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  4. Economic Research and Development Center

Economic Research
and Development Center

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Since it’s inception in 1986, ERDC has served as a full-service business and community economic development outreach program for UAPB by providing services to individuals from client groups that include aspiring and existing business owners, community, grassroots, and faith-based organizations, and local governments.  The ERDC is located at 615 S. Main Street  Pine Bluff, AR 71601.  For more information contact:

Angelisa Henry
Executive Director
Economic Research Development Center & Business Support Incubator
University of Arkansas at Pine Bluff
Office (870)575-8033

The Economic Research and Development Center (ERDC) is an economic development outreach program of the University of Arkansas at Pine Bluff.

About

The ERDC was first organized under a grant from the Black Business Educator’s Association of America and Ford Foundation. The organization is now supported by both federal and state agencies. The center primarily provides assistance to clients located in the eastern, southeastern and southwestern regions of the state.
This is an informational website of the ERDC, not the official website.

History

1986 – ERDC Conceptualized
1987 – 1988 – Received Ford Foundation funding to establish ERDC
June 17, 1988 – Approved by U of A Board of Trustees UofA Board Action Founding ERDC (1988) Pg24
1989 – 1990 – Received DOD funding to operate a procurement assistance center at UAPB
1990 – Received state funding to establish an incubator without walls targeted at minority businesses
1991 – Began developing a comprehensive neighborhood development strategy for the area around UAPB
1999 – Recognized as a National Best Practice Program ERDC Highlights 1995-2006
2001 – Received Funding to purchase the University Plaza

How does the ERDC work?

Processes

Business and Economic Development Technical Assistance (T.A.)

This program is intended to spark wealth and job creation for entrepreneurs and businesses by increasing the availability of ongoing, structured, one-on-one client engagement; providing on-site business development services; and assisting in starting, strengthening, or expanding business operations. The program serves business owners/entrepreneurs with low and moderate incomes, and those in traditionally underserved communities (including people of color, those with limited English proficiency, and those located in specific geographic areas such as PDC’s Neighborhood Prosperity Initiative and Main Street areas.)

Feasibility Studies

Feasibility studies are used to determine whether an intervention is appropriate for further testing; in other words, they enable researchers to assess whether or not the ideas and findings can be shaped to be relevant and sustainable. Such research may identify not only what—if anything—in the research methods or protocols needs modification but also how changes might occur.

Micro Enterprise and Small Business Development Technical Assistance

This program assists low to moderate income individuals to successfully start or expand a business and provide a future of financial security for themselves and their families. The services offered include: Classroom workshops on preparing for self-employment; writing a business plan; and how to start or expand a business. One-on-one business consulting. Start-up or business expansion loans from $500 to $50,000 at competitive interest rates. Post-loan, post-program business consulting services to ensure continued financial success.

T.A. For Community Facilities • Entreprenurship Training (FasTTrac, Operation Jumpstart)

Entrepreneurial training program offered by the Economic Research and Development Center at the University of Arkansas at Pine Bluff. This 11-week program focuses on improving business operations by developing an effective management team, formulating budget and planning growth. Over 20,000 entrepreneurs have graduated from FastTrac programs in more than 35 states and Canada. Results from the FastTrac II training indicate that 10-25% of graduates more than double their sales within one year after graduation.

Business Incubation (Virtual Tenants)

If you need dedicated onsite space, every-day access to services, networking with fellow entrepreneurs across the hall, or a steady calendar of workshops and training events a flight of stairs (or elevator ride) away, then please consider going “beyond Virtual” and learning about our Onsite Incubator Tenant Program. Learn more > Or maybe Virtual is just your ticket, but you have friends… Do you know any fellow entrepreneurs who may benefit from becoming an onsite Incubator Tenant based in the ERDC facility? Our Tenant Referral Program offers cash incentives for successful tenant referrals.

Access to Micro Financing (Pine Bluff Only)

New, existing, and emerging entrepreneurs enrolled in the UAPB Business Support Incubator Program who are looking to open or expand a business in one of the two designated revitalization zones (University Park and Downtown Central Business District) within the City may seek funding under the UAPB/City of Pine Bluff Micro Revolving Loan Program. This unique program is made possible through a vibrant community economic development partnership between ERDC and the City of Pine Bluff.

Renting the Bistro at the Incubator
University of Arkansas Pine Bluff

Contact us

University of Arkansas at Pine Bluff
1200 North University Drive | Pine Bluff, AR 71601

870-575-8000

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UAPB is an equal opportunity/access/pro-disabled and veteran employer and does not discriminate on the basis of sex in our education programs or activities, pursuant to Title IX and 34 CFR Part 106. For more information, visit UAPB’s Nondiscrimination Policy or the Office of Institutional Equity.

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