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PUBLIC MARKETS AS A TOOL FOR ECONOMIC DEVELOPMENT

DESCRIPTION

 

1. TRAINING AND ON SITE TECHNICAL ASSISTANCE

 

The LEDC’S PUBLIC MARKETS DEVELOPMENT PROGRAM is composed of 4 phases. While the first stage will equip the participants with basic tools to understand how to develop a Public Market, stages 2 to 4 will provide the partner organizations with on site tools to successfully implement their project.

 

Phase 1:

Public Markets training: An annual 3-day training, hosted by the Latino Economic Development Center of Minnesota and Neighborhood Development Center. the LEDC, an experienced Minnesota non-profit and developer of marketplace incubators, is willing to transfer the knowledge, experiences and skills they have gained over the past 10 years in the “How to establish a successful Public Market for strong Community Development” training.  They will also share the “do’s” and “do not’s” regarding community organizing, planning, financing, and sustaining markets in collaboration with other public and non-profit development entities. 

 

Phase 2:

On site visit to assess the initial feasibility: Participant organizations that have an active plan to establish a market development project, could qualify for a 1 to 2 day site visit from a team of experienced market developers, to evaluate the potential viability of their project. The determination will be based on organization’s background and Market development idea. A strong business idea will increase the possibility to obtain a scholarship.

This Initial Site Visit will allow your organization to:

  • Evaluate project viability and pre feasibility.
  • Meet with board of directors, and key partners to explain project overview.
  • Evaluate potential building to host a Public Market.  

 

Phase 3:

Technical Assistance to develop a business plan and financial feasibility structure:

Developing a Public Market is not easy. They are many elements that required different level of skills and area of expertise. For that reason LEDC is willing to provide technical assistance to create a business plan and identifying potential sources of financing. A fee for service will apply. Please contact us for more details.

The Technical Assistance to develop a business plan and financial feasibility structure will allow your organization to:

  • Build capacity for projects community organizing needs.
  • Write a project business plan.
  • Analyze project feasibility.
  • Identify and engage potential financial tools for the project.
  • Floor plan and Market design.
  • Establish a project budget. 

 

Phase 4:

On going technical assistance for implementation:

Once the project is ready for its execution, your organization may contract with our experts on the different project areas based on your current project needs. A fee for service will apply. Please contact us for more details.

Your organization may receive on going technical assistance on:

  • Asset Based Community Organizing.
  • Micro lending structure to support new and existing businesses.
  • Business technical assistance and program development.
  • Recruiting and screening market tenants.
  • Construction management.

 

2. HOW TO APPLY

  • Request the REGISTRATION FORM and mailed back to mario@ledc-mn.org or fax it to (612) 724-5342

 

  • If needed request the SCHOLARSHIP FORM and mailed back to mario@ledc-mn.org or fax it to (612) 724-5342

 

  • If have questions about the content and length of the training please request to download our TRAINING PROGRAM.

 

3. TRAINING COST AND EXPENSES

The training cost is $1,500 per participant. This amount includes materials, training fees, and food (Breakfast and lunch will be provided).

 

Notes:

Scholarships are available contingent to submission of application and approval.

Lodging needs to be arranged and paid by participant organization.

Travel needs to be arranged and paid by participant organization. A lodging and travel scholarship may be available for qualifying participant organizations.