Opportunity SWVA pilots Kiva loan strategy

Community development partners across Southwest Virginia are piloting the use of the Kiva crowdfunding loan platform to help small businesses expand and add jobs. Opportunity SWVA, the region’s entrepreneurial ecosystem collaborative identified five businesses in need of small loans. Over the next two weeks, the businesses are working to raise a total of $43,000 in new capital.

Begun in 2005, Kiva is primarily known for global work connecting people to capital to alleviate poverty. With loans as small as $25, individuals can put critical resources in the hands of emerging entrepreneurs.

oppswvaOpportunity SWVA, comprised of more than 25 small business development support organizations, is working with businesses that have participated in community business launches or have an ongoing relationship with a partner organization. Opportunity SWVA acts as a Kiva Trustee, attesting to the character of the potential borrower.

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SWVA Kiva entrepreneurs Eva Beaule, Steven Harris, Beth Walker, Stephen Curd, and Jennifer Bailey with Virginia Secretary of Commerce and Trade Brian Ball (third from right).

The five pilot businesses are all creating jobs with loans of up to $10,000. Several directly support regional and community transformation strategies.

  • St. Paul Main Street business Sugar Hill Brewing Company is seeking a loan to purchase a food truck.
  • Glade Spring design house and manufacturer Garic Stephens is purchasing sewing equipment to hire additional workers.
  • Architectural steel detailing firm Appalachian Drafting is purchasing a software license to put an additional person to work creating 3D holograms of buildings.
  • In Norton, All Indoor Farm Store is expanding to create Stone Mountain Adventures, a business-diversification strategy supporting the outdoor recreation economy.
  • Advenuture Mendota is purchasing new kayaks to grow the capacity of the four-year-old outfitter, which began as a revitalization strategy in the Washington County community of Mendota.

Want to learn more about how Kiva works?  Try it out!  Support one of the SWVA loans. Then, as your region or community plans its own Kiva strategy, the Opportunity SWVA team will be happy to share with you what they learned.

Make a loan and watch videos of the entrepreneurs.
Track progress of Opportunity SWVA on Facebook.
Get all of the Opportunity SWVA Kiva tools at www.opportunityswva.org/kiva.

 

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Downtown Intersections At-A-Glance Agenda

 

Register now to attend Downtown Intersections, presented by the Virginia Department of Housing and Community Development’s Virginia Main Street Program, in partnership with Harrisonburg Downtown Renaissance.

This event promises a packed schedule full of sessions spanning topics geared toward organization and promotions, as well as a Main Street Essentials track. There will be real-life examples from communities who are innovating, and opportunities for hands-on training that you can take back and implement in your community. Click here for the At-A-Glance Agenda.

We have also extended the deadlines for the new Main Street Idea Pitch and Merit Award nominations! The Idea Pitch applications will now be due May 7th, and the Merit Award nominations will now be due May 22nd.

For more information about the hotel, sessions, Merit Awards, and the new Main Street Idea Pitch, click here.

Our opening plenary will feature the Orton Family Foundation. The Foundation’s Community Heart & Soul program is a catalyst for positive change in small cities and towns. This resident-driven model takes into account the unique character of people who live there – a town’s “heart and soul”. This program has been implemented in dozens of communities across the US to bring people together to build stronger, healthier, and more economically vibrant communities.

Take advantage of the early bird rate now through May 11. You will save $50 off the normal rate, so register now! Click here to register.

 

Premier Sponsors:

Increase Your Small Business Success During National Small Business Week

Lexington is celebrating the start up of four new downtown businesses!

Launch Lex Pitch Event

On the evening of April 11, more than 100 fans witnessed a group of aspiring entrepreneurs pitch their best ideas for new downtown businesses in a one-night version of “Shark Tank,” with $60,000 in grants awarded.  Main Street Lexington hosted Launch Lex, which provided an eight-week business training program and culminated with the competition. The room sizzled, and the community is still reeling from the excitement.  Congratulations, entrepreneurs!

On Main Street, small business support like this is essential for a vibrant downtown.  If you don’t currently have anything to offer, the U.S. Small Business Administration has you covered.

The U.S. Small Business Administration and SCORE Association will host a free, three-day virtual conference during National Small Business Week. The conference will take place Tuesday-Thursday, May 1-3 from 12:30-6:30 p.m. ET each day.

The virtual conference offers all the best parts of an in-person conference, but without the hassle of traveling. Watch 12 educational webinars, get free business advice from mentors, pick up free information and resources from sponsors and network with fellow business owners.

The webinars include:

  • Hug Your Haters: How to Embrace Complaints and Keep Your Customers
  • Simple Steps to Choosing the Right Financing
  • Pop andPlay: How Opening a Pop-Up Shop can Help Launch Your Retail Brand
  • How to Get New and Repeat Business On Autopilot with Email Marketing
  • The U.S. Economic Outlook and its Impact on Small Businesses
  • Grow Your Business in 2018

Learn more and share with your community>>>

Virginia Main Street 2018 Merit Awards – Nominations are Open!

Downtown Intersections is just a few months away! Virginia Main Street staff have been working hard to craft an agenda, secure speakers, develop walking tours and create workshops that will educate, inspire and empower our communities.

Now, we need your help to recognize achievement, innovation and success in our Main Street communities. Nominations are now being accepted for the Virginia Main Street 2018 Merit Awards!

Download the form today, and nominate your best volunteer, your favorite new public space or your most successful retail promotion from July 1, 2017, to June 30, 2018. Winners will be recognized at a special awards luncheon at Downtown Intersections on Wednesday, July 18 at Harrisonburg’s new Hotel Madison. You won’t want to miss it!

Complete a nomination and get recognized for your extraordinary achievements>>>

VMS Regional Rev Ups Coming Soon!

Join your nearby Virginia Main Street partners for the next Regional Rev Ups, coming April 17 to Warrenton, April 18 to Marion, and April 19 to South Boston. Our topic for this Rev Up will be Opportunity Analysis: Economic Vitality.

Data is typically the driver in most opportunity analysis.  However, we often underestimate the importance of examining the current state of downtown through the lens of existing business niches, non-traditional traffic generators and underutilized spaces.

With an eye toward being a keen observer, this workshop will walk participants through an opportunity analysis process by focusing on market data understanding and a walk-through of the host Rev Up commercial district.  Particular focus will be those opportunities that align with your transformation strategies and goals and target specific economic vitality-driven projects.

Join us for this half-day workshop that will be educational, inspiring and entertaining! Matt Wagner from the National Main Street Center will lead the discussion and tour. Matt serves as Vice President of Revitalization Programs at the NMSC. In this role, he is responsible for driving the Center’s field service initiatives, including the development and delivery of technical services for downtown and commercial corridor programs across the U.S.

Registration is free. Lunch will cost $15 and is only payable by cash on site at the event. Registration for each Rev Up session closes one week prior to the event, so click here to register now to reserve your spot!

NOTE: There will be a walking tour as part of this workshop, so please wear comfortable shoes.

Thank you to our Regional Rev Up partner!

Main Street Idea Pitch! Making Ideas Happen

Do you have an idea for a new Main Street revitalization project idea you would like to start?  Are you positive it’s something that will be a slam-dunk success? Then you won’t want to miss Virginia Main Street’s first annual Main Street Idea Pitch! competition.

Main Street Idea Pitch! is a downtown revitalization idea competition during Virginia Main Street’s Downtown Intersections multi-day training, July 16-18, 2018, Harrisonburg (registration open soon). It is an opportunity to win a $5,000 grant award to implement the idea. Presenter applications are due May 7, 2018.  The competition will begin the morning of Wednesday, July 18, and culminate with the winner announcement during the Virginia Main Street Merit Awards Luncheon.

The Main Street Idea Pitch! competition is geared towards stimulating the Virginia Main Street network of communities and professionals to craft imaginative Main Street project ideas.  Projects should:

  1. Connect to the community’s vision to create vibrant, people-centered places to live, work, and invest.
  2. Support the four key areas Main Street programs have been using as a guiding framework for over 35 years: Economic Vitality, effective Promotion, quality Design, and sustainable Organization.
  3. Focus on highly visible changes, measuring progress, and results that demonstrate the revitalization effort is under way and succeeding.

Potential project ideas can include, but are not limited to:

  • Non-profit organizational development
  • Market studies and strategy development
  • Downtown organization website development
  • Design and place-making
  • Destination development
  • Entrepreneur support programs
  • Buy local and extended store hours programs

Find out more to become a pitch presenter and make your idea happen >>>

VMS Idea Pitch Presenter Application>>>

 

Downtown Intersections Early Bird Registration Now Open!

Register now to attend Downtown Intersections! Presented by the Virginia Department of Housing and Community Development’s Virginia Main Street Program, in partnership with Harrisonburg Downtown Renaissance, this event promises a packed schedule full of sessions spanning topics geared toward organization and promotions, as well as a Main Street 101 track. There will be real-life examples from communities who are innovating, and opportunities for hands-on training that you can take back and implement in your community. Stay tuned for agenda details.

 

Our keynote speaker this year will be Dar Williams, musician and author of “What I Found in a Thousand Towns.” Dar will inspire us with a personal and hopeful message about the potential of America’s lively and resilient communities.

Take advantage of the early bird rate, now through May 11. You will save $50 off the normal rate, so click here to register early!