Tennessee State University - Tennessean Yearbook (Nashville, TN)

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NASHVILLE BUSINESS INCUBATION CENTER Carroll V. Kroeger Jennre W. Lemons Director Assistant Director The Nashville Business Incubation Center tNBICT is one of the outreach programs 01 the TSU School of Business. Planning tor the Center began in 1933 between TSU, the Tennessee Valley Authority tTVAT and Growth Enterprises Nashville, Inc. tGEND, a 20-memher group 0f Nashville business persons. This three-way partnership was formed to cement the working relationship between the Unwersdy and the surrounding business community. . . NBIC was formally opened in June 1986 as Nashviile's first business incubators It is located across 10th Avenue North from the primary site of the Avon Williams. Jr., Campus of TSU. The newly constructed buitding has accommodations for 10 small businesses, where such businesses are housed and nurtured through a structured three-year program of operation. The Centers motto, From Acorns to Mighty Oaks, reflects its objectives. to: It produce viable, independent small businesses. thus reversing the tailure rate usually associated with the first three years at operation: 2T assist in job creation, in targeted, economically deprived areas at the city; 3T contribute to the economic stabilization oi the North Nashville community. The NBIC site is in an area traditionally marked by high unemployment and low average per capita income. yet it is readily accessible to the downtown business district. Because it is a portion 01 the Avon Williams Campus, it also serves as a living laboratory for business students to observe and participate in the operation of small businesses. The Center otters below-market rental space. on-site managerialftechnical assistance anti shared support service to its resident businesses. This, in turn. reduces the company's overhead and permits the business to retain more tunds for growth and development. As the companies progress from the Center into the community, a spinett effect should be created through interaction with existing community businesses and. assuming continued growth. more and more employment of area residents and utilization of unused land, buildings, and facilities. NBIC's staff are Director Carroll V. Kroeger, MBA, Vanderbilt UniverSIty, and Assistant Director Jennie W. Lemons. MBA, Tennesse State UniverSIty.

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SCHOOL OF BUSINESS Dr. Tilden Curry Dr. Augustus Bankhead Dean Assistant Dean Professional education ier business leadership is essentially a development associated with this nation and this century. The School of Business at TSU has contributed and continues to contribute to the regional and national business environment by preparing students with essential knowledge in four undergraduate fields iAccounting and Law, Business Administration. Business Education and Ottice Management. and Economics and Financei and on the MBA level. In addition to the Schnoiis traditional objective at providing career preparation through a qualityr program of instruction at both the undergraduate and graduate level. the Schooi also provides technical assistance to members at private firms, public and non-profit agencies. and to the generai public within areas at iaculty and staff expertise. The School of Business also expands the knowledge base in business disciplines through scholariy research by the iaculty and provides assistance to the community through the Tennessee Regional Small Business Development Center. the Smail Business institute, and the Small Business Incubation Center. Students participate in practical, specialized cases relevant to small businesses through the SBDC and the Incubation Center as they prepare today for future business leadership. The School's Otfice 01 Public Service otters non-credit and continuing education credit seminars and workshops as well as negotiates. schedules, and oversees the implementation at training contracts with the local and regional business community. Business students participate in a myriad of business organizations which enables them to develop leadership skilis and the abiiity to relate effectively to ethers. Active business organizations include Delta Mu Delta Nationai Honor Society in Business Administration, Pi Omega Pi National Business Teacher, Education Honor Sesiety. Phi Gamma Nu National Protessional Society in Business, Phi Beta Lambda National Business Fraternity, American Society tor Personnei Administration, the Accounting Clubs and the School 01 Busmess Student Cnaiition. 28

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TENNESSEE SMALL BUSINESS DEVELOPMENT CENTER Dr. Millicent Lownes Director The Tennesse Small Business Development Center tTSBDCT has been established to serve as a focal point tor the coordination of federal, state, local, university. and private resources to aid small businesses. Various resources are used to counsel and train small business owners and operators in dealing with financial, marketing. production, organization. engineering, technical, and other problems relating to the operation of a small business. Clients are also assisted in developing leasibilityr studies. business plans, cash flows, and linancial statements. All counseling assistance turnished by the T8306 is provided at no cost to the client, and all information obtained is held in complete conlidence at all times. OBJECTIVES The basic objectives of the TSBDC are to: Strengthen the small business community in Tennessee Contribute to the economic growth of the areas served Make service available to more small businesses than is now possible with present federal resources; and Create a broader based deliveryr system to the small business community The TSBDC provides tree counseling and advice to small business owners and operators to help them solve organizational. financial. marketing. technical, and other problems that they might encounter. Continuing education and training is another area of service of the TSBDC. The Center operates as an administrative unit for a variety of on and elf campus programs designed to meet specific needs of business and industry. Assaisting small businesses in solving technological problems to tester growth, innovation. increased productwity, and management improvement is an important function of the TSBDCT iii