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PLDG Funding Deck

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PLDG Funding Deck

  1. 1. THE PAUL L. DUNBAR GROUP EMPOWERING A SELF-SUSTAINING EAST SPENCER COMMUNITY
  2. 2. VISION The Paul L Dunbar Group will create sustainable community and economic development in the Town of East Spencer and Rowan County North Carolina. PLDG will accomplish this through small business growth, entrepreneurial initiatives, vocational training and educational endeavors, targeted mix-used land development and the establishment of an affordable housing market. These initiatives will be at the heart of every effort to revitalize the community MISSION PLDG will be the leading advocate for underserved minority communities, using both a tried and true public-private partnership while creating a new vehicle for communication and coordination with the PLDG Non-Profit Hub Model.
  3. 3. The Paul L Dunbar Group – PLDG - 501c3 – Non-Profit organization - Named after American Writer & the communities closed high school - Creating sustainability & development - Skills training - Economic development - Job placement - Community collaboration - Affordable housing - Infrastructure development 1872 – 1906 Born to Former Slaves First African American to gain recognition for and support himself by writing
  4. 4. The Town of East Spencer was incorporated in the early 1900’s and many of the residents were instrumental in the development of the Southern Railroad in this part of the state. In its earlier days, East Spencer was known as “The Southern City” because of its vibrant community, which boasted well-paying jobs, businesses, and a thriving community. With a population of 1,534, East Spencer is located on 1.6 square miles at the extreme northeast end of Rowan County. The city is in the very heart of what is known as the “Piedmont Industrial Triangle”. The “Piedmont Industrial Triangle”, offers citizens and corporate partners vast opportunities to access market potential. As of the census of 2000: * there were 697 households, and 450 families residing in the town. * The population density was 1,115.3 people per square mile (431.6/km²). * There were 796 housing units at an average density of 505.8 per square mile (195.8/km²). * The racial makeup of the town was: - 85.81% African American - 11.79% White - 1.20% Hispanic or Latino - 0.17% Native American - 0.06% Asian - 0.06% Pacific Islander - 0.91% from other races The median income for a household in the town was $18,947, and the median income for a family was $22,222. Males had a median income of $23,203 versus $21,801 for females. The per capita income for the town was $10,180. About 32.2% of families and 35.8% of the population were below the poverty line, including 47.4% of those under age 18 and 27.5% of those age 65 or over. (Source: East Spencer Wiki)
  5. 5. PLDG Community Private Sector Public Sector Non-Profit Community NON-PROFIT HUB MODEL Community Collaboration / Needs Sustainable Revenue through Economic Development Public/Private Partnership for Infrastructure Development Non-Profit Activation / Skills Training
  6. 6. PHASE 1 • Job Skills • Economic Development • Real Estate • Community Center PHASE 2 • Affordable Housing • Private Infrastructure • Retail • Basic Services PHASE 3 • Public Infrastructure • Commercial • Multi-Unit Housing • Credit Union PHASE 4 • Industrial • Moderate Income Housing • Recreation PLDG PLANNED PHASES
  7. 7. DUNBAR VILLAGE & THE PAUL L. DUNBAR COMMUNITY CENTER The foundation of the PLDG mission is the Paul L Dunbar Community Center. LIVE ~ WORK ~ PLAY
  8. 8. THE PAUL L. DUNBAR COMMUNITY CENTER To establish the foundation for the Dunbar Village, PLDG and Good People, LLC will partner to develop the old Dunbar High School property. The community center will play a vital role in the revitalization of East Spencer. The Community Center will house the following: • Food Pantry / Soup Kitchen • Recreation Center • Women’s Crisis Center • Emergency Crisis Center • Emergency Shelter PROGAMS START-UP BUDGET $900,000
  9. 9. AFFORDABLE HOUSING
  10. 10. REAL ESTATE ACQUISITION PLAN
  11. 11. Dunbar School, $2,500,000 Organic Food Center, $2,000,000 Dunbar Conference Center, $2,500,000 Live/Work Center, $1,500,000 Women's Shelter, $400,000 Auto Center, $1,000,000 Business Center, $1,200,000 Sports Plex, $2,500,000 Land Acquistion , $1,000,000 Dunbar School Organic Food Center Dunbar Conference Center Live/Work Center Women's Shelter Auto Center Business Center Sports Plex Land Acquistion REAL ESTATE START-UP INVESTMENT $14,600,000
  12. 12. REAL SKILLS – REAL JOBS REAL OPPORTUNITY
  13. 13. PLDG SKILLS DEVELOPMENT PROGRAMS 1) Home Builders Institute – Pre-apprenticeship certification training 2) Auto Technician Academy – Entry level auto mechanic training 3) Digital Media – Entry level skills in Graphics, Animation, Audio, Video, and Web Design 4) Entrepreneurial Business Program – Real world business skill development START-UP BUDGET $625,000
  14. 14. ECONOMIC DEVELOPMENT
  15. 15. ECONOMIC DEVELOPMENT PARTNERS ORGANIC FOOD PRODUCTION CENTER • Dream Bean Products • Sun Water • Archie Farms • Smith Farms • Scott Organics • The Community Kitchen 360 Painting CTi Maintenance Made Simple ProLift Doors emBroiderMe Sign-A-Rama Jon Smith Subs Hygentitech ES Lawn Scapes DBS Contractors DUNBAR BUSINESS CENTER • Property Management Inc • DBS Staffing • Dunbar Studios • PLD Lead Generation • Southern Call Services • PLDG Business Development • RRD Enterprises Fidelity Management Strategies • America’s Tax Office DUNBAR AUTOMOTIVE CENTER • Run Right Auto Repair • Superior Tire & Wheel • CarQuest Auto Parts
  16. 16. ECONOMIC DEVELOPMENT START-UP INVESTMENT $1,000,000 $500,000 $1,000,000 $600,000 $500,000 $500,000 $1,000,000 $500,000 $375,000$300,000 $500,000 $200,000 $150,000 $1,200,000 $75,000 $850,000 $115,000 $115,000 $175,000 $175,000 $50,000$100,000 $250,000 $400,000 $400,000 $600,000 $11,630,000
  17. 17. INFRASTRUCTURE DEVELOPMENT
  18. 18. REVENUE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 Real Estate $ 261,637 $ 1,560,342 $ 1,560,342 $ 1,560,342 $ 1,560,342 Economic Development $ 502,718 $ 1,916,748 $ 2,045,623 $ 2,132,503 $ 2,401,748 Infrastructure $ - $ 142,740 $ 142,740 $ 142,740 $ 142,740 Grants $ 450,000 $ 1,125,000 $ 1,000,000 $ 1,250,000 $ 1,125,000 Corporate Contributions $ 250,000 $ 400,000 $ 500,000 $ 350,000 $ 400,000 GROSS REVENUE $ 1,464,355 $ 5,144,830 $ 5,248,705 $ 5,435,585 $ 5,629,830 Cost of Goods TOTAL REVENUE $ 1,464,355 $ 5,144,830 $ 5,248,705 $ 5,435,585 $ 5,629,830 EXPENSES General & Administrative $ - $ 124,159 $ 272,507 $ 135,975 $ 164,790 0.00% 2.41% 5.19% 2.50% 2.93% Sales & Marketing $ 10,983 $ 38,586 $ 39,365 $ 40,767 $ 42,224 0.75% 0.75% 0.75% 0.75% 0.75% Operations $ 146,436 $ 2,164,483 $ 2,099,871 $ 2,118,559 $ 2,137,983 TOTAL EXPENSE $ 157,418 $ 2,237228 $ 2,411,743 $ 2,295,300 $ 2,344,997 Loan Payment $ - $ - $ 1,405,649 $ 1,405,649 $ 1,405,649 NET OPERATING FUNDS $ 1,306,937 $ 2,817,602 $ 1,431,313 $ 1,734,636 $ 1,879,184 Additional Principle Payments $ 1,500,000 $ 1,500,000 $ 1,500,000 FIVE-YEAR PRO FORMA
  19. 19. START-UP BALANCE SHEET ASSETS LIABILITIES & NET WORTH Current Current Cash $ 300,000.00 Accounts Payable $ 300,000.00 Accounts Receivable $ - Notes Payable $ - Pre-Paid Expenses $ 3,015,000.00 Accurred Payroll $ - TOTAL Current $ 3,315,000.00 Current Portion of Long-term Debt $ - TOTAL Current $ 300,000.00 Non-Current Equipment $ 1,200,000.00 Long-Term Investment $ 11,630,000.00 USDA Debt Principle $ 30,445,000.00 (Less Depreciation) $ - Equipment Loan Principle $ - Property $ 14,600,000.00 TOTAL Long-Term $ 30,445,000.00 TOTAL Non-Current $ 27,430,000.00 TOTAL LIABILITIES $ 30,745,000.00 TOTAL ASSETS $ 30,745,000.00 NET WORTH Equity $ - Retained Earning $ - TOTAL NET WORTH $ - TOTAL LIABILITIES & NET $ 30,745,000.00
  20. 20. THE PAUL L. DUNBAR GROUP EMPOWERING A SELF-SUSTAINING EAST SPENCER COMMUNITY Q&A NEXT STEPS

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