooperative Technical Assistance (C-TAP)
• 2016, Small Real Estate Developer Trainings (D-TAP)
• 2017, B-TAP Professional Series

More details page 5 of the RCA

2018 Funding Round

• $500,000 initial available funding
• Feasibility $127,500,
• New Business $135,000,
• Business Retention $150,000
• Business Expansion $100,000
• 15 Proposals totaling $988,650
• 14 Proposals recommended for $512,500
• 12 are current service providers
• 2 are new to B-TAP

Request for Proposals

2017 Year-end Annual Performance Report

Jan-Dec, 2017

* Demographic data for Core B-TAP 2017 only. Includes 2015-2017 and 2016-2018 contracts. Created 02/22/2018

Clients Served

(Including subprograms)

• Core B-TAP: 301
• B-TAP+ (Train the Trainer): 15
• C-TAP (Co-ops): 48
• D-TAP (Developers): 70

Total: 434

• Business Technical Assistance

hours: 3,388 hours

Jobs

• Jobs Created: 213
• Jobs Retained: 936

25% 39% 23% 13%

B-TAP 2017 Participant Income Level

Extremely Low Income Very Low Income Low Income Not Low Income 43% 57%

Participant's Gender

Female Male

2017 Program Highlights*:

B-TAP Core business support program served 301 entrepreneurs

• 66% of participants are minority-owned businesses
• 45% were start ups, 51% Existing businesses, and 4% Expansions
• 10 were DBE certified

29% 4% 5% 19% 7% 36%

B-TAP 2017 Service Recipients Cultural Background*

African Immigrant American Indian Asian Black/African American Latino/Hispanic White

2017 Year-end Annual Performance Report

Jan-Dec, 2017

2014-2017 Business Served by Ward

B-TAP Provider

1 African Development Center 2 African Economic Development Solutions 3 Bii Gii Wiin Community Development Loan

Fund

4 Bunker Labs Minneapolis 5 Community Action Partnership of Hennepin

County

6 Comunidades Latinas Unidas En Servicio 7 Hmong American Partnership 8 Impact Hub 9 Lake Street Council 10 Latino Economic Development Center 11 Metropolitan Consortium of Community

Developers

12 Metropolitan Economic Development

Association

13 Neighborhood Development Center 14 New American Development Center 15 Northside Economic Opportunity Network 16 Seward Redesign 17 Small Business Development Center 18 The Glitch 19 West Bank Business Association 20 West Broadway Business and Area Coalition 21 Women Venture

• Total: 21 service providers

(including this recommendation)

• Selected to reach diverse

audiences:

• Geographical Location
• Cultural Competence
• Business tools
• Post selection- ongoing capacity

building and feedback:

• B-TAP Plus
• Orientation
• Round Table
• Other trainings

About the Service Providers

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B-TAP’s Goals 2018- 2021 Goals 2018-2021

• Continuing to close socio-economic equity gaps through the provision
• f technical assistance
• Increasing service capacity to serve at least 3% of the small-to-medium

size business population by 2021

• Increasing the participation of small, women, and minority-owned

businesses in City procurement and contracting opportunities

• Diversifying B-TAP’s core competencies, creating or improving at least

three specialized programs

• Increasing B-TAP’s outreach efforts and evaluating the program’s impact

More on page 5-6 Strategic Plan.