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A microloan program designed to assist women, low income, veteran, and minority entrepreneurs, and other small businesses will be evaluated for its impact in growth outcomes
Read more »The Small Business Administration’s (SBA) Microloan Program makes direct loans to qualified nonprofit, quasi-governmental and tribal mediators that, in turn, lend working capital for job creation, equipment, and material purchases. This program is essential for small businesses who do not qualify for traditional business loans and who have historically been underrepresented in the business community across a number of industries. […]
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Optimal Solutions Group, LLC (Optimal), evaluated four Small Business Administration (SBA) programs using logic models to determine outcomes
Read more »A logic model provides a visual likeness of the key program pathways linking program components to short-term, intermediate, and long-term outcomes. The purpose of a logic model is to define a program’s theory of change by showing how the program’s underlying assumptions, strategies, resources, activities, and contextual factors are expected to lead to the desired outcomes. Optimal prepared logic models […]
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Optimal develops AI-tool to assist government agencies identify qualified under-represented firms
Read more »Government agencies often use incomplete and non-systematic approaches to identify qualified contractors and capable, socially and economically disadvantaged small businesses for government requests. While information about firms is available, it is stored across disparate systems that are not linked together. In order for staff to more efficiently identify small disadvantaged businesses, Optimal Solutions Group, LLC (Optimal), developed a series of […]
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Optimal Solutions Group LLC (Optimal) assessed the impact of a program designed to help small businesses owned by socially or economically disadvantaged businesses succeed in the marketplace
Read more »The Small Business Administration’s (SBA) 8(a) Business Development Program grants participants access to set-aside or sole source contracts, a business opportunity specialist, the right to enter a mentor-protégé program, and other benefits. The goal of the Evaluation of 8(a) Certified Firms is to better understand the market for goods and services demanded by federal agencies and those supplied by 8(a) businesses. The […]
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Optimal Solutions Group, LLC (Optimal) evaluated a Small Business Administration’s (SBA) initiative that investigates the outcomes of executive enterprises and business training on the performance of small firms
Read more »This study helped SBA in improving the program enactment of Emerging Leaders (e200) Training and Mentoring Initiative by identifying strategies to improve program participation and stakeholder engagement. It also identified the factors affecting the business revenue and business survival rates of the businesses poised for growth in historically challenged communities. Optimal assisted in developing the overall evaluation frameworks for SBA’s […]
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Optimal Solutions Group, LLC (Optimal), assessed a Small Business Administration (SBA) initiative that provides funding to regional clusters of small businesses for its performance
Read more »The SBA’s Regional Innovation Cluster (RIC) Initiative, launched in September 2010, promotes and supports U.S. regional clusters—geographically concentrated groups of connected businesses, suppliers, service providers, and similar institutions in an industry or field. Clusters act as a networking hub to convene resources for small businesses. This then helps small businesses in navigating funding, procurement, and supply-chain opportunities in their specific […]
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Optimal Solutions Group, LLC (Optimal), analyzed a program designed to help small businesses compete for government contracts to determine why firms leave the program prematurely
Read more »Established in 2016, the All Small Mentor-Protégé Program (ASMPP) extends the Small Business Administration’s (SBA) approved mentor-protégé relationships to every small business. The program’s goal is to develop strong protégé firms through mentor-provided business development assistance. Optimal assessed why firms leave the ASMPP either during the application process before they are approved for the program or during the program participation […]
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Optimal Solutions Group Appraised at CMMI Level 3 – Development
Read more »Optimal Solutions Group, LLC today announced that it has been appraised at level 3 for Development (DEV) of the CMMI Institute’s Capability Maturity Model Integration (CMMI)®. The appraisal was performed by Abridge Technology. CMMI is a capability improvement framework that provides organizations with the essential elements of effective processes that ultimately improve their performance.
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International Education Progress Reporting Website Launched
Read more »Optimal is pleased to announce the launch of the public version of USAID 2011-2015 Education Strategy Progress Report website. The website serves as a public access point for data and documentation used by the USAID Office of Education to measure progress towards the targets of the 2011-2015 USAID Education Strategy. The public version of the website details results and accomplishments […]
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Using Mobile Applications in Opioid Treatment: Opportunities and Challenges
Read more »Substance Abuse and Mental Health Administration (SAMHSA) awarded Optimal a contract to assess the implementation and effectiveness of mobile application technology to provide recovery support services to patients undergoing treatment for opioid dependence in an Opioid Treatment Program (OTP).
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Evaluation Report for the U.S. SBA’s Regional Cluster Initiative
Read more »This year marks the fourth year of the Small Business Administration (SBA)’s Regional Cluster Initiative pilot program.
January 1, 1970
Even before the current economic crisis hit the United States, the decline of domestic manufacturing, the rise of globalization, and increased competition for good jobs had created unprecedented challenges for low-skill American workers. These challenges have disproportionately affected older industrial metropolitan areas such as Baltimore, where the unemployment spiked to 5.8% in December – its highest rate this decade.1 In […]
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