AMERICAN SAMOA: BOH awards economic stimulus grant to ASCC/SBDC

1/13/2010

Event Polynesia

AMERICAN SAMOA: BOH awards economic stimulus grant to ASCC/SBDC

Source: American Samoa Community College Press Release

This past Thursday, the Small Business Development Center (SBDC) at the American Samoa Community College (ASCC) received a $5000 award from the Bank of Hawaii Foundation, which SBDC will use to fund a program designed to increase opportunities for individuals affected by recent economic circumstances.

During the local 2009 economic downturn caused by the closing of Chicken of the Sea (COS) Samoa Packing and the lay off of several thousand workers, the SBDC created the Economic Development Stimulus Training Program, designed to assist small businesses and individuals who are looking for new jobs with new management skills. The SBDC took its idea to the Bank of Hawaii Foundation, applying for a grant to assist in underwriting the cost of training materials and other resources for calendar year 2010. In October 2009, local BOH Vice President Mr. Hobbs Lowson notified the SBDC that the BOH Foundation would award $5,000 to the Program.

Through the new Economic Development Stimulus Training Program, SBDC and BOH plan to co-sponsor training for 360 individuals during 2010 (and into 2011 if need be). The first ten qualifying students who sign up for the Business Start-Up and Supervisor Training classes each month will receive training and training materials at no cost through the SBDC and BOH co-sponsorship. The SBDC and BOH are currently promoting the Program to the American Samoa community, and they anticipate a significant client response. Over the past four years, the BOH Foundation Program has assisted the SBDC by awarding funds to make the Center handicapped accessible and to add new classroom space. The latest BOH Grant is the first time a major community member has acted to bring much needed world class business and professional skills training to American Samoa.

The SBDC is a non-profit organization established via an annual grant awarded by the US Small Business Administration (SBA) in partnership with ASCC. The SBDC serves both the business and non-business communities in American Samoa and contributes to the education of adults and youth through technology and business related training.

American Samoa Community College Press Release. (2010, January 13). AMERICAN SAMOA: BOH awards economic stimulus grant to ASCC/SBDC. Event piolynesia.
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