August Economic Development News
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From Our Executive Director
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This month’s newsletter is an honoring of both the emerging and established.
Spotlight on Success celebrated local small business earlier this month, many of which are AEDC clients. This year, we looked back at the last 40 years to see how we got here. It wasn't without some setbacks, but to truly forge new paths -- which AEDC aspires to do -- sometimes things don't go as expected. I'm sure many businesses can relate with that experience. It's important to learn from those mistakes, but not retreat from ever trying new things again.
It's that willingness to take risks that allows us to really make a difference in our community. Over the years, AEDC forged the path for co-op housing, food manufacturing incubators, marketing programs for local manufacturers and local funding partnerships for community development projects.
This isn't the time to rest on our laurels. There's so much opportunity to do more.
What are you doing to make sure you’re continuing to grow your business or your organization? Are you satisfied with the employees you're finding? Check out Workforce Weekend. It's innovative, like many of our new programs. We hope it will have a positive impact on businesses in our community by matching businesses with quality employees.
Or, if you're in the stage to starting thinking about your exit plan (which should be the day before you start your business), ask what can you do to make that transition more like a ride into the sunset, and not walking away from a giant explosion. (There's a workshop for that. You can read about it below.)
Whether we're looking to grow, or move on, there are opportunities to learn more. Because sitting on our laurels is never enough.
~Ross
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Lemonade Day Bike Give-Away!
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J
axon Davis, 9, is the recipient of a brand new bicycle from Lemonade Day! This year, Lemonade Day national was able to donate a bike to be raffled in each community that hosted the event. In Humboldt, Jaxon was selected at random from the participants who returned their business result forms. Congratulations Jaxon! Happy Riding!
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Join the Business and Education Committee
for a Workforce Forum Lunch
Workforce is an on-going issue for many business owners in Humboldt County.
If you have ever asked,"What are we doing to prepare people for work?", this is the place to find out. We'll discuss:
- Teaching trades skills at the high school and college level
- Filling employment needs in health care
- Giving college students hands-on work experience
- Increasing employment opportunities for people with disabilities
- Promoting and supporting entrepreneurship
- Connecting businesses with workforce programs
- Providing additional workforce needs in our community
Spend lunch with the Eureka Chamber of Commerce Business and Education Committee's Workshop Forum on September 12, 2018, from 11:30 a.m. to 1:30 p.m. at the Eureka High School library, and hear from nearly 20 workforce programs who will provide information about how they are addressing these issues.
A
free
box lunch is being provided courtesy of Redwood Capital Bank. Seating is limited, so register now.
Parking is available in the staff parking lot located on Del Norte Street across from the school.
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Tour Eureka High Career Tech Classrooms
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Plan to come early or stay late and you can get a tour of Eureka High School's Career Tech Classrooms. Tours will begin at 11 a.m. or following the lunch.
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Spotlight on Success
40 Years of Advancing Wishes and Funding Dreams!
On August 14, Arcata Economic Development Corporation, their clients and guests celebrated an extra special Spotlight on Success event.
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The Inn at 2nd and C, an AEDC client, was a lovely new venue for this special celebration!
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Slice of Humboldt Pie is one of the businesses celebrated as part of our event.
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Donna Wright of the Eureka Chamber of Commerce chats with a business owner at the event.
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Chris Wright from Cassaro's Catering, a former participant in AEDC's Individual Development Account program, talks with AEDC Board Member Fawn Scheer. .
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Participating
Businesses
Arcata Theatre Lounge * Beck's Bakery * The Boardroom * Brandi Easter Photography * Cassaro's Catering * Celebration Tamales & Redwood Organics * Christina Anastasia * Coast Central Credit Union *Dance with Debbie * Drakes Glen Creations * Eureka Women’s Club * Fire & Light Originals * Frankie’s New York Bagels * Humboldt Distillery * Humboldt Made * Mad River Farms * Natural Decadence * North Coast SBDC * Panaderia Ortiz Bakery * Planet Teas * Redwood Capital Bank * Rover's Choice * Royal Cookie Capers * Sequoia Park Zoo Foundation * Slice of Humboldt Pie * Umpqua Bank *
Sponsors
American Ag Credit * Forget Me Not * Humboldt Area Foundation * Mad River Union * Coast Central Credit Union * Crestmark Architectural Millworks * ReProp Financial * Eureka Payments* Nilsen Feed * Redwood Capital Bank * Umpqua Bank
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ADU Fair
3750 Harris St, Eureka, California 95503
Hosted by Planwest Partners, Inc.
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Workforce Weekend
*Attention Business Owners, Managers and HR Reps*
Are you having a hard time finding the right employees?
Are you open to trying something new?
Register for AEDC’s Innovative new program, Workforce Weekend.
WORKFORCE WEEKEND IS A NEW WAY TO LOOK AT JOB RECRUITMENT IN HUMBOLDT COUNTY
“It is common sense to take a method and try it; if it fails, admit it frankly and try another. But above all, try something.” – Franklin D. Roosevelt
It’s no secret that the job market is changing. Over the years, industries and jobs have changed, but so have the needs and expectations of employees. What hasn’t changed is the way we recruit and hire employees.
Are you ready to get a different result from your employee searches? If what we’re doing isn’t working, why not try something new? There’s very little to risk, and the reward of a healthy workforce is a benefit to the whole community.
Workforce Weekend will take place the first weekend of March, but we are soliciting businesses to participate now.
Learn more.
Visit: http://www.aedc1.org/workforce-weekend
Or contact Susan Seaman at
susans@aedc1.org
to get your Business Profile started.
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IT IS NOT TOO LATE TO REGISTER !
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FOUNDERS GROVE 2018: HUMBOLDT BUSINESS SUCCESSION CONFERENCE
When:
Tuesday, August 28, 2018
9:00 am to 5:00 pm
Space is limited, so please register early
Sponsored by:
The Headwaters Fund
Questions?
Please note:
This conference is intended for business owners. The SBDC will send a mandatory pre-conference survey to ensure the topics addressed meet the needs of the participating business owners.
Confidentiality and privacy commitments will be emphasized.
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This Conference is for business owners and business partners
- That have been In business at least two years
- Have gross annual revenue of at least $75,000
- Are based in Humboldt County
If this sounds like you, please plan to attend an exclusive one-day conference for business owners planning or needing an exit strategy, be it soon or years from now...
Featuring
- Real succession stories from experienced owners like Mary Keehn of Cypress Grove Cheese, Dale Maples of Maples Plumbing, Laurie Mark of The Millyard, Julie Fulkerson of Plaza Design
- Access to experts on the financial, legal, strategic, and management aspects of a smart exit, like Scott Hunt of Hunter, Hunter & Hunt, LLP and Jason Eads, Esq.
Benefits
Start the day with a blank "Exit Plan" template and fill it in with notes and ideas. Take home your reality check and next steps.
Then work out the rest with the help of your no-cost, confidential business advisor during the Business Succession Program.
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SBA 504 Current Rate:
5.3%
- Low down payment for borrowers
- Competitive fixed interest rate
- Long Term loan
- From $50,000 to $5 million for commercial real estate, construction and equipment acquisition.
Many commercial loans available on the market require a sizeable percentage down before the loan will be granted, and this can be an obstacle for many business owners looking to improve their facilities. The SBA 504 Loan offers a solution for that -- you can borrow up to 90% of your financing needs at a fixed rate, so only a minimum of 10% down is required.
The remainder is split between the SBA loan (40%) and a bank loan (50%), and the Arcata Economic Development Corporation will work with your bank to submit your loan application. Loan amounts range from $50,000 to $5 million, and some restrictions apply.
For more information, call Kelli Sterling, Loan Manager: 707-798-6132 ext. 212 or email kellis@aedc1.org.
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Arcata Economic Development Corporation
Fax: (707) 798-6130
Tel: (707) 798-6132
707 K Street, Eureka, CA 95501
Newsletter produced by
Lynette Mullen, Projects Delivered
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