Helping local organizations navigate economic hardship
April 20, 2020
Smith School of Business at Queen’s University is joining forces with the City of Kingston and Kingston Economic Development to provide student and faculty resources to help local businesses, not-for-profits, and social enterprises navigate and survive the impact of COVID-19.
“Our local businesses and not-for-profits are integral to the character of Kingston and the truth is they are struggling right now,” says Kingston Mayor Bryan Paterson. “They need every resource we can muster as a community, and so I’m very proud to see this program come together and so quickly. I believe this will serve as an incredible resource for our community.”
Under the banner of the Kingston Region Business Support Network, the effort offers free services, including student time and skills, and community classroom learning sessions with faculty on topics designed for local business needs.
“We are grateful to be a part of the Kingston community and are ready to help local organizations as they cope with the extraordinary impact of COVID-19,” says Brenda Brouwer, Dean, Smith School of Business. “These are our neighbours, friends, employers of our students, and the businesses, stores, and services we rely on day-to-day. We want to contribute what we can to help them through this difficult time.”
Tapping into Student Resources
Through a matching platform, interested businesses can tap into the time, expertise, and skills of Smith students, which can range from research, strategic planning, and digital development, to sales, marketing, design thinking, and applying for grants. Once registered, businesses are contacted by a student consultant to confirm specific needs and to match with appropriate resources.
Participating students come from across Smith’s programs, from undergraduate to professional masters and graduate level research programs, and bring a diverse range of skills and experience suited to assisting businesses small and large. Each student consultant is supported by a Smith faculty member.
“Kingston is tremendously blessed to have the wealth of talent and expertise within our post-secondary institutions at Queen’s and St. Lawrence College,” says Donna Gillespie, Chief Executive Officer, Kingston Economic Development. “During these incredibly challenging business times, leveraging these assets and supporting our business community together is paramount to address immediate needs and how we, as a community can support and prepare businesses for the path to recovery.”
Community classrooms with experts
As part of Kingston Region Business Support Effort, Smith School of Business faculty and instructors will also host free webinars designed specifically for regional businesses to help tackle their day-to-day challenges.
The initial online Community Classroom Learning Sessions will take place on April 22 and April 29. Peter Gallant, Adjunct Assistant Professor of Strategy, Innovation, and Entrepreneurship will lead the first webinar entitled Cashflow During Coronavirus: Strategy and Tactics for Business Survival and Recovery in the Age of COVID-19. The second, entitled Anticipating the New Normal: Critical Changes to Plan Today will be led by Ken Wong, Associate Professor and Distinguished Professor of Marketing.
Registration for these sessions and information about future sessions can be found on the website. Planned topics will include negotiation with banks and creditors, and innovating and pivoting.
“The efforts being made by people and organizations across the Kingston region to respond to the challenges brought on by COVID-19 are inspiring,” says Patrick Deane, Queen’s Principal and Vice-Chancellor. “I am especially proud of our faculty, staff, and students who have been engaged on healthcare’s front lines, assisting local businesses, and contributing crucial research and development expertise to help our community through this difficult period.”