ThinkTEC® Leads Effort to Take FastTrac® Statewide

FOR IMMEDIATE RELEASE CONTACT: Jonna Palmer
July 18, 2005 Communications & Marketing 843.805.3031

ThinkTEC® Leads Effort to Take FastTrac® Statewide
Entrepreneurial Training Program Will Offer Revised Courses

CHARLESTON, SC (July 24, 2005) - ThinkTEC, an initiative of the Charleston Metro Chamber of Commerce, today announces plans for overseeing expansion of FastTrac into a statewide program. ThinkTEC will strengthen this effort by working with other agencies/organizations to help accelerate the growth of a statewide network of FastTrac providers. First to provide this award-winning program in South Carolina, ThinkTEC will partner with other organizations such as Small Business Development Centers, Chambers of Commerce, and educational institutions, among others, to help execute FastTrac classes.

FastTrac is a 10-12 week training program that teaches entrepreneurs how to plan for and build a sustainable business. Recently, a national gathering of FastTrac facilitators and administrators was held at the Kauffman Foundation in Kansas City. The group gathered to review three highly anticipated revised course programs for FastTrac New Venture, FastTrac Tech and FastTrac Planning.

The FastTrac program has been identified on a state level for its contributions to developing business. Following the lead of President Bush in creating a Council on Economic Competitiveness, Governor Mark Sanford established the South Carolina Council on Economic Competitiveness. A primary mission of both councils is fostering entrepreneurship and FastTrac accomplishes this goal.

Additional efforts to expand FastTrac come in the form of financial grants. ThinkTEC has applied and received preliminary approval for a $250,000 ThinkTEC FastTrac Education Grant. This grant would ensure expansion of FastTrac into a statewide initiative.

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For additional information on FastTrac or ThinkTEC, please contact Pennie Bingham, ThinkTEC Director at 843.805.3073 or [email protected].

ThinkTEC, an initiative of The Charleston Metro Chamber of Commerce, is an ongoing effort to accelerate technological growth to create and sustain a perpetual innovation economy for the Charleston tri-county region and state. With more than 2,500 members, the Charleston Metro Chamber of Commerce serves as the catalyst to maximize the power of business for the quality growth, economic development of the Charleston region and make our members successful.

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