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January 28, 2014

The Search for a Good Exit: An Introduction to Ownership Succession Planning

Filed under: SRDC — admin @ 11:19 am

An introduction to business ownership succession planning will be offered on Wednesday, February 12 from Noon to 3:00 at the Howard Dean Education Center, 307 South Street in Springfield.  There is no cost for this event.  Attendees will receive a copy of “An Owner’s Guide to Business Succession Planning,” and lunch will be served.

In this seminar, you will learn the basics of how to choose a path for ownership succession in your business. We will take a close look at four different ways of selling a business: to an outsider, to family members, to managers and to the larger group of employees. While we will get into some technical details, the focus will be on stories about each path, told by owners who have been involved in the sale of businesses. John P. Murphy, President of Atlantic Management Company, will give an overview of the mechanics of the most common ownership transition models. Owners and former owners of Vermont businesses will tell their stories of ownership succession, live and via video.

Attendance is limited to business owners and key managers.

Sponsors of the event are the Springfield Regional Development Corporation, the Vermont Small Business Development Center and the Vermont Employee Ownership Center, with funding provided by the Vermont Agency of Commerce and Community Development.

To register, please click here or call 802-338-7448.

January 14, 2014

Start Your Own Business Workshop Coming on 2/7 in Windsor

Filed under: SRDC — admin @ 2:20 pm

Vermont Small Business Development Center (VtSBDC) is offering a four-hour workshop on how to start your own business and write a business plan.  The course will be offered on Friday, February 7th from 9:00 am. to 1:00 p.m. at the Windsor Welcome Center at 3 Railroad Avenue in Windsor, Vermont.

Starting Your Own Business is conducted by experienced business advisors and designed as a step-by-step guide for starting a business in Vermont for the first-time business owner:

  • Evaluate whether there is a viable business in your good idea
  • Identify your target customers and explore how to conduct market research
  • Learn how to register your company, apply for tax numbers and protect your brand
  • Prepare to write an effective business plan
  • Find out about financing options and learn what a credible loan package looks like
  • Receive access to the online workshops to increase your knowledge in money, marketing and management (at your convenience) valued at over $150.00

By the end of this workshop you will be well-informed about the resources available to you and the steps involved in launching a successful business.

Space is limited. To register for the workshop sign up online at www.vtsbdc.org (click on the training tab). For registration questions, please email Heather Gonyaw at hgonyaw@vtsbdc.org.  The registration fee is $99.00.  Your payment includes a start-up workbook in hardcopy and pdf format.

Vermont Small Business Development Center is a non-profit partnership of government, education and business, organized to help Vermont small businesses succeed. No-cost, confidential advice is provided to existing business owners and new entrepreneurs throughout the state.  For more information visit www.vtsbdc.org or contact Debra Boudrieau at the local SBDC office, located at Springfield Regional Development Corporation at (802) 885-2071 or dboudrieau@vtsbdc.org.

Vermont Small Business Development Center is a partnership program with the U.S. Small Business Administration.  The support given by the U.S. Small Business Administration through its funding does not constitute an expressed or implied endorsement of any of the co-sponsors’ or participants’ opinions, products or services.

January 9, 2014

Irene Business Recovery Grants: Final Workshops for Funding Assistance

Filed under: SRDC — admin @ 9:08 am

SRDC and Brattleboro Development Credit Corporation (BDCC) have received an additional $500,000 in Community Development Block Grant – Disaster Recovery (CDBG-DR) funds through the Vermont Agency of Commerce and Community Development (ACCD) to assist businesses with “unmet disaster recovery needs” related to Tropical Storm Irene.  The two groups have scheduled free, mandatory, workshops next week for those interested in applying for funding through this program.

To date, BDCC and SRDC have facilitated grant awards, ranging from $1,000 to $50,000, to over 30 businesses in Southern Windsor and Windham Counties.  In order to be eligible for potential funding, business applicants need to demonstrate “unmet need”.  The term refers to those items that are a direct result of flooding from Irene that have not yet been addressed through other means, such as FEMA, VEDA, or other grants, loans, or contributions. Eligible use of funds include repair of structure, repair or replace equipment, creation or retention of jobs, interest rate buy downs on private loans, rent subsidies and lost rental revenue.

This is a very competitive process as the documented unmet need greatly outweighs the funding. A Selection Committee of representative individuals from each Region will determine which businesses will receive funding and the total amount of funds to be granted to each business based on program criteria. The last expected application round has a tentative due date of February 28, 2014. Applications must be complete to be reviewed.

If you are a business that’s still struggling to recover from the effects of Tropical Storm Irene, you are encouraged to attend to learn more about this program and how it may be of assistance. Those interested in submitting an application must attend one of the workshops being provided in partnership with Small Business Development Corporation (SBDC) at either the Brattleboro or Springfield location. SBDC will provide direct assistance in completing the application and helping businesses to include all required materials to have a more competitive application. If a previous applicant is submitting a new application, they do not need to attend the workshop, although they are certainly encouraged to.

Business Application Workshop Schedule:

Tuesday, Jan. 14th                   9 – 11:30 am – Marlboro College Graduate School, 28 Vernon St, Brattleboro

Thursday, Jan. 16th 5 – 7:30 pm – Howard Dean Education Center, 307 South St, Springfield

The workshops are free of charge, but registration is required. You can register at remaining workshops: Tue 1/14, 9-11:30 @ Marlboro College Graduate School; Thurs, 1/16, 5-7:30 pm at Howard Dean Center.  Register by clicking on the link vtsbdc.centerdynamics.com/Events.aspx?mode=0 or by calling either BDCC at 802-257-7732 or SRDC at 802-885-3061.

January 2, 2014

Public Notice – SRDC Application

Filed under: SRDC — admin @ 3:36 pm

Springfield Regional Development Corporation (SRDC) plans to submit an application for a Fiscal Year 2014 Environmental Protection Agency Brownfields Cleanup Grant.  If awarded, the grant would be utilized to address environmental concerns at the former Bryant Grinder building located at 257 Clinton Street, Springfield, VT 05156.  The public is invited to review and comment on SRDC’s application.  A copy of the grant proposal and the draft Analysis of Brownfield Cleanup Alternatives is available for review at SRDC’s office located at 14 Clinton Street, Springfield, VT 05156.  Additionally, a public meeting will be held to discuss the draft proposal and accept public comment.  The meeting will be held at 5:00 pm on Monday, January 13, 2014 at SRDC’s office in Springfield.  For more information please contact Bob Flint at (802)-885-3061 or bobf@springfielddevelopment.org.