The Business Outreach Program at Portland State University

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The Business Outreach Program at Portland State
University

• Improving Underserved Communities through
  Catalytic Economic Development

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The Opportunity

• Help create jobs in underdeveloped areas
  (targeted parts of North and Northeast Portland)
• Provide valuable consulting services to minority-
  and women-owned businesses
• Prepare students with real consulting projects
• Leverage the nationally renowned work done by
  Michael Porter and the Initiative for the
  Competitive Inner City

BOPs Brad Robertson and Michael Porter, 2000
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PSU School of Business
Mission

• Educate students in business theory and practice
  and the skills for life-long learning
• Engage in scholarly research critical to the
  success of businesses and organizations
• Collaborate primarily with the urban and regional
  communities in the development and application of
  business knowledge

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BOP Our Mission
Improve the overall economic well-being of the
neighborhoods we serve
Provide knowledgeable and relevant mentoring and
technical assistance
Help small and emerging businesses achieve their
potential
Provide PSU students the opportunity for
community based learning
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BOP Who we are
Community Based Counselors

• Offer one-on-one mentoring and technical
  assistance
• Help clients analyze their businesses
• Provide access to information networks and
  resources

Community Based counselor Gary Brown and two
clients who own restaurants in N Portland
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BOP Who we are
PSU Business Students

• Capstone teams or individual interns of
  upper-class students
• Draw from their own private sector experience
• Receive hands-on consulting experience 
• Complete projects include marketing, financial,
  operations and management plans

Students talk with BOP supporters about their
experience with the program
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BOP Who we are
Our Board of Directors
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BOP Who we are
Our Supporters

• BHCD, City of Portland
• Davis Wright Tremaine LLP
• US Bank
• Precision Castparts Corp.
• Bank of the West
• Osozaki Foundation

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BOP Our Results . . .
BOP Our Results . . .
Jobs Created
Note The BOPs fiscal year runs from July 1
June 30
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BOP Our Results . . .

• Over 340 companies supported since 1994
• Over 1,000 students as consultants
• 750,000 of student consulting services provided
  (based on a value of 3,000 per project)

DiPrima Dolci Italian Restaurant UNDER RENNOVATION
Di Prima Dolci Italian Restaurant RENNOVATION
COMPLETE
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BOP Our Results . . .

• Corporate commitment to underserved communities
• 105,000 worth of pro bono legal services
  provided by Davis Wright Tremaine
• Public recognition
• 2002 Small Business Administration Oregon
  Minority Small Business Advocate of the Year
• PSU 2002 Civic Engagement Award
• 2001 Effective Government Award from
  North/Northeast Business Association

PSUs Dean of the SBA, Scott Dawson, thanks
supporters
PSU student tells audience about the benefits to
students
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BOP Our Means
BOP Our Means
2003-2004 Contributions

• BHCD/City of Portland 104,000
• PSU 48,000
• US Bank 11,500
• Osozaki Foundation 5,000
• Bank of the West 3,300
• TOTAL 171,800

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BOP Our Proven Method
Service Delivery Matrix
Minority, Woman and Emerging Small Businesses
Business Outreach Program
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Examples of Technical Assistance Provided

• Financial Analysis and Statements
• Loan Preparation
• Daily Operations
• Strategy
• Cost/Pricing
• Business Plans

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Organizational Chart
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BOP Our Goals
BOP Our Goals

• Create 60 jobs in 2004
• Expand our target area
• Add one counselor by the end of 2004
• Create a franchisable model that can be
  expanded beyond the current service area

Owners and staff of newly opened Hannah Beas
Poundcake and More
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BOP What we need . . .
BOP What we need . . .

• Increased financial commitment to expand target
  area and add counselors
• 80,000 in FY 2004/2005
• Establishment of an endowment
• Target 4,000,000 by 2010
• Business leader involvement
• Increase pro bono services
• Advisory board involvement
• Direct mentoring for businesses

BOPs Brad Robertson and Matt Hennessey, 2001
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Increasing BOPs Capacity

• Improved Database
• Add Student Workers
• Increase PSU Interns for Clients
• Add PCC Interns for Clients
• Diversification of Funding Sources

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We need your help
to help ourselves and our community
BOP client, Pat DiPrima, and her PSU student
team, 2003