Deadline: Community Economic Development Projects for Tufts Graduate Students
Seeking Community Economic Development Projects for Tufts Graduate Students!
Do you have an idea for a new program, project or social enterprise?
Would it help to have a student team conduct a preliminary feasibility study? If yes, this might be for you.
Tufts University Community Economic Development Graduate Student Team Project
A. Typical Applicants:
community development corporations, public agencies, social enterprises, community development financial institutions, small business/economic development agencies/organizations, other non-‐profits, etc.
B. Feasibility Study Project Basics
1. The feasibility study can be for a new program, project or enterprise that your organization is considering or a substantial expansion/move in a different direction for an existing program or enterprise. The students will conduct an initial case study research assignment to look at similar projects/programs implemented elsewhere and then conduct a preliminary feasibility study for the proposed project or program (See Section E for Process and Deliverables.)
2. The projects will be completed by a group of 4 -5 graduate students starting in September and completing by mid December. It will culminate in a written paper and presentation (which you are more than welcome to attend). You and the students may also arrange for a presentation at your site if desired.
3. This project will only be one of the assignments required of students for the semester, however, it is a large one. It is an independent student project, not a consulting engagement or field project and will not be faculty supervised.
Requirements for Project Subjects
1. It is necessary to start with an identified project/program/enterprise model to be tested for feasibility and appropriateness (the students can research variations/options and refine the concept but must start with a project or program idea). This assignment is not a community planning/analysis exercise to develop a strategy and is not for housing projects.
2. The proposed project/program/enterprise must be expected to result in achieving community economic development goals (e.g., create jobs, grow businesses, remove barriers to employment, increase skills/earning capacity, develop industry clusters, build wealth in lower income communities, provide needed goods and services, etc.) 3. The proposed project/program/enterprise must have some revenue-‐generating component (e.g., fees, rents, interest, sales); it cannot be entirely grant/contribution funded.
Examples of Project/Program/Enterprise Types
Social enterprise operated for the purpose of providing job training while generating revenue to cover costs
• Social enterprise providing needed goods or services not currently available/accessible to target community
• Business incubator to foster growth of businesses (can be targeted to industry sector/cluster or business size)
• Business loan program (can be targeted to industry type/business size/purpose)
• Specific job readiness, job training or placement program model
• Real estate development project that will result in provision of needed goods/services in a community, creation permanent jobs or other CED benefits
Project Process and Deliverables There is a predetermined process and set of deliverables for the Team Projects as follows.
–Preliminary Feasibility Analysis of Proposed Project, New Program, Program Expansion, SocialEnterprise
Case Study Research of Similar Projects Part
Feasibility Analysis and Final Paper Outline for Feasibility Analysis Final Paper
I. Executive Summary and Logic Model
II. Description of Proposed Program or Project
III. Community and Project Concept Background Issues
IV. Ownership and Roles for Other Parties
V. Economic Development Connection & Estimation of Economic Development Benefits
VI. Market Analysis
VII. Marketing Plan
VIII. Staffing and Management Requirements
IX. Operations Analysis
X. Budget and Financial Analysis
XI. Conclusion and Assessment of Critical Risks and Opportunities
4. If you have a project/program/enterprise that you wuold like to propose for a feasibility study, please prepare a brief document in WORD that provides the following information. This could include a new venture or a substantial expansion/move in a different direction for an existing program or enterprise.
II. City or Town
III. Contact Person and Title
IV. E-‐mail and Phone Number
V. Proposed Project Name (Working Title)
VI. Description of the Program, Project or Enterprise for which the Feasibility Study will be Performed including any details about operation that you might be considering or goals you are trying to acheive (briefly but specifically, note requirements for projects in Section C above.
VII. Examples of Similar Projects/Programs and or Implementing Organizations that could be explored as case studies.
VIII. Anticipated Community Economic Development Benefits (broadly speaking)
5. Attach the WORD document to an e-‐mail with “CED Project App” in the Subject line and send to: firstname.lastname@example.org
6. Deadline: August 27th (the sooner the better).
7. Projects for the Fall semester will be selected by the beginning of October.