Economic Growth Business Incubator
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Description
Our Mission:
EGBI provides training, coaching, and support to aspiring and existing business owners who face barriers to growing a successful business.
Our Vision:
We believe that all businesses should be profitable, sustainable, and an asset to the community.
Our Values:
Be inspiring
Leadership
Trust & Honesty
Cultural Diversity
Resourceful & Strategic
Deep & Caring Relationships
What We Do:
Incorporated in 2010, the Economic Growth Business Incubator (EGBI) provides training, coaching, and support services to aspiring and existing business owners who face barriers such as language, knowledge, and finances. We provide all of our services in both English and Spanish. We work long term with clients to help them through issues and opportunities including technology challenges. Our services include workshops around topics such as bookkeeping, virtual office space, 1:1 coaching and more – with programming provided by volunteers and staff. To make our work as accessible as possible, many of our services are free or largely subsidized by community partners. We work long term with clients to help them through issues and opportunities, including challenges with technology. Across the organization's programming work, over the 2021 calendar year, we have spent 238 hours training community members and 781 hours consulting with small business owners. Throughout and after our work with clients, they have generated over $43M in revenue, created 268 part-time jobs and 400 full-time jobs.
In 2021, EGBI provided services to over 400 aspiring and existing business owners: 84% people of color (predominantly Hispanic and African American) and 74% female. Eighty-seven percent of clients registering for our classes reported their household incomings at 80% or below Austin’s median family income. We provided over 200 hours of training and over 750 hours of coaching. Through our bookkeeping services, EGBI was able to assist 54 businesses to get their books organized to understand their financial position better.
To learn more about EGBI's programming, clients and partners, visit the links provided below:
- Learn more about Economic Growth Business Incubator here.
- Learn more about Economic Growth Business Incubator's clients here.
- Read EGBI's 2021 Impact Report here.
About the Opportunity:
The Economic Growth Business Incubator seeks a visionary and relational Executive Director who will set a vision for EGBI’s future and inspire staff, board, clients and partners. The ideal candidate will develop and deepen collaborative partnerships with clients, community organizations, donors, foundations and public entities.
The Executive Director will have significant experience in relationship building with stakeholders, excellent communication skills, and a deep understanding of the needs of small businesses from diverse and historically under resourced communities. They will bring experience working with teams, setting a strategic vision and developing sustainable funding models.
Reporting to the Board of Directors, the Executive Director will have strategic, financial, programmatic, and operational responsibilities for EGBI including oversight of an annual operating budget of $560,000 and a team of 4 staff plus interns. The organization is ready to embark on its next stage of strategic growth and will be embarking on a strategic planning process in collaboration with the newly hired Executive Director. This opportunity comes with the ability to help set the future strategic vision for the organization in collaboration with board leadership, staff, clients, and community partners. This position is hybrid and based in Austin, Texas.
Key Priorities and Responsibilities
Fund Development, Financial & Operational Oversight
- Creative and entrepreneurial approach to revenue generation that maintains current funders, donors, and partners and accesses previously untapped support, experience developing sustainable business models through revenue lines like those mentioned
- Lead development strategies that will ensure consistency throughout the organization and enhance revenue from corporations, donors, foundations and government agencies
- Oversee the financial status of the organization including developing long-term and short-range financial plans, monitoring the budget and ensuring sound financial controls are in place
- Set financial priorities accurately to ensure the organization is operating in a manner that supports the needs of programs and staff
Relationship Building & Communication
- Possess effective interpersonal and communication skills to build and grow relationships with funders, staff, board and other stakeholders
- Foster a culture of collaboration and partnership throughout the organization
- Inspire others and effectively advocate and share the impact EGBI has in the community
- Ability to build rapport and foster collaboration with staff, board, clients, community partners that will successfully translate into measurable growth in the organization's programmatic outcomes, funding, and overall development
- Experience with EGBI's clients (small businesses from diverse and historically under resourced communities)
Strategic & Visionary Leadership
- Provide inspirational leadership and direction to all staff and reinforce a culture of empowerment, innovation and accountability that empowers staff to perform at their best, bring content experience fully to bear and drive them to action
- Ability to articulate an inspiring vision to a diverse range of stakeholders
- Experience with strategic planning, measuring impact and executing strategic plans
- Knowledge to guide, direct and motivate team members and to establish strategic goals that meet the current and future needs of the organization
Executive Leadership
- Confidently and consistently oversee the day-to-day operations and organizational administration of EGBI, to minimize obstacles, and advocate for resources that ensure short and long-term success
- Implement best practices in nonprofit management, planning, communications, and fundraising to meet ambitious goals and ensure sustainable development in programming, funding, and operations across the organization to attain strategic goals
- Drive excellence while inspiring EGBI staff and board to galvanize collective talent and efforts to grow organizational impact
- Effectively communicate both financial and programmatic results to a Board of Directors
- Cultivate a strong and transparent working relationship with the Board of Directors
Qualifications
The ideal candidate is a visionary and inspirational leader that builds collaborative relationships internally and externally with a deep commitment and passion for the mission of EGBI and experience building sustainable business models.
EGBI invited feedback from staff, board, clients, funders and community members to identify the top competencies and attributes they would like to see from the Executive Director:
- Effective Communicator
- Strategic thinker and leader
- Financial acumen
- Relationship builder
The stakeholders also identified the most important experiences and strengths of an Executive Director, which include:
- Developing partnerships
- Deep knowledge and experience with the communities that EGBI serves (small businesses from diverse and historically under-resourced communities)
- Fundraising and revenue generation
- Developing and executing a strategic plan
The Executive Director will lead and oversee the organization's operations, financial performance, talent & human resources, and ensure programs are effectively implemented across the organization. The ideal candidates will have a background and experience in leadership, effective relationship building and fundraising skills, a strong understanding of financial management and passion for the community EGBI serves.
All candidates considered for the position must have the following basic qualifications:
Basic Qualifications
- A combination of education and experience in nonprofit administration, business management, organizational development or similarly related areas.
- Previous experience at the executive or senior management level, ideally managing teams and multiple functions within an organization
- Experience relationship builder with a proven track record bringing in resources to an organization (fundraising, grants, resource management, development, contracts, etc.)
Preferred Qualifications:
Top candidates meeting basic qualifications will also have:
- Deep experience vision-casting, building and executing strategic plans as well as managing staff and board work plans to meet goals
- Experience with building and maintaining relationships with foundations, government entities and corporations
- Accomplished in managing financial statements, budgets and financial oversight
- Experience with fundraising, development and/or relationship building
- Excellent and effective communicator with ability to clearly articulate to diverse stakeholders
- Passionate about the communities EGBI serves (small businesses from diverse and historically under-resourced communities)
Highly Desired Qualifications:
In addition, EGBI would also prefer:
- Experience with and knowledge of the needs of small businesses
- Bilingual in English and Spanish (as majority of EGBI's clients are also Spanish speakers)
Compensation
Salary is competitive and commensurate with experience. The projected salary for this role is $72-85K annually including yearly bonuses based on results. EGBI also offers healthcare insurance, employer investment into a retirement vehicle, life insurance, paid time off, and paid vacation.
Equal Opportunity Employer/Non-Discrimination Statement:
Employment at EGBI and subsequent transfer or promotion will go to those individual whose training and expertise most nearly qualify them for the positions offered without regard to race, color, sex, age, disability, national origin, veteran status, or citizenship.
How To Apply
To Apply:
Please submit your resume, three references and a cover letter expressing your interest in the position and fit for the role through our application link by Tuesday, January 31st 2023.