delmar loop social impact hackathon
TRANSCRIPT
Agenda
• Data• Problem Statement• Solutions• Implementation & feasibility
• Community Impact• Conclusion
Data
Source: Towncharts.com
Total Self-Employed Individuals
North
South
Delmar
Self Employed People by Industry
Service dominated North
Diversity south of Delmar
Problem Statement
Entrepreneurship is perceived as impossible
Financial and resource barriers
Wealth flows south of divide
Mission Statement
• Help underprivileged members of the STL community start their own businesses• Bridge the economic gap by redistributing
wealth in hopes of spurring entrepreneurship
Pop-Up Program
• 6-12 months mentorship program• 5-6 startups supported in rotation each year • Buying vacant spaces on the loop, renovating,
and leasing to new startups
Pop-Up Program
Newcomer Pitches
Community invests in & supports
entrepreneur
Guidance & Consulting
Business & Individuals Mature
BuildMentorship Network
Pop-Up Program
84%
Feasibility - Entrepreneurship
87% of entrepreneurs succeedwhen they go through incubators
of entrepreneurs stay in the communitiesthey start in
Community Impact
*Expected financials from infodev.org**Assuming 100% wealth transfer
$6 Million
$3 Million 2x
Tax Revenue over investment lifespan*
Annual Revenue Per Capita Income Growth**
Newcomer Pitches
Community invests in & supports
entrepreneur
Guidance & Consulting
Business & Individuals Mature
BuildMentorship Network
AppendixSource: infodev.org
• Companies funded through an incubator achieve revenues of $600K/year
• Total Revenue = # businesses*yearly revenues = 5*600,000 = $3M
• Valuation = Total Revenue of all for(loop) businesses in Year 1 = $3M
• Population in 63133 zip code (North of Delmar) = 8,000 people
• ∆ Per Capita Income = Valuation / Population = 3M/8K = $375/person Or an increase of 3.125% in Per Capital Income
• Current income increase is only about 1%, so we would DOUBLE the growth in per capital income
• $30*estimated investment of $200,000 = $6M in tax revenues
Website tour
• Check out https://github.com/chad2212/match_loophack to download and interact with the site• Table of content• Hompage• About Us• Voting Ideas• A page within “Voting Ideas”• Sponsored Ideas• A page within “Sponsored Ideas