THE PAUL L. DUNBAR GROUPEMPOWERING A SELF-SUSTAINING EAST SPENCER COMMUNITY

VISION

The Paul L Dunbar Group will create sustainable community and economic

development in the Town of East Spencer and Rowan County North Carolina.

PLDG will accomplish this through small business growth, entrepreneurial

initiatives, vocational training and educational endeavors, targeted mix-used

land development and the establishment of an affordable housing market.

These initiatives will be at the heart of every effort to revitalize the community

MISSION

PLDG will be the leading advocate for underserved minority communities, using

both a tried and true public-private partnership while creating a new vehicle

for communication and coordination with the PLDG Non-Profit Hub Model.

The Paul L Dunbar Group – PLDG

- 501c3 – Non-Profit organization

- Named after American Writer &

the communities closed high school

- Creating sustainability & development

- Skills training

- Economic development

- Job placement

- Community collaboration

- Affordable housing

- Infrastructure development

1872 – 1906

Born to Former Slaves

First African American to gain

recognition for and support

himself by writing

The Town of East Spencer was incorporated in the early 1900’s and many of the residents were

instrumental in the development of the Southern Railroad in this part of the state. In its earlier days, East

Spencer was known as “The Southern City” because of its vibrant community, which boasted well-paying

jobs, businesses, and a thriving community. With a population of 1,534, East Spencer is located on 1.6 square

miles at the extreme northeast end of Rowan County. The city is in the very heart of what is known as the

“Piedmont Industrial Triangle”. The “Piedmont Industrial Triangle”, offers citizens and corporate partners vast

opportunities to access market potential. As of the census of 2000:

* there were 697 households, and 450 families residing in the town.

* The population density was 1,115.3 people per square mile (431.6/km²).

* There were 796 housing units at an average density of 505.8 per square mile (195.8/km²).

* The racial makeup of the town was:

- 85.81% African American

- 11.79% White

- 1.20% Hispanic or Latino

- 0.17% Native American

- 0.06% Asian

- 0.06% Pacific Islander

- 0.91% from other races

The median income for a household in the town was $18,947, and the median income for a family was

$22,222. Males had a median income of $23,203 versus $21,801 for females. The per capita income for the

town was $10,180. About 32.2% of families and 35.8% of the population were below

the poverty line, including 47.4% of those under age 18 and 27.5% of those age 65 or over. (Source: East Spencer Wiki)

PLDG

Community

Private Sector

Public Sector

Non-Profit Community

NON-PROFIT HUB MODEL

Community Collaboration / Needs

Sustainable Revenue through

Economic Development

Public/Private Partnership for

Infrastructure Development

Non-Profit Activation / Skills Training

PHASE 1

• Job Skills

• Economic Development

• Real Estate

• Community Center

PHASE 2

• Affordable Housing

• Private Infrastructure

• Retail

• Basic Services

PHASE 3

• Public Infrastructure

• Commercial

• Multi-Unit Housing

• Credit Union

PHASE 4

• Industrial

• Moderate Income Housing

• Recreation

PLDG PLANNED PHASES

DUNBAR VILLAGE &

THE PAUL L. DUNBAR COMMUNITY CENTERThe foundation of the PLDG mission is the Paul L Dunbar Community Center.

LIVE ~ WORK ~ PLAY

THE PAUL L. DUNBAR COMMUNITY CENTER

To establish the foundation for the Dunbar

Village, PLDG and Good People, LLC will partner

to develop the old Dunbar High School property.

The community center will play a vital role in the

revitalization of East Spencer. The Community

Center will house the following:

• Food Pantry / Soup Kitchen

• Recreation Center

• Women’s Crisis Center

• Emergency Crisis Center

• Emergency Shelter

PROGAMS START-UP BUDGET

$900,000

AFFORDABLE HOUSING

REAL ESTATE ACQUISITION PLAN

Dunbar School, $2,500,000

Organic Food Center, $2,000,000

Dunbar Conference Center, $2,500,000

Live/Work Center, $1,500,000

Women's Shelter, $400,000

Auto Center, $1,000,000

Business Center, $1,200,000

Sports Plex, $2,500,000

Land Acquistion , $1,000,000

Dunbar School Organic Food Center Dunbar Conference Center

Live/Work Center Women's Shelter Auto Center

Business Center Sports Plex Land Acquistion

REAL ESTATE START-UP INVESTMENT

$14,600,000

REAL SKILLS – REAL JOBS

REAL OPPORTUNITY

PLDG SKILLS DEVELOPMENT PROGRAMS

1) Home Builders Institute –

Pre-apprenticeship certification

training

2) Auto Technician Academy – Entry

level auto mechanic training

3) Digital Media – Entry level skills in

Graphics, Animation, Audio, Video,

and Web Design

4) Entrepreneurial Business Program –

Real world business skill

development

START-UP BUDGET

$625,000

ECONOMIC DEVELOPMENT

ECONOMIC DEVELOPMENT PARTNERS

ORGANIC FOOD PRODUCTION CENTER

• Dream Bean Products

• Sun Water

• Archie Farms

• Smith Farms

• Scott Organics

• The Community Kitchen

360 Painting

CTi

Maintenance Made Simple

ProLift Doors

emBroiderMe

Sign-A-Rama

Jon Smith Subs

Hygentitech

ES Lawn Scapes

DBS Contractors

DUNBAR BUSINESS CENTER

• Property Management Inc

• DBS Staffing

• Dunbar Studios

• PLD Lead Generation

• Southern Call Services

• PLDG Business Development

• RRD Enterprises

Fidelity Management Strategies

• America’s Tax Office

DUNBAR AUTOMOTIVE CENTER

• Run Right Auto Repair

• Superior Tire & Wheel

• CarQuest Auto Parts

ECONOMIC DEVELOPMENT START-UP INVESTMENT$1,000,000

$500,000

$1,000,000

$600,000

$500,000

$500,000

$1,000,000

$500,000 $375,000 $300,000

$500,000

$200,000

$150,000

$1,200,000

$75,000

$850,000

$115,000 $115,000

$175,000 $175,000

$50,000 $100,000 $250,000

$400,000

$400,000 $600,000

$11,630,000

INFRASTRUCTURE DEVELOPMENT

REVENUE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Real Estate $ 261,637 $ 1,560,342 $ 1,560,342 $ 1,560,342 $ 1,560,342

Economic Development $ 502,718 $ 1,916,748 $ 2,045,623 $ 2,132,503 $ 2,401,748

Infrastructure $ - $ 142,740 $ 142,740 $ 142,740 $ 142,740

Grants $ 450,000 $ 1,125,000 $ 1,000,000 $ 1,250,000 $ 1,125,000

Corporate

Contributions$ 250,000 $ 400,000 $ 500,000 $ 350,000 $ 400,000

GROSS REVENUE $ 1,464,355 $ 5,144,830 $ 5,248,705 $ 5,435,585 $ 5,629,830

Cost of Goods

TOTAL REVENUE $ 1,464,355 $ 5,144,830 $ 5,248,705 $ 5,435,585 $ 5,629,830

EXPENSES

General &

Administrative$ - $ 124,159 $ 272,507 $ 135,975 $ 164,790

0.00% 2.41% 5.19% 2.50% 2.93%

Sales & Marketing $ 10,983 $ 38,586 $ 39,365 $ 40,767 $ 42,224

0.75% 0.75% 0.75% 0.75% 0.75%

Operations $ 146,436 $ 2,164,483 $ 2,099,871 $ 2,118,559 $ 2,137,983

TOTAL EXPENSE $ 157,418 $ 2,237228 $ 2,411,743 $ 2,295,300 $ 2,344,997

Loan Payment $ - $ - $ 1,405,649 $ 1,405,649 $ 1,405,649

NET OPERATING

FUNDS$ 1,306,937 $ 2,817,602 $ 1,431,313 $ 1,734,636 $ 1,879,184

Additional Principle Payments $ 1,500,000 $ 1,500,000 $ 1,500,000

FIVE-YEAR PRO FORMA

START-UP BALANCE SHEETASSETS LIABILITIES & NET WORTH

Current Current

Cash $ 300,000.00 Accounts Payable $ 300,000.00

Accounts Receivable $ - Notes Payable $ -

Pre-Paid Expenses $ 3,015,000.00 Accurred Payroll $ -

TOTAL Current $ 3,315,000.00 Current Portion of Long-term Debt $ -

TOTAL Current $ 300,000.00

Non-Current

Equipment $ 1,200,000.00 Long-Term

Investment $ 11,630,000.00 USDA Debt Principle $ 30,445,000.00

(Less Depreciation) $ - Equipment Loan Principle $ -

Property $ 14,600,000.00 TOTAL Long-Term $ 30,445,000.00

TOTAL Non-Current $ 27,430,000.00

TOTAL LIABILITIES $ 30,745,000.00

TOTAL ASSETS $ 30,745,000.00

NET WORTH

Equity $ -

Retained Earning $ -

TOTAL NET WORTH $ -

TOTAL LIABILITIES & NET $ 30,745,000.00

THE PAUL L. DUNBAR GROUPEMPOWERING A SELF-SUSTAINING EAST SPENCER COMMUNITY

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