ST. LOUIS BLACK LEADERSHIP ROUNDTABLE
LADUE CHAPEL ECONOMIC DEVELOPMENT INITIATIVE
Mission – Implement Goal Number
Three of the St. Louis Black Leadership
Roundtable: develop programs conducive to African-American economics to
be carried out in partnership with elected officials, the Urban League,
the NAACP, St. Louis Minority Business Council, RCGA, Civic Progress,
colleges and universities and others who can impact the economic
development of African-Americans.
Purposes – (i) provide minority businesses with the opportunity to
access information, capital and relationships to increase, expand and
improve economic results; (ii) provide a forum for business owners to
share their experiences; and (iii) increase access to business
opportunities for suppliers and contractors.
A. Hold monthly meetings for
information, networking and relationship
Organizational Next Steps
B. Develop a pool of talent with information about business experience,
size, type of business and areas of experience.
C. Recruit and retain the services of a mentor-manager to link minority
business entrepreneurs with mentors (minority and majority) to improve
business performance, access to capital and contracting opportunities.
D. Develop a cadre of funding sources – angel investors, venture
capital, governmental funds and other sources (traditional and
non-traditional) of funds who will be able to provided needed capital
for minority-owned businesses.
E. Establish Roundtable Mentorship Group (RTMG).
A. Appoint steering committee –
minimum 10 people; convenor, note-taker. Establish estimated date
for start-up (or continuation).
1) Seek to implement Goal Number Two of the St. Louis Black Leadership
Roundtable: Facilitate fifteen substantial business opportunities for
African-American businesses with major corporations?
2) Leadership chair, vice chair, secretary, other?
3) Place for meeting?
4) Who, how monthly networking & presentations will be conducted;
how to involve new attendees, entrepreneurs, mentors and visitors?
5) Management for talent file?
6) Marketing – word of mouth; develop membership?
8) Training, standards for mentoring?
9) Set priorities; limits; parameters; group? – attendance by
10) Should we establish a separate legal entity? Board of Directors?
Reporting to Roundtable and Ladue Chapel?
1) Capital Committee (acquire
information on available funding
resources, requirements for access, develop relationships with lenders).
3) Meeting & Marketing Committee (plan & implement monthly
meetings; design & implement marketing plan).
4) Mentoring Committee (maintain
files; become familiar with and
develop memorandum of understanding of individuals & their files;
update file; recommend and mentor pairings; mediate).
5) Business Opportunities Committee.
6) Consider obtaining the assistance of a “loaned executive.”