Strategic Area of Focus B

Economic Development / Entrepreneurship

AREA GROUP PARTICIPANTS
  • RAFAEL ADAME (Group Leader)
  • HOWARD HILL
  • GERRY LICON
  • JOSE LOPEZ
  • GILBERTO MORENO
  • BETO PALLARES
  • DAVID SAUCEDO

KEY ISSUES / CONCERNS / CHALLENGES

  • Access to Capital
  • Brain Drain / Opportunities to Match
  • Skill Sets
  • Business Sense / Capacity
  • “Attractiveness” / Quality of Life in the Region
  • Lack of Ownership (Business)
  • Lack of High Tech (only 2% of Our Economy)
  • Creating Business-friendly Environment
  • Branding / Identity is Missing (Image within El Paso and outside El Paso)
  • “New” or Advanced Industry Cluster Foci Is Needed
  • Asset Matrix / Inventory of Assets
  • Relative Few Universities
  • Juarez, Mexico – Security Impact on El Paso

SPECIFIC STRATEGIC INITIATIVES OR PROJECTS TO
POTENTIALLY ENDORSE (SHORT & LONG TERM)

  • Access to Capital
  • Sources of capital
  • Funding Committee with Partners
  • Micro-loans
  • Organized Funding Models
  • Center for Hispanic Health Disparities
  • Support MCA Concept
  • Define Financial Literacy and Entrepreneurship Programs and Resources
  • Increase Awareness and Accelerate Community Mindset Regarding Financial Literacy and Entrepreneurship
  • “Accelerate” Sourcing of Strategic Partners (see Chart B.1) below.

CHART B.1 – ACCELERATING THE SOURCING OF STRATEGIC PARTNERS

POTENTIAL KEY PLAYERS TO INVITE TO CEA FORUMS

  • Stellar Local Leaders (Private Sector)
  • Benchmark with Outside Entities / Leaders
  • Chambers of Commerce
  • CRIEE, SBA, etc.
  • Nationally Prominent Leaders
  • Cooperating Bank / Lending Institution
  • Legislators
  • Small Business Administration (SBA)

POTENTIAL COMMUNITY PARTNERS

  • (same as above – i.e. key subject matter experts and their organizations may want to partner with CEA)

POSSIBLE LEGISLATIVE AGENDA ITEMS

  • City / County / State then Federal Contacts and Access
  • Start with City – Target Tourism Bureau
  • Address Taxes
  • Franchise Taxes
  • Property Taxes
  • Insurance Costs
  • More Coordination Between Feds and SBA
  • % of Local Bids Winners
  • Requirements on National Contractors for Local Subcontracting (Target Primes)
  • Pathway to Prime Status
  • Transparency in Procurement

PROPOSED NEXT STEPS FOR THIS AREA TEAM

  • Focus on Local Business Climate
  • Local Purchasing Preference
  • Increase it by percentages %
  • New Association and Infrastructure for Bio-Health Cluster For The Region
  • Create an Enhanced Mentor Program for Small Businesses