From the Asheville Citizen-Times:
Mountain BizWorks, a nonprofit that helps local small businesses start, grow and create jobs through loans, classes and coaching, had a big wake-up call in November, said Siegel, who is on the agency’s board of directors.
The 25-year-old nonprofit suffered a severe liquidity crunch after a drop-off in revenues. Around that time, CEO Shaw Canale resigned, and the nonprofit had to restructure and refocus, which included laying off eight staff members.
…
But in the six months since, the once cash-strapped organization has had the “best six months,” Siegel said.
The organization provided 36 loans to the tune of more than $714,000. It provided more than 650 training hours benefiting more than 185 entrepreneurs and produced more than 150 jobs in the region, not including the number of jobs that have been maintained by resources and programming.
Read the full story here.
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