Baton Rouge, New Orleans area Business Briefs for August 22, 2021 | Business
The program helps new farmers at risk
The LSU AgCenter received a federal grant for a series of webinars, workshops and farm tours aimed at training new farmers, especially in finance and marketing, to make them more risk resilient.
The Southern Extension Risk Management Education grant was awarded by the United States Department of Agriculture. The amount was not declared.
The financial component emphasizes financial literacy; accurate and informative financial statements; the use of corporate budgets and partial budgets; agricultural lenders and non-traditional lenders; and land rental and access to land. The workshops will focus on computer accounting programs, grant writing and loan applications.
The marketing component focuses on market diversification and horticultural crops, as well as direct marketing opportunities such as farmers’ markets, community-supported agricultural programs, farm-to-restaurant, and online platforms to increase marketing. awareness of local market opportunities.
Project collaborators include local farmers Allison Guidroz, of Fullness Farm, and Madeline Yoste, of Compostella Farm; representatives of state agencies from the Natural Resource Conservation Service and the Louisiana Department of Agriculture and Forestry; as well as horticultural extension officers First South Farm Credit, SPROUT NOLA and LSU AgCenter.
b1Bank launches a corporate foundation
b1Bank launched a foundation led by Will M. Campbell Jr. as a director, providing education and economic development support to entrepreneurs and small businesses as part of its community outreach efforts.
Campbell has over 27 years of experience in the financial services industry and has held a number of positions including Vice President of Commercial Loans and Director of Small Business Administration Loans and was Director of Louisiana Small Business. Development Center at Southern University.
The B1 Foundation will provide one-on-one counseling and in-person and virtual training to help small business owners gain the knowledge they need to access capital. Training will include breaking the loan code, business planning, planning for growth, preparing for credit, and understanding financial statements and legal structures. The foundation will also support financial literacy and education in b1Bank markets.
Business First Bancshares Inc., through its subsidiary b1Bank, operates 42 banking centers and two loan processing offices in the Louisiana and Dallas area markets.
“The essence of b1Bank is to support local businesses and the growth of entrepreneurship,” said Jude Melville, president and CEO of b1Bank. “The launch of the b1 Foundation is the next step in b1’s larger-scale business development and community engagement efforts.
SOWELA opens welding facilities in Oakdale
SOWELA Technical Community College has opened a welding classroom and refurbished workshop at the college’s Oakdale site in Allen Parish.
Welding courses are available at the three SOWELA sites.
The renovated 2,242 square foot Oakdale workshop has 24 booths and can accommodate 24 students in the nearly doubled workspace. The new 777 square foot classroom can accommodate 20 students. In addition to the booths and the classroom, there are new technologies available to welding students, including plasma cutters, Promethean boards, and computers.
Information is on www.sowela.edu.
The CIS subsidiary signs a management agreement
A subsidiary of the Cardiovascular Institute of the South in Houma has entered into a management partnership with the Midwest Cardiovascular Institute, owned by 20 Chicago physicians and based in the cities of Naperville and Elmhurst, Illinois.
Cardiovascular Logistics of Chicago’s management agreement also includes strategic planning, quality performance improvement and operational efficiency of the cardiovascular service line at Edward Hospital in Naperville and Elmhurst Hospital in Elmhurst, both part of the Edward-Elmhurst health system. CIS also co-manages the cardiac catheterization laboratories of the two hospitals. In addition, a virtual care center, inspired by the CIS center in Lafayette, will be built in Naperville.
In addition to the Edward-Elmhurst Health agreement, CIS has entered into 11 hospital co-management agreements in Louisiana and Mississippi.