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E-Hub Scholarship Fund A Scholarship for Entrepreneur Development Founded by Rock County LDA Group 3 (Class of 2010-11) and Community Foundation of Southern Wisconsin

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Page 1: Entrepreneurial Scholarship Fund - Class of 2010-11 LDA Collaborative Project Presentation

E-Hub Scholarship FundA Scholarship for Entrepreneur

DevelopmentFounded by

Rock County LDA Group 3 (Class of 2010-11)and

Community Foundation of Southern Wisconsin

http://www.ldarock.com/index.htm
Page 2: Entrepreneurial Scholarship Fund - Class of 2010-11 LDA Collaborative Project Presentation

Nonprofit entrepreneurial training program founded in Green Bay in 1998 as the Reggie White Urban Hope Foundation.

Encourages entrepreneurs to network among themselves and other local businesses to form an enterprise team.

Program acts as a compass, directing entrepreneurs to available resources.

What is E-Hub?

http://www.ldarock.com/index.htm
Page 3: Entrepreneurial Scholarship Fund - Class of 2010-11 LDA Collaborative Project Presentation

Program HistoryE-Hub classes have been held in Green Bay/Fox Valley area since 2003.In 2010, E-Hub partnered with Southwest Wisconsin Workforce Development Board to help displaced workers potentially own and operate a small business. E-Hub graduates launched 500+ businesses/3,000+ FT/PT jobs in Northeast WisconsinThe E-Hub Program has also grown regionally, with courses in Akron/Canton, Ohio.

http://www.ldarock.com/index.htm
Page 4: Entrepreneurial Scholarship Fund - Class of 2010-11 LDA Collaborative Project Presentation

“Stepping Up To New Opportunities”

28 hours of classroom instruction – half-day per week for 7 weeks.

Lead Mentor (facilitator) guides participants through course handbook, critiques weekly assignments.

Completion of a business plan not required, but encouraged.

Since January 2010, 50 participants have completed the program, many dislocated from previous employment.

http://www.ldarock.com/index.htm
Page 5: Entrepreneurial Scholarship Fund - Class of 2010-11 LDA Collaborative Project Presentation

360 Technical Computer Services. 4 Paws TLC Amy Mitchell LLC Badger BMX Badger State Maintenance Borderline Chroming Bushelle Photography/Janesville Hot Air Balloon Co Dominion Repair and Electrical Services Hansberry Septic Service Ice Arena Maintenance Kelley Process Services, Inc. L&R Woodcrafters

Businesses Launched by

E-Hub Graduates

http://www.ldarock.com/index.htm
Page 6: Entrepreneurial Scholarship Fund - Class of 2010-11 LDA Collaborative Project Presentation

Land of the Giants Massage in Motion Our Planet Workwear P&Y Painting Reliable Community Shopping, LLC Rock River ESP Rock, Paper, Penn Designs Rose’s Soulful Restaurant Shaggy Dog’s Marinade Stateline Renewable Fuels Suzanne Vinmans, Artist Technobytes Verheijen Designs LLC

Businesses Launched by

E-Hub Graduates (continued)

http://www.ldarock.com/index.htm
Page 7: Entrepreneurial Scholarship Fund - Class of 2010-11 LDA Collaborative Project Presentation

Entrepreneur Development Scholarship

Developed by Rock County Leadership Development Academy (LDA) Group 3 in conjunction with Community Foundation of Southern Wisconsin to increase entrepreneurship and small business ownership in Rock County.

The scholarship fund will assist Rock County aspiring entrepreneurs and small business owners to participate

in the E-Hub Program.

http://www.ldarock.com/index.htm
Page 8: Entrepreneurial Scholarship Fund - Class of 2010-11 LDA Collaborative Project Presentation

Why an Entrepreneur Development Scholarship

Rock County has seen great change while weathering economic challenges in past several years

Entrepreneurs continue to launch businesses and face challenges

The E-Hub program provides a “101” course to entrepreneurs to get businesses up and running

Entrepreneurial generation

http://www.ldarock.com/index.htm
Page 9: Entrepreneurial Scholarship Fund - Class of 2010-11 LDA Collaborative Project Presentation

Applicants who :Currently own a small business in Rock County or propose to run a small business in Rock County.Have a high school diploma or GED/HSED certificate.At least 18 years old.Are not eligible for or receiving other grants or scholarships related to the E-Hub program.Accepted into the E-Hub program.

Who is Eligible for the Scholarship?

http://www.ldarock.com/index.htm
Page 10: Entrepreneurial Scholarship Fund - Class of 2010-11 LDA Collaborative Project Presentation

$15,000 minimum to establish an endowment and begin assisting students immediately.

Increase new entrepreneur and small business owner participation in the E-Hub program.

Encourage scholarship recipients to pay it forward by volunteering with E-Hub in the future and/or financially contributing to the scholarship fund.

Community Foundation of Southern Wisconsin administers and manages the fund.

Entrepreneur Scholarship

Fundraising Goal

http://www.ldarock.com/index.htm
Page 11: Entrepreneurial Scholarship Fund - Class of 2010-11 LDA Collaborative Project Presentation

The interest earned on the principal of the endowment will generate revenue to support the fund.

Graduates of the E-Hub program will be encouraged to make a donation.

LDA Group 3 will help educate the community about E-Hub and the Scholarship.

How will the Entrepreneur

Scholarship Fund Sustain Itself?

http://www.ldarock.com/index.htm
Page 12: Entrepreneurial Scholarship Fund - Class of 2010-11 LDA Collaborative Project Presentation

How Can You Help? Spread the word about Rock County E-

Hub’s Entrepreneur Program Support small businesses in Rock

County Contribute to the E-Hub Entrepreneur

Scholarship Fund

http://www.ldarock.com/index.htm
Page 13: Entrepreneurial Scholarship Fund - Class of 2010-11 LDA Collaborative Project Presentation

For More Information:

To learn more about Rock County E-Hub, visit www.swwdb.org/ehub.htm

For background information, visit www.urbanhopegb.org

“Like” Rock County E-Hub on Facebook: www.facebook.com/rockcountyehub

Contact Eric Kuznacic, SWWDB Business & Employer Services Manager, at (608) 741-3502 or [email protected].

To donate to this Fund or learn more about Community Foundation of Southern Wisconsin, visit: www.cfsw.org

http://www.swwdb.org/ehub.htm
http://www.urbanhopegb.org/
http://www.urbanhopegb.org/

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