USC's Bridges to Business Success Program
Hispanic California-licensed contractors in real estate asset management industry complete intensive 5-week training program
LatinoLA Contributor, USC Media Relations
Building on the impact of its inaugural program launch, USC's Bridges to Business Success program (B2BS) recently presented its second cohort of graduates during a special recognition luncheon. A total of twelve (12) Hispanic entrepreneurs have graduated from the program since its inception in January 2012.
Published on LatinoLA: August 28, 2012
The Bridges to Business Success program is a public/private/non-profit collaboration supported by USC's MBDA Business Center-Los Angeles, the City of Los Angeles Mayor's Office of Economic & Business Policy, Citi Community Development, the SCMBDC, SBA SCORE, and three ethnic minority chambers (Latino Business Chamber of Greater LA, Black Business Association, and Asian Business Association).
The program's street name, "B2BS", puts words in to action when it comes to investing in the Los Angeles business community. Developed to assist minority business owners in the real estate asset management industry, the program offers participants advanced business training regarding the procurement process by providing tools to efficiently navigate regulation and legal issues.
Qualifying trades include construction contractors, property managers, maintenance contractors among many others. Priority is granted to small to medium sized businesses serving low to moderate income communities. Applicants must have been in business for a minimum of two (2) years.
As part of the program, participants will become National Minority Supplier Development Council Certified through the SCMBDC which may lead to future contract opportunities.
Other benefits of participation include personalized business coaching by SCORE Procurement Specialists, access to the SCMBDC Mentor/Protégé program and support in various other areas including presentation skills, business plan development and networking opportunities.
The classes are currently conducted on Wednesday evenings over a 5-week period and are held on the USC campus with the goal of preparing minority business owners to be contract-ready. The fee to participate is $250, however, this specialized training is valued at $3,000.
More information about USC's Bridges to Business Success program is available at www.mbdalosangeles.org.
"USC continues the legacy for many decades of providing jobs and contributing to the economic growth of our communities.' said Theda S. Douglas, Associate Vice President of Civic Engagement at USC. "We are proud of our role in creating program initiatives like the "Bridges to Business Success Program" which enhance stronger neighborhoods by empowering and developing more opportunities for jobs, and in creating an entrepreneurial spirit."
ABOUT USC IN THE COMMUNITY
The University of Southern California has been a proud and active member of its community since 1880. USC believes its strength as a great university depends on its ability to be a good neighbor. USC is dedicated to supporting healthy, vibrant and engaged communities around its University Park and Health Sciences campuses. To this end, USC supports families and youth, promotes small business development and economic growth and instills in its students a profound commitment to participate in civic life.
• USC invests $32 million annually to support community initiatives, serving 40,000 community members.
• USC students, staff and faculty devote more than 650,000 hours annually in the community.
• The USC Neighborhood Academic Initiative, an intensive college prep program, sends 100 percent of its students to college, with nearly half getting full-tuition scholarships to USC.
• USC has adopted 15 neighborhood elementary, middle and high schools as part of its Family of Schools program, sharing with these schools its students and educational resources.
• USC's local hire program puts $5 million in annual salaries back into the neighborhood.
• USC taught 60 small business owners the skills to obtain $61 million dollars in capital, contracts and loans.
• USC has more than 3,000 children in college access programs and more than 500 children in pre-school programs.
• The USC Good Neighbors Campaign raises more than a $1 million in donations every year for community programs through staff and faculty donations.
These efforts have been recognized on a national level by the Carnegie Foundation, the president of the American Council on Education, the World Health Organization and the "Saviors of Our Cities," survey of best university civic partnerships. Community outreach was a key factor in TIME magazine naming USC College of the Year in 2000.