The program aims to help small businesses in Southeast Indiana
One Southern Indiana and the Indiana Small Business Development Center are teaming up with a new initiative designed to help develop small businesses in the southeastern part of the state. The Small Business Navigator program will provide a wide range of services, including a training component in the form of a “business boot camp” to educate entrepreneurs on topics such as developing a business plan. business and financial understanding. The program will be led by Mike Fulkerson, who will serve as a small business navigator and business advisor.
In an interview with Inside INdiana Business, Fulkerson said the program will support businesses at all stages.
âSome of the programs are going to focus on small businesses that might be pre-income, who might have a great idea but really need help bringing their idea or product to market,â Fulkerson said. “But in this program, we will also have more courses for established companies, but maybe they need an introduction or ideas on how to better run their business, not only in good times, but in good times. bad times like the COVID-19 pandemic.
ISBDC will provide a variety of business counseling and advisory services that it normally offers under the program. Regional Manager Jon Myers says it’s important to help businesses stay ahead of the game.
âNo community benefits from a business that fails. These are lost jobs. It is a loss of tax revenue. These are vacant buildings. So it’s vital to the community that businesses can start and grow and think about things they might not be good at thinking about, âMyers said.
Myers calls the program a “natural outgrowth” of the existing partnership between 1si and ISBDC.
In addition to leading the program, Fulkerson will also be responsible for the development and maintenance of The ONE Fund, a revolving loan fund, which is an extension of 1si’s previous lending experience, particularly with a loan program from $ 1.1 million emergency built during pandemic for Clark and Floyd counties.
âOne thing we realized during the pandemic was that businesses, small businesses in particular, were not prepared at all; I mean, we’ve never seen anything like COVID-19, âFulkerson said. âGoing forward, a long-term goal certainly is to ensure that businesses, especially small businesses, are better prepared to run their businesses during catastrophic times like COVID-19, but also when times are good. . “
Fulkerson says the goal of the Small Business Program is to create a comprehensive program that can provide training, educational seminars, and funding when needed.