| Community Budget Issue Requests - Tracking Id #2149 | |||||||||
| Statewide Small Business Development Center | |||||||||
| Requester: | Jerry Cartwright | Organization: | Florida Small Business Development Center Network | ||||||
| Project Title: | Statewide Small Business Development Center | Date Submitted | 1/15/2004 5:47:10 PM | ||||||
| Sponsors: | Peaden | ||||||||
| Statewide Interest: | |||||||||
| The funding will continue and enhance a statewide environment of business innovation and entrepreneurship | |||||||||
| Recipient: | University of West Florida | Contact: | Jerry Cartwright | ||||||
| 11000 University Parkway | Contact Phone: | (850) 473-7801 | |||||||
| Pensacola 32514 | Contact email: | jcartwri@uwf.edu | |||||||
| Counties: | {Statewide} | ||||||||
| Gov't Entity: | Yes | Private Organization (Profit/Not for Profit): | |||||||
| Project Description: | |||||||||
| Florida's SBDC program provides a significant role in providing critical services and economic development to the statewide entrepreneurial and small business community, furthering the priorities of the state and Enterprise Florida. This request will enhance existing infrastructure to provide services in rural and underserved markets throughout the State. Funding will leverage local public and private resources to establish SBDCs in Florida communities where services have been void or sporadic due to limited resources. In addition, enhanced outreach activities and specialized services like international trade, government contracting/procurement and energy conservation/alternative fuel usage assistance will be established in those communities where demand for technical assistance exceeds existing service capacity. Florida is one of very few states that does not provide direct legislative funding to its SBDC program to enhance programming, outreach and leverage for federal and local matching funds. This funding request is precipitated by requirements under 13 CFR 130 and Public Law 96-302 (as amended) that requires direct matching funds and no less than 50 percent cash to federal funds, currently at $2.25 million cash match requirement. | |||||||||
| Is this a water project as described in Chapter 2002-291, Laws of Florida? | No | ||||||||
| Measurable Outcome Anticipated: | |||||||||
| 1. Number of pre-venture and existing businesses assisted. 2.Number of entrepreneurs assisted. 3.Number of businesses started. 4.Employee growth. 5.Capital formation. 6.Sales increases. 7.Taxes generated Return on Investment: Year 1: * $3.84 in additional tax revenue for every $1 of state investment. * $9.68 for every $1 of state investment comparing cost of long-term counseling. * $5.19 in debt & equity capital for every $1 of state investment. * $234.7 million in sales increases. | |||||||||
| Amount requested from the State for this project this year: | $2,500,000 | ||||||||
| Total cost of the project: | $11,000,000 | ||||||||
| Request has been made to fund: | Operations | ||||||||
| What type of match exists for this project? | Local, Private, Federal | ||||||||
| Cash Amount | $9,500,000 | In-kind Amount | $1,000,000 | ||||||
| Was this project previously funded by the state? | Yes | Fiscal Year: | 1984-1985 | Amount: | $175,000 | ||||
| Is future-year funding likely to be requested? | Yes | Amount: | $2,500,000 | To Fund: | Operations | ||||
| Was this project included in an Agency's Budget Request? | Unknown | ||||||||
| Was this project included in the Governor's Recommended Budget? | Unknown | ||||||||
| Is there a documented need for this project? | Yes | ||||||||
| Documentation: | 96-302 Public law and the code of Federal Repealations | ||||||||
| Was this project request heard before a publicly noticed meeting of a body of elected officials (municipal, county, or state)? | Unknown | ||||||||