Wednesday, September 02, 2009

Deluxe Corporation Foundation Donates Funding to SCORE to Boost Small Business and Job Creation

WASHINGTON — SCORE "Counselors to America's Small Business," The SCORE Foundation and the Deluxe Corporation Foundation announce the development of a new program, the Deluxe/SCORE Counseling Methodology. The Deluxe Corporation Foundation will underwrite funding for the creation and implementation of this initiative. A Deluxe site manager presented a check for $490,000 at the SCORE National Leadership Conference in Salt Lake City on August 19.

Each year, about 6 million people attempt to start a business in the United States. Of those, about 25 percent fail in the first year, while about 50 percent fail after five years. Studies show that a person with five or more hours of business mentoring is more likely to start a business with greater economic impact in areas such as revenue and job creation.

SCORE and The SCORE Foundation will work with the Deluxe Corporation Foundation to develop a standard mentoring methodology that can significantly increase business survival rates and create new jobs. The program will provide specific training, templates and processes that SCORE mentors can use to help aspiring entrepreneurs start new businesses.

"Small businesses are the lifeblood of our economy," said Lee Schram, president of the Deluxe Corporation Foundation. "Deluxe is committed to helping small business owners prosper so we are honored to partner with SCORE to provide their volunteers the latest in effective counseling tools and industry insight."

All SCORE volunteers will be trained in the new methodology, which will feature homework for clients, follow-up guidelines and mentoring techniques. The methodology can be used for face-to-face mentoring, plus chat and video-based mentoring through services like Skype. In addition, SCORE will research and track client data, including:

Demographics
Social groups
Geographic area
Industry
Experience
Entrepreneurial resources used to support business creation and development

"SCORE is dedicated to helping more small businesses get started and stay in business," says SCORE CEO Ken Yancey. "Through the generous contribution by the Deluxe Corporation Foundation, SCORE will prepare its volunteer experts to give entrepreneurs an excellent mentoring experience that leads to a path for success."

About the Deluxe Corporation Foundation The Deluxe Corporation Foundation is a grant-giving institution that has partnered with educational, cultural and human service nonprofit organizations for more than 50 years to enrich the communities of Deluxe Corporation employees. An independent 501(c)(3) organization, the Deluxe Corporation Foundation has received funding from Deluxe Corporation to support its mission of giving back to the communities it serves.

About SCORE Since 1964, SCORE "Counselors to America's Small Business" has helped more than 8.4 million aspiring entrepreneurs and small business owners through counseling and business workshops. More than 11,200 volunteer business counselors in 370 chapters serve their communities through entrepreneur education dedicated to the formation, growth and success of small businesses.

The Deluxe Corporation invested in the success of its clientele through their foundation and partnership with SCORE. This shows commitment and a long term investment in small businesses. Additionally, due to the current economic situation, this is an ideal program to show support for the greater economy.

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