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From Agriculture and Child Care to Ethnic Restaurants and Taxis: A Review of the Past 10 Years and a Sneak Peek Ahead

* Creating opportunitiesCreating opportunities* Transforming livesTransforming lives* Expanding marketsExpanding markets

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Microenterprise Development ProgramMicroenterprise Development Programof Mountain States Group, Inc.of Mountain States Group, Inc.

* Nonprofit provider of direct andNonprofit provider of direct andsupportive small business assistancesupportive small business assistance

* New Americans, minorities, womenNew Americans, minorities, womenand other underserved entrepreneursand other underserved entrepreneurs

* Southwest and South-Central IdahoSouthwest and South-Central IdahoAda, Canyon, Elmore, Gem, and Payette CountiesAda, Canyon, Elmore, Gem, and Payette Counties

Who is META?Who is META?

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What does META provide?What does META provide?

* Access to capitalAccess to capital$500-$15,000 microloans$500-$15,000 microloans

* Confidential, one-on-oneConfidential, one-on-onebusiness counselingbusiness counseling

* Business plan trainingBusiness plan trainingand workshopsand workshops

* Access to business resourcesAccess to business resources

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Need for microenterpriseNeed for microenterprisesupport servicessupport services

* Disadvantaged entrepreneurs are often Disadvantaged entrepreneurs are often overlooked by business support servicesoverlooked by business support services

* Microenterprises account for 88% of all Microenterprises account for 88% of all businesses and 20.4% of all employment in businesses and 20.4% of all employment in IdahoIdaho

* In Ada County alone, over 32,000 In Ada County alone, over 32,000 microenterprises employ 43,000 peoplemicroenterprises employ 43,000 people

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Need for microloansNeed for microloans

* Disadvantaged entrepreneurs haveDisadvantaged entrepreneurs havetrouble getting business loanstrouble getting business loans

* They may borrow from paydayThey may borrow from paydayand title loan companiesand title loan companieswith interest of 300%with interest of 300%

* META—filling the gap.META—filling the gap.

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Low-cost to clientsLow-cost to clients

* $60 annual client fee$60 annual client fee

* $247 business planning course$247 business planning course($60 discount if already a client)($60 discount if already a client)

* Low-cost closing fees upon loan approvalLow-cost closing fees upon loan approval

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Primary client basePrimary client base

* Language, social, cultural,Language, social, cultural,or economic barriersor economic barriers

* Start-up entrepreneurStart-up entrepreneurin business < two yearsin business < two years

Small business ownership unleashes theSmall business ownership unleashes theentrepreneurial potential of our clients andentrepreneurial potential of our clients andgives them hope and self-determinationgives them hope and self-determination

Economic IndependenceEconomic Independence

Helps the entrepreneurHelps the entrepreneur* Build net worthBuild net worth* Increase household income and self-esteemIncrease household income and self-esteem

Benefits the communityBenefits the community* Increased tax base and home ownershipIncreased tax base and home ownership* Increased economic development/job creationIncreased economic development/job creation

Successful small businesses are the primary engines Successful small businesses are the primary engines of economic development, income growth, and of economic development, income growth, and poverty reduction in America.poverty reduction in America.

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Accomplishments Accomplishments

Helped nearly 800 business clientsHelped nearly 800 business clientsin Idaho since Oct. 2002.in Idaho since Oct. 2002.Recently closed on its 203rd loan.Recently closed on its 203rd loan.

Statistics for ten years since 2002—Statistics for ten years since 2002—* 195 new start-ups195 new start-ups* 315 stabilized or expanded315 stabilized or expanded* 296 new jobs created 296 new jobs created * 203 loans valued at $922,266203 loans valued at $922,266

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Accomplishments Accomplishments

Past 12 mo. performance (FY Past 12 mo. performance (FY ’’12)—12)—* 68 new start-ups68 new start-ups* 65 stabilized or expanded65 stabilized or expanded* 118 new jobs created 118 new jobs created * 38 loans valued at $137,85638 loans valued at $137,856

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Exploring New MarketsExploring New Markets

June 2009 Pew Charitable Trust reportJune 2009 Pew Charitable Trust report* Idaho had fastest growth for green jobs in the U.S.Idaho had fastest growth for green jobs in the U.S. between 1998-2007 (126% vs 14% all sectors)between 1998-2007 (126% vs 14% all sectors)

May 2011 Idaho Dept. of Labor reportMay 2011 Idaho Dept. of Labor report* Idaho economy has one of highest concentrationsIdaho economy has one of highest concentrations of jobs in nation with environmental focusof jobs in nation with environmental focus* Idaho has one of highest potentials for growthIdaho has one of highest potentials for growth in green jobsin green jobs

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Developing New MarketsDeveloping New Markets

Growing Green Businesses Initiative FY ‘11Growing Green Businesses Initiative FY ‘11* 8 new business starts8 new business starts* 21 new jobs created21 new jobs created* 7 loans totaling $26,0007 loans totaling $26,000

GGBI FY ‘12 to dateGGBI FY ‘12 to date* 9 new business starts9 new business starts* 18 new jobs created18 new jobs created* 6 loans totaling $23,6506 loans totaling $23,650

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Exploring New MarketsExploring New Markets

New Immigrants New Opportunities (New Immigrants New Opportunities (NIÑO))* Help Idaho refugees become economically self-Help Idaho refugees become economically self-

sufficientsufficient through home-based child care businessesthrough home-based child care businesses* Develop culturally relevant child care options forDevelop culturally relevant child care options for working refugee familiesworking refugee families* Funded October 2011Funded October 2011

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Developing New MarketsDeveloping New Markets

NIÑO through funding to date through funding to date* 45 participants enrolled45 participants enrolled* 21 people fully licensed by City of Boise or State21 people fully licensed by City of Boise or State* 58 children in care58 children in care* 35 parents working35 parents working* 143 home visits completed143 home visits completed

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Exploring New MarketsExploring New Markets

Women’s Business CenterWomen’s Business Center* No other WBC in IdahoNo other WBC in Idaho* 110 Centers around country110 Centers around country* Funded in part by SBA grantFunded in part by SBA grant* Opened in January 2012Opened in January 2012

Why a Women’s Business Center in 2012Why a Women’s Business Center in 2012* Foster women’s business ownershipFoster women’s business ownership* Eliminate barriers to successEliminate barriers to success

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Developing New MarketsDeveloping New Markets

WBC FY ’12 to dateWBC FY ’12 to date* 17 new business starts17 new business starts* 32 new jobs created32 new jobs created* 126 clients counseled126 clients counseled* 68 people trained68 people trained* $18,500 in META loans$18,500 in META loans

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