Opportunity for entrepreneurs to meet investors in advance
HUNTINGTON – As part of National Entrepreneurship Week, the Robert C. Byrd Institute (RCBI) at Marshall University and the Appalachian Investors Alliance (AIA) are hosting a free webinar “Meet the Investors” Understanding Entrepreneurs and Small Businesses on February 16 at 2pm better how to attract investment in their ideas or business.
AIA is a non-profit educational foundation that is committed to the revitalization of the region’s economy by enabling community-based, self-reinforcing economic and personnel development through entrepreneurial willingness.
AIA representatives explain where to find potential investors and offer advice on developing a bulletproof plan that will grab investors’ attention. They also share information about what investors want from you and what control they have over your idea and the direction of your business. Finally, they explain why investors are not out to steal your idea and how you can protect yourself from intellectual property theft. Participants also have the opportunity to ask questions.
The initiative aims to create new business areas for companies
FRANKFORT, Ky. – Governor Andy Beshear and the Kentucky Chamber of Commerce announced a new partnership last week – the Discover Kentucky Initiative – to introduce chamber members to European companies interested in the US market, build the foundations for partnerships and build long-term relationships aimed at create new investments, jobs and economic strength.
While the pandemic has disrupted the operations of many businesses and blocked several traditional channels of economic development for the past 11 months, it also opened up new opportunities. The Discover Kentucky Initiative aims to take advantage of this.
Opportunities for chamber members include potential distribution agreements, corporate partnerships, and increased trading. The state economy will benefit as the initiative creates and sustains relationships that translate into investment, new facilities and jobs for Kentuckians over the long term.
“Through this partnership with the chamber, we take advantage of how the pandemic is changing business. Companies that may not have considered selling, developing or manufacturing their products in the US are seeing new value in global diversification, ”said Beshear. “We know that it works too. Economic development often depends on relationships and that is why about three-quarters of all the projects we announce in any given year are extensions of companies already in the Commonwealth. “
Chamber President and CEO Ashli Watts said the initiative will strengthen individual businesses and the state’s economy.
“As Kentucky, the nation and the world move forward to rebuilding, we are excited to start this partnership to advance economic opportunity in new and exciting ways. The Kentucky Chamber will work directly to connect overseas companies with Kentucky companies to build relationships and advance the Commonwealth, ”said Watts.
Discover Kentucky’s goals in facilitating the on-boarding between the Chamber and European companies with a keen interest in the US market, cultivating relationships to keep Kentucky in mind for future expansion projects, and creating continuity for the initiative and relationships that the it creates for years to come.
The process of the initiative begins with the European representation of Team Kentucky in Hamburg. This office regularly answers inquiries from European companies interested in entering into sales partnerships or other agreements to enter the US market. However, many of these companies are not yet ready to build a factory, set up an office, or set up a sales operation.
After review by the European office, the Chamber will introduce Kentucky Companies to those European companies based on mutual needs and interests. A quarterly check-in will further ease the connection and maintain the premier Kentucky location when every European company is ready to plan an expansion.
Kentucky continues to attract new investment and jobs from European companies. Last year, despite the pandemic, 16 projects were announced by European companies in the Commonwealth, representing a planned investment of nearly $ 130 million and 188 new full-time jobs over the coming years.
European companies today operate more than 220 facilities in Kentucky and employ more than 37,000 full-time employees.
SBA announces the launch of the Executive Training program
CLARKSBURG, W.Va. – The West Virginia District Office of the US Small Business Administration (SBA) announces the launch of its free small business leadership training program in the region in 2021.
“Small business owners have faced many challenges over the past year. The 2021 Emerging Leader program classes will be online and specifically designed to help business owners grow and recover from the pandemic,” said Karen Friel, district director of SBA West Virginia , in a press release.
The Emerging Leaders Program gives key decision makers the knowledge, tools, and network connections to take their business to the next level.
Friel said in the publication that space is limited. Small businesses interested in the program must meet the qualification criteria, which include annual sales of $ 250,000 to $ 10 million. in business for three years or more; have at least one employee in addition to the owner; The business owner, president, CEO, COO, CFO or key decision maker must commit to a morning meeting online every two weeks from April to October to receive approximately 100 hours of class time, homework, special workshops and meetings with colleagues and local business leaders.
Companies interested in SBA’s Emerging Leaders program can contact Melissa, Program Manager at firstname.lastname@example.org or 304-623-7448 to learn more.