Small Business Development Center Receives $23,000 Grant from the Verizon Foundation

Small Business Development Center Receives $23,000 Grant from the Verizon Foundation
Check Presentation to Take Place on March 30 at Hampton Roads Chamber of Commerce

Small Business Development Center Receives $23,000 Grant from the Verizon Foundation

 Check Presentation to Take Place on March 30 at Hampton Roads Chamber of Commerce

NORFOLK, VA — The Small Business Development Center of Hampton Roads, Inc. (SBDC), an affiliate of the Hampton Roads Chamber of Commerce, is pleased to announce that it has received a grant from the Verizon Foundation, the philanthropic arm of Verizon Communications, Inc., in the amount of $23,000 for its Small Business Recovery program.  This grant will allow the SBDC to further its outreach to the small business community in the City of Franklin, as well as Southampton and Isle of Wight Counties, who have been and will continue to be impacted by the announced closure of the International Paper Plant. 

The check presentation will take place on Tuesday, March 30 at 11a.m. at the Hampton Roads Chamber of Commerce located at 500 East Main St., Suite 700, Norfolk.  Laura Barnes, Area Manager-External Affairs/Governmental Affairs, Verizon Communications, will present Jim Carroll, Vice President for Small Business, Hampton Roads Chamber of Commerce and Executive Director, Small Business Development Center of Hampton Roads, Inc., with a check for $23,000.  Also in attendance will be the Honorable James P. Councill, Mayor of Franklin; Nancy Parrish, Manager of Small Business Development for Franklin Southampton Economic Development Inc.; and Jack Hornbeck, CCE, President & CEO, Hampton Roads Chamber of Commerce. 

It is anticipated that over 1,400 people will lose their jobs at International Paper and an additional 2,000 or more in the businesses surrounding the plant will be impacted.  During the next year, the grant money will be used to provide resources to current small business owners and potential new small businesses.  The SBDC will provide a series of seven “e-books” which will be accessed from the SBDC website.  Titles include: “The Plan,” “Managing Cash,” “Buying and Selling a Small Business,” “Understanding Where You Stand,” “Your Place in the Marketplace,” “Understanding Commercial Lending,” and “Small Business Report Card.”  In addition, the SBDC will conduct a series of Profit Mastery courses for the area’s small business owners. Information in these courses will be essential for small business owners to determine new business models for their operations.  The SBDC will partner with the Virginia Electronic Commerce Technology Center to conduct a series of e-commerce related courses to increase awareness of ways to expand customer outreach beyond the local area.

Jim Carroll, SBDC Executive Director, said “We are thrilled to have received this grant from the Verizon Foundation and will be able to better assist the small business community in Franklin and Isle of Wight and Southampton Counties react to and potentially recover from the impact of the closure of the International Paper plant.”  Carroll added, “The SBDC will continue to work in cooperation with the Franklin/Southampton Area Chamber of Commerce, Isle of Wight-Smithfield-Windsor Chamber of Commerce, Economic Development Departments, and other institutions to assist in recovery efforts following the plant closure.”

“Verizon is honored to assist the SBDC in providing the necessary funding for the small businesses and give them the opportunity to have a new start and a new beginning,” said Laura Barnes, Area Manager for Verizon.

 About the Small Business Development Center of Hampton Roads (www.hrsbdc.org)

The Small Business Development Center of Hampton Roads is a non-profit affiliate of the Hampton Roads Chamber of Commerce and Thomas Nelson Community College in partnership with the U.S. Small Business Administration.  It is part of a statewide network of business assistance headed by the Mason Center for Business and Public Policy at George Mason University, and funded primarily by the U.S. Small Business Administration.  The SBDC provides management counseling, information, technical assistance, education, and training to small businesses in the region’s 18 cities and counties.  It has been serving the greater Hampton Roads region and the Eastern Shore since 1990.  Since its inception it has provided services to over 9,900 clients and assisted them in achieving over $208 million in economic impact as well as creating over 2,900 jobs. 

About the Verizon Foundation (www.verizonfoundation.org)

The Verizon Foundation is the philanthropic arm of Verizon Communications, Inc. Since 2000, the Verizon Foundation has invested more than $450 million in the United States and around the world to help others. In 2008, the Foundation donated more than $68 million to support charitable and nonprofit agencies, awarding 2,910 competitive grants. Verizon employees contributed more than 608,000 hours of community service, giving their time and financial support to causes and organizations they care about. Employees donated $12.7 million and Verizon contributed $13.4 million in matching gifts to 15,630 nonprofits. Since 2000, Verizon employees and retirees have given more than 3 million volunteer hours to their communities.

 

 

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