2017-09-20 / Front Page

Start Or Grow A Business, Learn Skills, Get Certified With QEDC This Fall

Queens Economic Development Corporation (QEDC) announced its fall programs at a recent networking event at Z Hotel’s rooftop in Long Island City. The programs are being sponsored by Resorts World Casino New York City. Seen in photo are (l. to r.); Bill Singh, a Chartered Financial Analyst who will teach StartUP! classes; QEDC Executive Director Seth Bornstein; Assemblyman David I. Weprin; Michelle Stoddart, Director of PR and Community Development at Resorts World Casino New York City presenting a check for $50,000; and Deputy Queens Borough President Melva Miller.

 Queens Economic Development Corporation (QEDC) announced its fall programs at a recent networking event at Z Hotel’s rooftop in Long Island City. The programs are being sponsored by Resorts World Casino New York City. Seen in photo are (l. to r.); Bill Singh, a Chartered Financial Analyst who will teach StartUP! classes; QEDC Executive Director Seth Bornstein; Assemblyman David I. Weprin; Michelle Stoddart, Director of PR and Community Development at Resorts World Casino New York City presenting a check for $50,000; and Deputy Queens Borough President Melva Miller. With programs to assist small business owners, entrepreneurs, home improvement contractors, minorities, immigrants, and women, the Queens Economic Development Corporation announced its list of fall services on September 12.

First up is the 12th annual Queens StartUP! Business Plan Competition, which is sponsored by Resorts World Casino New York City and organized in conjunction with Queens Public Library. Contestants attend free, two-hour seminars on four topics: All About Business Planning and Research; Business Operations and Management; Creative Sales and Marketing; and Developing Financial Statements – at Flushing Library on various dates between Oct. 7, 2017, and Jan. 31, 2018.

After completing a fourth session, applicants write business plans which they submit to a panel of judges, who then select three winners by May 2018. Each winning business receives $10,000 for start-up costs.

This year’s instructors are Dean Blackman, a Yale School of Management MBA holder who founded and managed DWB Ventures, which invested in technology ventures; QEDC Executive Director Seth Bornstein; and Bill Singh, a Chartered Financial Analyst who is Director of Financial Planning & Analysis for Genting Americas.

To learn more about StartUP!, free information sessions have been offered, with a last one being held on Wednesday, Sept. 27, 10:30 am, at Flushing Library, 41-17 Main Street.

The Entrepreneurial Assistance Program is for aspiring and existing small business owners. Offered since 1991, this 20-class course informs on ways to minimize risk and maximize reward when starting or expanding a business.

With an experienced professor, participants study the following topics: How to Write a Compelling Business Plan; How to Conduct Industry and Market Research; Marketing and Sales Techniques; Operations Structure; Technology to Automate and Streamline a Business; How to Legally Structure a Business; Competitive Positioning; How to Structure Financial Statements; and How to Finance a Business.

Classes will run twice a week, on Tuesdays and Thursdays, from 5:45 pm to 8:45 pm, from Oct. 3 to Dec. 21 at the Entrepreneur Space, QEDC’s food-and-business incubator in Long Island City. (No classes on Halloween, Election Day, and Thanksgiving.) The cost is $500, but an 80% discount is available for veterans, Supplemental Nutritional Assistance Program recipients, New York City Housing Authority Residential Employment Services clients, and those with an unemployment or self-employment award letter that was in effect up to three months prior to the start of the class. Plus, a $50 reimbursement will be issued to clients who attend at least 80% of classes and submit a business plan by the last day of classes.

QEDC will continue its Home Improvement Contractor Training in English, Mandarin, and Spanish. HICT, which prepares contractors to pass the NYC Department of Consumer Affairs licensing exam, consists of three six-hour classes led by an experienced teacher. The lessons are accompanied by one-on-one business advisory services, such as consultations on permits and licensing, business development, avoiding liability, procurement, and access to capital. HICT is offered as per demand. To sign up for HICT, contact Sarah Liu at sliu@queensny.org.

QEDC will also keep facilitating M/WBE certification. Women and minorities who have been in business for at least a year can obtain a special designation that gives them priority for government contracts. For more info, contact Ricardi Calixte at rc@queensny.org.

Along the same lines, the Queens Women’s Business Center will continue to help woman start and grow their companies. The program’s director, Andrea Ormeño, provides one-on-one counseling by appointment, but she also organizes workshops and networking opportunities, including her popular Power Networking Breakfast, which usually attracts about 50 female entrepreneurs. Contact her at aormeno@queensny.org.

More information on these programs and other services are on QEDC’s website: queensny.org.

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