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EDC IMPLIMENTATION SCENARIOS:

Discuss Proactive & Responsive options

 

EDC staff thinks a local business may be in trouble based on observed or general information.  Such as: Fewer customers seen, loss of a business partner, illness of the owner, new owner of a struggling business, etc.

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  • EDC refers an individual business to Pebble Plan to complete recovery planning.

    • EDC can pay.

    • EDC can pay, and reduce any additional support provided by the amount of the plan cost.

    • EDC can reimburse business owners once a completed plan is submitted or proof of completed plan is provided.

      • Business owner uses Pebble Plan to create a recovery plan. 

        • If additional support is available, EDC can use recovery plan to determine suitability or amount.

        • If additional support is not available owner may not want to reveal the details of their company’s problems.

PROACTIVE SCENARIO 1:

Proactive EDC suggestion based on a perceived need. ​

 

When EDC staff thinks a local business may be in trouble based on observed or general information.  Such as: Fewer customers seen, loss of a business partner, illness of the owner, new owner of a struggling business, etc.

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  • EDC refers an individual business to Pebble Plan to complete recovery planning.

    • EDC can pay.

    • EDC can pay, and reduce any additional support provided by the amount of the plan cost.

    • EDC can reimburse business owners once a completed plan is submitted or proof of completed plan is provided.

      • Business owner uses Pebble Plan to create a recovery plan. 

        • If additional support is available, EDC can use recovery plan to determine suitability or amount.

        • If additional support is not available owner may not want to reveal the details of their company’s problems.

PROACTIVE SCENARIO 2:

Proactive EDC suggestion based on a likely business disruption event. ​

 

When EDC staff is aware of a certain or likely events that would/will negatively affect one or more businesses in the community and may cause job losses or business closures.  Such as: Loss of a large employer or resource, addition of a large competitor, extended traffic interruption, etc.

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  • EDC refers an individual business to Pebble Plan to complete recovery planning.

    • EDC can pay.

    • EDC can pay, and reduce any additional support provided by the amount of the plan cost.

    • EDC can reimburse business owners once a completed plan is submitted or proof of completed plan is provided.

      • Business owner uses Pebble Plan to create a recovery plan. 

        • If additional support is available, EDC can use recovery plan to determine suitability or amount.

        • If additional support is not available owner may not want to reveal the details of their company’s problems.

PROACTIVE SCENARIO 3:

Proactive client request for help based on a recognized need.​

 

When a local business owner recognizes that they need help maintaining their sales, services, staffing, etc and asks the EDC for help.  Such as:  A local business that has experienced a business disruption event, a local business that has resisted change and is struggling to serve a new or changing market, someone who bought a business not knowing some of its problems, etc.  

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  • Individual business initiates support request via a button on the EDC website. 

    • Business owner completes brief online intake application to filter applicants based on EDC determined criteria.

      • The intake application will show the impact their business problems have had so far as well as potential future impact.  Lost sales, revenue, jobs, hours, etc.

      • Pebble Plan provides report to EDC on a per use basis billed against reserve account. – EDC only pays for completed / submitted reports

    • If the situation meets criteria, the EDC refers the business to Pebble Plan to complete recovery planning.

      • EDC can pay.

      • EDC can reimburse business owners once a completed plan is submitted or proof of completed plan is provided.

    • Business owner uses Pebble Plan to create a recovery plan and explain to the EDC how they got off track, and what they are changing to get back on track.

      • The EDC decides if they want to provide additional financial support.

      • If additional support is authorized, the recovery plan becomes the basis for measuring performance. 

        • Support could take multiple forms, i.e., a multi-stage grant or forgivable loan based on deliverables identified in the recovery plan.

        • If they don’t do the work, they don’t get additional support.

RESPONSIVE SCENARIO 1:

Responsive EDC suggestion based on a specific business disruption event.  

 

When a specific business disruption event has affected one or more businesses and the EDC wants to help the affected businesses get back on track quickly, while preventing secondary disruptions that could lead to further job or business losses.  Such as:  Natural disasters, civil unrest, government intervention / lockdown, market collapse, widespread logistical interruptions, etc.

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  • EDC makes individual or group referral to Pebble Plan to complete recovery planning. 

    • EDC can pay.

    • EDC can pay, and reduce any additional support provided by the amount of the plan cost.

    • EDC can reimburse business owners once a completed plan is submitted or proof of completed plan is provided.

      • Business owner uses Pebble Plan to create a recovery plan. 

        • If additional support is available, EDC can use recovery plan to determine suitability or amount.

        • If additional support is not available owner may not want to reveal the details of their company’s problems.

RESPONSIVE SCENARIO 2:

Responsive EDC suggestion or requirement based on a specific business’s performance.    

 

When an EDC has a relationship with a business that has already received an incentive or financing, and the business is either struggling or not meeting its performance commitments / targets. 

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  • EDC refers the business to Pebble Plan to complete recovery planning.

    • EDC can pay.

    • EDC can add the cost of planning to the obligation of the client or reduce future incentive(s) accordingly.

    • EDC can require that the client pays because they have not complied with commitments.

      • Business owner uses Pebble Plan to create a recovery plan. 

      • EDC evaluates the plan to see if the proposed changes are likely to produce the desired results.

        • If additional support is available, EDC can use recovery plan to determine suitability or amount.

        • If additional support is not available owner may not want to reveal the details of their company’s problems.

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