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NEOF understands that in community development, strategic relationships are of utmost importance. Our icon below has five sections, each representing a category of relationship-building integral to the long-term success of our business model.
NEOF believes that true, sustained economic development is only really possible when an initiative is supported by a balance of entities in these five categories. When the company evaluates a potential franchise market, the existence of this balance, or the potential for existence, is given the utmost priority. Each section, as illustrated above, must be carefully expanded over time by continually customizing new relationships which will benefit our growing network. To elaborate using Memphis as a model: the Soulsville Visioning Project was created through LOCCDC's relationship with the Fannie Mae Foundation, which in turn identified incubation opportunities, which in turn will forge a winning collaboration with the University of Memphis to develop demand analysis tools to accelerate commercial franchise opportunities, which in turn has earned the endorsement of the Memphis Regional Chamber of Commerce. Our goal with our strategic partners is to be inclusionary, linking with existing competent community development organizations while developing new relationships with institutions not normally associated with a community development mission. We intend to add new partners from the telecommunications, e-commerce, and software portal development in the near future. The following is a description of the entities and individuals that have been and will be crucial to the company's success: National Affiliations The Company has reached out to a number of national entities for guidance and support, and has listed the most prominent below. This category represents the types of organizational values that complement the community development franchise model and the Company plans to continue to develop these relationships with the potential long term goal of co-branding new initiatives. Business Roundtable is an association of chief executive officers of leading U.S. corporations with more than $4.5 trillion in annual revenues and a workforce of more than 10 million employees. The Roundtable is committed to advocating public policies that ensure vigorous economic growth, a dynamic global economy, and the well-trained and productive U.S. workforce essential for future competitiveness. The Minority Business RoundTable is a national membership organization for CEOs of African-American, Hispanic-American, Asian-American, and Native-American-owned top-tier businesses, representing a variety of trades and industries. MBRT functions as the vehicle for its members to analyze and help formulate effective public policies that impact minority-owned businesses. National Community Reinvestment Coalition The National Community Reinvestment Coalition (NCRC) was formed in 1990 by national, regional, and local organizations to develop and harness the collective energies of community reinvestment organizations from across the country so as to increase the flow of private capital into traditionally underserved communities. Stewards of Affordable Housing for the Future Stewards of Affordable Housing for the Future ("SAHF") was formed in 2002 to promote long-term nonprofit ownership of rental apartments around the country so they can serve low-income people permanently at affordable rents. Founded in 1989 by the Wharton Small Business Development Center, The Enterprise Center strives to be the world's premier accelerator of minority entrepreneurship. The Enterprise Foundation has an award winning Youth entrepreneurship program. The Veterans Corporation provides Veterans including Service Disabled Veterans with the tools they need to be successful in business: Access to capital, entrepreneurial education, access to markets, access to services, and business networking. No other public or private organization provides this specific assistance to the 24-million-strong Veteran community. Community Affiliations In the process of evaluating potential franchise locations, the Company has interacted with a number of local and regional community organizations. In pursuit of its ultimate franchise development goals, the Company has developed relationships exclusively with entities that have demonstrated a commitment to real economic acceleration and the competence to see it through. Azteca Economic Development & Preservation Corporation Based in the Azteca neighborhood of Laredo , TX , the mission of Azteca is to organize the Azteca residents and work with them to rebuild the neighborhood into a healthy community through housing development, economic revitalization, job creation, skills training, neighborhood safety, and beautification. Covenant Community Capital Corporation Based in the Fifth Ward of Houston, TX, Covenant's mission is to enhance the beauty, stability, and economic vitality of low-income communities by increasing their capacity to develop affordable housing, grow business enterprises, and build family and community assets. Incorporated on November 17, 1966, the Laredo Development Foundation is a private, non-profit corporation funded and governed by local business and civic leaders dedicated to Laredo 's economic development. LeMoyne-Owen College Community Development Corporation The LeMoyne-Owen College Community Development Corporation was founded in 1989 by the president of LeMoyne-Owen College , a historically black college located in central Memphis . LOCCDC's mission is to raise the economic and education levels of the people who live and work in the community surrounding LeMoyne-Owen College (known as "Soulsville"); foster and sustain a community process that will eliminate racial tension, prejudice and discrimination; lessen sickness, poverty and crime; and expand education, recreation, housing and economic opportunities. Formed in 2001, the Memphis Bioworks Foundation is a not-for-profit organization with the mission of promoting and fostering the Memphis Biotech Region's position as an international center for the development and commercialization of biomedical technology. Museum of Cultural Arts, Houston The Museum Of Cultural Arts , Houston ("MOCAH") is a tax-exempt 501(c)(3) cultural arts organization co-founded in 2000 by artists Reginald and Rhonda Adams . MOCAH evolved from the founders' vision to create an arts institution without walls, an organization that will go to the people who are unable to come to the Museum. One of MOCAH's primary goals is to improve the quality of life in an area of Houston 's Fifth Ward known as "the Bottom". The 28h Legislative District Community Development Corporation The 28th Legislative District Community Development Corporation (28th CDC) is a private, locally initiated non-profit community development corporation created to improve the quality of life for all residents of the community and to act as a catalyst for economic and community development for the communities within the 28th Legislative District. Education Affiliations University of Memphis The Center for Community Building and Neighborhood Action ("CBANA") works with community-based, private sector, and public stakeholders to maximize the quality of life in Memphis neighborhoods. CBANA research supports data-driven decision-making and links best practices from across the country with local needs.
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