Aug 31, 2006

SBTC releases its 2nd Annual Report

• Delivered 24 in-depth management consulting projects to Southside companies and assisted 40 + companies;
  
• Generated $22,285 in revenues from client fees;
  
• Provided 4,094 consulting hours to Southside businesses;
  
• Recruited and trained 5 interns from local colleges and 10 Virginia Tech student interns to work on SBTC consulting projects;
  
• Hired two additional full time staff employees to manage the client demand that was higher than originally anticipated;
  
• Received its independent 501 (c) (3) status from the IRS;
  
• Received additional grant funding for FY 06-07 from the Virginia Tobacco Indemnification and Community Revitalization Commission (TICRC) in the amount of $75,000;
  
• Received additional funding for a three year-period to cover SBTC rent from the Lucy P. Sale Foundation in the amount of $30,000;
  
• Developed its three-year Strategic Plan; 
  Expanded SBTC Board of Directors membership.