Friday, November 4, 2011

City's Office of Minority Business Development Offers Free Training

The City’s Office of Minority Business Development (OMBD) is proud to offer technical assistance and training activities on a variety of topics, as well as networking opportunities for minority and emerging small businesses.

As contracting and development opportunities in Richmond increase, OMBD remains committed to providing maximum opportunities for minority, disadvantaged and emerging businesses. It is the agency’s mission to help these businesses participate in the full array of contracting opportunities that the city of Richmond has to offer.

“We remain committed to having an inclusive environment that can lead to an increase in the number of minority-owned and emerging businesses that participate in city projects,” said Mayor Dwight C. Jones.

While OMBD's programming encourages minorities to start new businesses, the agency is equally focused on ensuring that existing minority and emerging businesses take the necessary steps to achieve substantive growth. Programs are geared to inform, educate and motivate minority and emerging firms to become more involved in City procurement opportunities as well as create opportunities that enable contractors and service providers to build strategic alliances.

Training and seminar topics vary and the following provides a brief overview:

How to Start a Business
Overview of essential elements of starting a business, such as business planning, marketing
and financials, how and where to file for a business license and obtaining various permits

Developing a Business Plan
Details the importance and explains the various components of the business plan

Understanding Procurement Solicitations
Details the various types of City solicitations: RFP, IFB, RFQ, Sole Source, CM@Risk
and The Richmond Supply Schedule

Advantages of Teaming and Partnerships
Introduces the concept and various types of partnerships and teaming including
joint venture opportunities

Do the Right Thing! Budgeting, Bookkeeping, and Taxes

Details various business structures, accounting methods and the information needed
to develop a business budget

Emergency Preparation and Continuity for Businesses
Focuses on Emergency Preparedness & response and Fundamentals of
business continuity planning

Preparing for a Business Loan
Details elements needed to complete a loan package, the role credit ratings play,
and a review of the loan process

Spanish courses are also available. A full schedule of upcoming training sessions and outreach events are available by clicking here or by calling (804) 646-5947.