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October 2008

Release Date: Oct. 1, 2008ASU Logo

Local Coalition to Present Phase I of ASU SBDC Grant Project

Phase I of a new economic development project being funded by a grant to the Angelo State University Small Business Development Center (SBDC) will be unveiled at the San Angelo Chamber of Commerce Business Showcase Tuesday, Oct. 7, at the Wells Fargo Pavilion.

The One Stop Shop Project is a coalition of local economic development partners that have joined together to provide information and assistance to entrepreneurs and small businesses. Phase I of the project is the launching of a Web site for local business resources. Titled Concho Valley Business Resources, the site will be presented for the first time in the coalition’s booth at the Business Showcase. The site’s online address will be www.cvbiz.org.

Services on the Web site will be free and will include business information and links to organizations that can provide details and assistance to anyone wishing to start a business, expand a business or relocate a business to the area. The idea for the Web site came from ASU President Joseph Rallo with technical and design assistance provided by ASU’s Information Technology Department. The site will be maintained by an SBDC graduate student assistant.

In January, Angelo State’s SBDC received a $25,000 grant from the West Texas Coalition for Innovation and Commercialization (WTCIC) to fund the One Stop Shop Project. Phase II will study the possibility of the coalition partners coming together in one facility and becoming a true “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).

Other partners in the One Stop Shop Project 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.

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.