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January 2008

Release Date: January 31, 2008

ASU Small Business Center Receives Grant for New Project

Angelo State University’s Small Business Development Center (SBDC) has received a $25,000 grant from the West Texas Coalition for Innovation and Commercialization (WTCIC) to help fund a new entrepreneurial assistance project in partnership with several other agencies.

The new One Stop Shop Project is a coalition of local economic development partners that have joined to provide information and assistance to entrepreneurs and small businesses. The first phase of the project will be to create a Web portal for local business assistance and information that, for now, will be called Concho Valley Business Resources (CVBR).

The second phase will study the possibility of the coalition partners coming together in one facility and becoming a “one stop shop” for business assistance, information and resources. Also included in the project will be the development of an Angel Investor Network, to be called the Concho Valley Angel Network (CVAN).

Angelo State’s SBDC will manage the grant funds that will initially be used for development of the Web portal and the CVAN. An additional $12,500 grant could be available for the project next year. Other coalition partners include the ASU International Trade Office, San Angelo Chamber of Commerce, City of San Angelo Development Corporation, Concho Valley Center for Entrepreneurial Development, Concho Valley Workforce Development Board and Texas Department of Agriculture-Rural Development.

“The coalition partners are excited about coming together on the web or in one facility to provide information, resources, and other assistance to new or existing entrepreneurs who will fuel the continued development of the local economy,” said Dave Erickson, director of the ASU SBDC.

Based in Lubbock, the WTCIC is the regional center overseeing the Texas Emerging Technology Fund (ETF) for West Texas. The WTCIC’s ultimate purpose is to promote the creation of a regional entrepreneurial culture for innovation and commercialization.