Table of Contents

Dear San Antonio - Jackie Gorman

03 Dear SA

A Letter from Jackie Gorman

“Let me tell you a story, a story of growth and revitalization that has taken root across the Eastside of San Antonio.”

07 An Engine for Growth

SAGE Grow Eastside Fund

“In 2016, the SAGE Grow Eastside Fund was fully capitalized and closed on its first loan for MEDWheels.”

11 Setting the Scene

2016 Events

“Taste the Dream, EBB Q1-Q4, HalloEast”

14 Adding New Chapters

The Future is bright

“To keep focused on the long term strategic objectives of the organization, all of SAGE’s work will support one of these goals”

03

Dear San Antonio

A Letter from Jackie Gorman, CEO

SAGE Jackie Gorman

$99,451

In Store-Front Grants Awarded

& Growing Every Year

04

Voices of SAGE

$125,000

In Choice Façade Improvement Grants Awarded

05

Putting Your Best Face Forward

Store-Front Grant Program

To support the revitalization of Eastside commercial corridors, the SAGE Store-Front Grant Program provides qualified Eastside business owners with matching grants of up to $10,000 to improve the exteriors of their properties. Since 2010 SAGE has awarded 79 Store-Front Grants valued at $810,485.

In 2016, there were 17 active Store-Front Grants, 13 of which were newly awarded totaling $99,451. On-track to create 55 new jobs and 128 jobs were impacted.

St. Paul Square - SAGE
Awarded in 2015
Lou Miller - State Farm Insurance $13,722 Exterior/Interior Renovations
W. Ewing Development, LLC $20,000 Exterior Signage
Law Office of Arlene M. Gay $8,980 Improve façade and parking lot, fence installation, landscape
James Lawnmower Sales and Service $9,604 Outdoor façade improvements, lighting, signage
Awarded in 2016
Blue Line Corporation $8,201 Exterior painting, parking lot upgrades, installation of security cameras
Jarvis Moore, Inc. $7,500 Renovate Fencing
Eastwood Realty Solutions $5,000 Painting doors, resurfacing parking lot
Bullis House Inn $7,500 Exterior renovations to porch, awnings, carriageway, exterior painting and signage
Mesa Blanca, LLC $5,000 Renovations include painting, lighting, front door, driveway repair, landscaping and signage
Hayes Food Mart $10,000 Exterior renovations include parking lot improvements, painting and window replacement
Snap House $10,000 Exterior renovations include lighting, awnings, windows, masonry repair and signage
Corrine Group, LLC $5,000 Renovations include updating signage and repairing the roof
Acclaimed Insurance Strategies of Texas, Inc. $8,500 Renovations include exterior painting, lighting, windows and doors
Dry Coats Painting LLC $5,750 Renovations include parapet wall, siding, windows, parking lot, lighting, and landscaping
Perfect Cuts $8,500 Renovations include exterior painting, façade repair, signage, installation of security cameras
TASTE Inc. $8,500 Renovations include awning, windows, doors, signage, and exterior painting
In The Black $10,000 Renovations include parking lot improvements, exterior painting, signage, windows, doors, and landscaping

128

Impacted Jobs

Through Store-Front Grants

06

Providing New Eastside Opportunities

SAGE Equity Fund

The SAGE Equity Fund operates like a venture capital fund, making equity investments in businesses that are expanding or locating in the Eastside Promise Zone. It was created in 2014 with a grant from the U.S. Department of Health and Human Services Community Economic Development (CED) Program, as a new source of capital to support business development on the Eastside.

Equity investments made by the fund provide new opportunities for Eastside businesses and support job growth, a key goal of the HHS Community Economic Development Program. To qualify for the program, your company must commit to creating at least one new full-time job for every $10,000 SAGE invests in your business, with at least 75% of the jobs you create going to certified low-income individuals.

In 2016, the businesses that received equity investments from the SAGE Equity Fund created 23 new jobs.

Company Investment Projected Job #'s
Indatatech $102,000 10
MEDWheels $50,000 5
Chelsea’s Catering & Bar Service $288,998 29
Total $440,998 44

23

New Jobs Created

From Businesses That Received Equity Investments

07

An Engine for Economic Growth

SAGE Grow Eastside Fund

The SAGE Grow Eastside Fund is a $2 million revolving loan fund operated by SAGE in partnership with the National Development Council’s Grow America Fund, with additional funding provided by local bank partners. The goal is to spur economic development in the Eastside Promise Zone by offering below-market-rate loans to business that locate or expand within the targeted area. In 2016, the SAGE Grow Eastside Fund was fully capitalized and closed on its first loan ($550,000) for MEDWheels.

Partners

  • City of San Antonio
  • Wells Fargo
  • Bank of San Antonio
  • Texas Capital Bank
  • Jefferson Bank
  • Broadway Bank
  • Bank of America
  • Frost Bank

$550,000

Loan closed and capitalized

SAGE Grow Eastside Fund

08

Is Your Business Ready For A Facelift?

Choice Façade Improvement Grant

The Choice Façade Improvement Grant Program is a matching grant program managed by SAGE through funding from San Antonio Housing Authority (SAHA) that can provide grants of up to $25,000 for façade improvement projects at Eastside businesses. All grant funds must be matched by a certain percentage with other funds depending upon location. Choice Façade Improvement Grants are awarded to property owners for property improvements located in the Choice Neighborhood Footprint. Since 2015 SAGE has Awarded 10 small business within the CHOICE footprint, façade improvement grants with a total investment $250,000.

In 2016 there were 5 active Choice Façade Improvement Grants totaling $125K. 25 Jobs were created and 33 Jobs were impacted.

SAGE Choice Facade Improvement Grant

09

Audited Financials

$112,000

In Private Funds

Leveraged from Choice Façade Improvement Grants

10

How SAGE is Doing It

Board & Staff

"I was honored to serve as the chair of the SAGE board in 2016 and continue to believe in the work SAGE is doing is helping to build a more just and equitable district for everyone. A strong San Antonio requires a strong East Side and the East Side continues to grow because of SAGE."

William “Cruz” ShawChair

Committees

2016 Grant Review Committee

  • Richard Leal, Atlas Body Shop
  • Juan Garcia, Dignowity Hill Neighborhood Association
  • Porter Dillard, Dillard Architect Group
  • Frank Pakuszewski, 1836 Asset Management
  • JoAnn Sosa, Valla Design Group
  • Yonnie Blanchette, Carver Cultural Center

2016 Special Event Committee

  • Cristina Bazaldua, Univision
  • Al Conyers, Joint Base San Antonio
  • Joaquin “Joc” Arch, Arch Center
  • Felicia Madison, The Convention and Visitors Bureau
  • Maritza Quiroz, The CE Group
  • Shokare Nakpodia, The MightyGroup
  • Rob Wicall, Tracy Cleaning Systems
  • Mark Wittig, Wittig Office Interiors
  • Frank Pakuszewski, 1836 Asset Management

3

Unique Training Programs

Were Offered to Support and Encourage Entrepreneurs

11

Setting the Scene

2016 Events

Taste the Dream Gala | Saturday, January 16, 2016

The second annual Taste the Dream Gala, celebrating diversity through food was held at the Institute of Texan Cultures. This exploration of culinary classics and cultures from around the world featured the talents of Chef David Arciniega, Amaya’s Cocina; Chef Chris Ashford, Ed’s Smok-N-Q; Chef Jeff Balfour, Southerleigh; Chef Errol Graham, Tony G’s; Chef Elizabeth Johnson, Pharm Table; Chef Brian West, Smoke the Restaurant; and master caterer Chef Donald Mitchell, Chef Don’s Catering.

Eastside Economic Development Strategy Public Meeting | Tuesday, January 26, 2016 & May 17, 2016

SAGE hosted a community meeting about the Economic Development Strategy for the Promise Zone. The plan was presented and community members had a chance to offer their input and ideas, and find out how to be more directly involved.

Make Better Business Decisions: Business Class | Thursday, February 18, 2016

Cash Reigns Supreme: Tracking the Financial Results of your Business. This one half-day training course designed for small business owners taught participants the importance of financial statements and how they can be used to make better business decisions.

Eastside Business Briefing Q1 – Breakfast with the Mayor | Monday, March 28, 2016

The first quarterly Eastside Business Briefing of 2016 included a keynote address by Mayor Ivy Taylor where she stressed the increase in jobs (1300), new businesses (21), and graduates of workforce programs as positive EastPoint SA milestones achieved since 2014. “It is human capital that will ultimately change the narrative of the Eastside”. LiftFUND also announced $50,000 in funds for small business lending in a special presentation.

Eastside Business Briefing Q2 – Eastside Business Awards | Thursday, May 2, 2016

Award Recipients included:
Emerging Business | Sams Contracting Consulting & Training LLC
Business Role Model | MEDwheels
Change Maker | Terramark Urban Homes
Best Transformation | Chelsea’s Catering & Bar Service Community Partner – UTSA Small Business Development Center Eastside Pioneering Spirit | Beacon’s Clothing

Eastside Developer Open House | Tuesday, June 14, 2016

Participants learned about the state of the Eastside real estate market, development opportunities, and the types of public assistance available for small to large development projects. They also networked with other real estate professionals and posed questions to the panel of residential and commercial development experts moderated by Robert Rivard of the Rivard Report.

Eastside Business Briefing Q3 – State of the Eastside | Wednesday, August 10, 2016

The third quarterly Eastside Business Briefing of 2016 featured District 2 Councilman, Alan E. Warrick, II presenting an update on the exciting and interesting work going on throughout San Antonio’s Eastside.

Bank of America Grant | Wednesday, August 24, 2016

SAGE was awarded a $10,000 Bank of America Grant to continue with the Eastside Business Census and providing more technical assistance to Eastside businesses.

Eastside Business Briefing Q4 – Private Investment Update | Thursday, October 13, 2016

For the fourth quarterly Eastside Business Briefing of 2016, a private investment panel gave an update of investment in the area. Panel members included Ken Lowe, MLK Garden Homes; Efraim Varga, Varga Endeavors; Tim Cone, NRP Group; and Charlie Turner, Terramark Urban Homes.

HalloEast: Community Block Party | Sunday, October 30, 2016

The streets were filled with engaging family-friendly activities including: a costume contest, moon bounce, haunted house, games for all ages and entertainment. FREE giveaways included: pumpkins, books, and various delicious treats for all who attend.

Promise Zone to Entrepreneurship Conference 2016 | Saturday, November 5, 2016

In partnership with the Governor’s Office of Small Business Assistance and Texas Workforce Commission, SAGE hosted the free, one-day “Promise Zone to Entrepreneurship” conference aimed at encouraging Promise Zone residents to embrace entrepreneurship as a path to economic independence.

Eastside Holiday Bazaar | Saturday, December 10, 2016

The Eastside Holiday Bazaar gave community members a chance to shop local and patronize up-and-coming Eastside businesses and merchants. Councilman Alan E. Warrick, II and Teach for America San Antonio also provided an on-site Mobile Food Pantry that fed roughly 400 families.

25

Jobs Created

33 Were Impacted

12

Here We Grow Again

Eastside Impact

In 2016 the work of SAGE focused on four broad strategic goals
1. Catalyzing Eastside developments and investments
2. Engaging stakeholders and marketing the Eastside
3. Expanding SAGE’s capacity
4. Developing and empowering neighborhood leaders

Accomplishments for 2016 include: 13 Store-Front grants awarded valued at $99,451; these grants leveraged over $250,000 in private funds; the grants impacted 128 jobs; and grant recipients were on-track to create 55 new jobs. Five Choice Façade Improvement grants awarded valued at $125,000; these grants leveraged over $112,000 in private funds; the grants impacted 33 jobs; and grant recipients were poised to create 25 new jobs.

In addition to our grant programs, the SAGE Grow Eastside Fund was fully capitalized and closed on its first loan ($550,000). The businesses that received equity investments from the SAGE Equity Fund created 23 new jobs.

Sixty-five developers and investors attended the first annual Eastside Investment Summit to learn about development opportunities in the community.

Three unique training programs were offered to support and encourage entrepreneurs:

1. Cash Reigns Supreme, designed to help business owners understand financial statements; 2. Promise Zone to Entrepreneurship Conference, a 1-day conference to connect existing and budding entrepreneurs to technical assistance providers and potential customers; and 3. SBA Business Smart Toolkit, a seminar to help new and aspiring entrepreneurs launch a business idea and understand the steps to building a business that is credit ready.

SAGE also hosted two community events on the New Braunfels corridor with area businesses and community organizations. HalloEast was a Halloween street party for area children; the Eastside Holiday Bazaar was a street fair with vendors designed to showcase local artisans. In 2016 SAGE had over 600 technical assistance contacts with area businesses. SAGE also provided TA to area neighborhood associations.

$250,000

In private funds

Leveraged from Store-Front Grants

13

Promise Zone

Eastpoint

SAGE was awarded $500,000 grant from the Economic Development Administration to develop a Comprehensive Economic Development Strategy (CEDS) for the Promise Zone. This grant allows SAGE to analyze the economy, define specific economic development goals, and determine project opportunities with economic feasibility scenarios for the development of mixed-use, transit oriented development projects within the Eastside Promise Zone area. In addition to the plan, there were two other deliverables: an on-line property inventory to assist developers and potential development scenarios for 9 sites in the Promise Zone. SAGE convened a Strategy Committee of local stakeholders to outline the scope of the plan. SAGE contracted with HR&A Advisors to develop the plan basics, 4 Community meetings were held throughout the process to get community input and feedback. The Final report including the CEDS and all deliverables were submitted to and accepted by EDA in July 2016.

Adding New Chapters

The Future is Bright

To keep focused on the long term strategic objectives of the organization, all of SAGE’s work will support one of these goals: catalyzing Eastside developments and investments, engaging stakeholders and marketing the Eastside, expanding SAGE’s capacity and developing and empowering neighborhood leaders.

Subscribe