Submitted
Truist Foundation Inspire Awards

G00dwill of North Georgia

Team Leader
Emily Carter
Solution Overview & Team Lead Details
What is the name of your organization?
G00dwill of North Georgia
Is your organization registered as 501(c)(3) status with the IRS?
  • Yes
Where our solution team is headquartered or located:
Decatur, GA, USA
Which dimension of the Challenge does your solution most closely address?
  • Connecting small business owners and key stakeholders such as investors, local policymakers, and mentors with the relevant experience to improve coordination, collaboration, and knowledge bases within the small business ecosystem
  • Supporting and fostering growth to scale through comprehensive and relevant technical support assistance such as legal aid, fiscal management for sustainability, marketing, and procurement
What is the name of your solution?
Goodwill of North Georgia's GoodBIZ!
Provide a one-line summary of your solution.
Provides entrepreneurs with personalized business coaching, 12-week curriculum, and a workspace to start and scale their business – at zero cost to the entrepreneur.
What is your solution?

Over the last 5 years, GoodBIZ graduates have started 135 new businesses and created 423 new jobs in Metro Atlanta. All program services and support are provided at zero cost to each entrepreneur. Considering 95% of our GoodBIZ graduates are a racial minority and 73% are female, GoodBIZ graduates are changing our communities.

Our human-centered program design focuses on meeting each entrepreneur where they are. The only criteria necessary to enroll in the program is passion. 

Entrepreneurs receive the following support:

Focused guidance from a dedicated career coach to build professional skills. With the support of a dedicated career coach, each entrepreneur creates a personalized business plan, sets goals and a timeline to achieve each goal.

A network of current GoodBIZ participants and alumni to share resources, collaborate, and communicate lessons learned.

12-week curriculum that covers the topics such as business feasibility, business plan development, marketing, business law, human resources, and intellectual property.

Bankability and Wealth Building workshops lead by banking professionals. Each entrepreneur sets a measurable goal i.e. increase net worth, increase credit score, increase net income. 

Unlimited access to 14 Goodwill Career Centers to conduct interviews, use computers, print, and connect with their career coach. Many GoodBIZ graduates have received ongoing support from Goodwill for 20+ years.

Access to capital and access to market at Goodwill's Battle of the BIZ! pitch competition. At the Battle of the BIZ! GoodBiz graduates compete for up to $10,000 in funding to expand their business.

What specific problem are you solving?

Atlanta is the number one city for income inequality in America. In fact, if a person is born into poverty in Atlanta, there is just a 4% chance of escaping poverty in their lifetime. Across all measures of household financial security, households of color are faring worse than White households in Atlanta (Source: www.atlantawealthbuilding.org). 

Entrepreneurship is one of the best ways to create multi-generational wealth. The problem is Atlanta’s black-owned businesses face disproportionately more obstacles to success. In Atlanta, the median household income for a white family is $83,722 compared to just $28,105 for a black family. The inequities continue for black entrepreneurs in the city where the average African American-owned business is valued at $58,085, nearly 11 times less than the average value of a white-owned business at $658,264 (Source: 11Alive, ‘Is Atlanta really Wakanda?,’ Aug. 26, 2020). 


A recent study by Frontiers in Education shares entrepreneurs who completed a training program had significantly higher entrepreneurial alertness and efficacy levels compared to those who did not go through training. The problem is that the average training program is cost prohibitive to many entrepreneurs. In the United States, the average tuition & fees of the entrepreneur studies program are $5,705 for in-state residents. 

Explain how the problem you are addressing, the solution you have designed, and the population you are serving align with the Challenge.

At Goodwill we serve the jobseekers who need us most. In Goodwill’s GoodBIZ program we focus on the growth, development, and sustainability of minority owned and women-led small businesses. Over the last 5 years, GoodBIZ graduates have started 135 new businesses and created 423 new jobs in Metro Atlanta. Considering 95% of our GoodBIZ graduates are a racial minority and 73% are female, GoodBIZ graduates are changing our communities.

The curriculum of the GoodBIZ program focuses on supporting micro-businesses. Definitions vary, but typically a micro business is a type of small business that employs fewer than 10 people. Size and scale are the main differences between a micro business and small business—micro businesses often function as sole proprietorships and earn less than $250,000 annually.

 

Who does your solution serve, including demographics, and how does the solution impact their lives?

Target population of the GoodBIZ program is individuals with significant barriers to employment. Of the population served 90% are low-income individuals. The program serves people receiving public benefits, people with disabilities, veterans, justice involved jobseekers, non-custodial parents, senior citizens, and people experiencing homelessness. Financial cost and transportation to most entrepreneur training programs are a significant barrier for the population served. 

Goodwill takes the time to understand the needs of the population served through our one-on-one coaching sessions. Goodwill of North Georgia provides connections to childcare services and assistance in navigating public benefits. Goodwill Career Centers are accessible by public transportation and transportation stipends for ride share companies are provided when needed.  


Our network of GoodBIZ participants and graduates provide valuable feedback to each Goodwill career coach. Through on-going communication our GoodBIZ program evolves and changes each session to meet the needs of our community through changing times. 

Demographics: 

Age: 
65 years and up - 6%
25-64 years -76%
18-24 years – 18%

Gender: 
Female – 73%
Male – 27%

Race: 
African American – 83%
Hispanic – 5%
Multi-Racial – 3%
American Indian – 3%
Asian – 1%
White – 5%

Is the solution already being implemented in at least one of the Truist Foundation’s target geographies: North Carolina, South Carolina, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana, Texas, New Jersey, Ohio, Pennsylvania, Washington, D.C., Delaware?
  • Yes
If your solution is already being implemented, list which of the above US state(s) you currently operate and include those states not listed

Georgia 

Is your organization’s mission to help launch small businesses and/or to sustain small businesses?

Goodwill's mission is to put people to work. The GoodBIZ program for entrepreneurs is an integral part of our mission to put people to work. 

What is your theory of change?

Need: In Atlanta, black entrepreneurs face an uphill battle. The average African American-owned business is valued at nearly 11 times less than the average value of a white-owned business.

Desired State: Black-owned business overcome structural obstacles and thrive in a supportive ecosystem and gain value.

Activities

Minority owned business owners and aspiring entrepreneurs enroll in GoodBIZ and become participants

Goodwill career coaches plan and execute 12 Week GoodBIZ workshops at Career Centers across Metro Atlanta 3 times per year

GoodBIZ participants and GoodBIZ alumni network in person at career centers and through group communication channels to share resources, collaborate, and communicate lessons learned.

Participants engage in Bankability and Wealth Building workshops offered every Wednesday and Friday

Participants conduct business at 14 Goodwill Career Centers

Participants sign up for Goodwill's Battle of the BIZ! pitch competition

Outputs

Entrepreneurs gain competency in running a successful business

Increase in racially diverse or women-led small businesses in Metro Atlanta

Increase in goods and services provided in the community

Business scale to a point where they are earning a profit

Businesses scale to a point where they are creating jobs

Public gains awareness of Goodwill’s GoodBIZ programs and more entrepreneurs enroll

Short Term Outcomes

80 percent of participants will successfully complete the GoodBIZ program

60 percent of graduates will start a business 

20 percent of the business starts will create new jobs

Long Term Outcomes

This excerpt from the Brookings Institute study, “To expand the economy, invest in Black businesses,” outlines the long-term impacts of supporting minority owned businesses.

Black businesses create an average of 10 jobs per firm, compared to 23 for non-Black businesses. If the average employees per Black business increased to 23, it would create approximately 1.6 million jobs.

Black businesses pay their employees an average of 29882, compared to non-Black businesses’ average of 51357. If Black businesses paid as much as non-Black businesses, then employees would see an increase in pay by approximately 25 billion.

Our solution's stage of development:
  • Scale: a sustainable product, service or business model that is active in multiple communities, which is capable of continuous scaling, focusing on increased efficiency.
Film your elevator pitch.
What is your organization’s stage of development?
  • Scale: A sustainable organization actively working in several communities that is capable of continuous scaling. Organizations at the Scale Stage have a proven track record, earn revenue, and are focused on increased efficiency within their operations.
More About Your Solution
More About Your Team
Partnership & Award Funding Opportunities
Solution Team:
Emily  Carter
Emily Carter
Vice President, Development