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Resolution 2021-91
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Resolution 2021-91
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Last modified
5/7/2024 3:12:27 PM
Creation date
12/28/2021 2:58:01 PM
Metadata
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Template:
City Council Records
Also Known As (aka)
Boulder SBDC Foundation Agreement for Services
Meeting Date
12/21/2021
Doc Type
Resolution
Signed Date
12/21/2021
Ord/Res - Year
2021
Ord/Res - Number
91
Original Hardcopy Storage
9C5
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EXHIBIT A <br />SCOPE OF SERVICES <br />In cooperation, the City of Lafayette and City of Louisville seek to establish satellite support programs <br />with the Boulder Small Business Development Center (SBDC). The Boulder SBDC will provide programs <br />and services that enhance and supplement the cities' current economic development efforts and goals <br />without duplicating existing efforts. The satellite support programs defined in this Scope of Services <br />include: 1) one-on-one consulting, 2) outreach & marketing, 3) workshops and training programs, and 4) <br />management and implementation. Services will be provided on an annual basis (January 1 — December <br />31), subject to consideration and renewal of the Professional Services Agreement by each community. <br />Satellite Support Programs Defined: <br />1) One -on -One Consulting: For each City, the SBDC will provide 300 hours of consulting per <br />satellite program operated. At an average of 25 hours/month, that would include Initial <br />(Discovery) Meetings to assess the business' needs and preferences and match -up relevant <br />expertise, as well as follow-on sessions to deliver targeted assistance that helps the businesses <br />to move forward. <br />Consulting topics may consist of, but are not limited to, start-up issues; development of a <br />business plan (or other planning format) for start-up, growth, and financing; development of <br />marketing strategies and action plans; development and understanding of financial projections <br />and access to capital; and development of business management skills and processes. For <br />businesses in the advanced industries, on a limited basis, assistance may include strategic <br />research & analysis, technology commercialization, support for innovation grants and contract <br />opportunities as well as access to other capital. For Latinx entrepreneurs and businesses, <br />bilingual assistance may include business planning, access to capital, and all of the other topics <br />previously listed. <br />The SBDC has built a network of professional service providers, entrepreneurs, and other <br />business assistance and government contacts that further assist our small businesses, especially <br />when the scope of the request is outside the SBDC mission or resource constraints. Our network <br />of commercial banks and other financing sources such as micro lending institutions (Colorado <br />Enterprise Fund, Colorado Lending Source and others) leads to warm introductions for financial <br />accessibility. SBDC specialists, in collaboration with lender representatives, meet with our small <br />business clients to explain the financing landscape, and if appropriate, provide an introduction for <br />further conversation. <br />The Boulder SBDC will not establish a permanent office in either Lafayette or Louisville to <br />provide these services. Consultants will use a combination of virtual and in -person sessions; the <br />Cities, at no -cost to the SBDC, will provide short-term, temporary meeting space at city facilities <br />on an as -needed basis so that the SBDC can have a community presence. <br />Annual cost per satellite program: $22,500 <br />2) Outreach & Marketing: Since the SBDC satellite offices will be new resources in the <br />communities, extra efforts will be made to build the SBDC presence. The Lead Consultant and <br />SBDC Representative will attend various meetings and activities to immerse himself and our <br />7 <br />
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