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Launch My City
Category: Microcredit | By SDR, 27-Jun-2017 | Viewed 588  Comments 0 | Source Matthew Kane
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Launch My City

Visionary, businessman & website builder Matthew Kane

offers the following insights into Economic and Community Development in the "Developed World".

While micro-credit has a strong 30 year track record in the developing world, there are not many models of successful programs that offer access to capital and community support to low-income and minority entrepreneurs in the United States and other developed countries. 

Rotarians in Detroit developed an effective model called Launch Detroit in 2013 based on 4 key components: Business Training  -  Micro-loans - Mentors - Networking.  This strategy proved effective not only in Detroit but also in Atlanta (2015) and Raleigh, NC (2017) as Rotary Clubs learned they could partner with local community leaders to provide training and resources necessary to help minorities and low income entrepreneurs be successful. 
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Launch Detroit

I asked myself a key question: "Would other cities be interested in creating a - Launch My City"? Based on the success in Detroit, Atlanta and Raleigh, I recognized this new model could indeed help dozens of cities across the world develop Launch programs of their own. So I created a powerful Resource Kit at www.LaunchMyCity.org  that can successfully transport this program to your city. The Rotary International Convention in Atlanta provided the perfect venue for launching this new initiative as I joined an exciting one hour RAGM panel of Microfinance Pioneers for an afternoon breakout session. The website, created by my Rotarian son Ryan Kane, identifies 6 key partners who can work with you to help bring this idea to life. 

1)

Education Partner:

  This might be a Community College or local University with a passion for entrepreneurship and serving the under-served.   

2)

Rotary Club Partner:

Rotarians are not expected to have all the answers  but rather to play three important roles: invite the partners to serve alongside you, be the catalyst to keep group momentum, and be the cheerleader when things don't always go according to plan!

3)

Community Development Partner:

This is someone who is deeply networked in the community who can identify the key problems and the players who can help develop a solution. 

4)

Financial Partner

To help build a Loan Pool, create a loan application and procedures  to lend the money and collect the payments. 

5)

Mentor Partner:

This partner helps identify the role and expectations of the mentor and helps find caring and experienced mentors.

6)

City Leader Partner:

City leaders are always looking for new ways to nurture entrepreneurship in their community as they welcome vitality, tax revenue and new jobs these entrepreneurs bring. Your city or county may offer to provide meeting space, funding, PR support and speakers for your program.

In addition to helping you identify the 6 Key Partners in your community, this website also includes promotional ideas, student applications, forms and timelines designed to save you time, energy and money. 

This is a rewarding and sustainable program that can bring enthusiasm to your club and address critical needs in your community. 

See the Domestic Microcredit Presentation at the RAGM Annual General Meeting during the Atlanta Convention:

https://www.facebook.com/Rotary7710/videos/1618552741551691/?fref=mentions

Matthew Kane
mattkane@nc.rr.com

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