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31 <br /> Challenge 5. Small Business - Retention and Recruitment. Provide <br /> incentives, financing and support available. We are a community of small <br /> businesses, which, because of their size, have acute problems getting loans, <br /> financial backing, etc. Non-traditional financing options are needed. We <br /> need to create an atmosphere of support for small and developing businesses, <br /> including innovative financing and risk-sharing. <br /> Time frame/ EDC <br /> Implementor Budget <br /> 5.A Outreach Support System <br /> for Small Business - county-wide. September 1989 FY <br /> EDC to hire a part-time professional 1989-90 <br /> plus part-time clerical support. Both may *(Professional: <br /> be on a temporary, contract basis C $21,930 <br /> in the first year. Move to ( Secretary: <br /> full-time in subsequent years. $9,251 <br /> For job description see page 20. Explore <br /> possibility <br /> *For cost breakdown see page 11. of grant <br /> funding. <br /> 5,B Identify and Promote Incentives. EDC/Chamber Small <br /> including creative financing Business Committee <br /> options for small business, and And EDC outreach <br /> and link lenders/borrowers. support person (see <br /> Draw from success of above) <br /> the Town of Carrboro program, and By December 1989 <br /> the SCORE program. (See page 18 for <br /> committee <br /> membership) <br /> 5.0 Prepare List of EDC Target Advisory <br /> Existing Businesses. Group to coordinate <br /> - location and request input <br /> - type of business from towns, county, <br /> - name of owner Chambers, Employment <br /> - name of manager Security Commission <br /> Downtown Commission, <br /> By June 1989 <br /> 5,1) Compile list of geographical EDC Target Advisory <br /> areas/nodes zoned for retail Group to request <br /> or retail services. Coordinate input from county <br /> with similar requests for and town planning <br /> industry/commercial zoning departments, <br /> MAR 8 <br />