About 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 organizations 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 1
Program Evolution 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 2
Request for Proposals 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 •
2017 Year-end Annual Performance Report Jan-Dec, 2017 Clients Served B-TAP 2017 Participant Income Level (Including subprograms) Core B-TAP: 301 13% • Extremely Low 25% B-TAP+ (Train the Trainer): 15 • Income C-TAP (Co-ops): 48 • Very Low Income D-TAP (Developers): 70 23% • Total: 434 Low Income Not Low Income Business Technical Assistance • 39% hours: 3,388 hours Participant's Gender Jobs Jobs Created: 213 • 43% Jobs Retained: 936 Female • 57% Male * Demographic data for Core B-TAP 2017 only. Includes 2015-2017 and 2016-2018 contracts. Created 02/22/2018
2017 Year-end Annual Performance Report Jan-Dec, 2017 B-TAP 2017 Service Recipients Cultural Background* 29% African Immigrant 36% American Indian Asian Black/African American 4% Latino/Hispanic White 5% 7% 19% 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 •
2014-2017 Business Served by Ward
About the Service B-TAP Provider 1 African Development Center Providers 2 African Economic Development Solutions 3 Bii Gii Wiin Community Development Loan Fund Total: 21 service providers • 4 Bunker Labs Minneapolis (including this recommendation) 5 Community Action Partnership of Hennepin County 6 Comunidades Latinas Unidas En Servicio Selected to reach diverse • 7 Hmong American Partnership audiences: 8 Impact Hub Geographical Location • 9 Lake Street Council Cultural Competence • 10 Latino Economic Development Center Business tools • 11 Metropolitan Consortium of Community Developers 12 Metropolitan Economic Development Post selection- ongoing capacity • Association building and feedback: 13 Neighborhood Development Center 14 New American Development Center B-TAP Plus • 15 Northside Economic Opportunity Network Orientation • 16 Seward Redesign Round Table • 17 Small Business Development Center Other trainings • 18 The Glitch 19 West Bank Business Association 20 West Broadway Business and Area Coalition 21 Women Venture
B-TAP’s Goals 2018- 2021 Goals 2018-2021 • Continuing to close socio-economic equity gaps through the provision of 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 . 11
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