Harlem Entrepreneurial Fund (HEF).< >
To inform future growth, product expansion, and resource development efforts.< >
In 2011, HEF engaged FUND Consulting to write an application for a 2012 CDFI Fund Technical Assistance (TA) award to build its CDFI strategy. As a result of the receipt of this award, in September 2013 HEF again engaged FUND’s team to develop Strategic and Capitalization Plans to facilitate organizational growth, product expansion, and capitalization efforts. Over the course of several months, FUND Consulting reviewed the organization’s internal information, led staff through a strategy development session, conducted a SWOT Analysis, analyzed secondary data, and completed key informant interviews. The Strategic Plan developed by FUND’s team highlighted three overarching Strategic Goals for organizational development and a detailed timeline for implementing incremental objectives to meet these goals over a three-year period. The complementary Capitalization Plan included detailed information for over 30 potential funding opportunities, made recommendations on how the organization could best position itself to retain current investors and attract new investment, and provided guidance to facilitate the organization’s capitalization goals over the next two to three years.