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Creating Partnerships with WIBs: Expanding ME Training & TA to the Unemployed

This resource discusses the benefits of integrating entrepreneurship into workforce development programs, providing self-employment training and technical assistance to the unemployed. It also covers the essential elements for successful partnerships with Workforce Investment Boards (WIBs) and highlights additional resources for implementation.

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Creating Partnerships with WIBs: Expanding ME Training & TA to the Unemployed

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  1. Creating Partnerships with WIBs: Expanding ME Training & TA to the UnemployedMay 2, 2011AEO Conference 1 CAMEO - California Association of MicroEnterprise Opportunity

  2. Entrepreneurship Works! J Hawkins 2011 2

  3. DOL Call to Action: Why Workforce Must Integrate Entrepreneurship (TEGL-12.10) • Avenues to self sufficiency & income for the unemployed 2. Greater workplace flexibility & income opportunities for individuals w/ disabilities 3. Economic recovery & growth via local work (even at home, particularly in rural areas) 4. Youth benefits/ workforce development from gained skills & work experience (particularly where youth jobs are scarce) J Hawkins 2011 3

  4. Defining Terms with WIBs: • Self Employment Training • Entrepreneurship • Small business/ microbusiness • Business/technical assistance • Small Business Partnership J Hawkins 2011 4

  5. Job Creation: Why is Self Employment (SE) a Vital Strategy? • 64% net new jobs created by very small (micro) businesses – most without employees • “Homegrown” economies--locally owned businesses hire locally • Entrepreneurs create new markets • Labor market trend –- 28% growth in 5 years J Hawkins 2011 5

  6. Job Creation Projections (ex.California) 120,000 (5% of CA unemployed) 60,000 Receive SE Training/TA (50%) Start-ups = 48,000 (80% success) Average (2) jobs created over 3-5 years Potential new jobs created: 96,000 J Hawkins 2011 6

  7. Integrating Entrepreneurship J Hawkins 2011 7

  8. SE Training- How Does It Work? • Business plan & sustainable practices: management, marketing, financial & planning skills • Assessment, training, business counseling & technical assistance: loan packaging/ access to financing • Contractor/consultant preparation • Entrepreneurial mindset & network • Incubation opportunities • Employee value-added J Hawkins 2011 8

  9. Vital Elements for WIA-Funded Entrepreneurial Partnerships: • Self Employment (SE) Training provider qualified for WIB Eligible Provider List (EPL) • MEO assessment/orientation- for entrepreneur’s interest & aptitude • Ongoing support & technical assistance (Community partnerships) • WIB/One-Stop staff training & knowledge J Hawkins 2011 9

  10. Small Business Community Partners- MEO’s Help WIBs Network Resources for Entrepreneurs • MicroEnterprise Organization- “CAMEO member” • State ME Association- network of Self Employment Training/ TA providers & small business lenders • SBDC networks • WBC- Women’s Business Centers • CDC- Community Development Corps • SCORE • VBOP- Veterans Business Outreach Program • Community Colleges • Independent business counselors/coaches J Hawkins 2011 10

  11. Partnership Elements: Ensuring Success with WIBs • Timeframe for entrepreneurial services to produce WIB “positive outcomes” -12-24 months needed for training & TA -Proof of business start-up/living wage J Hawkins 2011 11

  12. Partnership Elements: Ensuring Success with WIBs WIB Performance Measures: (Adult) • Entered Employment Rate • Retention Rate • Earnings Rate • Credential Rate • New Performance Measures needed • SE individuals do not report average earnings/ EDD benefits • MEOs help WIBs adopt relevant measures J Hawkins 2011 12

  13. Recommended WIA Performance Measures Supplemental Data Sources: • ITIN Number w/ IRS Corp ID • DBA registration/local business license • Business plan • Proof of established business checking acct. • IRS Schedule C tax return • Current purchase orders • Business office/store lease • Proof of small business loan receipt Administrative Records: • Business location, # customers, finance strategy Average Earnings (substitute measure): • Business P&L showing equivalent of 30 hours/week at min. wage for your state J Hawkins 2011 13

  14. Additional Resources 14 • (DOL) TEGL-12.10: http://wdr.doleta.gov/directives/attach/TEGL/TEGL12-10.pdf • ETA 2009-22: “Think Entrepreneurs: A Call to Action- Integrating Entrepreneurship into the Public Workforce System throughout America” http://wdr.doleta.gov/research/keyword.cfm • Intuit Institute for the Future: http://about.intuit.com/futureofsmallbusiness/

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