BACOM

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Urban Economic Development Association (UEDA)
of Wisconsin
2212 North Dr. Martin Luther King Drive
Milwaukee, WI 53212
Phone: (414) 562-9904
Fax: (414) 562-9906
Email: info@uedawi.org

BACOM

What is BACOM ?

The Business Assistance Caucus of Milwaukee (BACOM) is an affinity group of public and nonprofit agencies and private consultants, working together to develop business assistance to central city entrepreneurs and business owners.

From 2003-2006 UEDA convened BACOM members and assisted them in:
1) Building capacity to provide business development services, and
2) Coordinating support for Initiative for a Competitive Milwaukee (ICM).

These capacity building activities included, but were not limited to:
1) Sharing resources through presentations, printed materials, and website;
2) Establishing systems for referrals to technical "experts";
3) Bringing training opportunities and expert speakers to providers, and;
4) Meeting nonprofit governance and management standards

Who is BACOM?

BACOM was a collaborative group of organizations that worked together to strengthen operational effectiveness to Small and Entrepreneurial Businesses. Today, UEDA continues to provide these capacity building services and technical assistance through its membership activities.

BACOM TOOL KIT

Under the leadership of UEDA and the BACOM Steering Committee, the Business Assistance Resource Guide was published in August of 2005. This issue lists twenty-nine business assistance providers and relevant resources.

The following tools were developed subsequent to a comprehensive study of failed and successful small business ventures in Milwaukee. They have been developed with the intent to aid technical assistance providers and business owners with the process of creating a business plan and growing a business.

The tools will help you learn how to ask the right questions of clients, how to keep track of client contacts, and how to avoid repetition. These forms will make it easier for the lender to understand the business plan and make their work go faster.

TOOL	USED BY	DESCRIPTION
Business Readiness Interview Form	Tier I	This form minimizes repeated collection of basic client information when referring a client other TA resources. It also helps guide staff through initial interviews with new clients. It helps identify the TA assistance required for clients and gauge their business readiness.
Business Referral Sheet	Tier I	A sheet that gathers basic information allowing TA providers to quickly refer clients to other resources by faxing this sheet. (i.e. loan resources). This form saves owners time by avoiding repetitive data gathering by multiple resources.
Business Startup Flowchart	Tier II	A flowchart and checklist to help guide TA provider and business owners through key start-up milestones and to make sure all important points in the process are covered.
Business Technical Assistance Plan	Tier II	A list of questions that help identify areas requiring technical assistance. This form provides spaces to list the TA planned and referrals made to help prioritize the delivery of assistance.
Business Preparation Checklist	Tier II & III	A checklist to help design an individualized assistance plan for a business and its owner(s) during their development efforts. This is a way to simplify the process of creating an assistance plan and target it to the specific needs of a particular business.

www.milwaukeestudy.org is another invaluable resource to outcomes, information, and tools from the study "Entrepreneurial Lessons from Past Urban Business Experiences" and is being maintained to help gather feedback.

ASK A QUESTION
If you have any questions or comments about BACOM, please feel free to contact us at: (414) 562-9904 or info@uedawi.org .

List of Organizations providing services to Small & Entrepreneurial Businesses

30th Street Industrial Corridor Corporation (30th Street ICC)

Burleigh Street Community Development Corporation (BSCDC)

Layton Boulevard West Neighbors (LBWN)

Lincoln Neighborhood Redevelopment Corporation (LNRC)

Lincoln Village Business Association (LVBA)

Lisbon Avenue Neighborhood Development (LAND)

Local Initiatives Support Corporation (LISC)

Marquette University Center for Family Business

Menomonee Valley Partners (MVP)

Midtown Neighborhood Association (MTNA)

Milwaukee Economic Development Association (MEDC)

Milwaukee Department of City Development (DCD)

Milwaukee Enterprise Centers (MEC)

Milwaukee Urban League (MUL)

National Association of Minority Contractors (NAMC)

North Avenue Community Development Corporation (NACDC)

Riverworks Development Corporation (RDC - formerly Northeast Milwaukee Industrial Development Corporation)

Northwest Side Community Development Corporation (NWSCDC)

Urban Economic Development Association of Wisconsin, Inc. (UEDA)

US Small Business Administration (SBA)

UWM Small Business Development Center (SBDC)

West End Development Corporation (WEDC)

Wisconsin Manufacturing Extension Partnership (WMEP)

Wisconsin Women's Business Initiative Corporation (WWBIC)

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Mission Statement:

UEDA supports housing and economic development initiatives that revitalize Wisconsin communities. We build capacity in the housing and economic development field through professional training, innovative solutions, policy advocacy and collaboration.