October 21, 2020
Friday, May 17, 2013
ORLANDO (May 17, 2013) – Headlines abound with announcements of job creation and business relocation in Florida, and the state’s small businesses have ample reasons to celebrate: They offer the best opportunity for job creation. But, how do smaller enterprises grow to the point of being dependable job creators? This is where MaSBEC comes in.
Enterprise Florida’s Minority & Small Business, Entrepreneurship and Capital (MaSBEC) division is partnering with outside organizations to provide small, minority and entrepreneurial companies with training and development options to help them meet goals while creating more jobs for Florida.
“Our aim is to team with organizations that already support these companies by building their awareness and access to capital, markets, training and other opportunities that can spell success for up-and-coming businesses,” said Louis Laubscher, Enterprise Florida’s senior vice president of Administration. “These organizations are vital to the state’s ability to strengthen its foundation for new job creation.”
MaSBEC’s partners are six leading Florida associations that are well established in supporting small business. A memorandum of understanding (MOU) between Enterprise Florida and the organizations (listed below) overviews their commitment to small, entrepreneurial and minority business support.
• The Florida Advisory Council on Small and Minority Business Development
• The Florida Association of Minority Business Enterprise Officials
• The Florida Consortium of Black Business
• The Hispanic Business Initiative Fund
• The Raise Florida Network – Florida Coalition of Microenterprise Business Development
• The Southern Florida Minority Supplier Development Council
The MOU serves as a foundation for dialogue and outlines responsibilities between the partners. Currently, they are determining how all partnership resources can be coordinated and delivered to minority and small businesses.
“This process will be vital to new job creation as well as strengthening the viability of women-owned, minority and entrepreneurial businesses throughout the state,” said Beatrice Louissaint, president & CEO of the Southern Florida Minority Supplier Development Council. “To produce real results, it must be a team effort that involves the corporate and government sectors plus our communities and educational systems.”
Aside from its progress with the six MOU partners, MaSBEC has collaborated with the University of Central Florida’s GrowFL Economic Gardening Program to identify specific minority businesses statewide for technical assistance. MaSBEC will grant $42,000 for 12 companies that will qualify for the program. GrowFL supports next level growth for businesses that are beyond a start-up stage having viable revenue generation, a stable employment base and a proven product or service. These second-stage companies will receive structured guidance through its Strategic Research Group of experienced, nationally certified Economic Gardening specialists to increase sales and create more jobs.
“GrowFL wants to thank Peter Harris and Bill Spivey for leading this effort and all of our great partners at Enterprise Florida for creating this opportunity. We look forward to continuing our relationship well into the future and being able to serve companies across the state,” said Dr. Tom O’Neal, GrowFL’s executive director and associate vice president of the university’s Office of Research and Commercialization.
These efforts are the first of many toward facilitating the growth Florida’s smaller companies. “Our efforts are a work in progress. Success with these partnerships is success for Florida’s minority and small businesses” Laubscher said.
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Enterprise Florida, Inc. (www.eflorida.com) is a partnership between Florida’s business and government leaders and is the principal economic development organization for the state of Florida. Headquartered in Orlando, Enterprise Florida’s mission is to facilitate job growth for Florida’s businesses and citizens leading to a vibrant statewide economy. In pursuit of its mission, Enterprise Florida works closely with a statewide network of economic development partners and is funded both by the State of Florida and by private-sector businesses.