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APPLICANT

Blount County Economic Development Council, Inc.

Total Qualifying Score: 6
County (ARC Region): Yes
State (ARC Region): Yes
Q3. IRS Status: Nonprofit – 2
Q4. Parent Entity: No – 1
Q5. 2 or More Full-Time Employees : Yes (as of 12/31/2019)
Q7. Budget Level: $100,000 to $250,000 – 2 (Last Fiscal Year Actual Income)
Q8. Restricted Reserves: No – 1
Q9. CARES Act Funding: Yes – 0
Q13. Participation by Executive: Yes


CONTACT & LOCATION INFORMATION

Blount County Economic Development Council, Inc.
Oneonta, Blount County, Alabama 35121
205-625-3305
Email
www

County (ARC Region) Blount
State (ARC Region) Alabama


ORGANIZATIONAL & FINANCIAL INFORMATION

Q1. Mission:

The BCEDC is a cohesion of citizens united under the common goal of maximizing our resources while advancing a strong, vibrant economy.

Q2. How organization aligns with ARC’s Plan & Goals:

The BCEDC’s purpose and activities align with ARC Goals 1, 3 and 4 by supporting the recruitment, retention and expansion of new and current businesses in Blount County, Alabama and its 12 municipalities, including providing support and education for local entrepreneurs.  Additionally, we provide technical and funding assistance to our communities and for critical infrastructure build-out and expansion projects and support for the development of tourism and recreation initiatives to leverage both local and regional assets.

 

Q3. IRS Filing Status: 501(c)(6)   

Q4. Unit or Chapter of Larger Organization: No

Q5. Employees:

Full-Time/Part-Time Employees: 2/0 (as of 9/1/2020)

Full-Time/Part-Time Employees: 2/0 (as of 12/31/2019)

Current Year Income/Expenses: $149,000/$199,000

Q6. Fiscal Year: Calendar

Q7. Budget Level

Last Fiscal Year Income/Expenses (Actual): $136,000 / $179,000

Current Year Income/Expenses (Projected): $149,000 / $199,000

Q8. Restricted Reserves (Amount): No ($)

Q9. CARES Act Funding (Amount): Yes ($33,000)
Received From: Direct   Date Received: 05/15/2020
For What Purpose(s): Payroll Costs

Q10. Negative Impacts from COVID-19:

COVID-19 has impacted our organization in many different ways.  As everything is so unpredictable for the near future, both industry and community projects are on hold indefinitely.  This has affected our ability to raise operational funding for our office and to recruit new jobs and businesses to the area.  Regional relationships have been damaged due to the inability to meet and exchange information and ideas.  Education and workforce programming is challenging due to illness and restrictions and even infrastructure expansions have been put on hold either due to cost overruns or labor shortages.  

Q11. Top Three Concerns:
Long and Short Term Organizational Funding
Local and regional quality of life
Lack of project financing

How Participation in Program Will Address Concerns:

I believe this course will give me the tools to lessen the impact of COVID-19 on the present and future operations of our organization, as well as give all of us fresh perspective going forward.


COHORT INSTRUCTION

Q12. Applying as a Proposed Cohort? No

Q13. Executive Director or CEO Will Participate in the Program? Yes

Q14. Top Two Choices for Cohort Instruction:

Course #1 Choice: 1-Long-term Financial Management

Course #2 Choice: 2-Fundraising

Q15. Desired Course Schedule for Cohort Instruction:

#1 Desired Course Schedule: 1-Fall 2020: 11-Week Course (Nov. 9, 2020 -Jan. 24, 2021)

#2 Desired Course Schedule: 2-Winter 2021: 10-Week Course (Jan. 25. 2021 – Apr. 4, 2021)


APPLICATION SUBMITED BY:

Name: Lisa H. Baker Baker, Project Director

Application Approved by Organization Director or CEO? Yes, Approved by Executive Director/CEO

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