Business Development Center

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​MEO BDC provides micro-enterprise loans, business planning classes, and consultation services.  Established in 1997, we have helped create more than 700 new business and 900 jobs and train 2,000 entrepreneurs. MEO BDC offers loans, ranging from $5,000 to $25,000, for startup operations or expansion of existing small business.  We have emergency loans available for special situations.  MEO BDC has facilitated 700 loans worth more than $4 million.

The Core Four course enables development of a realistic, achievable business plan. The six-week, 36-hour course is offered 10 times a year on Maui, Molokai, and Lanai. The classes usually are held at MEO Family Center, 99 Mahalani St, Wailuku; an additional Introduction class is held at the Maui County Business Resource Center (brown bag session). Due to the COVID-19 pandemic, sessions currently are being held virtually on Zoom.

MEO BDC programs are funded by grants from the Maui County Mayor’s Office of Economic Development and Agape Foundation.

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Our next series will start September 6th. Register here docs.google.com/.../1FAIpQLSejK4pSzwOVMx.../viewform or call 808-249-2990. ... See MoreSee Less
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*MEO Business Development Center offering credit counseling services*Residents facing worrisome credit debt or needing advice on managing their student loans can now turn to Maui Economic Opportunity’s Business Development Center for help.The Business Development Center recently certified staff members on Maui and Moloka‘i as national consumer counseling professionals and expanded services by offering credit counseling services at no charge to the public.BDC is known for instilling the skills entrepreneurs need to be successful through the Core Four Business Planning series, helping existing businesses expand with microloans and guidance and offering financial literacy classes to those interested in getting a grip on their budgets.There has been a gap in nonprofit credit counseling services on Maui for several years, and BDC is looking to fill the void.BDC’s credit counseling professionals can perform an in-depth analysis on an individual’s or family’s financial situation to help find ways to save and get out of debt. Services include debt consolidation, which can reduce interest rates by more than 60 percent and monthly payments on credit cards by 25 percent.Two members of BDC are certified student loan counselors as well. They can review financial profiles, including federal student loans, and work to find affordable solutions.“Credit counselors cannot wave a magic wand and make debt disappear,” said BDC Director David Daly. “They can help reduce interest rates and develop a debt management and repayment plan that is doable and avoids bankruptcy. We also can help prevent future credit and debt problems through our counseling process.”For more information about the credit counseling program, contact MEO Business Development Center at (808) 243-4318.Director David Daly of the Maui Economic Opportunity Business Development Center teaches an in-person/virtual Core Four Business Planning course on July 19 at MEO in Wailuku. BDC is adding credit counseling services to its list of entrepreneurial, business and consumer services. ... See MoreSee Less
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Applications are being accepted for Maui Economic Opportunity’s Core Four Business Planning series that offers the opportunity upon course completion to submit a business plan for review – with the top nine plans eligible for grants of up to $25,000 for start-up expenses.The course runs from July 5 to Aug. 4 and will be offered in-person and via Zoom.“This Core Four series will give start-ups an opportunity to plan for success while having a chance to gain start-up capital,” said BDC Director David Daly.Registration is required for the five-week series and can be done by submitting an online application atdocs.google.com/forms/d/e/1FAIpQLSejK4pSzwOVMx1G2ye4_irjRX_J0RbV9JVLNHfFxfo0AKl04g/viewform ... See MoreSee Less
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*On Wednesday's* The MEO Minute on Akaku's The Maui Daily, Business Development Center Director David Daly talks about a new credit counseling program.His segment appears at about the 12 minute mark, preceded by a report on the MEO administered ‘Ai Hua farmers market voucher program for Native Hawaiians impacted by COVID-19.cloud.castus.tv/vod/akaku/video/62a15bcc90bc3a000879733d?page=HOME ... See MoreSee Less
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Our next series will start July 5th. Register here docs.google.com/forms/d/e/1FAIpQLSejK4pSzwOVMx1G2ye4_irjRX_J0RbV9JVLNHfFxfo0AKl04g/viewform or call 808-249-2990. ... See MoreSee Less
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