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HomeMy WebLinkAboutOverviewATTACHMENT (S) 1 of 4 Overview of the Minority Business Enterprise Center The Minority Business Enterprise Center (MBEC'") Program has helped thousands of minority businesses in South Florida to start and grow since. 1982. Since 2002, and under the operation and guidance of M. Gill & Associates with support from various community organizations and various community support services, the Center has emerged to become the nation's leader in the provision of managerial and technical assistance services in the U.S. Department of Commerce's network of funded programs. In 2008, the City of Miami became the primary strategic partner for the MSEC'', providing a range of support services, including equipment, Internet and telephone support services, and office space that ensures the program is headquartered in the City, as required by the federal MBDA. The South Florida Regional Planning Council is the MBEC's strategic partner in Broward County, providing office space and services in the City of Hollywood. The MBEC' provides expert coaching, general counseling and hands-on technical support to some 300 minority firms in South Florida each year. The services include: Business plan development; financial analysis and loan packaging, marketing plan and services; feasibility studies; SWOT analysis and strategic planning; organizational development; minority certification; bid preparation; procurement and loan sourcing; construction management; entrepreneurship training services. The MBEC" is the only program of its kind that offers management consulting and technical assistance through a licensed Engineering/GC staff who provides hands on services to up -starts and emerging companies in the construction industry. We provide a wide range of construction services including daily sourcing of bid opportunities; estimating and bid preparation; building plan reviews and bid take -offs; minority sub -contractor listings to prime contractors; capability statements, and much more. The MBEC' Program has achieved many milestones on behalf of small and minority firms, including: • . A growing database of over 6,200 MBEs throughout South Florida; • Provided over 28,000 hours of management, coaching and technical consultation; • Facilitated over $100 million in financial approvals; Facilitated over $750 million in contract awards; • Completed 6,300 business plans, loan packages, marketing plans, feasibility studies, and SWOT Analyses. The MBECI with support from its national sponsor, MBDA, continues to find alternate ways of positioning small and minority firms to partner on large, ongoing contract opportunities locally and statewide. For example, through a Memorandum of Understanding with HMS Host Corporation (formerly Host Marriott), the MBEC'' is now the official technical assistance provider of technical services to help local minority firms gain the ACDBE (Airport Concessions Disadvantage Business Enterprise) Certification that qualifies them to participate as Retail Concessionaires in South Florida's airports such as Miami International and major Highways, such as Florida's Turnpike. The MBEC'" achieves its success as a program because of strong and experienced leadership of its management coupled with the individual contributions, propelled by the genuine interest, concern and tenacity of its consulting staff. The MBEC's management and staff present a beacon of hope for many who feel that no one wants to take the time to address some of the painstaking steps that are sometimes necessary to help a small and minority businesses achieve their goals. The MBEC program in South Florida is like no other in the Country. For example, we have built strategic partnering relationships with entities that religiously seek our help and support at their regional and national conferences. For example, The National Alliance of Ford Minority Dealers has consistently requested our participation as presenters at their regional and annual conferences to share information and help to point their minority dealers in the right direction to better market their products and gain procurement access through national minority certifications. The MBEC' is host to the number one Minority Enterprise Development Week (MEDWeek) program in the Southeast. MEDWeek is the federal government's annual minority business conference, held in all regions throughout the U.S., usually during the fall season. MEDWeek offers various business development and educational workshops and seminars, business matchmaker opportunities between MBEs and government/corporate buyers and financial sources; networking among MBEs and between MBEs and potential non -MBE business partners; an awards program that honors our local outstanding small and minority firms and the advocates who support them; and an atmosphere of support and advocacy for change and improvements in programs that are designed to develop and grow minority firms in our community and the region. The MBEC has built a strong relationship with various government and quasi -government entities in supporting the implementation of programs that are designed to develop and grow small and minority firms. For example: The City of Fort Lauderdale utilizes the MBEC for all of its business planning needs for businesses wanting to access the CRA or other City programs; the City of Lauderdale Lakes utilizes the MBEC for its Small Business Consulting Program, and the City of Miami and Miami -Dade County utilize the MBEC to assist in implementing anti -poverty initiatives and programs geared to develop and grow small/minority firms and create jobs. Our multi-lingual staff of six full-time Consultants are all trained and Certified by the Tuck Institute of Management at Dartmouth College. Our financial consultants have various licenses and have full knowledge of all SBA loan guarantee programs, community-based revolving loan programs, and special incentive programs such as Enterprise Zone programs offered by local cities and counties. The MBEC hosts a free technical assistance seminar every Wednesday, except holidays, from 10:00 a.m. to 12:00 noon at its Miami location at 970 S.W.15t Street, Suites 405-406, Miami, Florida 33130, Beginning March, 2009, the MBEC will begin hosting FREE business and financial planning seminar on second and third Fridays from 6-8 p.m. at this location. MBEC's On-going Seminar Schedule (except holidaysl • Every Wednesday -10:00 a.m. -12:00 noon - Small Business Seminar - Business Planning; Certification; Procurement Opportunities; SBA Loan programs; Start-up assistance; and more. • Second Fridays - 6-8 p.m. - Business and Financial Planning Seminar (In English) - Free of Cost • Third Fridays - 6-8 p.m. - Business and Financial Planning Seminar (In Spanish) - Free of Cost SUCCESS STORIES Recent Success #1; Of the 43 Minority Business Enterprise Centers in the United States, this South Florida Center is number one in program performance categories for 2005, 2006 and 2007. In 2005, the Center was the number one performer in achieving its goals for procuring the highest number of contractual awards at the highest total value for that year. In that same year, the MBECTM' was number one in Clients Served and Jobs Created. In 2006, the MBEC'"° repeated that performance. In addition, the MBECTM was the highest regional achiever in financial awards procured on behalf of minority firms, as well as the highest achiever in number of clients served and hours of work performed. The MBEC"" was recently honored by the U.S. Dept. of Commerce for being the national leader, outperforming all Centers in the country for: No. of Clients Served; Value of Contract and Financial Opportunities Procured for clients; No of Hours of Technical Assistance Provided; No. of Jobs Created as a result of clients' successes; Formation of Strategic Partnering Relationships; and Operation/ Management of a Federally Funded Program. The MBECTM' was honored for these achievements in September 2008, by the U.S. Dept. of Commerce, Minority Business Development Agency in Washington, DC. Recent Success #2; On January 1, 2009, the Minority Business Enterprise Center (MBECTM') was approved and designated as an official Technical Assistance Provider, by the U.S. Small Business Administration. This accomplishment means that the MBECTM is an approved Technical Assistance Provider (TAP) for the SBA's Community Express Loan Program. Only approved TA providers can provide technical assistance to loan applicants and complete and submit loan applications on behalf of small businesses for the SBA's Community Express Loan Program, for financing up to $250,000. This type of collaboration is highly regarded by the federal government, as it fits squarely into the requirements of the program to constantly expand the base of expertise and opportunities for minority firms in our community. The MBEC'" received this approved as a result of our staff consultants' successful completion of the SBA's extensive training programs that include financial analysis, understanding financial ratios, role of the SBA and lending partners, and requirements and criteria for participation by small businesses in the SBA's direct lending and loan guarantee programs. This provides additional opportunities for the MBEC to provide technical assistance to tap into programs such as the Community Express Loan Program, that are designed to help the small businesses that face the greatest challenges in finding upstart capital and funding for other special business needs. Contact Marie Gill Program Director Minority Business Enterprise Center President & CEO - M. Gill & Associates 305.576.7888 Cell: 305.546.6225 Email: marie@mgiltonline.com