| Tool | Issues Addressed | Considerations | Examples |
| Capital Availability for Business Formation There is often an inadequate availability of capital for new business formation, expansion, and operation, as traditional lending sources cannot be as flexible as business start-ups require. Local programs can fill the gap by providing loans or equity capital. Virtually all such programs involve partnerships of some sort with local, state or federal financial institutions. |
|
|
No data available at this time. Check back for updates. Implementation Examples Outside Georgia |
Capital Availability for Business Formation |
Guides For Implementing This Tool
Small Business Administration
The most widely used agency for small business capital use is the Small Business Administration. This website provides program descriptions and options to support the needs of the small business community.
http://www.dca.state.ga.us/OITDSShared/asp/NavDisclaimer.asp?Leaving=GQGP&GoToURL=http://www.sba.gov/financing/index.html
Rural Policy Research Institute
These documents provide an overview and a set of decision-making steps toward development of a capital-support program.
http://www.dca.state.ga.us/OITDSShared/asp/NavDisclaimer.asp?Leaving=GQGP&GoToURL=http://www.rupri.org/publications/archive/reports/P2001-11/P2001-11B.pdf
Model Ordinances
No records available.Aids For Visualizing This Tool
No records available.Georgia Implementation Examples
No data available at this time. Check back for updates.Implementation Examples Outside Georgia
Arkansas - Southern Bancorp is a $500 million bank holding company, based in Arkadelphia, Arkansas, whose for-profit and non-profit subsidiaries assist in many financial, economic and community development programs in Arkansas and Mississippi. Many of these subsidiaries work to provide financing and other resources to entrepreneurs and small businesses. One subsidiary in particular, Southern Financial Partners, is set up for that purpose, and is a certified Community Development Financial Institution.
South Dakota - The Northeast South Dakota Economic Corporation (NESDEC) provides small business loans, technical assistance, and other forms of aid to small businesses and start-ups. NESDEC serves a 22 county area in northeast South Dakota. Its programs include the CD Pledge Program, the Housing Loan Partnership Program, the Supplemental Income Program, the Direct Loan Participation Program, and the Intermediary Relending Program. NESDEC's broader objective is to improve the quality of life of under-privileged and low-income residents, with particular attention to economics, health and education.
Vermont - The Central Vermont Community Action Council (CVCAC) was founded in 1965, and is engaged in reducing poverty, advocating for low-income families, and supporting small businesses. Several of its organizations and programs are involved in small business entrepreneurship and development, notably the Micro Business Development Program, Community Capital of Vermont, the Vermont Women’s Business Center, and Tangible Assets.
Other Resources
Babson College Newsroom report -
Entrepreneurial activity has increased recently as large companies downsize and their former employees decide to try a start-up business. Throughout the 1990s, entrepreneurial activity increased steadily as more and more technology start-ups found venture capital to fund their ideas. All of this activity has also increased the interest in business incubators among communities looking for a new, innovative economic development strategy. However, the success at developing incubators is mixed.
http://www.dca.state.ga.us/OITDSShared/asp/NavDisclaimer.asp?Leaving=GQGP&GoToURL=http://www3.babson.edu/Newsroom/Releases/IntlGEM2003.cfm
Economic Research Service (ERS) - United States Department of Agriculture
This publication from the USDA looks at non-traditional sources of venture capital.
http://www.dca.state.ga.us/OITDSShared/asp/NavDisclaimer.asp?Leaving=GQGP&GoToURL=http://www.ers.usda.gov/publications/ruralamerica/ra161/ra161d.pdf
Federal Reserve Bank of Kansas City -
Provides information on the structure of financial mechanisms in rural areas.
http://www.dca.state.ga.us/OITDSShared/asp/NavDisclaimer.asp?Leaving=GQGP&GoToURL=http://www.kc.frb.org/Publicat/Exploring/RC01Mark.pdf
Rural Policy Research Institute
Provides a series of case studies relating to capital formation support.
http://www.dca.state.ga.us/OITDSShared/asp/NavDisclaimer.asp?Leaving=GQGP&GoToURL=http://www.rupri.org/publications/archive/reports/P2001-11/P2001-11D.PDF
Rural Policy Research Institute
Describes some of the lessons learned in non-traditional finance programs.
http://www.dca.state.ga.us/OITDSShared/asp/NavDisclaimer.asp?Leaving=GQGP&GoToURL=http://www.rupri.org/publications/archive/reports/P2001-11/P2001-11A.pdf
Small Business Administration
The most widely used agency for small business capital use is the Small Business Administration. This website provides program descriptions and options to support the needs of the small business community.
http://www.dca.state.ga.us/OITDSShared/asp/NavDisclaimer.asp?Leaving=GQGP&GoToURL=http://www.sba.gov/financing/index.html
Small Business Administration
Provides information on the SBA's New Markets Venture Capital program.
http://www.dca.state.ga.us/OITDSShared/asp/NavDisclaimer.asp?Leaving=GQGP&GoToURL=http://www.sba.gov/INV/NMVC/overview.html
