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Business Enterprise
Academy™
The Business Enterprise Academy™ (BEA) is the TBA small business incubator program for MWBEs in business from six months to 3 years. This TBA flagship program is a six-month MWBE development program that will qualify minority suppliers for industry-specific private and public sector opportunities in the U.S. and abroad, and help create a pipeline of suppliers for corporate and governmental entities. Participants also are more likely to succeed as 87 percent of graduates stay in business.
Curriculum topics include: infrastructure management, safety, effective marketing/advertising, financial management, information technology, legal solutions, insurance, investments/retirement, human resources/personnel management, accessing capital, joint venture partnerships, project management, real estate leasing/ownership, networking, certification, mentoring by industry professionals, RFP/RFQ training and presentation skills.
The 2010 program will involve up to fifteen participants selected via a set of
criteria [years in business, industry of TBA focus (construction, energy,
manufacturing/wholesale/distribution,
transportation, technology, engineering, medical, professional services
and food service), strength of business plan, and desire to succeed].
The program fee is $550per participant; for members and $650 per participant
for non-members; a portion can be paid by requesting scholarship application.
BEA program graduates will be
awarded
during
a BEA
graduate
luncheon ceremony.
BEA program achievement measurements include: minority usage increase, minority spend, RFP/RFQ bids submitted, RFP/RFQ bids accepted, revenue increases of companies from start/end of program, contracts performed as a result of BEA experience, prime and subcontractor opportunities awarded as result of BEA experience, capital awarded as result of BEA.
Value added sponsor benefits include: a) ability to be a part of the cultivation of MWBEs that could be potential suppliers, b) ensure that minority suppliers are fully educated on successful business practices, c) be directly responsible for growth of MWBEs in the state of Texas, d) tremendous exposure and marketing for organization, e) ability to contribute to program’s curriculum, and f) ability to be a mentor and speaker/presenter at forums.
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