Recent News

Developing Rapid-Response Plans for Cities to Help Entrepreneurs and Small Businesses in this Time of Economic Crisis

Monday, May 04, 2020

As the extent and impact of COVID-19 becomes more apparent, entrepreneurs and small businesses are on the front lines of its devastating impact–and with their demise comes potentially catastrophic economic losses for local communities. According to JP Morgan Institute, 50 percent of small businesses have less than 30 days of cash on hand. With 50 percent of Americans working for or owning a small business, the failure of our small business economy could have a widespread and long-standing impact on our unemployment rates and put even greater financial stress on families who are already on the financial brink. This is particularly true of Main Street businesses and families in under-connected and under-resourced communities.

During the Great Recession, business failures rose faster than business starts and startup rates fell to a record low. In the ensuing years, entrepreneurship in America struggled to recover. As the Economic Innovation Group states, “the startup-less recovery revealed one of the glaring failures of the response to the Great Recession.” With new businesses contributing significantly to net new job creation, we cannot afford to make this mistake again.

Click here to read full article. 

Category: (none)

Fast Fact Image

“Birmingham Landmarks, Inc. certainly made the right decision in selecting NCDS to raise the $7 million needed to fully restore our sadly dilapidated and abandoned former vaudeville theatre in downtown Birmingham.  Your firm provided the wisdom and experience to position the project as worthy of support, then structured a winning campaign that was creative, energizing, and relentless in pursuit of the goal.  We were especially appreciative of your flexibility relative to our early cash flow issues, and even more so in the selection of the assigned NCDS Project Executive.  Because of the success and momentum of your phase of this exceptional campaign, the Lyric staff was able to continue seeking commitments utilizing tax credits, and the total raised now exceeds $11.8 million.  Thanks to NCDS, Birmingham can boast of having one of the most spectacularly restored performing arts theaters in America.”

Brant Beene, Executive Director • Birmingham Landmarks, Inc.

facebooktwitterlinkedin
National Community Development Services, Inc.
6300 Powers Ferry Road, Suite 600-165
Atlanta, GA  30339
Phone: (404) 231-0730
tdifiore@ncdsinc.net