Creative Finance Task Force

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Creative Finance Task Force

• Pine Bluff Entrepreneurship Collaborative
• September 19, 2006

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Meetings and Accomplishments

• July 12, 2006
• Identified gaps in financing
• Identified the role and goals of the Task Force
• August 10, 2006
• Review of Youngtown Initiative
• Analyzed a small business example
• Began to develop Financing Model
• August 31, 2006
• Finalized model
• Identified Board structure and candidates
• Approved RFP to identify non-profit partner
• Next Meeting September 28, 2006

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Investment Board

• Investment Board made up of 9 voting members
• 3 - Investors
• 1 City Government
• 2 Entrepreneurs
• 3 Community Leaders
• 2 or 3 Ex-Officio Members including ERDC,
  alt.Consulting and non-profit partner

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Request for Proposals Issued

• RFP issued on September 7, 2006
• Due on September 27, 2006
• 501c3 contract partner to manage a depository
  account
• Ex-Officio Member of Investment Board
• Attend all meetings and provide regular financial
  reports

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Next Steps

• Signing Contract with Non-Profit
• Finalizing Investment Board
• Begin raising donations