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Center for Economic & Business Development |
Center for Economic & Business Development
The Center is a part of Southwestern Oklahoma State University and is located at SWOSU’s Weatherford campus. The CEBD houses, in addition to its own research team, the Oklahoma Small Business Development Center, Oklahoma Alliance for Manufacturing Excellence, Western Oklahoma Business Commercialization Center. The Center is also capable of providing economic impact studies utilizing the REMI economic model and software for the entire state of Oklahoma.
Oklahoma Small Business Development Center
Qualified and experienced counselors are available to work with you to meet a multitude of business concerns including:
- Market research, segmentation, and targeting
- Developing a professional business plan
- Securing funding
- Marketing and sales
- Government contract opportunities
- International trade potential
- Production and inventory control
- Cash flow analysis and financial management
- Training in management for retail, service and manufacturing companies
Western Oklahoma Business Commercialization Center
The Western Oklahoma Business Commercialization Center is a “virtual business incubator” formed to assist existing manufacturing businesses or to nurture entrepreneurs with new product ideas. In addition, we are:
- A resource to accelerate your business success by providing management, business and technical expertise.
- A community resource designed to enhance the infrastructure necessary to grow and sustain new and established businesses.
- Provides a solid foundation in management, business and technical skills.
- Individual and group training is available in engineering, manufacturing, quality systems, business operations, management and marketing.
- Specific project assistance is available for manufacturing productivity improvements, new process and new product development and marketing and business operations.
Oklahoma Alliance for Manufacturing Excellence, Inc.
The Alliance is committed to improving Oklahoma manufacturing and leading the movement toward modernization by implementing change in five crucial areas:
- Technology - Using advanced materials, equipment and processes to modernize and meet global standards.
- Marketing – spreading manufacturers’ messages and capabilities to new local, national, and global markets using research analysis and planning, brochures, and trade shows.
- Human Resources – reorganizing work to improve effectiveness and develop new occupational, technical and problem-solving skills for managers, office staff and front-line production workers.
- Finances – financial planning and securing financing for training, technology and market expansion.
- Inter-firm Collaboration – managing relationships to create market opportunities and expanding production capabilities and learning systems.
Regional Economic Models, Inc.
The CEBD can use this in-depth 70 sector REMI model to analyze a variety of scenarios, but there are four primary scenarios that the Center focuses on. These scenarios are:
- Economic Impact Modeling simulations predict the economic effects upon a regional or state economy of a new business location or a new project venture occurring in the state or regional economy.
- Counterfactual Modeling – In policy modeling, the term “counterfactual” is defined as “contrary to the present situation”. More specifically, counterfactual simulations model the effect upon a regional or state economy by removing an organization or business from the economy.
- Policy Modeling predicts the economic impact of a significant policy change upon a regional or state economy.
- Tourism Impact Modeling simulations model the effects that tourism has upon a regional or state economy. These simulations are modeled as the increase in tourism to an area due to new/expanded tourist attractions.
