Wednesday, April 23, 2014

Entrepreneurial Assistance Program (EAP)

Entrepreneurial Assistance Program (EAP): "Program Highlights
Since its inception, the EAP initiative has helped entrepreneurs create new businesses and has provided in-depth assistance to minorities, women and dislocated workers interested in starting a business. "


Here is what the EAP Offers:

The centers assist new and aspiring entrepreneurs in developing basic business management skills, refining business concepts, devising early-stage marketing plans and preparation of action plans.  In addition, the program actively assists EAP client efforts to obtain business financing. 

Here is a link to ESD's operating budget proposal:

http://esd.ny.gov/CorporateInformation/Data/FinancialDocuments/ESD_Budget_2014_15.pdf
The Omnibus Economic Development Law of 1987 authorized Empire State Development (ESD), through the Entrepreneurial Assistance Program, to issue contracts to not-for-profit corporations, community colleges and boards of cooperative educational services for the development of Entrepreneurial Assistance Centers to provide comprehensive assistance in enterprise development to owners and prospective owners of small businesses.
A typical EAP center provides the following in-depth services to owners and operators of start-up businesses: 
  • Counseling on the feasibility of starting a business 
  • Assistance in refining a business concept and developing a business plan
  • Education in established management principals and practices
  • In-depth business counseling in product development and marketing
  • Guidance in exporting, contract procurement and licensing
  • One-on-one counseling in identifying and accessing capital and credit
  • Access to business support networks
  • Ongoing and continued technical assistance to program graduates including linkages to other small business services

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