Quantcast

Entrepreneurs take notice, Biomed needs millions for an EAP - KTBS.com - Shreveport, LA News, Weather and Sports

Entrepreneurs take notice, Biomed needs millions for an EAP

Posted: Updated:
SHREVEPORT, La. -

It's called an Entrepreneur Acceleration Program. A program that has boosted business markets like Austin, Texas by servicing entrepreneurs. The Biomedical Research Foundation wants to start one in Shreveport. It says the area currently doesn't have a middle-man to bring ideas and investors together. The EAP is the solution for that problem.

Biomed says the program will help North Louisiana entrepreneurs start, grow and keep their businesses right here at home. It's a plan to boost and diversify the area's economy but doesn't come cheap. Biomed needs to find $10 million to start an EAP. It's looking to the Caddo Commission for cash.

Biomed's Jay Meyers has requested the parish grant $500,000 a year for the next five years to fund the EAP. Originally the parish was asked to pay all $10 million. Meyer says, if granted, the money would be saved.

"We're in that process of fundraising so to speak from various entities," Meyers said.

Meyers says an EAP will provide various connections and services to local entrepreneurs and help their ideas reach reality.

"For example, we'll have a website where a person can introduce their idea in a way that provides the opportunity for it to actually be looked at by professionals," Meyers said.

Those professionals will only move forward ideas they feel will produce gains.

"Basically, we're looking for ideas that have the potential to create high paying jobs and, or economic prosperity for the region," Meyers said.

The EAP will then help set up a business plan with an entrepreneur and find local investors to fund it.

"So, it's business services, as well as, organized angels or high net-worth individuals," Meyers said.

The Caddo Commission will decide if it'll fund an EAP later this month. The Biomed does get a portion of your property taxes. Meyers says some of the cost of an EAP will come from that revenue source. The commission and Biomed will travel to Austin in November to view the city's EAP in action.


 

  • News NowMore>>

  • Bond Commission backs Jindal plan for surplus cash

    Bond Commission backs Jindal plan for surplus cash

    Thursday, April 17 2014 7:06 PM EDT2014-04-17 23:06:10 GMT
    Gov. Bobby Jindal's plan to use $210 million in surplus and one-time money to help balance next year's budget has received the backing of the State Bond Commission.    The plan is a budget sleight of
    Gov. Bobby Jindal's plan to use $210 million in surplus and one-time money to help balance next year's budget has received the backing of the State Bond Commission.
  • Texas town could rebuild plant after fatal blast

    Texas town could rebuild plant after fatal blast

    Thursday, April 17 2014 7:05 PM EDT2014-04-17 23:05:09 GMT
    The mayor of a Texas town where a fertilizer plant explosion killed 15 people says local officials are considering building a new one.    West Mayor Tommy Muska acknowledged Thursday that the idea is
    The mayor of a Texas town where a fertilizer plant explosion killed 15 people says local officials are considering building a new one.
  • Challenge to Arkansas gay marriage ban heard

    Challenge to Arkansas gay marriage ban heard

    Thursday, April 17 2014 7:01 PM EDT2014-04-17 23:01:36 GMT
    Advocates of ending Arkansas' ban on same-sex marriage took their case before a circuit judge in Pulaski County.    Attorneys argued Thursday that the voter-approved constitutional amendment is itself
    Advocates of ending Arkansas' ban on same-sex marriage took their case before a circuit judge in Pulaski County.
  • ArkLaTex SlideshowsMore>>

  • Celebrate Education 2014

    Celebrate Education 2014

    Thursday, April 17 2014 3:30 PM EDT2014-04-17 19:30:00 GMT
    Community Projects Director Jan Elkins with donors for the KTBS 3 St. Jude Dream Home.
    CELEBRATE EDUCATION, and it begins next week at the Shreveport Convention Center.
  • KTBS 3 St. Jude Dream Home.

    KTBS 3 St. Jude Dream Home.

    Thursday, April 17 2014 3:04 PM EDT2014-04-17 19:04:35 GMT
    Community Projects Director Jan Elkins with donors for the KTBS 3 St. Jude Dream Home.
    Community Projects Director Jan Elkins with donors for the KTBS 3 St. Jude Dream Home.
  • KTBS 3 Easter Basket Giveaway

    KTBS 3 Easter Basket Giveaway

    Tuesday, April 15 2014 4:48 PM EDT2014-04-15 20:48:59 GMT
    Members of the KTBS 3 News team partnered with Loyola College Prep, Holy Trinity Catholic Church and the Knights of Columbus this morning.  We delivered Easter packages filled with food to those less fortunate.
    In the spirit of Easter, members of the KTBS 3 News team partnered with Loyola College Prep, Holy Trinity Catholic Church and the Knights of Columbus this morning.  We fanned out across the area, delivering Easter packages filled with food to those less fortunate this year.  Please join us in wishing everyone  Happy Easter!
  • Assignment EducationMore>>

  • Celebrate Education 2014

    Celebrate Education 2014

    Thursday, April 17 2014 3:30 PM EDT2014-04-17 19:30:00 GMT
    Community Projects Director Jan Elkins with donors for the KTBS 3 St. Jude Dream Home.
    CELEBRATE EDUCATION, and it begins next week at the Shreveport Convention Center.
  • Louisiana Tech to showcase innovation, entrepreneurship at annual ‘I-20 Top 20’

    Louisiana Tech to showcase innovation, entrepreneurship at annual ‘I-20 Top 20’

    Thursday, April 17 2014 2:31 PM EDT2014-04-17 18:31:46 GMT
    University Hall at LA TechUniversity Hall at LA Tech
    Business and community leaders, technology entrepreneurs, and leaders in innovation throughout north Louisiana will gather at Louisiana Tech University, April 29 for the second annual I-20 Top 20 Regional
    Business and community leaders, technology entrepreneurs, and leaders in innovation throughout north Louisiana will gather at Louisiana Tech University, April 29 for the second annual I-20 Top 20 Regional Showcase.
  • Education chief gets favorable job review

    Education chief gets favorable job review

    Wednesday, April 16 2014 8:41 AM EDT2014-04-16 12:41:51 GMT
    John White, LA Superintendent of EducationJohn White, LA Superintendent of Education
    State Superintendent of Education John White has received a favorable job evaluation. The review was done by the state Board of Elementary and Secondary Education. Board President Chas Roemer announced
    State Superintendent of Education John White has received a favorable job evaluation.
  • NationalMore>>

  • Man said to be homesick for prison gets 3½ years

    Man said to be homesick for prison gets 3½ years

    By MICHAEL TARM Associated Press CHICAGO (AP) -
    An ex-con who spent most of his adult life behind bars on Thursday got what he said he wanted for robbing a suburban Chicago bank. The 74-year-old gets to go back to the place he called home - prison.
  • Police: Suspect in custody in KC highway shootings

    Police: Suspect in custody in KC highway shootings

    Thursday, April 17 2014 8:10 PM EDT2014-04-18 00:10:34 GMT
    Kansas City's police chief says a suspect in a string of random highway shootings that have wounded three people is in custody.
    Kansas City's police chief says a suspect in a string of random highway shootings that have wounded three people is in custody.
  • 911 calls capture chaos after truck-on-bus crash

    911 calls capture chaos after truck-on-bus crash

    Thursday, April 17 2014 8:10 PM EDT2014-04-18 00:10:32 GMT
    Frantic calls to police from the scene of last week's deadly crash between a tractor-trailer and tour bus carrying students included one from a dazed student who struggled to put into words what just had happened.
    With shrieks in the background, a shocked passenger struggled to recount to an emergency dispatcher how a FedEx tractor-trailer smashed into a tour bus carrying high school students. In other 911 calls released Thursday,...
  • KTBS 3 News Tips

    Send your news tip or story idea to the KTBS 3 Newsroom.  Enter your email address below to get started.

    * denotes required fields
    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thank you for your submission to KTBS 3 News.  A member of our staff may contact you for more information.

Share Your Images
Powered by WorldNow
    Powered by WorldNow
    All content © Copyright 2000 - 2014 Worldnow and KTBS. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
    Advertising | EEO Public File | KTBS 3 Public File | KPXJ 21 Public File