Date: Tuesday, April 18
Time: 2:30 pm – 4:00 pm ET
In the wake of a disaster, small businesses often are more financially vulnerable than large businesses. Small businesses are the backbone of local economies, providing essential goods and services such as groceries, fuel, childcare, and healthcare. It is important, therefore, that economic development organizations plan to provide additional assistance to small businesses following a disaster – particularly to address cash flow and capital shortfalls. Join IEDC as this webinar explores the many financing avenues post-disaster to assist small businesses.
Attend this to access:
• Tips and strategies you can emulate in your community to financially assist small businesses
• Techniques from professionals who have experienced the struggles of a disaster
• Avenues of financing beyond the typical post-disaster funding
Galveston Economic Development Partnership
Jeffrey is the founding President of the Galveston Economic Development Partnership (GEDP). The GEDP is a public/private partnership focused on the expansion of Galveston’s employment and tax bases. The GEDP was formed in 1999. Since formation the GEDP has facilitated a myriad of projects including maritime, emerging technology, tourism, housing, infill redevelopment, information services and a host of other activities.
Since 2005 (Hurricane Katrina) and in conjunction with the City of Galveston, Sjostrom has gained a unique insight into the arena of disaster planning and business recovery. Through the GEDP, over $100 Million in business recovery resources were implemented within Galveston resulting from Hurricane Ike (2008). Sjostrom participates in local, regional, state-wide and national initiatives focusing on transferring lessons learned and seeking additional improvements to the area of continuity planning and disaster recovery.
Prior to joining the GEDP Jeffrey coordinated a 13-county economic development program for the Houston-Galveston Area Council. In this capacity Sjostrom was responsible for public financing tools and resources to support the region’s economic growth. Jeffrey began his economic development career in Texas with the City of Palacios in 1988. Rural development was the primary goal for this small coastal community. In this capacity projects included aquaculture, tech-prep workforce training, manufacturing and real estate development.
During these 29 years of service in the field of economic development, Sjostrom participates on a wide variety of commissions and organizations dedicated to community and economic development.
Small Business Initiatives
Ms. White-Colin is the Director of Small Business Initiatives at the New Orleans Business Alliance, a public-private partnership between the City of New Orleans and its business community; Ms. White-Colin directs diverse activities promoting economic inclusion, to facilitate enhanced opportunities, sustainability and growth for small businesses, with significant emphasis on minority- and women-owned ventures. Lynnette forges relationships within the community of local anchor institutions, corporations, public entities, public construction projects, etc. fostering the creation and identification of procurement and contracting opportunities for target small businesses. She regularly convenes small business stakeholders to discuss strategies that lead to alleviation of barriers to growth for minority business owners; she provide custom connections between business owners and diverse technical and financial assistance providers to ensure local small businesses have both the resources and capital necessary to sustain and grow their organizations. Ms. White-Colin is involved in strategic efforts toward revitalization strategies for commercial corridors in disinvested communities throughout the city of New Orleans.
Prior to joining the New Orleans Business Alliance, Lynnette directed economic development programming at the Urban League of Louisiana, which involved directing the Women’s Business Resource and contractors Resource Centers. The two entities provided technical assistance, diverse business training and one-on-one business consulting and coaching services for emerging business owners and contractors.
Ms. White-Colin served as the Executive Director of the O. C. Haley Blvd Merchants & Business Association and Main Street Initiative, where she oversaw the revitalization of the Oretha Castle Haley Boulevard commercial and cultural district which realized over $35M in development projects. Additionally, Lynnette commenced the first commercially-focused urban land trust in the country.
Formerly a Vice President with Hope-Enterprise Corporation, Ms. White-Colin served as a Regional Director of Hope Community Credit Union’s southeast operations, where she worked extensively with small and micro businesses assisting them to access financing. She directed consumer lending, deposit and retail operations and managed the branch’s socially responsible investment and philanthropic relationships, leveraging over 16 years of diverse banking experience.
Lynnette holds a bachelor’s degree in Business Administration from the University of New Orleans. She was awarded a Credit Union Executive Certification at the Community Development Credit Union Institute at Southern New Hampshire University.
Ms. Colin serves on the boards of the Ashe Cultural Arts Center, the New Orleans Redevelopment Unlimited (an auxiliary of the New Orleans Redevelopment Authority); the East New Orleans Business Development District; and the New Orleans Regional Business Park.