Access to capital refers to how difficult or simple it is for someone to obtain funds or resources for their business. When starting or running a business, most people want access to capital. Businesses in the United States have access to a variety of funding options. Obtaining funding for a business, on the other hand, can be difficult for anyone, let alone a member of a group that has endured discrimination and bias for decades.
The NSU Innovation Center (NSUIC) and the Small Business Development Council (SBDC) will provide you with information and requirements for acquiring funding, such as grants, debt/loans, equity/investors, and bootstrapping. Additionally, this Access to Capital program will include a non-bank SBA 504 financing program aimed at existing businesses.
Speaker Info:
Bill Holloran
Forty-four-year business and economic development career includes:
Current economic development efforts include Consultant/Counselor work with Small Business Development Center of Hampton Roads, Inc., and the Hampton Roads Chamber of Commerce. I am an active member of the Hampton Roads economic development ecosystem (2020 to present)
Holloran Enterprises, Owner strategic business planning, investment, and consulting firm. Current investments and operations in three businesses. Additional consulting efforts average several projects a year for for-profit and non-profit organizations. Work is principally in the Hampton Roads region of Virginia; (2007 – Present)
• Two successful financial exits
• Member of regional angel investor network
Day & Zimmermann: Senior Vice-President for Strategy, Mergers and Acquisitions, and General Manager duties in Norfolk, Virginia, reporting to the President responsible for strategy development; mergers and acquisitions; and business services for a $1.3 billion industrial energy conglomerate providing engineering, maintenance modification, and specialty contracting to the power industry and government customers. (Day & Zimmermann is the firm that acquired The Atlantic Group); (2006 – 2019)
• Executive management team; growth and expansion experience
• Technology project management
• Mergers; private equity experience
Vice-President for Strategic Planning and stockholder with The Atlantic Group (minority owner), a specialty contractor to the electric utility industry. Reported to the President and a member of the Board of Directors responsible for strategic planning and select operational components of a $300 million managed services contractor serving the electric utility industry and government: (1997- 2006)
• Executive management team; growth and expansion experience, operations, mergers and acquisitions
• Technology project management
• Rasing debt and equity capital including private equity funding (Wall Street, et. al)
• Successful financial exit
Partner in Harrison Investment Company, a management and investment company; (2003-2012)
• Successful financial exit
• Private investor real estate and marina operations
Eleven years with the Hampton Roads Chamber of Commerce and Thomas Nelson Community College serving as Executive Director of the Small Business Development Center (SBDC)). Developed and implemented management assistance, international and financial programs throughout Hampton Roads region to over 2,200 small businesses resulting in an average addition of approximately 300 jobs and additional capital investment of more than $17 million per year. Implemented defense conversion, financial, and technology assistance programs in support of regional economic development efforts including Plan 2007, the Center for Innovative Technology and local municipality economic development departments.
• Comprehensive economic development and entrepreneurial experience
• Extensive consulting and counseling activities
• Served the Hampton Roads and Eastern Shore region of Virginia
Active professional economic development activities have included membership in 757 Angels (network of private investors and business leaders in the Hampton Roads region of Virginia); Angel Capital Association; National Association of Investors; three decade member of the Hampton Roads Chamber of Commerce, including Board service, Vice-Chairman of Small Business, and one of the founding investors in the Chamber’s Political Action Committee; Previous economic development and community activities included member, loan committee Urban Business Development Corporation; Business Advisory Committee, Thomas Nelson Community College; International Education Committee, Thomas Nelson Community College; Board of Regents, Virginia Peninsula Chamber of Commerce Small Business Success Center; Chairman of the City of Hampton’s Retail Advisory Council; Mayoral appointment to Virginia Beach Economic Development Strategic Planning Committee; Mayoral appointment to the Norfolk Task Force on Small Business Financing; Mayoral appointment to chair Committee to review the Virginia Beach Recreational and Boat Ordinance; Mayoral appointment to the 1990 Census Complete Count Committee; Instructor, guest lecturer, and seminar trainer on various business topics at Christopher Newport University, George Washington University, Regent University, Thomas Nelson Community, Virginia Polytechnic Institute and State University, Hampton University, and for the micro-loan program at the Hampton Roads region Center for Community Development. Current member of the National Collegiate Athletic Association and Virginia High School League for officiating activities; active philanthropic efforts have centered on the American Cancer Society, Union Mission, and two national 503© organizations.
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Education: graduate (Bachelors Communications, Honors, Pi Kappa Delta Alumni), Old Dominion University (1985)
Graduate and Certificate, Executive Development Business Program, Old Dominion University, Norfolk, Virginia, (2004-2005)
Graduate of six-year U.S. Chamber of Commerce Institute Certification Program for business and economic development, non-profit management and administration, urban planning, and legislative training, 1992; and a graduate of American International University Trade Specialist School, 1994.
Author and co-author of over 483 articles on economic development and small business topics published in national daily newspapers and trade periodicals.
Married (Theresa), with three sons, Neil, Eric, and Brandon and two daughters Jessica and Baylee; interests include officiating sports, fitness, philanthropic work with Theresa, and investment of family financial portfolio. Business interests force me to, begrudgingly, play golf occasionally.
About the NSU Innovation Center:
The mission of the NSU Innovation Center is to serve as a liaison between Norfolk State University and our surrounding community. The Center’s main goal is to advance entrepreneurship for both aspiring and existing entrepreneurs by providing resources that support sustainable, scalable businesses.
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