The Business Development Company
Contact: Peter Dorsey, President
Phone: (401) 351-3036
Resource(s) Available: The Business Development Company provides capital to promising companies whose financing needs exceed available bank debt and equity. The Company has the experience to evaluate and respond to the unique merits of each opportunity. Loans from $100,000 to $500,000 include term debt, SBA loans, subordinated debt, and lines of credit. Larger loan amounts are possible through syndication. Typical uses include expanding product lines or geographic territory, investments to improve efficiencies, acquisitions, and debt restructures.
Career One Stop
Resource(s) Available: The U.S. Department of Labor’s Employment and Training Administration has launched a helpful new Web portal to help job seekers match their current skills to new careers and find out what training is needed to transition from one job to another. This new online tool is called “mySkillsmyFuture” and can be accessed at http://www.myskillsmyfuture.org/. Users will be able to view local job postings and locate training and education providers. They also will be able to find descriptions, salary information and common job tasks associated with a new occupation.
The new site’s features include:
Detailed information about occupational skills that can be transferred from one job to another.
A side-by-side comparison chart of likely skill gaps from one occupation to another.
Links to local training programs that are available to help fill skill and knowledge gaps.
Additionally, users will be able to find opportunities for short-term training programs provided by local community colleges and other postsecondary schools. They can find career-specific details about obtaining credentials such as certifications, licenses and apprenticeships. Users also will be able to view and apply for job postings by ZIP Code or state. Job listings are from a national database and will be updated daily.
MySkillsmyFuture includes an integrated help system with page-by-page instructions and videos to enhance the user experience. The online program is based on data from the U.S. Department of Labor’s Occupational Information Network, known as O*NET, and the National Labor Exchange. Data from O*NET includes the required knowledge, skills and abilities for more than 900 occupations, which helps identify transferable skills and skill gaps among different occupations. The National Labor Exchange is a service of the Direct Employers Association, a nonprofit consortium of more than 550 leading U.S. corporations.
Rhode Island Department of Labor and Training
Business Workforce Center
Resource(s) Available: The Rhode Island Department of Labor and Training matches hiring businesses to qualified candidates with appropriate skill sets; customizes recruitments and job fairs to individual businesses or industries; connects businesses to applicable grants and tax credits; provides information on the labor market intelligence and training opportunities; offers Rapid Response services during employee transitions; and guides businesses to services available through other government agencies.
Rhode Island Economic Development Corporation
Resource(s) Available: The Rhode Island Economic Development Corporation provides direct access to state economic and business resources including finance, export trade, federal procurement and marketing. The RIEDC calls on local businesses to facilitate better business/state communications.
Rhode Island Procurement Technical Assistance Center
(401) 278-9100 x172
Resource(s) Available: The Rhode Island Procurement Technical Assistance Center provides small businesses with training and one-on-one counseling in doing business with federal, state, and local governments. This is a free service to all RI businesses with at least two years of commercial experience and e-Commerce capability.
Rhode Island Small Business Development
Center @ Johnson & Wales University
Regional Director - Newport County/East Bay
Newport Chamber of Commerce
35 Valley Road
Middletown, RI 02842
400 Hope Street
Bristol, RI 02809
Resource(s) Available: The Rhode Island Small Business Development Center provides businesses (under 500 employees) services including presenting training seminars and workshops in business planning, marketing, financing, and other business subjects. Free consulting is provided to clients by professional consultants in all aspects of business.
*Funded in part through a Cooperative Agreement with the U.S. Small Business Administration
Service Corp of Retired Executives (SCORE)
John P. Collins
Resource(s) Available: SCORE is a 50 plus year old nationwide organization affiliated with the Small Business Administration. SCORE volunteer councilors are retired executives and former business owners. Our mission is to provide start-up and small business with resources and expertise to tackle various business challenges. We work closely with the Small Business Development Center. Please call for an appointment.
South Eastern Economic Development Corporation (SEED)
Resource(s) Available: As a regional nonprofit economic development corporation, South Eastern Economic Development (SEED) Corporation focuses on job creation by financing all types of small businesses in Massachusetts and Rhode Island. SEED makes loans ranging from a $1,000 Micro Loan to a $5.5 million SBA 504 Loan and also administers a small business technical assistance program.