International Profit Associates President Participated in BCLC Forum
IPA-IBA president participated in the Business Civic Leadership Center (BCLC) forum to identify key factors affecting private sector involvement in the Gulf Coast reconstruction process.
Buffalo Grove, IL, April 18, 2006 --(PR.com)-- International Profit Associates (IPA-IBA) President Gregg M. Steinberg participated in the Business Civic Leadership Center (BCLC) forum, “The Role of the Private Sector in Gulf Coast Recovery,” in New Orleans March 23-24.
The forum identified key factors affecting private sector involvement in the Gulf Coast reconstruction process, useful resources and strategies for future implementation, and the next steps needed to advance the economic recovery process. The forum was created for business and chamber leaders, government officials and disaster aid partners concerned about the economic recovery of the areas affected by hurricanes Katrina and Rita.
Featured speakers included the Honorable Sandy K. Baruah, Assistant Secretary of Commerce for Economic Development; Maura W. Donahue, Chair of the Board of Directors, U.S. Chamber of Commerce and President of DonahueFavret Contractors Holding Company; Donald Powell, Coordinator for Recovery and Rebuilding in the Gulf Coast, Office of the Secretary, U.S. Department of Homeland Security and executives from area chambers of commerce and economic development agencies.
Conference topics included: the national interest in Gulf Coast recovery and reconstruction, which provided a personal and governmental view; an analysis of key issues affecting Gulf Coast reconstruction—reported from Booz Allen Hamilton; the national perspective on Gulf Coast reconstruction as seen by the local chambers; and the role of the private sector and jumpstarting investment in order to rebuild.
The featured session, The Role of the Private Sector, was led by International Profit Associate’s President Gregg Steinberg; Jeffery Finkle, CEcD, President and CEO, International Economic Development Council; Mark Pinsky, President and CEO of Opportunity Finance Network.
Steinberg discussed specific facts about small business, the impact of Hurricane Katrina and Rita and the need for a change in the methodology regarding how those businesses are dealt with in terms of the disaster. The discussion addressed the issue that 919,000 businesses were affected by the disasters and only 1.7% of them were approved for Small Business Administration loans. Of that 1.7%, only one-twelfth of those dollars had actually been distributed.
“If the government wants to help small businesses recover from disasters, they must eradicate the usual interagency and private/public sector bureaucratic red tape,” said Steinberg. “There must be a flexible, pre-approved and appropriated response plan customized to the needs of small business. Without it, the hope of preserving economic viability in disaster affected areas is slim at best.”
The Business Civic Leadership Center (BCLC) is a 501(c)3 affiliate of the U.S. Chamber of Commerce, the world's largest business federation. BCLC's mission is to advance the positive role of business in society. They work with leaders from business, government and non-governmental organizations to address and act on shared goals. The overarching goal is to help build good will, good relations and good markets by focusing work on current issues that affect businesses from a social and economic standpoint. The BCLC helps build good will and addresses social issues that concern business, including corporate social responsibility, nonprofit and social service effectiveness, globalization, education and disaster assistance. It was founded in May 2000 as the Center for Corporate Citizenship (CCC) and stemmed from the U.S. Chamber of Commerce's informal creation of corporate public service coalitions and the fact that corporate citizenship was an emerging area of business management strategy.
International Profit Associates, Inc. (IPA-IBA), the largest privately held management consulting and professional services firm for small and medium size businesses in North America, is a leading authority on small business. With more than $225,000,000 in annual revenues, IPA-IBA is the 6th largest management consulting company in Chicago and the 61st largest consulting company in the world. IPA-IBA offers a wide range of proven and innovative methodologies to help businesses grow and prosper. International Profit Associates and its alliance partners, including Integrated Business Analysis, Inc. (IBA), International Tax Advisors, Inc. (ITA), Accountancy Associates, LLC (AAL) and IPA Advisory & Intermediary Services, LLC (IPA A&I), provide comprehensive business advisory services and tax strategies to companies in the United States, Canada and other locations worldwide. Additional information is immediately available by visiting http://www.ipa-iba.com, http://www.iba-usa.net, http://www.internationaltaxadvisors.com, http://www.accountancyassoc.com/ and http://www.aiservices.com. The Public Relations Department may be contacted at: telephone (847) 495-6786; facsimile (847) 495-6773.
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The forum identified key factors affecting private sector involvement in the Gulf Coast reconstruction process, useful resources and strategies for future implementation, and the next steps needed to advance the economic recovery process. The forum was created for business and chamber leaders, government officials and disaster aid partners concerned about the economic recovery of the areas affected by hurricanes Katrina and Rita.
Featured speakers included the Honorable Sandy K. Baruah, Assistant Secretary of Commerce for Economic Development; Maura W. Donahue, Chair of the Board of Directors, U.S. Chamber of Commerce and President of DonahueFavret Contractors Holding Company; Donald Powell, Coordinator for Recovery and Rebuilding in the Gulf Coast, Office of the Secretary, U.S. Department of Homeland Security and executives from area chambers of commerce and economic development agencies.
Conference topics included: the national interest in Gulf Coast recovery and reconstruction, which provided a personal and governmental view; an analysis of key issues affecting Gulf Coast reconstruction—reported from Booz Allen Hamilton; the national perspective on Gulf Coast reconstruction as seen by the local chambers; and the role of the private sector and jumpstarting investment in order to rebuild.
The featured session, The Role of the Private Sector, was led by International Profit Associate’s President Gregg Steinberg; Jeffery Finkle, CEcD, President and CEO, International Economic Development Council; Mark Pinsky, President and CEO of Opportunity Finance Network.
Steinberg discussed specific facts about small business, the impact of Hurricane Katrina and Rita and the need for a change in the methodology regarding how those businesses are dealt with in terms of the disaster. The discussion addressed the issue that 919,000 businesses were affected by the disasters and only 1.7% of them were approved for Small Business Administration loans. Of that 1.7%, only one-twelfth of those dollars had actually been distributed.
“If the government wants to help small businesses recover from disasters, they must eradicate the usual interagency and private/public sector bureaucratic red tape,” said Steinberg. “There must be a flexible, pre-approved and appropriated response plan customized to the needs of small business. Without it, the hope of preserving economic viability in disaster affected areas is slim at best.”
The Business Civic Leadership Center (BCLC) is a 501(c)3 affiliate of the U.S. Chamber of Commerce, the world's largest business federation. BCLC's mission is to advance the positive role of business in society. They work with leaders from business, government and non-governmental organizations to address and act on shared goals. The overarching goal is to help build good will, good relations and good markets by focusing work on current issues that affect businesses from a social and economic standpoint. The BCLC helps build good will and addresses social issues that concern business, including corporate social responsibility, nonprofit and social service effectiveness, globalization, education and disaster assistance. It was founded in May 2000 as the Center for Corporate Citizenship (CCC) and stemmed from the U.S. Chamber of Commerce's informal creation of corporate public service coalitions and the fact that corporate citizenship was an emerging area of business management strategy.
International Profit Associates, Inc. (IPA-IBA), the largest privately held management consulting and professional services firm for small and medium size businesses in North America, is a leading authority on small business. With more than $225,000,000 in annual revenues, IPA-IBA is the 6th largest management consulting company in Chicago and the 61st largest consulting company in the world. IPA-IBA offers a wide range of proven and innovative methodologies to help businesses grow and prosper. International Profit Associates and its alliance partners, including Integrated Business Analysis, Inc. (IBA), International Tax Advisors, Inc. (ITA), Accountancy Associates, LLC (AAL) and IPA Advisory & Intermediary Services, LLC (IPA A&I), provide comprehensive business advisory services and tax strategies to companies in the United States, Canada and other locations worldwide. Additional information is immediately available by visiting http://www.ipa-iba.com, http://www.iba-usa.net, http://www.internationaltaxadvisors.com, http://www.accountancyassoc.com/ and http://www.aiservices.com. The Public Relations Department may be contacted at: telephone (847) 495-6786; facsimile (847) 495-6773.
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International Profit Associates
Jennifer Cumbee
847-495-6786
www.ipa-iba.com
Jennifer Cumbee
847-495-6786
www.ipa-iba.com
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