Investing in economic empowerment sets a direct path to the eradication of poverty and leads to inclusive economic growth. With the support of SunTrust Foundation, the Alliance Foundation created a new program aimed to assist small businesses in some of Broward County’s most economically challenged zip codes.
Empower Broward is providing companies who are nominated by our program partners within identified economically-challenged areas, access to business insights, industry specific best practices, and introductions to critical business services with a localized “Economic Gardening” approach. By assisting small businesses within these areas, we can see them achieve their full potential, helping Broward County grow and provide jobs to its residents. There is no charge for this service.
This small business assistance program provides small business owners with a “coach” who audits the business, identifies immediate areas of improvement, organizes a team of consultants to meet with the owner bi-weekly to strategize and put a plan of action together, determines which services would best help the business accomplish their goals and take their business to the next level. The small business coach then refers the business to Alliance member volunteers who help them with specific needs in areas such as accounting, legal, and marketing services and helps the business owner execute those action items.
Participating small businesses are introduced to their Success Coach who will guide them through the program and help them succeed. A Memorandum of Understanding, formalizing the agreement and officially enrolling the client into the program.
The Coach will learn what the needs of the client are, will analyze the client’s business, will identify the local competition for that business utilizing software tools, and will learn information about the client’s business that will help the coach decide what actions should be taken to help the client succeed.
A Success Plan is created to outline the goals and tasks that will help the participants succeed.
The Success Plan is structured in a way that specific goals and variables are identified so that they may be measured at the completion of the program to determine success.
After a Success Plan is created, the success coach will begin to work with the participant to help them reach their goals. This may also be achieved through referrals to industry experts that have volunteered to provide professional services to participants through Empower Broward.
Once a client begins to receive assistance, the Empower Broward Program Manager will begin to follow up with the client to assess their progress and record any challenges or successes.
During this period, if new challenges are discovered, the original success plan may be amended to guarantee success.
Once a participant accomplishes the goals set forth in the plan for success, they will have completed the Empower Broward program. The participating client will be given a certificate of completion and will be able to join the Empower Broward Alumni Group, a cohort of past program graduates, with the goal that they will be able to work together and share lessons learned from their different experiences with the program.
As the primary economic development organization for Greater Fort Lauderdale/Broward County, the Greater Fort Lauderdale Alliance focuses on creating, attracting, expanding and retaining high-wage jobs and capital investment in high value targeted industries, developing more vibrant communities, and improving the quality of life for our area's citizens.
The mission of the Foundation is to improve the lives of residents within Broward County through several initiatives to support a strategic plan for economic development. It strives to create an economic climate where residents of Greater Fort Lauderdale/Broward County have access to quality opportunities, with a focus on higher-paying jobs in target industries.
The community's strategic visioning initiative for economic development in Broward County. This collective impact initiative is focused on Affordable Housing; Building on Broward's Entrepreneurial Ecosystem; Growing Target Industry Clusters; Homelessness; Prosperity Broward; Resilience; Branding Broward County as a Talent Hub; and Transportation.
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A Six Pillars Broward Initiative