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File #: 18-0136 CRA    Version: 1 Name:
Type: CRA Discussion Status: Agenda Ready
File created: 10/3/2018 In control: Community Redevelopment Agency
On agenda: 10/9/2018 Final action:
Title: THE CENTER FOR TECHNOLOGY, ENTERPRISE, DEVELOPMENT, INC. (TED CENTER) -FUNDING REQUEST
Attachments: 1. Agenda Cover Report, 2. Exhibit A - Ted Center Documents
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO: CRA Board of Commissioners
FROM: Joan K. Goodrich, Economic Development Director
THROUGH: Jeff Costello, CRA Executive Director
DATE: October 9, 2018

Title
THE CENTER FOR TECHNOLOGY, ENTERPRISE, DEVELOPMENT, INC. (TED CENTER) -FUNDING REQUEST

Body
Recommended Action:
Recommendation
Provide direction with respect to a funding request received by The Technology Enterprise Development Center to support local government contracts training, small business certification and youth entrepreneurship training in the CRA District.

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Background:
The Center for Technology Enterprise and Development, Inc. is a 501(c)(3) nonprofit economic development organization established in 1992, located in Atlantic Grove on West Atlantic Avenue. In conjunction with the Florida Women’s Business Center, the TED Center offers affordable business education and incubation resources to entrepreneurs and small businesses. Their services include affordable office space, meeting space, computer and internet access, branding services, business counseling, and incorporation services. The organization serves clients from many areas of the state, as well as the Delray Beach area.

On September 10, 2018, the CRA received a letter from the Center for Technology, Enterprise and Development, Inc. (TED Center) requesting a grant of $65,000 to provide customized training and support services for businesses and residents of the City of Delray Beach and the CRA district (see attached).

CRA staff met with Seabron Smith, Executive Director, the TED Center and Victoria Hughes, Director, Florida Women’s Business Center on September 18, 2018 to discuss where there known gaps in the small business and entrepreneurial development ecosystem which could be filled by the expertise and programming of the TED Center and the Florida Women’s Business Center. These areas included more training and emphasis around local government contracting, small business certifications and youth entrepreneurship ...

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