Thursday, September 9, 2021

Delta County Business Development Monies-USDA Seeks Applications to Spur Job and Economic Growth in Rural Areas


There are monies available for U.P. businesses. Specifically Delta County Michigan is an under developed location with beautiful waterfront, affordable downtown commercial buildings, and lots of outdoor recreation. Those interested in starting a new business might want to consider the 200K ish to buy and start a business in downtown Escanaba or Gladstone. The area is in the process of being developed and some positive changes have also encourage local governance to make some adjustments to improve upon the business climate (DC Start Ups and Esky-Glad Downtown). 

From a theoretical perspective this piece would be part of the financial and non-financial aspects of drawing business interest to the area. Local governments may also want to consider adjusting their websites to attract business and investment interests. DC Financial Info.

The following was taken from Congressman Bergman's 1st District newsletter. 

Washington - The United States Department of Agriculture (USDA) Deputy Under Secretary for Rural Development announced that the department is accepting loan and grant applications for projects that create jobs and economic growth in rural communities. Funds are being made available under the Rural Economic Development Loan and Grant (REDLG) program.


Through the REDLG program, USDA provides zero-interest loans and grants to Rural Utilities Service (RUS) Electric Program and Telecom Program borrowers who will use the funds to help local businesses finance projects that will create and retain jobs. Projects must be located in rural areas or towns with a population of 50,000 or less.


Funds may be used to support:


• business startup costs;

• business expansion;

• business incubators;

• technical assistance feasibility studies;

• advanced telecommunications services and computer networks for medical, educational and job training services; and

• community facilities projects that spur economic development.


Eligible applicants include current, former and potential borrowers of Rural Development's Electric Program and Telecommunications Program.


Applications are being accepted continuously with funding competition deadlines on Sept. 30, 2021; Dec. 31, 2021; March 31, 2022; and June 30, 2022.


Applications submitted no later than 4:30 p.m. local time on the deadline dates to the USDA Rural Development State Office where the project is located and will compete for the available REDLG funds in that quarter.


Interested applicants are encouraged to contact their local USDA Rural Development State Office well in advance of the application deadline to ask questions about their project, the program or the application process.


Additional information is available on page 50015 of the Sept.7, 2021, Federal Register. If you’d like to subscribe to USDA Rural Development updates, visit our GovDelivery subscriber page


Below is from the USDA Website


What does this program do?
The Rural Economic Development Loan and Grant program provides funding for rural projects through local utility organizations. USDA provides zero-interest loans to local utilities which they, in turn, pass through to local businesses (ultimate recipients) for projects that will create and retain employment in rural areas. The ultimate recipients repay the lending utility directly. The utility then is responsible for repayment to USDA.
 
USDA provides grants to local utility organizations which use the funding to establish Revolving Loan Funds (RLF). Loans are made from the revolving loan funds to projects that will create or retain rural jobs. When the revolving loan fund is terminated, the grant is repaid to USDA.
 
Who may apply to this program?
To receive funding (which will be forwarded to selected eligible projects), an entity must be:
  • A former Rural Utilities Service borrower who borrowed, repaid or pre-paid an insured, direct or guaranteed loan.
  • Nonprofit utilities that are eligible to receive assistance from the Rural Development Electric or Telecommunication Programs.
  • Current Rural Development Electric or Telecommunication Programs borrowers.
What is an eligible area?
Intermediaries may use funds to lend for projects in rural areas or towns with a population of fewer than 50,000 residents. 
How much funding is available to local utilities?
  • Up to $300,000 in grants may be requested to establish the Revolving Loan Funds.
  • Up to 10 percent of grant funds may be applied toward operating expenses over the life of the Revolving Loan Fund.
  • Up to $1 million in loans may be requested.
 
The local utility applies to USDA for funding support on behalf of specified local projects. Projects may begin after an application is submitted, but there is no guarantee of approval. USDA funds are issued to the local utility at project completion.
 
What are the terms for the local utility?
  • 10 years at 0 percent interest.
  • Grants require a 20 percent match from the local utility.
  • Grants must be repaid to USDA upon termination of the Revolving Loan Fund.
How may funds be used?
The local utility passes the funding to ultimate recipients for such eligible projects as:
  • Business incubators.
  • Community development assistance to nonprofits and public bodies (particularly for job creation or enhancement).
  • Facilities and equipment to educate and train rural residents to facilitate economic development.
  • Facilities and equipment for medical care for rural residents.
  • Start-up venture costs, including, but not limited to, financing fixed assets such as real estate, buildings, equipment or working capital.
  • Business expansion.
  • Technical assistance.
 
NOTE: 7 CFR, Part 4280.27 and 7 CFR, Part 4280.30 list ineligible uses.
 
How much funding is available to business and community borrowers (the ultimate recipients) through the Revolving Loan Fund?
An ultimate recipient may request up to 80 percent of project costs using these funds, with the remainder provided by the ultimate recipient or the local utility.
 
What are the terms on the loan to the ultimate recipient?
  • The interest rate is 0 percent.
  • Up to 80 percent of project costs; 20 percent must be provided by the ultimate recipient or the local utility.
  • The local utility may incorporate interest rates or administrative loan fees after the funds have been loaned out and revolved once. First-time loans are at 0 percent interest.
  • Repayment may be deferred up to two years for projects including a start-up venture or Community Facilities project.
How do we get started?
Applications for this program are accepted through your local office year-round. You should work with your local office to acquire the documents needed to submit an application.
 
Who can answer questions?
Contact your local office.
 
What law governs this program?
  • Basic Program – Code of Federal Regulations, 7 CFR, Part 4280.
  • Loan/Grant Servicing – Code of Federal Regulations, 7 CFR, Part 4280 and 2 CFR Part 200.
  • This program is authorized by the Rural Electrification Act of 1936.
Why does USDA Rural Development do this?
Rural Development undertakes this program in order to promote rural economic development and job creation projects.
 
NOTE: Because citations and other information may be subject to change, please always consult the program instructions listed in the section above titled “What law governs this program?” You may also contact your local office for assistance.
 

Why Business Students Should Understand and Apply Theory (Industry-University Co-Development)

 Theory is one of those things that helps us understand the bigger picture but in and of itself must rely on working knowledge of how things function on the ground. One of the criticisms of higher education is that students might come with theory but not with practicality. Some of that is related to experience and some of that to exposure. Learning to apply theory within advance business education helps to make practicality out of what would considered "pie in the sky" thinking. 

Let me say theory is not useless. It helps us create a mental model of how something works. When someone understands theory they are able to create abstractions of events in order to better adjust the factors toward a more beneficial end. 

There are some theories that have been consistently tested to have a level of accuracy and in turn are able to be used by most practitioners with working knowledge. Other theories are unknown and obscure and may only partially explain events. The practical and theoretical can be best buds!

Innovative environments lead to new theories and models that help to explain what is occurring. Graduating students that hope to work in innovative environments should have both practical knowledge and theoretical knowledge in a way that leads to actual application. 

Industry specific knowledge can be helpful when students know the type of field they want to work in. As our economy innovates and there are greater pressures for new products and outcomes one will also want to think about helping graduating students move helpful theories into practical application within their workplace (one might also say take practical theories found in business and then create working models that can be taught to other students. Its a reciprocal process.)

Greater connection between industry and business will help not only discover new theories forming within business but also be able to develop, test and share those theories in other places. 

Wednesday, September 8, 2021

September 18th 2021 Capitol Rally of Concern to Authorities-Justice for J6

 I'm watching this video and protests are expected around the capitol and am concerned about a dangerous underbelly that has been given a free hand over the past 20 years. The most concerning part of this is the discussion that they may hit Jewish Centers and other liberal outlets while police are preoccupied with the capitol issues. There is some discussion on the Capitol Police Board and what security measures they will make. Planning for multiple scenarios. (This is where strategy is important.)

Just a few thoughts. First I would say that security of the Capitol is important and planning for what might be expected and for multiple unknowns is important (If the 💩 hits the fan being in the place of most options is beneficial) . Its helpful to be flexible and have the right people in place to not only protect the capitol but also to have mobile police units that can be used to either support the capitol and/or deal with issues that arise on the streets (Not to mention removable security perimeter fencing, appropriate equipment support, significant undercover officers with group disruption capabilities i.e. smoke, flash and LRAD, and multiple methods of building extraction.). 

Secondly, attacking Jewish centers is not what this country stands for. As a Muslim-Catholic conservative (with lots of liberal personal friends) I'm appalled that we still think like that and we are allowing the voices of hate to spread (Meaning ways to handle hate at the community level. There is a strategy to local involvement because it doesn't appear to be from top down but from bottom up engagement as a total national organism. Federal engagement can be an additional support when needed.). We may have our own way of living and worshiping but attacking others for their faith is anti-American at its core. Whatever, our political beliefs are we must not seek scapegoats for political/social anger! 

I'm sorry to hear that the Jewish people are being put in harms way because of the radical beliefs of some (Why we need our politicians to find a better way of handling insurrection and extremism issues.). I hope very much that we are able to manage these issues (and hopefully everything is peaceful.) before they become bigger issues down the road. Its time to find ways to handle domestic terrorism issues in ways that are forceful and helpful to our long term national unity. Our values of protecting other's ability to worship as they see fit as essential to our universal American principles (No matter the religion or the perpetrators.). 

Does Weaker Consumer Demand Help the U.S. Market?

I'm reading a Bloomberg article entitled 'How Weaker Consumer Demand Could Help the U.S. Economy' by Karl Smith. There is some discussion on 2022 being a stronger year. The article further discusses a decrease in consumer demand and less pressure on wages that decreases inflationary pressure. Its a great article and it got me thinking about wages and investments in innovation. 

The best of both worlds is that those who want to find a good job while at the same time being pushed to develop our wearable technologies, robotics, and other production enhancements. Strong wages and improved productivity can go well together in finding that balance between improving labor's economic share while at the same time being able to draw additional international investment interest. 

Our next national path is likely to be based in our ability to improve on our human capital through education/training and labor enhancements that increase manufacturing diversity and keep costs competitive. Technology and ability can lead to attracting businesses that want to be on the leading edge of manufacturing and have the skilled labor to make it happen. 

I'm thinking about what we would look like as an advanced manufacturing nation (cutting edge products and cheaper mass production regional/allied partners). It would mean highly skilled labor, new investments, new manufacturing technologies and next generation products that eventually move to mass production (Maximizing R&D returns and creating a longer tail for taxes and wages. Thus, improving the ability to reinvest in our infrastructure further to create net positive returns that enhances business growth and international draw.)

Either way, the article is thought provoking and the author does a great job sort of thinking out of the box on these issues. I suspect that if a new variant of COVID doesn't arise to slow us down the pressure could push us to adjust upward in our development as a re-emerging manufacturing powerhouse.  Let us see what 2022 brings us....we are almost there! I think 2023 will be a very interesting year for U.S. business interests.

Delta County Firefighters Help Train With Other Departments

Volunteers Training
Every community needs firefighters and a dedicated crew of first responders. Delta County is a rural place with beautiful waterfront and lots of opportunity. Full time firefighters are often connected with local public safety and a wider group of volunteers. Escanaba Township Fire Department engages in a lot of free training for and with the other departments in the area. The department is centrally located and often donate older equipment to small area departments when they can raise enough funds to buy newer equipment. 

For example, they received a donated truck but need to cover the expenses so that is an opportunity to get a placard on it or something showing your company's patronage. So if your a company and/or government entity that has a few extra bucks Escanaba Township Fire Department would be one of the best places to donate (I keep thinking a regional training yard for police, fire departments, and other uses would be helpful but that is just an opinion. One would have to get into the feasibility issues. We are located next to the National Forest, Water, Ice, Rural, etc...making for multi environmental training opportunities.). Many of the other departments would also be more than willing I'm sure to update their equipment and training opportunities. Volunteers are also needed!

FEMA offers helpful resources and articles on firefighting fatalities and statistics. FEMA Research


Tuesday, September 7, 2021

Escanaba City Hall Thursday September 2nd 2021-Parking and Development

Off street parking requirements will limit the types and kinds of business. In this case, it make sense to remove the requirements if we want a robust commercial and retail district. There are lots of different kinds of business and not all of them need specific spaces. You want to create as much foot and bike traffic as possible as they get to see the business store fronts and improve the aesthetic appeal. What we can say is that being flexible in some of our business approaches will attract people to the area (Let us not forget that COVID taught us about using parking spaces in different ways such as dining as well.)

My idea on how to attract businesses downtown. Rebuilding the Downtown, Start Ups Delta County, Neuroeconomics and Venture Capitalism Delta County.

Some discussion on water treatment grants and other city activities. 

Our Two Biggest National Threats Post Afghanistan? (Decision Making and Human Capital Management)

Over the course of the last 10 years we have seen politics splinter into divisiveness and become highly contentious to the point that it risked our ability to navigate a complex and evolving environment. No business can maintain its leading edge if it is unable to make decisions that lead to strategic market adjustments. While this is a nation, and not a business, you will find similar principles apply as an entity that must find optimal economic value and performance in a global world. We have revenue coming in (tax and interest) and we have expenses (costs and programs) that must be paid. Without proper decisions our expenses rise and our revenue declines because we are not able to make those bi-partisan decisions that help us over come our challenges. Furthermore, without maximizing our human capital we are limited in our ability to innovate our products and environment to overcome larger international challenges. 

Inability of Congress to Make Complex Decisions for the Widest Societal Stakeholders

The Pew Research Center
has some interesting statistics
on political polarization. 


The world is a complex place and the digital economy will even be more complex making decisions by qualified individuals difficult (Likely required to rely on "intellectuals", doctors, and specialists.). Add on top of that political dysfunction and we are seriously limping along at a time we should at least be jogging. Many of the digital age concepts will be beyond the reach of the average person and the average politician for a long time until they have learned to live within that type of economy. It will take years for some members to sort of grasp how things like global supply chains, legislation, infrastructure, tax systems, law enforcement, culture, information networks, and human nature all influence the outcome of a country/company (Infrastructure Development)

The indecisive nature of party politics mixed with a fast paced complex evolving economic platform with a highly competitive adversary(s) (i.e. China as our economic competitor and Russia as our intelligence competitor.) nipping at our heels while we are struggling with social instability because we haven't put our essential American principles in the forefront of our decisions. Thus we will be plagued by 1.) Lacking of decisions and 2.) Human capital mismanagement which are the two broad strengths that make everything else possible (i.e. environmental adaptability and maximizing of strength comes from evidence based decision making within the time frame such decisions would be most effective. Environmental Scanning) matched with the skills that can meet those challenges.

To overcome that we need more Systems ThinkingBusiness Intelligence, Strategic Decisions, Global Mindset, Socially-Emotionally Intelligent Leaders and some more.

You may also be interested in reading the article "'A train wreck': Congress faces a daunting September as deadlines pile up"

Human Capital Management

Our second biggest threat is likely our difficulty to maximize our American human capital through universal principles that prompt people to engage and perform. China will focus on building controlling structures to maximize labor (They may seek innovative pockets but will likely struggle based on cultural factors so they will likely rely on foreign companies and investments. I don't know...sounds plausible. 😕) through treating people like units thereby limiting in the long run worker innovation and in turn long term national performance. Top down management and ideas will only get them so far. Success comes from matching strong theoretical knowledge and practical experience with innovation that can also come from the bottom (highly skilled workers and stronger labor management practices.)

Can we find ways to nationally
motivate our population?
"The pursuit of happiness"
Expectancy Theory

The U.S. will seek to innovate and in turn flatten its structures but boost its human capital development. As online education, digitization, etc... occurs there will be more people to engage, crowd share, learn, and participate in varying ways to national development .  Highly skilled workers can create innovation bottom up type practical adaptations that can be matched and applied through theory to other areas across the organization and global structure (Assuming we can get unions and companies to think about how labor and management are structured together to maximize human capital. Labor can be part of the process of limiting natural constraints in the system. Theory of Constraints

The Chinese will do well in cost and manufacturing of basic products but the U.S. will do better with new products and can with advanced technology maximize the efficiency and innovative variability (i.e. mech robotics and industrial body equipment.). Our success will rest on our ability to create innovative environments that churn out new ideas and products that can be used for U.S., Mexico, Canadian, and allied manufacturing (supply chains. See Theory of Transactional Innovative Clusters and Attracting Global Firms Delta County).

There are many factors that increase 
human performance. A poor environment will 
limit performance. (Job Motivation)

See H.R.1280 - George Floyd Justice in Policing Act of 2021 (I'm not advocating for or against because we shouldn't need a bill to do the right thing when it comes to how we treat people in our communities. I also support good officers and departments and have no issues challenging poor officers and corrupt behaviors. However, if we need a law that removes poor employees and actors beyond what is currently written in our departmental policies so be it. We should have already known better before social upheaval and it shouldn't take riots to get people to think about it. Its not even about this specific event in history because its about diversifying all of our institutions and ensuring basic protections; especially against those who are trying to circumvent the law as a weaker copy or our national values. We are not a third world nation and we shouldn't act like it! See Greater Responsibilities to Society.)

Classic economic theory, based as it is on an inadequate theory of human motivation, could be revolutionized by accepting the reality of higher human needs, including the impulse to self actualization and the love for the highest values.-Abraham Maslow

Where We Are At Now?

We are at a place in history where we have a powerful competitors and a shift in the international markets that will have a big influence on America's future. Its an opportunity for the U.S. to regain its position or slide into the #2 spot thereby leaving open a door to further national decline (Blind optimism and exceptionalism doesn't always work when practical action is needed. See Rational Optimist). We have relative poor performance by our political parties to negotiate in good faith and resolve problems that are practical and move us down the line in our national development. Balance in decision making seems to be lacking and that is a big problem/risk factor for our nation (and future opportunities for these law makers kids and grand kids.). While the world is becoming complex that doesn't mean they can't work in a bi-partisan manner to resolve these issues (If there is no will there is no way!). 

The other issue we face is a lack of will to enforce the Constitutional rights of the people prompting 50% of society that the laws will not protect them from mistreatment and that engagement in the official economy doesn't necessarily serve their best interests (i.e. people dropping out of the market or moving to shadow markets where the payoffs are higher. As corruption rises the economy declines.). Thus, people may work out of necessity but they are not at their best performance because the environment itself is prompting them they have lower value. (For example, we want to make sure the law is applied fairly, corruption is rooted out, and our basic Constitutional rights aren't thwarted for personal, ideological, or ethnic/religious reasons Society must believe our political factions are ready to overcome current or future challenges with "good moral conscious". In other words, national leadership may not have the ability to lead effectively when the environment changes and requires more positive coordinated energy that draws from a diverse set of available skills in the labor market simply because it wasn't capitalized on in the earlier stages of national development. Congress isn't "walking the talk" when it haggles endlessly along party lines over things that should have been resolved 50 years ago. i.e. universalizing our justice system.)

Where we go now is less dependent on the changing market and our ability to 1. make decisions outside of party politics and 2.) maximize our human capital. If we can't make decisions and don't have the skill to implement those decisions, the specifics of these hairline endless debates makes little difference. We elect then to do a job and if they can't then we need to think about letting the next generation take some seats to help create a stronger independent block of voters that can break these party ties in voting gridlock. We are getting to a point in history of "sink or swim" critical thresholds where our lack of decision making will have long-term consequences on our future ability to maintain competitiveness (This is where people should think about who they are electing to what positions. We don't want Congress to let the American people down because they know the answers before they have asked the right questions. Changing our perspective/paradigm shift also changes our assumptions and our choices Economics as Numbers or Behaviors?).  

Side note:

I'm not sure if I will ever run for politics and I may not be qualified because I'm not a "Yes Man/Woman" just because someone tells me I should believe in something and press the voting button they want or they won't support me. We have greater responsibilities to society than that. (Believing in something should be based on evidence that supports a reasonable chain of logic. Where there are unknowns or alternative strategies we should be open to their possible value. That is why not all Republicans are right and all Democrats are right. ). There are responsibilities our politicians have to put aside some of their differences to resolve problems and ensure they are building a better nation (When systems fail themselves.). I would build and support our police and ensure we diversify them and remove corruption and bad actors from the system. I would seek to create fairness across the board and try and "do the right thing" regardless of the costs to my political career. We need new types of leadership that know when its acceptable to argue the hairline ideological fraction of ideas or accept the bigger picture and get the job done! The problem I face is the truth doesn't make you a lot of friends and I haven't mastered the art of "sound byte" wisdom that gets people all excited.