GBI Emerald Veterans announces the Minnesota Veterans Business Workshop and business accelerator event September 29th 2018 from 10am – 3pm. The workshop and eSports accelerator event will be hosted at 260 West Wentworth Ave East, West St Paul MN. Seating is limited.  http://gbi-emerald.vet

Tickets – https://www.eventbrite.com/e/gbi-emerald-veteran-business-workshop

The workshop segment will cover the subjects of government contracting on the federal, state, county and city levels. We will cover procedures and requirements to compete.  Other areas covered will be small business opportunities, strategies and finance building.

The “Pitch” segment offers several selected companies the opportunity to present their business to potential investors and participants.  This segment includes both adults and youth presentations.  Registration is free and can be done online at http://esipitch.com

With 1.3 million Veterans returning from active duty back into civilian society, it is essential to create a local framework that supports Veterans in earning careers and starting businesses.

The purpose of this event is to provide each of its participants with empowering information through a series of engagements with government, institutional, corporate, and successful military veteran businessmen and women. But just as important, the weekend events are organized to incubate you, your dreams & visions for a better America through the entrepreneurial spirit.

We believe that successful communities are built through the entrepreneurial spirit and that spirit is developed utilizing a solid blend of collaborative partners, comprising business, government, academia and philanthropy…Today, we incorporate you, our military Veterans, as a key factor in rebuilding the American Dream.

Global Business Incubation Inc. (GBI) is a 501 (c)(3) non-profit research development organization. A “think and do tank” that catalyzes the business development process of launching an idea, a business and a community through the growth of a cooperative business incubator cluster model that grows companies. We are an IC2 Global Research Fellow University of Texas, Austin and GBI’s innovative model business incubator was awarded the Official White House Millennium Council Award.

GBI founded by veterans in 1991 on the campus of Loyola Marymount University (LMU) at the College of Business Administration. Dr. George Kozmetsky world renown technology entrepreneur, Co-Founder of Teledyne and first Chairman of the Board Dell Computers, served as GBI’s Advisory Board Chairman. GBI is a Strategic Thinkubator (Think and do Tank) Organization and IC2 Global Fellow at the University of Texas, Austin. GBI continues to partner with LMU along with other universities globally to host conferences, workshops, symposiums on business incubation, wealth creation, technology start-up camps and the future of manufacturing and technology.

eSportsInstruction.com (ESI) is a non-traditional accelerator, that connects’ investors, with innovators, businesses, start-up companies and entrepreneurs via our ESI Business Accelerator “ The Pitch” events, and web series. The Pitch provides opportunities and exposure for innovators, entrepreneurs, startups, and new businesses in rural and urban America to represent their business venture to the same venture opportunities available in places like Silicon Valley.

ECI Networks is a leading award winning developer of e-business systems that enable companies and organizations to effectively collaborate and communicate with their trading partners, market their products and services, generate new business opportunities and efficiently transact business globally.

There are four general options of legal and governance structures for business incubators with variations on each.

• 1) a private, for-profit corporation,
• 2) an independent 501 (c)(3) not-for-profit corporation
• 3) a unit operating under an existing “host” 501 (c)(3) not-for-profit corporation.
• 4) a dept of a university

Private, For-Profit Corporation
For-profit incubators are usually established by venture capitalists or private corporations intending to spin-off internal technologies that lead to significant, short-term return on investment to corporate shareholders. Such returns are usually realized through an initial public offering or an acquisition of the start-up company.

A for-profit structure is well-suited to fast growth sectors that provide high-returns in a short period of time. This structure may be more attractive to sophisticated venture capitalists and angel investors which can increase an incubator’s ability to attract new ventures due to improved access to sources of equity capital. A for-profit structure is easily established (relative to a not-for-profit structure).

A for-profit structure may not be best suited for an incubator whose overall mission is to provide for broader economic benefit to a region. With such a mission, ventures that would grow stable small and medium size businesses – for example, those that could provide for 10 to 20 new jobs and annual sales of $5 million to $10 million – may not meet the investment criteria typically sought by investors involved in a for-profit incubator.

Independent, Not-For-Profit Corporation
Not-for-profit incubators are not driven by return on investment to shareholders and therefore can be well-suited to serve promising ventures that would provide for job creation and economic benefit to a region. A not-for-profit 501 (c)(3) structure also allows for access to charitable donations and public funds.

However, a non-profit incubator may experience greater difficulty in attracting investors and professional service providers to the program who want to see proof that a non-profit organization can be effectively run to promote the growth of new business ventures. Another challenge this structure poses is that the time required to establish a new 501 (c)(3) can be long. Incubator industry experts note that increased scrutiny by the Interna lRevenue Service has led to increasing effort and time – up to two years – required for incubators to prove public benefit and gain status as an independent charitable organization.

Host Not-For-Profit Corporation
A host not-for-profit structure entails that an incubator be established under the not-for-profit umbrella of an existing 501 (c)(3) corporation, such as a university foundation, community foundation, or economic development corporation. To be successful, incubators that operate under the umbrella of a host must meet the not-for-profit objectives of the host, but must be operated independently so that the incubator is not overshadowed by operations and culture of the host operation. Independent operations can be accomplished by establishing an incubator advisory board that acts in the capacity of a board of directors to provide strategic oversight to the incubator program while the host organization serves as the fiscal agent. The advisory board includes one or two representatives from the host corporation, and representatives from the investment and business communities who are experienced in new business start-ups.

A hosted not-for-profit structure allows the incubator access to charitable donations and public funds that are administered through the host 501 (c)(3). A hosted incubator allows for rapid roll out of the incubator project (compared to an independent not-for-profit structure). A strong host can also provide instant credibility to an incubator project.

A key concern with a host structure is the potential for conflict between the board and management of the host and that of the incubator. Such conflict can occur if the institutional culture of the host is not compatible to entrepreneurial enterprises. Careful attention to creating a governance structure that allows the incubator to operate autonomously with its own advisory council and management staff can help assuage this concern.

Structure as a Department of the University
Another structure that could be considered is to organize the incubator as a department of the UO. In this structure, incubator employees would be staff of the UO. This would entail that the UO see the incubator as an appropriate and logical extension of its current organization and mission.

A key benefit to this structure is that it could provide the human resources to expedite the implementation phase of the incubator should the project move forward. Another positive aspect of this structure is that, as a public institution, the UO is an eligible applicant for potential funding sources that appear most promising for incubator facility development.

Concerns related to this structure involve the potential that the institutional culture of the UO is not conducive to the entrepreneurial style management required for incubator operations. For instance, incubator staff could be pulled into other University initiatives that would distract from the necessary attention required for operation and optimal success of the incubator. If this structure was pursued, the UO would need to work hard to ensure it was leading the effort in a way that provides for maximum stakeholder involvement in order to build the coalition and networks necessary for success once the incubator would open for business.

Our military Veterans, are a key factor in rebuilding the American Dream. With 1.3 million Veterans returning from active duty back into civilian society, it is essential to create a local framework that supports Veterans in earning careers and starting businesses.

This Emerald Veterans Business Group was created to empower Veterans immediately while gathering a network of partnerships that strengthens our rapidly developing mission. GBI has crreated a manufacturing consortium and technical institute that provides resources, training and employment  to incubate clusters of passionate Veteran Entrepreneurs and Business Owners.

Through our events and training we have shared vision of working collectively and collaboratively with entrepreneurs and small business owners ……Working together, independently yet interdependently on the same team within a viable infrastructure.  Our summits and workshops provide each of its participants with empowering information through a series of engagements with government, institutional, corporate, and successful military veteran businessmen and women. But just as important the events are organized to incubate dreams & empower visions for a better America through the entrepreneurial spirit.

We believe that successful communities are built through the entrepreneurial spirit and that spirit is developed utilizing a solid blend of collaborative partners, comprising business, government, academia and philanthropy…Today, we incorporate you, our military Veterans, as a key factor in rebuilding the American Dream.

GBI has developed our VIP and VET programs for this very purpose.

In Cleveland, co-op model finds hope in employers rooted in the city – Full Story © 2017 The Milwaukee Journal Sentinel, All rights reserved.

But in Cleveland, the Evergreen Laundry, an 11,500-square-foot building less than a mile from the old entertainment district, offers a hand of hope.  The nondescript concrete building is one of three businesses that make up the city’s Evergreen Cooperative, launched in 2009, at the height of the Great Recession.

The co-op’s model helps residents of seven poor neighborhoods find jobs, build stability and buy houses. It benefits local institutions, such as hospitals and universities, which invest in the community and get goods and services they need.  It reduces the city’s impact on the environment through the use of green technology, solar panels, lower water consumption and local production.

Here’s how it works: Large institutions rooted in the area, such as the Cleveland Clinic, agree to infuse some of their combined $3 billion purchasing power into the co-op’s neighborhood companies rather than outsourcing it. The companies, in turn, train and hire people who need jobs — then help them build equity in their own future.

Everything that you should have has to be in line when you are purchasing real estate. Regardless of how talented or educated you might be in this arena, there’s always something that you might know that can help you. In this article, you will find several useful tips that can help you learn more about commercial real estate.

Don’t make any big real estate purchases until you’ve evaluated the unemployment rates, income levels, and expansion rates of the area. Properties located near major employers, like hospitals, schools or distribution centers, are often more in demand at every price range.

You should take digital photos of the condition. Your pictures should portray any damage or defect in the property. Common things you should look for include any cracks or holes in walls, and damages to the carpeting.

Before you sign a lease, find out about pest control. This is important in less desirable locations where rodents and/or bugs are an issue. Have your rental agent inform you of any associated policies for pest control.

When purchasing any type of commercial property, pay close attention to the location of the real estate. When investing in a property, consider what type of neighborhood it is located in. Look at similar neighborhoods to determine the likely growth trends over time for your property’s neighborhood. The ideal location is situated in an area that can sustain economic growth for many years to come.

Your investment may require a large amount of time to begin with. It takes time to find a lucrative opportunity and purchase a propriety, adding to that time to carry out any repairs and alterations that are needed. Do not cut corners on this process, just because it might take up a lot of time. Your patience will eventually be rewarded through profits.

One major part of commercial real estate deals is inspections. When property you are involved in is being inspected, take steps to verify the legitimacy of every inspector. There are many non-accredited people who work in such fields as insect removal. This will avoid bigger problems in the post-sale.

It would be a mistake to assume that you already know all there is to know about the commercial real estate field. You should always make an effort to further your real estate education. The following article has outlined some fresh ideas on the current commercial real estate market to help you make informed decisions. This information will help you bring in more income.

By – Anthony Morgan – GBI Finance Cluster

“If you Own Commercial Real Estate we can get you back a IRS refund of up to $400K, money owed to you; Also we do have a 0% Business Line of Credit up to $200K”

http://www.prestigebfs.com