Ann Arbor MI-SBTDC

Love a Local Business - $25,000 Intuit Grant

2012-01-19T10:11:00.001-05:00

Support local businesses in your city! This month, Intuit is giving away $25,000 to a deserving local business.

The Love A Local Business competition lets fans, including customers, vendors, employees, and the community, determine who deserves some love - in the form of small business grants. Votes from small business owners and fans accumulate between January 1- 31, 2012.

Voting is easy, and fast.

Just share a few brief thoughts about why you love a local business. Nominate a favorite business yourself if you don't find it on the list. Only one vote per business, but you can vote for as many businesses as you like. The more votes a business gets, the more chances it has to win the $25,000.

Your words matter!
So make your opinion known, and vote to help out a deserving local business in your communinty. At the end of the month, one business is randomly chosen from all of the votes posted since the start of the contest on January 1st. Intuit has already awarded over $850,000 in small business grants.

Veronica Weaver - Encore Entrepreneur

2011-12-13T14:39:00.002-05:00

MI-SBTDC Satellite Director Retiring

It is with both joy and regret that we are announcing that Veronica "Roni" Weaver has decided to retire from her role as the MI-SBTDC Jackson Satellite Director at the Enterprise Group of Jackson, Inc. Roni has been our Jackson Satellite Director for almost 15 years and will be sorely missed.

We are pleased to announce that Roni is taking what she's learned working with our clients and applying it to her own venture, becoming an 'encore entrepreneur'. Roni will be going into the catering business, with a special focus on healthy lunches for pre-school and elementary school students. You can check out her website at www.fresh-is-best.com.

Roni became a certified Small Business Counselor in 2003. Her dedication to her clients, combined with her thorough knowledge of the Jackson area and her expertise in Marketing and the Hospitality industries, made her an important resource for our region. While we are pleased and excited for Roni, her energy and dedication to the Jackson community will be missed.

The Enterprise Group as well as the Greater Washtenaw Region SBTDC look forward to providing on-going product development and business support services to the Jackson community!

Remember to "Shop Small" Saturday November 26th

2011-11-17T13:56:00.001-05:00

The 2nd annual Small Business Saturday® is a day dedicated to supporting small businesses on one of the busiest shopping weekends of the year. On November 26, millions of Americans will shop small at their favorite local stores and help fuel the economy. When we all shop small, it will be huge!

Small Business Saturday (SBS) was created in 2010 by American Express in response to small business owners' most pressing need: creating more demand for their products and services. A total of 1.5 million Facebook users, 130 public and private organizations, and 41 elected officials declared their support for SBS last year. More than 100,000 small businesses downloaded SBS marketing materials, 10,000 businesses signed up for free Facebook advertising that ran on SBS, and 200,000 consumers registered their American Express cards to receive $25 statement credits when they shopped at a small business on SBS. Small retailers who accept the American Express Card saw a 28% increase in sales on SBS when compared to the Saturday after Thanksgiving in 2009.

Small Business Saturday Help

First there was Black Friday, then Cyber Monday. Now there's Small Business Saturday on November 26, is your small business ready for the rush? Check out the free tools -from tailored facebook ads to in-store signage- available to help make this your biggest sales day of the year!

In-store Signage - Create a variety of signage to raise awareness and attract customers on the big day.

E-Marketing Materials - Logos, e-mail templates plus Twitter and Facebook posts.

$100 Worth of Facebook Ads - Run customized ads that geo-target Facebook users in your area to help generate new customers and "Likes" for your business. Quantities are limited, so get them while supplies last.

Download Your Free Checklist

For more information please visit: http://smallbusinesssaturday.com/

Top Five Tips for Customer Service

2011-10-12T15:28:00.000-04:00

1. Be a good listener. Take the time to identify customerneeds by asking questions and concentrating on what the customer is reallysaying.

2. Identify and anticipate needs. Customers don't buyproducts or services, they buy good feelings and solutions to problems.

3. Help customers understand your systems. Take time toexplain how your systems work and how they simplify transactions.

4. Give more than expected. Since the future of allcompanies lies in keeping customers happy, think of ways to elevate yourselfabove the competition.

5. Get regular feedback. Encourage and welcome suggestionsabout how your business could improve.

Want to learn more? Register for Customer Service for the21st Century. This informative session is part of a four part series brought toyou in partnership with the MI-SBTDC of Washtenaw Community College and theWashtenaw Council of Chambers.

Marketing Malpractice - October 11th

2011-10-04T10:04:00.001-04:00

Frustrated with your current web marketing campaign? Are you paying too much for what you get, or too little to get what you need? Confused about who owns your e-mail list or website domain?

Using the Internet effectively is a critical piece of many small businesses' marketing strategies. Join us for Marketing Malpractice - Avoid Costly Web Marketing Mistakes, a panel of local experts, including web developers, graphic designers, and e-marketing professionals to discuss the do's and don'ts of website design and e-marketing tactics. Learn how to avoid costly mistakes and what a business owner can expect from their e-marketing.

This seminar will be held October 11th from 4:30-6:30pm at the Quarter Bistro in Ann Arbor. The $50.00 fee includes light refreshments and takeaway materials. For more information click here or contact your local Chamber of Commerce.

This informative session is part of a four part series brought to you in partnership with the MI-SBTDC of WCC and the Washtenaw Council of Chambers.

Metro Detroit pizzeria expansion creates 80 new jobs - Some positions will be filled on the spot at upcoming job fair

2011-07-01T13:16:00.004-04:00

Dexter, MI—Aubree’s Pizzeria and Grill, a local Michigan favorite announced today that it will host a job fair to fill 80 open positions. Aubree’s is opening its first franchise location in Dexter, Michigan. The job fair will be held on July 6th and 7th, from 9:00 am to 4:00 pm at the new restaurant location at 8031 N. Main Street.

Aubree’s management is seeking friendly, experienced restaurant workers. Job seekers may attend the fair on either day. Interviews will be conducted on the spot and selected applicants will be hired immediately. Aubree’s is looking for servers, bartenders, line-cooks, hosts, delivery drivers, server assistants and dishwashers.

“We pride ourselves on being over the top friendly. Angry or unhappy people need not apply,” said general manager, Lisa Morden. “We're about four simple things: food, service, atmosphere and being a good neighbor.”

The Franchisees renovated the former North Point Seafood & Steakhouse, previously housed in its current space. Customers can expect:

• A family friendly sports bar with more than 20 televisions, including several in booth seats where customers control the remote.
• Fourteen beers on draft, a variety of wine, nightly drink features and more than 15 Michigan brewed beers;
• For busy workers, Aubree’s offers an express lunch with all you can eat salad and pizza buffet and a daily happy hour.
• In addition to pizza, Aubree’s offers full line of appetizers, fresh baked breads, pub sandwiches, salads, specialty burgers and entrees.

Aubree's has been a privately owned Michigan based company for over 35 years with locations in Ypsilanti Depot Town, Ypsilanti Township, Northville and Marquette. For more information on Aubree’s, log on to http://www.aubrees.com/.

MI-SBTDC Business Consultant Named VP of Marketing for Ann Arbor SPARK

2011-06-06T09:31:00.003-04:00

It is with both joy and regret that we are announcing that Donna Doleman has accepted the position of Vice President, Marketing, Communications, and Talent at Ann Arbor SPARK.

Donna first came to the MI-SBTDC as a client deciding to launch her own business after declining a transfer from Pfizer, where she had been Director of Marketing for the Michigan region. In 2007 she launched her own marketing consulting firm DLA Group, LLC.

When the opportunity arose to join the MI-SBTDC as a business counselor, Donna accepted the challenge. Since then, she has become a highly valued member of the Greater Washtenaw team, making major contributions to the growth and health of our local economy.

Donna has an MBA from SUNY Buffalo and a BS from Florida A & M, she is also a proud graduate of the SBTDC Academy of Small Business Consultants. While Donna will be sorely missed, we are glad that she is going to one of our strongest local partners. We look forward to the opportunity to collaborate with her in this new position.

WXW Forum 2011

2011-05-03T11:55:00.004-04:00

On May 20th, 2011 the Women's Exchange of Washtenaw will be hosting its dynamic, informative, all-day forum for women business leaders. At this conference you'll learn from established members of the business community, talk to business assistance providers, and network with hundreds of businesswomen. The mission of WXW is to engage the business community and work through the common issues women business leaders face in their efforts to grow and improve their companies. This day-long forum provides an interactive and lively experience with regional speakers, workshops, and breakout sessions.

2011 is the fourth year WXW is offering this annual women business leaders conference. The morning session will offer intensive and interactive workshops facilitated by well known local business leaders, who are prepared for your business questions. Key Note speaker Debra Fine, author of The Fine Art of the Big Talk How to Win Clients, Deliver Great Presentations, and Solve Conflicts at Work, will share her insight on how networking and communication builds business. After lunch attendees will have the opportunity to choose from one of six different mini-panel sessions that cover topics such as sales, business growth, life balance, board membership, and more. Then end of the day wraps up with a happy hour that includes wine, food, music, and one of the best networking opportunities in the state.

Over 300 attendees from Southeast Michigan and Northeast Ohio are expected to attend this empowering event. The MI-SBTDC is a proud sponsor of this one of a kind event which encourages women to continue building their success as a business leader.

To register please visit: http://www.eventbrite.com/event/1429753431
For more information on WXW: http://wxwbusiness.com/

Progress And Success Through Regional Collaboration

2011-03-29T09:47:00.006-04:00

The South Central Michigan Regional Entrepreneur Collaborative (SCM-REC) web site has compiled the multitude of entrepreneurial resources within Hillsdale, Jackson and Lenawee Counties. Wherever you are with your business, pre-startup, new business launch, growth or expansion, or business succession, our goal is to provide you with the resources you need to make educated and informed decisions about your business.

We invite you to utilize this site as a source for your business development. Here you will find training sessions, local resources, networking events, and more. Visit: http://www.espotmi.org/

Legal Issues Seminar Feb 16th 3:00-5:00pm

2011-02-15T10:37:00.003-05:00

New or established small business owners will gain essential information regarding their legal obligations, when to seek legal counsel, and potential pitfalls. Join local attorney Mary Comazzi of Manchester & Associates as she provides ways to successfully avoid legal issues common to small businesses. Topics include tax and liability issues, along with basic elements of a contract, collections, licenses, registrations, employment and property issues, leasing and insurance. This seminar is designed to guide prospective and current business owners in setting up the organizational structure that will help protect them from unnecessary legal challenges.

Speaker(s): Mary E. Comazzi, Esq. Manchester & Associates

Fee: $40.00

Please register online or by calling the office directly, 734-547-9170.

Seating is limited for this informative seminar. Please register online or by calling the office directly, 734-547-9170.

Jobs Act Supported More Than $12 Billion in SBA Lending to Small Businesses in Just Three Months

2011-01-03T16:45:00.002-05:00

WASHINGTON – Today, SBA Administrator Karen Mills announced that as of Dec. 31 the agency had approved more than $10.3 billion in loan guarantees which supported more than $12 billion in lending to small businesses since President Obama signed the Small Business Jobs Act of 2010 on Sept. 27. The Jobs Act included an extension of reduced fees and higher guarantee loan enhancements in the agency’s two largest loan programs.

In a statement, Mills noted that SBA moved quickly to get these critical loan dollars in the hands of small businesses and just three months later all of the $505 million in subsidy provided in the Jobs Act to support the loan enhancements has been utilized by the agency’s national network of lending partners. In light of that, the SBA has activated the SBA loan queue to ensure that any remaining funds that result from loan cancellations in the coming weeks are redirected to new Jobs Act loans.

Following is the full statement from Mills:
“In just three months since the Small Business Jobs Act was signed into law, SBA supported more than $12 billion in lending to small businesses and entrepreneurs across the country. SBA is on the front lines with small business owners and our lending partners every single day. I’m very proud that as a result of those close relationships and partnerships we were able to quickly put this significant amount of capital into the hands of our nation’s largest job creation engine.

“The loan enhancements of higher guarantees and reduced fees first implemented as part of the Recovery Act have been a vital resource for tens of thousands of small businesses at a critical time when lending markets had dried up. Beginning in February 2009, these loan enhancements engineered a significant turnaround in SBA lending, including driving record-high levels of SBA lending in recent weeks. The end result is that the agency helped put more than $42 billion in the hands of small businesses through the Recovery Act and Jobs Act combined.

“These enhancements have been a key piece of the Obama Administration’s efforts to help small businesses drive our nation’s economic recovery. As we transition back to our standard guarantees and fee rates, SBA loan programs will continue to play an important role, as they have for decades, in helping entrepreneurs and small business owners start or grow their businesses and create jobs.

“The Small Business Jobs Act is the most consequential piece of legislation affecting small businesses enacted in more than a decade. While we are proud of how quickly SBA could provide $12 billion in capital to small businesses, we remain focused on implementing other key provisions of this law that will continue to expand access to capital, help small businesses compete for federal contracting dollars, strengthen small business exports and provide other critical support.”

During the quarter, SBA approved nearly 22,000 small business loans for $10.47 billion, supporting a total of $12.16 billion in lending. The amounts are greater than the volume for Jobs Act loans over the same period because they exclude some loans that were not eligible for one or more Jobs Act enhancements.

Background on SBA Loan Enhancements:
SBA expands access to capital for small businesses by providing government-guarantees on loans made by commercial lenders. The Small Business Jobs Act extended higher guarantees and reduced fees on its two most popular loan programs, enhancements first enacted in the American Recovery and Reinvestment Act of 2009.

From Feb. 17, 2009, when the Recovery Act was signed, through Sept. 30, 2010, the SBA approved more than $22.5 billion in loan guarantees, which supported more than $30 billion in lending small businesses, due to the loan enhancements put in place by the Act. The enhancements were funded with approximately $680 million in subsidy funds provided during the period.

Following the extension of the enhancements in the Jobs Act, the agency approved an additional $10.3 billion in loan guarantees, supporting more than $12 billion in lending to small businesses from Sept. 27 through Dec. 31, funded by just $505 million in subsidy funds. The three-month extension of the loan enhancements under the Jobs Act financed the highest volume in a fiscal year’s first quarter than at any time in the agency’s history. During the week of Dec. 18-24, SBA supported a record-high $1.95 billion in small business loans, the highest dollar volume since the agency began tracking its weekly loan volumes.

SBA Loan Queue:
Authority to continue the loan enhancements was extended through March 4 by Congress last month. While there is no additional appropriation of subsidy funds to support the loan enhancements, the extended authority does allow the agency to redirect, through the SBA Loan Queue, any dollars that come available from loan cancellations in the coming weeks to new loans with the enhancements.

It is typical that some previously approved loans are later cancelled by the borrower or lender and never disbursed for a variety of reasons. The queue takes this into account and will allow eligible small businesses, in consultation with their lenders, to choose to be placed in the queue for possible approval for a Jobs Act loan if funding becomes available. Small business owners and lenders will have transparent access to the queue via www.sba.gov and will be able to remove themselves from the queue at any time to be considered for a non-Jobs Act SBA-backed loan with all applicable fees and, for 7(a) loans, standard guarantee levels.

Small Business Jobs Act of 2010:
The Small Business Jobs Act included an array of provisions aimed at helping small businesses gain access to capital, compete for federal contracting opportunities, expand exporting opportunities and obtain other assistance to help them grow and create jobs. More information on the Jobs Act can be found at www.sba.gov/jobsact

Important Survey to Determine Entrepreneurial Resources in Lenawee, Hillsdale and Jackson Counties

2010-12-13T09:21:00.002-05:00

Please complete this survey by DECEMBER 17, 2010.

To help create and sustain a vibrant, "entrepreneur-friendly" environment in the tri-county region of Jackson, Lenawee and Hillsdale counties - we need to hear from you. Please take a few minutes (no more than 10!) to complete the following survey. We will use the collected information to target specific resources into our area that are designed to meet your needs and desires. Thank you for your time!

Start Survey

This survey is part of a grant awarded to South Central Michigan Works for the Regional Entrepreneurial Collaborative with the goal assisting anyone in the tri-County area who has a business idea, a start-up company or currently operates a small business.

How to Become a Government Contractor Seminar- December 1st, 2010

2010-11-10T08:42:00.003-05:00

Did you know that the federal government purchases more than $518 billion of goods and services a year and the State of Michigan has a diverse portfolio valued at more than $19 billion? Find out what it takes to sell your goods and services to the federal government and the State of Michigan December 1st at Washtenaw Community College. In addition learn about the services and continuous support the Procurement Technical Assistance Center (PTAC) has available to help your company with the contracting process.

State of Michigan Contracting

• What products and Services does the State of Michigan buy?
• Vendor Registration
• Obtaining Bidding Information
• Planning and Researching for State Procurement Opportunities
• Marketing Your Product or Service
• Freedom of Information Act (FOIA)

Federal Government Contracting

• Classifying your Product or Service (NAICS, SIC Codes< PSC/FSCs) • Getting registered: CCR and Dynamic Small Business Search • Small Business Programs: Set-asides, Small Business, Small Disadvantaged Business, 8(a), Veteran Owned, etc. • Finding Opportunities • Types of Solicitations • Marketing Strategies: Finding Opportunities, Subcontracting • Laws and Regulations • The Bid Process • Debriefing There is a $40.00 fee per person to attend this event. Please preregister through the link provided or by calling 734.462.4438 as space is limited.

Washtenaw Community College is a smoke-free campus; please refrain from use of all tobacco products while on college grounds. Thank you for your compliance.

SBA Growth Capital Program

2010-10-28T09:25:00.006-04:00

At a time when capital was scarce for small business, financing from the U.S. Small Business Administration's growth capital program increased 23 percent in fiscal year 2010, providing a record $1.59 billion to help small businesses grow and create jobs, according to SBA Administrator Karen Mills.

The fiscal year 2010 volume is the highest single-year volume in the 50-year history of SBA's Small Business Investment Company (SBIC) debenture program. Increase volume in the program is in part a result of changes made by the American Recovery and Reinvestment Act of 2009. Those changes contributed to an increased number of new SBIC licenses, decreased license processing times, and initial capital to new funds rose dramatically.

"At a time when access to capital was tight, including traditional sources for growth capital, SBA helped fill some of that gap with a record amount of financing through our SBIC program," Mills said. "Across the country, there are small business owners and entrepreneurs who are well-positioned to take that next step, grow their business and create good paying jobs. Our efforts to strengthen our program efficiency and increase funding available through the SBIC program has provided another critical tool to help these small businesses get the capital they need and drive economic growth."

The SBIC program was created to stimulate the growth of America's small businesses by supplementing the long-term debt and private-equity capital available to them. SBA's SBIC fiscal year 2010 results included the following:

Record High Financing to Small Businesses: Total financings to the SBA SBIC debenture program grew to a 50-year record high of $1.59 billion in fiscal year 2010 - a 23 percent increase over an average $1.29 billion in the four previous years. Debenture program obligations grew to $1.17 billion from an average $750.6 million, another 50-year record high.
More Licensed SBICs and Faster Processing Times: Twenty-one (21) new SBIC licensees were issued in fiscal year 2010, a 130 percent increase over the four-year average of 10 per year. Additionally, SBIC license processing time improved to just 5.8 months in fiscal year 2010, a nearly 60 percent decrease from an average of 14.6 months in 2009.
Record High Capital Commitment to Support Small Businesses: SBA capital commitments to new funds broke yet another 50-year record increasing to $1.23 billion in fiscal year 2010, a 135 percent jump from an average of $524.3 million in the four previous years. Equally important, the programs attracted record levels of private capital commitments, increasing to $615 million in 2010 from $262.1 million in previous years- another 135 percent increase. Combined total initial capital to new funds increased to $1.845 billion in FY 2010 from an average $786.4 million.

SBICs are privately-owned and managed investment firms that are licensed and regulated by SBA. SBICs use a combination of funds raised from private sources and money raised through the use of SBA guarantees to make equity and mezzanine capital investments in small businesses. There are more than 300 SBICs with more than $16 billion in capital under management.

Since the SBIC program's formation in 1958 through April 2009, it has invested approximately $56 billion in more than 100,000 small businesses in the United States. For more information about the SBA's investment Division and SBIC program, go to http://www.sba.gov/INV or call 1-800- U ASK SBA

5 Keys to Successful Financial Management

2010-10-04T15:10:00.005-04:00

Program Details
● Identifying problems using your balance sheet and income statement
● Providing ways to increase your company's cash flow
● Using breakeven analysis to improve decision-making
● Planning the working capital to support your growth
● Keeping the banker on your side

Who Should Attend?

CEOs of businesses with at least three years of financial history who want to have a better understanding of how to use their financial statements to make better business decisions.

Client Quotes

"I recommend the Fiscal Fitness for business owners who believe that they don't have the time to go to a class. The class is an important part of the paradigm shift in the minds of small business owners. It was easy to understand and is a great way to produce productivity in an already existing company by just changing some of the fundamental ways in which you do business." - Rina N. Risper, The New Citizens Press

"Last week I attended a seminar called Fiscal Fitness for the Growing Business that was held by our local SBTDC. In a word...Wow! I have been to numerous seminars that tell you what you should do to improve your business but very rarely have I attended one that actually gave you the tools and told you how to go about it. This seminar is a must for all small business owners." Kathie Fuce-Hobohm, SPACE, Inc.

When & Time: October 21, 2010, 8:00am to Noon
Where: Washtenaw Community College Morris Lawrence Building, 4800 East Huron River Dr, Ann Arbor, MI
Fee and Registration:$75.00 - Includes workbook and continental breakfast.
$25.00 - Scholarships are available through Fifth Third Bank, Contact Shannon Beeman, 734.547.9170

Registration is required
Online:http://www.misbtdc.net/workshop.aspx?ekey=120300023

Reasonable arrangements for persons with disabilities will be made if requested at least two weeks in advance.

Statement from Administrator Mills on House Passage of Small Business Jobs Bill

2010-09-24T10:14:00.002-04:00

WASHINGTON – SBA Administrator Karen Mills today issued the following statement regarding the passage of the Small Business Jobs and Credit Act by the U.S. House of Representatives:

"Today’s vote by the House to send the Small Business Jobs and Credit Act to the President for his signature is a key step forward in making sure small businesses have the resources they need to do what they do best – create jobs and drive economic growth. This bill includes billions in tax cuts specifically targeted to small businesses so they can put more of their own resources into growing their business. At the same time, this bill ensures those very businesses have access to the capital they need by extending SBA’s successful Recovery loan enhancements and putting local, community banks in a position to be a real partner for small businesses and entrepreneurs. This bill is the right step forward for our nation’s small businesses and our economy."

For more information on the SBA and how they can assist your small business please visit: http://www.sba.gov/

August FastTrac Orientation

2010-07-26T10:14:00.005-04:00

The Fast Trac® Orientation is required to register for the Fast Trac® Courses in Lenawee, and Jackson Counties. This half day session will orient you to the Fast Trac® program and what commitment will be required of you as the entrepreneur. At this session you will spend time with an advisor who will help you select, and enroll in the Fast Trac® entrepreneurial program best suited for you and your business.

There's no substitute for experience. Nothing proves better than Fast Trac® a program facilitated by entrepreneurs who are not only knowledgeable but have a proven ability to connect with people. They create an environment that encourages you to interact with other entrepreneurs - gaining insight from their experiences and establishing relationships.

Date: August 27th from 9:00am to 12:00pm in Adrian & 2:00pm 4:00pm in Jackson

Location: LEDC and Jackson District Library
Speaker(s): MI-SBTDC Business Counselors
Co-Sponsor(s): LEDC & MEDC
Fee: Free (while the event is free please bring $50 to enroll in the FastTrac® program)

Experience and Expertise to Help You Grow:
There's no substitute for experience. Nothing proves better than Fast Trac® a program facilitated by entrepreneurs who are not only knowledgeable but have a proven ability to connect with people. They create an environment that encourages you to interact with other entrepreneurs - gaining insight from their experiences and establishing relationships.
Owning your own business is the American dream. Building it to withstand the test of time requires a unique set of tools. That's where Fast Trac® makes a difference by providing the opportunity to:

-Objectively evaluate your concept and plans for moving forward-Develop a working knowledge of business fundamentals-Begin building an infrastructure for your business operations and processes-Explore risk and success factors in the marketplace-Understand how to access human, financial and business resources-Network with entrepreneurs and professionals-Learn how to respond to changes that can impact your business Build an actionable business plan you can execute.

When you walk out the door, you will have a well-formulated plan for moving forward that is custom-made by you and one you believe in and can execute. The goals of the Fast Trac® program are for you to:

-Fully analyze your business concept by examining in depth:-Your role as an entrepreneur-How your product or service meets market needs-The financial feasibility of your venture
Producing a full and actionable Business Plan that includes:-Cash Flow-Effective Structure of your management team-Realistic marketing and sales plan-Planning your product or service fulfillment Seeking and getting investment in your business.

For more information on Fast Trac® training or any MI-SBTDC workshop please visit our Calendar of Training on our main website http://www.misbtdc.net/events.aspx or email our office, sbtdc@wccnet.edu.

Retail Success July 14th

2010-06-30T09:53:00.003-04:00

The MI-SBTDC is holding an Inventory Management and Marketing Workshop in conjunction with the Ann Arbor Ypsilanti Regional Chamber of Commerce that will benefit all retail business owners.

When should you buy merchandise? What quantity? What is your pricing policy? In this seminar you will review how to calculate inventory turns, when to do markdowns, how to track sales and place buying according to category, and how to take advantage of buying discounts. Additional topics include inventory management and merchandising, sales and marketing, operations, seasonal environments, and holiday preparation. Retail Success is an advanced class for managers and owners of small to mid-size retail stores.

Ron Stevens, retail marketing expert and MI-SBTDC Senior Business Consultant, will be presenting. Ron has worked around the country with retail giants Marshalls and K-Mart. He brings extensive knowledge about retail marketing and merchandising.

WHEN: July 14, 2010 8:00am-10:00am EST

WHERE: Ann Arbor Ypsilanti Regional Chamber of Commerce
115 W Huron St, # 3, Ann Arbor, MI 48104

COST: $25:00 per person

REGISTER: http://www.misbtdc.net/workshop.aspx?ekey=120300013

CONTACT: Shannon Beeman or Amy Dibble at 734.547.9170 for more information and to register!

New Michigan Farm Market & Ag Tourism Directory is now available

2010-06-14T16:10:00.003-04:00

LANSING- Just in time for summer’s food and activity enjoyment, the 2010 Michigan Farm Market and Agricultural Tourism directory is now available.

"This statewide listing of farm markets, U-pick operations, cider mills and much more is the perfect pocket guide for those looking for farm fresh Michigan produce and specialty food products like jams, jellies, baked goods, ice cream, maple syrup and honey," said Don Koivisto, director of the Michigan Department of Agriculture (MDA). "The directory also helps locate family friendly activities down on the farm, such as hay rides, petting farms, fishing ponds, corn mazes, and riding stables."

The 2010 directory was created by the Michigan Farm Marketing & Agri-Tourism Association (MI-FMAT) in partnership with Julian Vail, LLC and Farm Bureau Insurance. Copies of the directory are available free of charge at all Michigan Welcome Centers and at nearly 450 Farm Bureau Insurance agent offices across Michigan, as well as county Farm Bureau offices.

"Farm markets and agri-tourism are an important part of the agriculture industry in Michigan," said Jim Robinson, executive vice president of Farm Bureau Insurance. "As Michigan's Insurance Company, we are proud to support efforts that promote homegrown Michigan products. This directory is a guide to having fun on the farms and in the rural communities of our great state."

The directory has more farm market listings than last year's, features an alphabetical index, and has a regional tab design to help customers find the markets and products they are searching for. It also features 16 full-color pages and an availability chart showcasing when the various types of fresh Michigan fruits and vegetables produced are in season.

"The Michigan Farm Marketing and Agri-Tourism Association is proud to provide this directory for our customers," said Steve Tennes, MI-FMAT board president and operator of The Country Mill in Charlotte. "Michigan farm marketers are gearing up for a terrific season, and look forward to welcoming visitors to their farms to share our high quality, locally grown food and agricultural products and unique on-farm experiences."

In addition to the printed directory, farm listings can be accessed via a searchable database on MI-FMAT's Web site at www.MichiganFarmFun.com. Links to the electronic directory are also accessible from MDA's agricultural tourism Web page at www.michigan.gov/agtourism, the Farm Bureau Insurance Web site at www.farmbureauinsurance-mi.com, and the Michigan Farm Bureau Web site at http://www.michiganfarmbureau.com/.

For the Farm Bureau Insurance agent nearest you, visit http://www.farmbureauinsurance-mi.com/. For more information about MI-FMAT and its mission and services, visit http://www.michiganfarmfun.com/.

SBA AGREEMENT TO STIMULATE RURAL BUSINESS CREATION AND EXPANSION

2010-06-08T08:38:00.002-04:00

HILLSBORO, Mo. - Agriculture Secretary Tom Vilsack and U.S. Small Business (SBA) Administrator Karen G. Mills today announced that the two agencies have signed an agreement to encourage sustainable growth and development of rural small businesses. The announcement was made during the National Summit of Rural America, which gathered agricultural leaders, farmers, ranchers, community leaders, and residents of rural communities to share their vision and ideas that can help rebuild and revitalize rural America.

"The Obama Administration strongly supports efforts to develop new and existing businesses and this new partnership will help increase access to capital in rural communities which can spur business growth and job creation," Vilsack said. "USDA has many business programs designed to promote small business development, including direct and guaranteed loans and grant assistance and we look forward to partnering with the SBA in our business development and support efforts."

The agreement between the SBA and USDA is designed to reach out to people and places in rural areas and small communities with underserved financial needs. Prospective small businesses owned by minorities, women and veterans also are expected to benefit from this joint effort to encourage sustainable growth and development. USDA Rural Development's Rural Business Service will provide loan guarantees, loans and grants; the Small Business Administration will provide loan guarantees.

The MOU will remain in effect for three years. Under the agreement, USDA Rural Development and SBA will use their respective resources to provide small businesses in rural areas with loan guarantees and technical assistance to help build diverse and sustainable economies, reverse population decline, create and sustain jobs, and improve quality of life. The agreement is expected to:

Improve opportunities for small businesses to start and grow;

Improve coordination in the delivery and development of programs; and

Increase the number of small business loans guaranteed by USDA and SBA.

"Small businesses and entrepreneurs are a key source of job creation and the foundation of local economies in rural communities across the country. Both SBA and USDA are committed
to bring our collective expertise, financial resources and experience to help start, grow and sustain rural businesses and promote entrepreneurship," Mills said. "This partnership represents the Obama Administration's ongoing commitment to working across our various agencies to increase economic opportunity for rural citizens."

Key goals of this partnership include strengthening marketing and outreach by enabling each Agency's field offices to advise potential small business borrowers of the other Agency's credit programs that may support all or a portion of the small business' financing needs. USDA Rural Development and SBA field offices will exchange promotional and reference materials, including brochures and training schedules, and will distribute the other Agency's information to its field network and its potential applicants when appropriate.

USDA and SBA will also encourage their networks of resource partners to refer rural businesses to the other Agency's resources, where appropriate. Rural Development's network includes National and State Rural Partnership Councils, State and sub-State Offices, and Appropriate Technology Transfer to Rural Areas. SBA's network includes Small Business Development Centers, SCORE Chapters, U.S. Export Assistance Centers, Veteran Business Outreach Centers and Women's Business Centers. By mutual agreement, USDA and SBA may identify pairings of State and district offices to explore mutual best practices available to serve clients.

The Small Business Administration works to assist and protect the interests of small business. SBA guarantees loans and provides business development assistance to small businesses. It administers its programs through district offices throughout the United States and provides additional services through its network of resource partners: the Small Business Development Centers (SBDC), SCORE, U.S. Export Assistance Centers (USEAC), Women's Business Centers (WBC), and Veterans Business Outreach Centers (VBOC).

USDA, through its Rural Development mission area, administers and manages more than 40 housing, business and community infrastructure and facility programs through a national network of 6,100 employees located in the nation's capital and in 500 national, state and local offices. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America. Rural Development has an existing portfolio of more than $134 billion in loans and loan guarantees.

President Obama Proclaims National Small Business Week Highlights Small Business Growth and Job Creation

2010-05-24T08:23:00.006-04:00

WASHINGTON – Calling small business the backbone of the nation’s economy, President Barack Obama stressed his Administration’s commitment "to helping small businesses drive our economy toward recovery and long-term growth" in his proclamation of the week of May 23-29 as National Small Business Week.

The President’s proclamation was issued yesterday prior to the U.S. Small Business Administration’s 47th annual observance of National Small Business Week in Washington, D.C. (May 23-25). The event honors the nation’s most outstanding entrepreneurs, and features the announcement of the National Small Business Person of the Year for 2010 from among the 53 state small business winners, including the District of Columbia, Puerto Rico and Guam.
President Obama will meet with Small Business Week award winners at the White House Tuesday.

"Small business owners embody the spirit of entrepreneurship and strong work ethic that lie at the heart of the American dream. They are the backbone of our Nation's economy, they employ tens of millions of workers, and, in the past 15 years, they have created the majority of new private sector jobs. During Small Business Week, we reaffirm our support for America's small businesses and celebrate the proud tradition of private enterprise they represent.

"Our Nation is still emerging from one of the worst recessions in our history, and small businesses were among the hardest hit. From mom-and-pop stores to high tech start-ups, countless small businesses have been forced to lay off employees or shut their doors entirely. In these difficult times, we must do all we can to help these firms recover from the recession and put Americans back to work. Our Government cannot guarantee a company's success, but it can help create market conditions that allow small businesses to thrive.

"My Administration is committed to helping small businesses drive our economy toward recovery and long-term growth. The American Recovery and Reinvestment Act has supported billions of dollars in loans and Federal contracts for small businesses across the country. The Affordable Care Act makes it easier for small business owners to provide health insurance to their employees, and gives entrepreneurs the security they need to innovate and take risks. We have also enacted new tax cuts and tax credits for small firms. Still, we must do more to empower these companies.

"In this year's State of the Union address, I proposed creating a $30 billion lending fund to help increase the flow of credit to small businesses, and I call on the Congress to pass this legislation quickly. My Administration is also working to extend and enhance Small Business Administration programs that have helped small business owners acquire loans and hire workers.

"This week, we celebrate the role of entrepreneurs and small businesses in our national life. They are the engine of our prosperity and a proud reflection of our character. A healthy small business sector will give us vibrant communities, cutting edge technology, and an American economy that can compete and win in the 21st century."

The full text of the President’s National Small Business Week proclamation can be found at:
http://www.whitehouse.gov/the-press-office/presidential-proclamation-small-business-week
National Small Business Week 2010 will begin with two-and-a-half days of events in Washington, D.C., at the Mandarin Oriental Hotel, where more than 100 outstanding business owners from across the country will be recognized. In addition to the State Small Business Persons of the Year, men and women involved in disaster recovery, government contracting, small business champions as well as SBA partners in financial and entrepreneurial development will be honored.

A Keynote Address by SBA Administrator Karen Mills will highlight Monday morning’s agenda followed by Mills hosting a Town Hall Meeting entitled Small Business: Driving America’s Economy. Also featured are a series of executive panel forums on Innovation, Exporting and Social Media.

Among the featured speakers confirmed are The Honorable Janet Napolitano, Secretary of the Department of Homeland Security and The Honorable Ray LaHood, Secretary of Transportation. A list of other outstanding speakers including prominent business leaders, CEOs and politicos, are listed with the full agenda at http://www.nationalsmallbusinessweek.com/.

The public can "attend" Small Business Week events virtually, via the SBA’s streaming video on the Web at http://www.NationalSmallBusinessWeek.com/.

Editors – please note: A complete list of all award winners also is available on the National Small Business Week Web site at
http://www.nationalsmallbusinessweek.com/ and click on Winners.

Small Business Week 2010 sponsors and cosponsors include: Sam’s Club, Visa, Ford, ADP, Raytheon, Cbeyond, UPS, Intuit, Google, eBay, AT&T, Northrop Grumman, Lockheed Martin, D&B, Verio, Nomadic Display, ASBDC, NADCO, NAGGL, NASE, NSBA, WIPP and SCORE.

The U.S. Small Business Administration’s participation in this cosponsored activity does not constitute an express or implied endorsement of any cosponsor’s, donor’s, grantee’s, contractor’s or participant’s opinions, products, or services. All SBA programs and cosponsored programs are extended to the public on a nondiscriminatory basis. Reasonable arrangements for persons with disabilities will be made, if requested at least 2 weeks in advance, by contacting sbw@sba.gov. Cosponsorship Authorization #SBW2010

IRS Open House for Small Business May 15th

2010-05-11T10:04:00.001-04:00

WASHINGTON — The Internal Revenue Service will host a special nationwide Open House on Saturday May 15 to help small businesses and individuals solve tax problems.

Approximately 200 IRS offices, at least one in every state, will be open May 15 from 9 a.m. to 2 p.m. local time. IRS staff will be available on site or by telephone to help taxpayers work through their problems and walk out with solutions.

“Our goal is to resolve issues on the spot so small businesses and individuals can put any issues they have with the IRS behind them,” IRS Commissioner Doug Shulman said. “If you have a problem filing or paying your taxes or resolving a tough tax issue, we encourage you to come in and work with us.”

IRS locations will be equipped to handle issues involving notices and payments, return preparation, audits and a variety of other issues. At a previous IRS Open House on March 27, approximately two-thirds of taxpayers requested and received assistance with payments and notices.

So, for example, a taxpayer who cannot pay a tax balance due can discuss with an IRS professional whether an installment agreement is appropriate and, if so, fill out the paperwork then and there. Assistance with offers-in-compromise will also be available. Likewise, a taxpayer struggling to complete a certain IRS form or schedule can work directly with IRS staff to get the job done.

IRS Open House Locations: http://www.irs.gov/localcontacts/article/0,,id=220631,00.html

Each office will be open from 9:00 a.m. until 2:00 p.m. local time.

Detroit: 477 Michigan Ave.Detroit, MI 48226

Flint: 815 S. SaginawFlint, MI 48502

Grand Rapids: 3251 N. Evergreen Dr. N.E.Grand Rapids, MI 49525

FastTrac registration has been extended until April 30, 2010.

2010-04-20T16:20:00.000-04:00

FastTrac registration has been extended until April 30, 2010.

Intensive 6-week program designed to test your business idea, broaden your understanding of business, plan your financial needs to avoid cash flow problems, structure your business operations for efficiency, and develop entrepreneurial skills through a practical, hands-on approach. Participants will work on their own business ideas or ventures throughout the program.

Total Cost $50.00Thanks to scholarships provided by the Michigan Economic Development Corporation and the Lenawee Economic Development Corporation.

PLEASE CALL THE MICHIGAN SMALL BUSINESS & TECHNOLOGY DEVELOPMENT CENTER AT 734-547-9170 to register.

Program Details:
Tuesday’s, Beginning May 4, 8:30-3:00 p.m., (ends June 15), Location: Lenawee Economic Development Corporation5285 W. US-223Adrian, MI 49221Lower Level (Lunch provided)Class size is limited.

This program is sponsored by the Michigan Small Business & Technology Development Center, the Michigan Economic Development Corporation and the Lenawee Economic Development Corporation.

LOCAL CONTACTS: Shannon Beeham, Intake Counselor, MI-SBTDC (734) 547-9170
Catherine Abad, Senior Business Consultant, MI-SBTDC (517) 263-4700 OR (517) 902-3361

Program Facilitators:
Catherine J. Abad, Senior Business ConsultantCharles Penner, Regional DirectorRon Stevens, Senior Business Consultant

April 16th Adrian FastTrac Orientation

2010-04-13T10:48:00.003-04:00

The Fast Trac® Orientation is required to register for the Fast Trac® Courses in Lenawee, Hillsdale, and Jackson Counties. This half day session will orient you to the Fast Trac® program and what commitment will be required of you as the entrepreneur. At this session you will spend time with an advisor who will help you select, and enroll in the Fast Trac® entrepreneurial program best suited for you and your business.

Date: April 16th from 8:30am to 1:00pm

Speaker(s): MI-SBTDC Business Counselors

Co-Sponsor(s): LEDC & MEDC

Fee: Free (while the event is free please bring $50 to enroll in the six week program)

Location: LEDC 5285 W. US-223, Suite A Adrian, MI 49221

Experience and Expertise to Help You Grow:

Owning your own business is the American dream. Building it to withstand the test of time requires a unique set of tools. That's where Fast Trac® makes a difference by providing the opportunity to:

-Objectively evaluate your concept and plans for moving forward
-Develop a working knowledge of business fundamentals
-Begin building an infrastructure for your business operations and processes
-Explore risk and success factors in the marketplace
-Understand how to access human, financial and business resources
-Network with entrepreneurs and professionals
-Learn how to respond to changes that can impact your business Build an actionable business plan you can execute.

-Fully analyze your business concept by examining in depth:
-Your role as an entrepreneur
-How your product or service meets market needs
-The financial feasibility of your venture

Producing a full and actionable Business Plan that includes:
-Cash Flow
-Effective Structure of your management team
-Realistic marketing and sales plan
-Planning your product or service fulfillment Seeking and getting investment in your business.

You're Invited to the Michigan Celebrates Small Business.

2010-04-06T10:16:00.005-04:00

Join us this year for the state's premier awards event Michigan Celebrates Small Business.
Thursday, the twenty-ninth of April, two thousand and ten at the Lansing Center, 333 East Michigan Avenue, Lansing, MI 48993.

Local business owners, entrepreneurs, and supporters of small business from across the state will celebrate with the reward recipients at the annual dinner and awards program. Governor Jennifer Granholm will open the awards dinner with a keynote address to the expected 1,000 guests.

Hors d'oeuvres begin at five o'clock with dinner and awards presentation starting promptly at seven in the evening.

R.S.V.P. by visiting www.MichiganCelebrates.biz or by calling 800.362.5461

Please have the names of the individuals attending from your organization as well as your credit card information available. Table discounts are available.

Special seating requests, such as sitting with individuals outside of your organization or with an award winner, must be made no later than Monday, April 12, 2010.

We Would Like to Thank:

The U.S. Small Business Administration,
Small Business Association of Michigan,
Michigan Economic Development Corporation,
Michigan Small Business and Technology Development Center,
and the Edward Lowe Foundation would like to thank the 2010 Underwriters:

PNC
Clark Hill
Michigan Economic Development Corporation
Michigan Certified Development Corporation
Accident Fund
Comcast Business Class
Comcast Spotlight
Dynamic Edge, Inc.

SBA’s 2010 Michigan Small Business Award Winners Are Announced!

2010-03-10T08:06:00.007-05:00

DETROIT – The U.S. Small Business Administration has announced the winner of its 2010 Michigan Small Business Person of the Year and its other awards. They will be presented on April 29, 2010 during the sixth annual Michigan Celebrates Small Business awards event at The Lansing Center in Lansing. Governor Jennifer Granholm will be the keynote speaker to recognize the critical importance of small business to the future of Michigan’s economy. For more information and to register to attend this event, which drew 800 people last year, go to http://www.michigancelebrates.biz/.

““Michigan’s entrepreneurs and small businesses are becoming increasingly important contributors to our economy,” said Richard Temkin, SBA Michigan District Director. “I am very proud that one of our Michigan award winners has won SBA’s Midwest regional award.”

Charles Reid, Michigan’s Small Business Person of the Year, is in contention for the national award, which will be announced during National Small Business Week, May 22-25.” The award winners for Michigan are:

Michigan Small Business Person of the Year
Charles Reid, President
Charter House Innovations, Holland

Michigan and Midwest Region Young Entrepreneur of the Year
Stewart W. Beal, President
Beal, Inc., Ann Arbor

Michigan Jeffrey Butland Family-Owned Business of the Year
Michael DeWitt, President
Peter James DeWitt, Vice President
Timothy DeWitt, Secretary and Treasurer
Peter Jason DeWitt, Plant Manager
DeWitt Barrels, Inc., Marne

Michigan Financial Services Champion
Derek Edwards, Vice President
Huntington National Bank, Mt. Clemens

Michigan Minority Small Business Champion
William R. Ross, President
Booker T. Washington Business Association, Detroit

Women in Business Champions
Carrie Hensel, Co-Founder and Co-President
Debra Power, Co-Founder and Co-President
Women’s Exchange of Washtenaw, Ann Arbor

Michigan Veteran Small Business Champion
Daniel P. Whisnant, Government Sales Specialist
Stryker Medical, Portage

Michigan Small Business Counselor
James D. Beauchamp, Senior Business Consultant
Michigan Small Business & Technology Development Center, Escanaba

Small Business Journalist of the Year
Lucy Ann Lance, Co-Owner
Lance & Erskine Communications, LLC, Ann Arbor

For more information on the award winners, please contact the SBA Michigan District Office at (313) 226-6075, x225 or e-mail annette.hall@sba.gov. For more information on this event, please go to http://www.michigancelebrates.biz/. Media note: Most photos of winners are available from SBA upon request.

SBA Proposes Women-Owned Small Business Rule to Expand Access to Federal Contracting Opportunities

2010-03-03T14:13:00.006-05:00

WASHINGTON – The U.S. Small Business Administration today released a proposed rule aimed at expanding federal contracting opportunities for women-owned small businesses (WOSB). The proposed rule is available for public comment for 60 days.

The proposed rule is part of the Obama Administration’s overall commitment to expanding opportunities for small businesses to compete for federal contracts, in particular those owned by women, minorities and veterans. This proposed rule identifies 83 industries in which WOSBs are under-represented or substantially under-represented in the federal contract marketplace. This rule is aimed at providing greater opportunities for WOSBs to compete for federal contracts, while achieving the existing statutory goal that 5 percent of federal contracting dollars go to women-owned small businesses.

“Women-owned small businesses are one of the fastest growing segments of our economy, yet they continue to be under-represented when it comes to federal contracting,” said SBA Administrator Karen Mills. “Across the country, women are leading strong, innovative companies, and we know that securing federal contracts can be the opportunity that helps them take their businesses to the next level, expand their volume and create good-paying jobs. This proposed rule is a step forward in helping ensure greater access for women-owned small businesses in the federal marketplace.”

The creation of a rule to increase federal contracting opportunities for WOSBs was authorized by Congress in 2000. Since that time, SBA took a number of steps to study and analyze the market, including looking at participation by women-owned small businesses across all industries. Various draft rules were made available for public comment in prior years, but the Obama Administration chose last year to draft a new, comprehensive rule, based on the analysis of the prior studies and on all the questions and comments previously received.

Some of the components of the proposed Women-Owned Small Business rule include:

• To be eligible, a firm must be 51 percent owned and controlled by one or more women, and primarily managed by one or more women. The women must be U.S. citizens. The firm must be “small” in its primary industry in accordance with SBA’s size standards for that industry. In order for a WOSB to be deemed “economically disadvantaged,” its owners must demonstrate economic disadvantage in accordance with the requirements set forth in the proposed rule.

• Based upon the analysis in a study commissioned by the SBA from the Kauffman-RAND Foundation, the proposed rule identifies 83 industries (identified by “NAICS” codes) in which women-owned small businesses are under-represented or substantially under-represented. o The SBA has identified eligible industries based upon the combination of both the “share of contracting dollars” analysis, as well as the “share of number of contracts awarded” analysis used in the RAND study. This differs from an earlier proposed version of the rule which identified only four industries in which women-owned small businesses were under-represented. This earlier version proposed to identify eligible industries based solely on the “share of contracting dollars” analysis used in the RAND study.

• In accordance with the statute, the proposed rule authorizes a set-aside of federal contracts for WOSBs where the anticipated contract price does not exceed $5 million in the case of manufacturing contracts and $3 million in the case of other contracts. Contracts with values in excess of these limits are not subject to set-aside under this program.

• The proposed rule removes the requirement, set forth in a prior proposed version, that each federal agency certify that it had engaged in discrimination against women-owned small businesses in order for the program to apply to contracting by that agency.

The proposed rule allows women-owned small businesses to self-certify as “WOSBs” or to be certified by third-party certifiers, including government entities and private certification groups.

The proposed rule requires WOSBs which self-certify to submit a robust certification at the federal ORCA Web site and also to submit a core set of eligibility-related documents to an online “document repository” to be maintained by the SBA. Each agency’s contracting officers will have full access to this repository.

The SBA intends to engage in a significant number of program examinations to confirm eligibility of individual WOSBs.

In the event of a contract protest or program review, the SBA will be entitled to request substantial additional documentation from the WOSB to establish eligibility.

SBA intends vigorously to pursue ineligible firms which seek to take advantage of this program and in so doing to deny its benefits to the intended legitimate WOSBs.

The public may submit comments to this proposed rule up until close of business on May 3, 2010, to www.regulations.gov, where they will be posted after 4 p.m. EST today, or by mailing them to Dean Koppel, Assistant Director, Office of Policy and Research, Office of Government Contracting, U.S. Small Business Administration, 409 3rd St. SW, Washington, DC 20416. Please reference RIN 3245-AG06 when submitting comments.

FREE Borrow A Business Expert at the Chelsea Library

2010-02-19T09:44:00.004-05:00

As a business owner you have questions and may not know where to turn for the answers. Legal, financial, marketing and other day to day issues can seem daunting when you as the entrepreneur wear all of these hats.

To assist in answering your small business questions the Chelsea District Library will be creating a "living library" of people with unique knowledge on various business topics including: finance, human resources, law, marketing along with experienced business counselors. Each will introduce themselves and their areas of expertise while attendees will have the opportunity to "check-out" these experts for a short one-on-one consultation. This is an opportunity to have your questions answered by skilled professionals in any area.

Date: March 15, 2010 6:30-8:30pm

Location: Chelsea District Library, 221 S. Main Street, Chelsea, MI

Speakers include: Ron Stevens, Cathie Abad, and Shannon Beeman of the Michigan Small Business & Technology Development Center, Jim Worhtington of Chelsea State Bank, Marke Eby of SCORE, and Janice Ortbring of Edgar Norman Creative among others.

Please contact Sara Wedell of the Chelsea District Library to preregister for this event as space is limited, 734.475.8732.

Fast Trac® Orientation

2010-02-09T14:07:00.007-05:00

The Fast Trac® Orientation is required to register for the Fast Trac® Courses in Washtenaw, Lenawee, Hillsdale, and Jackson Counties. This half day session will orient you to the Fast Trac® program and what commitment will be required of you as the entrepreneur. At this session you will spend time with an advisor who will help you select, and enroll in the Fast Trac® entrepreneurial program best suited for you and your business.

There's no substitute for experience. Nothing proves better than Fast Trac® a program facilitated by entrepreneurs who are not only knowledgeable but have a proven ability to connect with people. They create an environment that encourages you to interact with other entrepreneurs - gaining insight from their experiences and establishing relationships.

Speaker(s): MI-SBTDC Business & Tech Counselors

Co-Sponsor(s): Washtenaw Community College, Tech Town, NEI

There is no smoking allowed on the campus of Washtenaw Community College, please do not smoke while attending the orientation. Thank you for your understanding.

Fee: Free

Location: 4800 E Huron River Dr.

Morris Lawrence Building, Washtenaw Community CollegeAnn Arbor

Experience and Expertise to Help You Grow

There's no substitute for experience. Nothing proves better than Fast Trac® a program facilitated by entrepreneurs who are not only knowledgeable but have a proven ability to connect with people. They create an environment that encourages you to interact with other entrepreneurs - gaining insight from their experiences and establishing relationships.

The American Dream

Owning your own business is the American dream. Building it to withstand the test of time requires a unique set of tools. That's where Fast Trac® makes a difference by providing the opportunity to:

Objectively evaluate your concept and plans for moving forward

Develop a working knowledge of business fundamentals

Begin building an infrastructure for your business operations and processes

Explore risk and success factors in the marketplace

Understand how to access human, financial and business resources

Network with entrepreneurs and professionals

Learn how to respond to changes that can impact your business Build an actionable business plan you can execute

What You Will Walk Away With

When you walk out the door, you will have a well-formulated plan for moving forward that is custom-made by you and one you believe in and can execute.

The goals of the Fast Trac® program are for you to:

Fully analyze your business concept by examining in depth:

Your role as an entrepreneur

How your product or service meets market needs

The financial feasibility of your venture

Producing a full and actionable Business Plan that includes:

Cash Flow

Effective Structure of your management team

Realistic marketing and sales plan

Planning your product or service fulfillment Seeking and getting investment in your business.

For more information on Fast Trac® training or any MI-SBTDC workshop please visit our Calendar of Training on our main website or email our office, sbtdc@wccnet.edu.

Small Business Development Centers are visiting Michigan to learn how to become a technology designated state

2010-01-25T13:37:00.003-05:00

GRAND RAPIDS, Mich. — In the current economic climate, Michigan has had a particularly difficult time. But it's not all bleak news — representatives from six states will be visiting the state to learn about the small business training and assistance offered by the Michigan Small Business and Technology Development Center (SBTDC).

A group of 13 representatives from six states will attend a comprehensive three-day demonstration of Michigan's development of its commercialization assistance program from January 20 - 22. They will learn the key elements for development of a strong commercialization program, with strategies for launch and ongoing growth.

"The Michigan SBTDC received numerous inquiries from other Small Business Development Centers nationwide about our technology work," said Carol Lopucki, SBTDC State Director. "They expressed interest in visiting Michigan to learn about our program. Instead of working with each SBDC individually, we decided to invite all of them to Michigan and demonstrate how Michigan's technology team has been so successful."

There are 63 SBDCs across the nation and only 7 are accredited with a technology designation. In 2003, The Michigan SBTDC was the first state to be accredited with that designation by the American's Small Business Development Centers (ASBDC). North Carolina SBDC offered guidance to Michigan because of their strong technology work within their state.

California, Delaware, Georgia, Illinois, Louisiana, and Minnesota are among the states that have requested guidance from the Michigan SBTDC on how to become "T" designated and to learn technology-related best practices.

The agenda during the "T" tour will consist of participants learning how to integrate technology into the SBDC program, analyzing the tools used to assist technology businesses and developing strategic partners. The tour will also visit a few of the technology team's strategic partners which includes SPARK, Automation Alley and TechTown.

"Our strategic partners here in Michigan, as well as our technology business consultants, are what makes the Michigan Technology Team so successful," said Phil Tepley, SBTDC Technology Team Coordinator. "The Michigan Economic Development Corporation (MEDC) leads Michigan's economic diversification strategy and has played a key role in the success of this program."

COVERAGE OP: The "T" Tour will be at Tech Town in Detroit on Thursday, January 21. The media is invited to attend the Tech Town tour that is scheduled from 8:00 to 9:00 a.m. "T" Tour participants will be available to answer questions from the media following the tour. Tech Town is located at 440 Burroughs Street, Suite 100 in Detroit.

About Michigan SBTDC Technology Team

The MI-SBTDC Technology Team's mission is to help Michigan transition to an innovation based economy by providing direct assistance to Michigan's emerging technology companies. The Technology Team was created as a collaboration between the Michigan Small Business and Technology Development Center and the Michigan Economic Development Corporation (MEDC).

The Team, comprised of 9 technology consultants, provides no cost specialized counseling in the following areas: financing assistance (equity and R&D grants); business, strategic, and commercialization planning; and access to resources.

About Michigan SBTDC

The Michigan Small Business & Technology Development Center provides counseling, training and market research for Michigan's new business ventures, existing small businesses, expanding new businesses, new technology companies, and innovators. The MI-SBTDC is located at the Grand Valley State University, Seidman College of Business in Grand Rapids, Michigan. As host of the MI-SBTDC™ State Headquarters, the Seidman College of Business oversees the twelve-region MI-SBTDC™ network. Entrepreneurs and small business owners may access the services of their nearest MI-SBTDC by calling 616.331.7480 or visiting http://www.misbtdc.org/

MI-SBTDC OFFICE CLOSED DUE TO POWER OUTAGE

2010-01-15T15:08:00.002-05:00

The MI-SBTDC Region 12 office in Ypsilanti is closed due to a power outage. Monday, January 18th the office will remain closed in observance of Martin Luther King day. The office will reopen for normal business hours Tuesday, January 19th.

Please feel free to leave a message on our voicemail, 734.547.9170 or email the office sbtdc@wccnet.edu and we will get back with you Tuesday. Thank you for your patience during this time.

www.misbtdc.org

Washtenaw County Leaders Celebrate Ann Arbor Ypsilanti Merger

2010-01-13T08:57:00.006-05:00

Over 300 Ann Arbor and Ypsilanti Chamber Members and elected officials crowded into the meeting space at Washtenaw Community College’s Morris Lawrence Building for the First Tuesday Breakfast of 2010. This was the first open event where joint Chamber President Diane Keller addressed the merger of the chambers.

In attendance of the event was Washtenaw Community College President Larry Whitworth, Michigan Small Business & Technology Development Center Directors Charles Penner & Richard King, Ann Arbor SPARK CEO Mike Finney, and Chair of Ann Arbor Area Chamber of Commerce Karl Couyoumjian, among other noted community members.

As many are concerned with the cost and support of the new organization Keller stated, “We will be run as if we were entrepreneurs and it’s our own money. We will make sure we spend your dollars toward economic development in this community." Although the new due schedule is yet to be determined Keller advised members to pay as currently scheduled and the new chamber will retain their anniversary date.

Currently members of both chambers also have the opportunity to attend all scheduled Ann Arbor and Ypsilanti Chamber events. “You can now go back and forth to both chambers for same member price,” said Keller.

Currently the new Ann Arbor Ypsilanti Regional Chamber is split between two offices in the downtown area of both cities. The chamber is turning to members as well as the community to determine a locale. Possibilities include one main office with smaller satellite offices, or two smaller offices in each area. Members are able to voice their opinions and concerns through email to a2y@ypsichamber.org.

This merger is the first step in taking down the "invisible wall" at the intersection of Washtenaw Avenue and US-23. The community is striving to join together all resources and support for two of the largest cities in Washtenaw County. “We hope to be a model of prosperity in our community,” Keller said

Buy Michigan First with Rep. Pam Byrnes and the Michigan Department of Management and Budget

2010-01-08T15:02:00.002-05:00

To help local business owners win state contracts, Rep. Pam Byrnes and the Michigan Department of Management and Budget are hosting a "Buy Michigan First" seminar. The seminar will be held January 11, 2010 from 9am to noon at the Washtenaw Intermediate School District in Ann Arbor.

Rebecca Nevai, Buy Michigan First vendor outreach coordinator will speak on topics such as about bidding opportunities, how to register as a State vendor, free resources for research and bid preparation, and navigating the State contracting process. Many speakers with multiple resources for Michigan entrepreneurs include the Michigan Small Business & Technology Development Center, Washtenaw Community College, and SCORE among others.

While the event is free pre-registration is required due to space limitations. For further information please visit: http://wiseconnections.org/calendar.php

Free Seminar Women in Business- Mom-preneurship at the Chelsea Library

2010-01-06T08:57:00.006-05:00

Visit the Chelsea District Library for a look at the ways female entrepreneurs have struck the balance of running a business and running their families. Learn about creative solutions for dividing your time and managing your resources to allow you to start your business on your own terms and time constraints.

The evening begins with a short presentation about being a woman entrepreneur and will break into a roundtable discussion on the issues moms face in the business world. The purpose of the presentation is to introduce the idea that many women, specifically moms, have their own unique journey when starting and running a business.

Speakers: Victoria Bennett, Associate Dean of Business, WCC
Breanne Stuart, Homewatch Caregivers
Donna Lewis, DLA Group LLC & Natural Kids
Francisca Fernandez, New Chelsea Market

Fee: Free

Date: January 11th, 6:30pm-8:00pm

Please preregister with the Chelsea Library as space for this free event is limited, 734.475.8732

SBA Recovery Act Funding Extended

2009-12-22T09:38:00.001-05:00

Defense Appropriations Bill contains funding to extend programs thru February 2010.

WASHINGTON – With Recovery Act funding running out and with almost 1,000 small businesses on a waiting list for about $500 million in SBA-backed loans, the Senate today voted to extend funding for vital SBA Recovery Act provisions through February 2010. United States Senator Mary L. Landrieu, D-La., chair of the Senate Committee on Small Business and Entrepreneurship, who along with 12 of her colleagues, requested this extension and praised the inclusion of funds to continue vital Small Business Administration (SBA) lending programs.

“Small businesses have been left in limbo since the funding ran out in late November. Today’s action by the Senate will immediately clear the waiting list established by the SBA and will provide a lifeline to small businesses in need of credit,” Senator Landrieu said. “With these additional funds, SBA will be able to offer lenders a higher guarantee for 7(a) loans and a fee waiver on 504 loans, and reduce the cost of capital for small businesses by waiving the fees on both 7(a) and 504 loans. These changes proved very effective at jumpstarting small business lending, and the need to continue them is clear. Since funds from the Recovery Act ran out in late November, we’ve seen the volume for 7(a) and 504 loans drastically decrease. Reinstating these funds is a important to small businesses and our overall economic recovery and job-creation efforts.”

Senator Landrieu, along with 12 other Senators, sent a letter to the Senate Appropriations Committee asking for the funds to continue these provisions from the Recovery Act. Of the $479 million dollars requested from the Senators, $125 million is included in the DoD appropriations bill, with the remaining $354 million included in the jobs-creation package introduced in the House. The House jobs-creation package, which is expected to be considered by the Senate early next year, also includes the authorization to extend the authorization for the 90-guarantee on SBA loans through FY2010

ACE Business Idea Tweet Competition

2009-12-18T15:41:00.004-05:00

ACE is all about entrepreneurs. As such, we like to think that the planning committee is entrepreneurial and keeping abreast of the latest tools for our community. In that spirit, we are trying something new, quite possibly the first time ever in the history of the world: a business idea pitch competition using twitter! The judges are anyone and everyone with access to Twitter - so get your friends and business partners engaged.

Rules for competitors:

If you don’t already have a Twitter account, please go to Twitter to set one up.

Tweet your business idea (115 characters max – assuming your username is not more than 10 characters – with #ACEbizIdea at the end) by 5:00 pm EST on 1/13/2010, and you’ll be entered in the contest.

We will RT (retweet) your plan as it comes in. (Or as humanly close as we can get to that time, during business hours.)

Others will vote for your plan by RT’ing or by marking it as a favorite. Voting will close at 5pm on 1/15/2010, so the sooner you get your plan in, the more chances you’ll have to be seen.

Rules for competitors:

Follow @ACEevent on Twitter.

Vote on business plans as they’re Tweeted, either by:

Marking them as a favorite, or RT’ing them

Only one vote per account for each business idea will be counted. You are welcome to vote for multiple business plans; but you can only cast one vote per plan!

Voting must be complete by 5pm on 1/15/2010.

Prizes and recognition:

The business ideas of the top five voter getters will be displayed at ACE.

The winner will be recognized during the program - and their idea will be shared with the audience.

The winner will receive a prize of $140 (which is even more money, on a per character basis, than Charles Dickens was paid!)

The Annual Collaboration for Entrepreneurship is the place where Great Lakes region entrepreneurs gather to network, learn, and connect. Each year at ACE, you'll join an exciting, forward-thinking community of innovators, entrepreneurs, and business leaders - people like you who have the vision and drive to build new ventures for a new future.

For more information please visit: http://ace-event.org/acebizidea.aspx

Additional Dates Added for Free Market Research Courses

2009-11-13T16:36:00.004-05:00

The Biz Resource Center at the Bailey Libary of Washtenaw Community College & MI-SBTDC announces additional Market Research for the winter and spring 2010. Dates include February 19th and May 7th. Please visit our website for further information.

Market Research Series Part I: Researching Customer Profile

Making money in your small business comes from understanding your customer; where they live, where they shop, and what they prefer to do in their times of leisure. Building a customer database is essential to growing your small business, in this course you will use the research tools of the Washtenaw Community College's Biz Resource Center to gain an insight into your customer base. From the information gained in this session you will have an understanding of the marketing resources available to you the small business owner through WCC.

Market Research Series Part II: Researching Competitor Profile

The fast-growing skill of the small business owner is and will continue to be the use of knowledge. The more you understand about the competitions infrastructure, the more you can apply this knowledge to your benefit. Gaining an understanding of your competitor can also help you to understand the unique attributes or niche of your small business. In this course you will use the research tools of the Washtenaw Community College's Biz Resource Center to gain an insight into your competitors businesses.

Please pre-register online or by calling 734-973-3429 as space is limited.

Cost: FREE
February 19th & May 7th, 2010
10:00AM to 11:30 AM &
12:30PM to 2:00PM
WCC Bailey Library
4800 E Huron River Dr
Ann Arbor, MI 48104

Ann Arbor Chamber iPhone Application Available for Free Download from the AppStore on iTunes

2009-11-13T16:25:00.005-05:00

A2Chamber iPhone Application available for free download from the AppStore on iTunes. Through this application you can gain discounts from restaurants and retail stores to auto repair and web applications. Ann Arbor Chamber of Commerce members are listed for free.

Does your business need visibility? Get it listed in the A2 Chamber's m2m (member-2-member) directory of businesses. Using the power of the iPhone marketing you can reach the on-the-go person. Complete a simple electronic form allowing businesses to update the offer, as frequently as weekly: http://www.annarborchamber.org/benefits/save_money/m2m_discounts.html
Businesses listed in m2m gain a complimentary window clingy notifying others of your participation.

Gain the free application from the iTunes App Store download page for the "A2Chamber" App:
http://www.annarborchamber.org/benefits/save_money/m2m_discounts.html

SBA Office of Veterans Business Development

2009-11-11T10:41:00.002-05:00

The mission of the Office of Veterans Business Development is to maximize the availability, applicability and usability of all administration small business programs for Veterans, Service-Disabled Veterans, Reserve Component Members, and their Dependents or Survivors.

Veterans Business Outreach Program

The Veterans Business Outreach Program (VBOP) is designed to provide entrepreneurial development services such as business training, counseling and mentoring, and referrals for eligible veterans owning or considering starting a small business. The SBA has eight organizations participating in this cooperative agreement and serving as Veterans Business Outreach Centers (VBOC).

Services Provided by the Centers
Pre-Business Plan Workshops:
VBOCs conduct entrepreneurial development workshops dealing specifically with the major issues of self-employment. An important segment of these workshops entails the usage of the Internet as a tool for developing and expanding businesses. Each client is afforded the opportunity to work directly with a business counselor.

Concept Assessments:
VBOCs assist clients in assessing their entrepreneurial needs and requirements.

Business Plan Preparations:
VBOCs assist clients in developing and maintaining a five-year business plan. The business plan includes such elements as the legal form if the business, equipment requirements and cost, organizational structure, a strategic plan, market analysis, and a financial plan. Financial plans include financial projections, budget projections, and funding requirements.

Comprehensive Feasibility Analysis:
VBOCs provide assistance in identifying and analyzing the strengths and weaknesses of the business plan to increase the probability of success. The results of the analysis are utilized to revise the strategic planning portion of the business plan.

Entrepreneurial Training and Counseling:
VBOCs, working with other SBA resource partners, target entrepreneurial training projects and counseling sessions tailored specifically to address the needs and concerns of the service-disabled veteran entrepreneur.

Mentorship:
VBOCs conduct, as appropriate, on-site visits with clients to ensure adherence to their business plans. Additionally, VBOCs review monthly financial statements to determine whether a revision of the business plan is warranted or that desired results are being attained.

Other Business Developmental Related Services:
VBOCs also provide assistance and training in such areas as international trade, franchising, Internet marketing, accounting, etc.

VetBiz Central, Inc
Edward Ronders/Matt Sherwood
711 N. Saginaw St.Suite 206
Flint, MI 48503
Phone: 810-767-8387
Fax: 810-767-8662
Email: ed@vetbizcentral.com or matt@vetbizcentral.com
Webpage: http://www.vetbizcentral.com

Ann Arbor Chamber launching iPhone app to boost local businesses

2009-10-28T14:57:00.002-04:00

Local businesses The Whole Brain Group and Arbormoon Software developed a free iPhone application targeted at chamber members but will be available to the public. The Ann Arbor Area Chamber of Commerce will to introduce application this November in hopes it will assist the local business community.

About 100 chamber members have agreed to offer deals through the application, which still needs to get approval from Apple to be distributed through the iTunes Store. A demo is available here.

For further information please read the full article at www.AnnArbor.com or contact the Ann Arbor Chamber of Commerce.

Small Businesses : Stay Safe Online! Forum

2009-10-22T16:36:00.002-04:00

Stay Safe Online! Forum

Thursday October 29, 2009 from 3:00pm - 8:30pm

Saline High School (Michigan)

1300 Campus Parkway
Saline, Michigan Get Directions

Commissioner Kristin Judge and Sheriff Jerry Clayton present Cyber Security Expert Dr. Peter Fonash, Director of National Cyber Security, US Dept. of Homeland Security. Learn how to stay safe online!

3:00 - 5:00 pm Cyber Security for Business and Local Government
6:30 - 8:30 pm Cyber Security for Your Home and Family

RSVP, Seating is limited! - cyberevent@ewashtenaw.org or 734-222-6850

Free to all Washtenaw County Residents

Website: http://staysafeonline.org/

ATHENA PowerLink Ann Arbor Extended Registration Deadline

2009-10-15T10:10:00.003-04:00

The deadline for women business owners to apply for the ATHENA PowerLink Program has been extended until October 23rd. The ATHENA PowerLink Program of Washtenaw County is a mentoring program designed to connect women business owners with a skilled advisory panel.

What is the ATHENA PowerLink Program?

The advisory panel, which is made up of lawyers, bankers, accountants, insurance agents, and business advisors, provides free business consultation for one year. The panel consults to help the business owner achieve networking, capital, operational, and strategic goals. The program also helps enhance the business owner’s leadership and management skills for future business endeavors.

What is the eligibility criteria for the ATHENA PowerLink Program?

Own the majority of the company and actively manage it
Minimum of two years in business
Minimum of two full time employees, one of whom may be the business owner
Minimum annual revenues of $250,000 for manufacturing or retail business
Minimum annual revenues of $100,000 for service business

What is the role of the advisory panel?

The advisory panel is a group of business professionals who want to give back to their communities. They work one-on-one with the business owner for one year, helping her develop and implement her business plan and strategic goals. The group’s coordinator is responsible for leading meetings, reviewing progress, and compiling results.

Five Tips to Increase Your Firm's Chance of Getting a Small Business Bank Loan

2009-10-12T16:00:00.002-04:00

By Robert C. Seiwert, Sr. Vice President and Director ABA Center for Commercial Lending & Business Banking

WASHINGTON, Oct. 12 /PRNewswire-USNewswire/ -- The following was released today by the American Bankers Association:

1) Get to know bankers at several financial institutions in your community.

Before requesting a loan, find out which financial institutions in your market make loans to firms like yours. Not all banks specialize in business loans. Some specialize in lending only to firms in certain industries. Others lend only to those in certain stages of the business life cycle (no startups, for example). Work with bankers who understand your industry and find out how the current financial crisis has affected credit availability in your community. Not all banks have been equally affected by today's financial crisis.

Another reason to deal with banks experienced in your industry relates to the financial advice they can offer. Because these bankers work with firms facing the same industry-related problems that may challenge you, they're in a better position to provide helpful advice and financial products tailored to your firm's needs. Many times the advice a banker gives is far more important than the product or service they sell. Seek a banker who can give financial advice that will help you survive and thrive in today's economy. In turn, you should reward that banker with your business and your loyalty.

2) Be able to articulate your firm's "value proposition" to its target markets and your business plan to reach them.

If you can't clearly articulate why other companies or customers should do business with you and how you'll effectively compete in your chosen target market segments, the chances of getting a loan are slim.
Develop a business plan that has three different scenarios: best case, most likely case, and worst case. You want the banker to understand all three since you're asking for support through good times and bad. Also, be prepared to discuss in detail the assumptions that underlie each of these scenarios.

3) Think like a banker.

Understand the risks of operating in your industry. Have a plan to mitigate those risks and share it with your banker. Bankers are going to do a risk analysis anyway, so it's important to help them. Most likely, you can provide a perspective that the banker hasn't considered. It's important for the banker to see that you recognize the risks of operating in your industry and that you have a plan for dealing with them.

4) Develop at least two ways to repay the loan.

Bankers look for primary and secondary loan repayment sources. For the sake of your business, you should, too. You are in the best position to determine possible repayment alternatives. Be sure to discuss these options with your banker before the loan is made. Secondary repayment resources could include the pledging of business or personal collateral as well as the addition of a loan guarantee by the firm's owners, suppliers or customers.
The more certainty that the banker has that the loan will be paid "as agreed," the more likely it will be that you not only receive a favorable loan decision, but also the best interest rate. Smart business owners understand that now is the time to think about alternative repayment sources, not when their business gets into trouble.

5) Don't ask for loans that should be funded with equity injections. Bankers aren't paid to take equity risks; they get paid to make loans that will be repaid on time.

The amount of equity you need to operate your business will depend on several factors. One of the most important relates to your industry and what role your business plays in that industry. The amount of equity required for a manufacturer will be different from that required to run a wholesale distribution business. Retailers in the same industry will also have different equity requirements.

The stability of the industry is also an important factor influencing the amount of equity needed. Firms in stable industries need less equity than firms operating in industries undergoing rapid change. The reason is that firms in stable industries can carry a higher level of debt due to the greater certainty of their revenue streams.

Another factor that determines the amount of equity required for your business relates to your firm's business model. Some firms offer easy credit terms to build market share and increase sales. Other firms operate on a cash-only basis. The sales terms your firm offers its customer base has an important impact on the amount of equity that your business will need to operate.
If your product or service is in great demand, consider asking your customers for upfront deposits on pending orders or extending favorable pricing terms to customers who pay their invoices within 10 days of receipt.

Another option is to ask suppliers for favorable terms of sale. Ask if they'll let you pay invoices later with no interest or give you discounts for paying invoices early. Any additional customer or supplier financing reduces the amount of permanent working capital that needs to be funded with equity contributions from your firm's shareholders.

Robert C. Seiwert is a Senior Vice President of the American Bankers Association. Prior to joining the ABA, Mr. Seiwert was a banker for over 30 years, serving as President and CEO of a high-performing community bank and Director of Commercial Marketing for one of the nation's largest financial institutions.

The American Bankers Association brings together banks of all sizes and charters into one association. ABA works to enhance the competitiveness of the nation's banking industry and strengthen America's economy and communities. Its members - the majority of which are banks with less than $125 million in assets - represent over 95 percent of the industry's $13.5 trillion in assets and employ over 2 million men and women.

Note to Editors: Over the coming weeks, the American Bankers Association will release several white papers intended to assist small business owners navigate the new banking environment. The papers, written through the viewpoint of a former commercial banker, give small business owners a rare glimpse into how bankers think and are intended to help them develop a mutually beneficial relationship with a bank, prepare to get loans, and evaluate offers. The above is the first paper in the series.

SOURCE American Bankers Association

SBA Launches YouTube Channel : Aim is to Reach Larger Audience through Popular Site

2009-09-04T10:01:00.000-04:00

WASHINGTON – The U.S. Small Business Administration has begun posting informational videos on YouTube as it joins an increasing trend within the federal government to use the popular video-sharing web platform to reach a larger audience.

YouTube is a highly popular Web site, especially among younger people. SBA is intent on reaching this audience with its message of entrepreneurship, the importance of small business to the nation’s economy, and information on the agency’s programs and services.

“With millions of visitors, most of them under 35, YouTube offers a prime opportunity to use current technology and the appeal of a popular online platform to further promote the agency’s programs and services,” said SBA Administrator Karen G. Mills. “By expanding its outreach, SBA will be providing more current and potential entrepreneurs with the necessary tools to start, grow and succeed in their businesses.”

The SBA YouTube channel (www.youtube.com/sba) debuted with a 60-second introduction to SBA, its programs and services, and a 10-part “Delivering Success” series co-produced with the U.S. Postal Service.

Future content will include a variety of videos with more in-depth information about SBA programs and services to inform current and potential entrepreneurs. Topics will cover how small businesses can take advantage of the Recovery Act loan programs, government contracting opportunities, exporting to increase market share, counseling and training on how to start and grow a small business, and small business success stories.

Small Business Development Centers: it's no secret By: Roger Green

2009-08-05T09:38:00.002-04:00

Author: Roger Green for Business.gov

Once upon a time, back in 1980, Congress passed the Small Business Act that created the Small Business Development Center program administered through the US Small Business Administration. It would be a partnership primarily between colleges/universities and government to provide comprehensive small business counseling services. The SBDC program now exists in all 50 states, plus the District of Columbia, Puerto Rico and US territories.

Yet, the SBDC program, to too great a degree, remains unknown to a large number of current businesses as well as potential entrepreneurs who are eligible for free and confidential services. Many business advisors have started or managed their own small businesses; others come from the financial sector, such as banks, so they know what banks want to see in terms of financial projections. Additionally, low-cost training sessions are offered by the SBDCs in a variety of areas.

While SBDCs are operated at a statewide or state region-wide level, the centers throughout the states have been organized to provide local coverage. Advisors develop awareness of local business trends and are familiar with local resources that can assist their clients.

I have been a librarian for the New York State Small Business Development Center since October 1992. My colleagues and I provide reference services for the counselors of the NYS SBDC, who in turn receive questions from their clients, though counselors field many queries themselves. A few other state programs have library services, and there is also a national SBDC library. These libraries are designed to support the SBDC advisor and not the general public.However, the NYS SBDC does have blog page to which all the librarians have been contributing for over four years. We also have Twitter and Facebook pages available to the general public.

Starting a small business in tough economic times may seem counterintuitive, but based on evidence from previous economic downturns, it may well be an ideal time to follow one’s entrepreneurial dream. Go to the ASBDC website and find the Small Business Development Center for your state.

Business.gov is an official site of the U.S. Government

8(a) Business Development Program

2009-07-24T13:21:00.001-04:00

For contracting purposes, the federal government recognizes companies as minority-owned only if they have one of the following certifications:

8(a) Business Development Program http://www.sba.gov/8abd/

What are the basic requirements a concern must meet for the 8(a) BD program?

· Generally, a concern meets the basic requirements for admission to the 8(a) BD program if it is a small business which is unconditionally owned and controlled by one or more socially and economically disadvantaged individuals who are of good character and citizens of the United States, and which demonstrates potential for success.

What is socially disadvantaged?

· Members of designated groups. (1) There is a reputable presumption that the following individuals are socially disadvantage: Black Americans; Hispanic Americans; Native Americans (American Indians, Eskimos, Aleuts, or Native Hawaiians); Asian Pacific Americans (persons with origins from Burma, Thailand, Malaysia, Indonesia, Singapore, Brunei, Japan, China (including Hong Kong), Taiwan, Laos, Cambodia (Kampuchea), Vietnam, Korea, The Philippines, U.S. Trust Territory of the Pacific Islands (Republic of Palau), Republic of the Marshall Islands, Federated States of Micronesia, the Commonwealth of the Northern Mariana islands, Guam, Samoa, Macao, Fiji, Tonga, Kiribati, Tuvalu, or Nauru); Subcontinent Asian Americans (persons with origins from India, Pakistan, Bangladesh, Sri Lanka, Bhutan, the Maldives Islands or Nepal); and members of other groups designated from time to time by SBA according to procedures set forth at paragraph (d) of this section. Being born in a country does not, by itself, suffice to make the birth country and individual’s country of origin for purposes of being included within a designated group.

What is economically disadvantaged?

· Net worth. For initial 8(a) BD eligibility, the net worth of an individual claiming disadvantage must be less than $250,000. For continued 8(a) BD eligibility after admission to the program, net worth must be less than $750,000. In determining such net worth, SBA will exclude the ownership interest in the applicant or participant and the equity in the primary personal residence (except any portion of such equity which is attributable to excessive withdrawals from the applicant or participant). Exclusions for net worth purposes are not exclusions for asset valuation or access to capital and credit purposes.

Small Disadvantaged Business (SDB) http://www.sba.gov/sdb/

What are the basic requirements a concern must meet for the SDB program?

· Qualifications for the program are similar to those for the 8(a) Business Development Program. A small business must be at least 51% owned and controlled by a socially and economically disadvantaged individual or individuals.

· African Americans, Hispanic Americans, Asian Pacific Americans, Subcontinent Asian Americans, and Native Americans are presumed to quality. Other individuals can qualify if they show by a “preponderance of the evidence” that they are disadvantaged.

· All individuals must have a net worth of less than $750,000, excluding the equity of the business and primary residence. Successful applicants must also meet applicable size standards for small businesses in their industry.

Michigan State Energy Program Announces Renewable Energy Manufacturing RFP

2009-07-21T16:35:00.003-04:00

Michigan State Energy Program Announces Renewable Energy Manufacturing RFP

GRANT DESCRIPTION: A total of $15,000,000.00 in funding is available through the State Energy Program Michigan to assist small manufacturing companies currently located in Michigan to diversify into high-growth clean energy sectors and invest in advanced manufacturing of renewable energy systems and components (i.e. wind turbine systems, solar technology, bio-energy equipment, geothermal heating and cooling systems). Request for funding will be accepted from July 16, 2009–August 14, 2009.

Full Proposal: http://www.michigan.gov/documents/dleg/CleanEnergyAdvancedManufacturing_Final_RFP-13_286276_7.pdf

Proposal Announcement: http://www.michigan.gov/documents/dleg/CleanEnergyAdvMan_announcement_286289_7.pdf

DOE Announces Nearly $14 Million to go to 28 New Wind Energy Projects

U.S. Department of Energy Secretary Steven Chu today announced the selection of 28 new wind energy projects for up to $13.8 million in funding—including $12.8 million in Recovery Act funds.

These projects will help address market and deployment challenges including wind turbine research and testing and transmission analysis, planning, and assessments. Along with the new awards, Secretary Chu announced the release of DOE's 2008 Wind Technologies Market Report, detailing $16 billion in investment in wind projects made in the U.S. in 2008—making the United States the leader in annual wind energy capacity growth, as well as cumulative wind energy capacity.

http://apps1.eere.energy.gov/news/progress_alerts.cfm/pa_id=207

Federal Policy Updates:
Manufacturing Tax Credit:

We have word from John Parcell (Office of Tax Policy, U.S. Treasury) that the guidance for the manufacturing tax credit from ARRA is being worked on now and will be released in August as required by statute (though it was unclear they would meet this goal). When language is released I will send an update with more information on this tax credit.

IMPACT Act:

A legislative update about the manufacturing loan program that I recently sent you information about. The proposal, which will establish a revolving loan program for renewable technology manufacturers, was included in the final version of the ACES bill that passed the House on June 26 under the name IMPACT. We believe it has a good chance of being included in the Senate language when ACES is taken up in the fall by the Senate. I am attaching my original summary here, please let me know if you have any additional thoughts on this provision. Thanks to those of you who provided feedback.

Taking Care of Business Series:Workshops for Small Businesses

2009-07-15T10:29:00.005-04:00

Bill Harmer, of the Chelsea District Library, is on a mission to change the way the community thinks about its libraries. With this he has partnered with local community organizations to develop a new level of entrepreneurial assistance including free courses and one-on-one business consulting. Participating in the courses are the Michigan Small Business & Technology Development Center (MI-SBTDC), Washtneaw Community College, MSU Product Center, Great Lakes Entrepreneur Quest (GLEQ), Chelsea State Bank, SCORE, and the Food System Economic Partnership (FSEP).

Starting a Small Business: An Orientation Session for Perspective Entrepreneurs

September 21st, 2009 6:30pm; Registration
Presented by MI-SBTDC Senior Business Consultant

Do you dream of starting a business but don't know where to begin? This session gives you the information you will need to start building a successful business strategy. Topics include sources of assistance, market research, financing, business partners, taxes, record keeping, and more.

Writing a Business Plan as if your Business Depended on it

October 5th, 2009 6:30pm; Registration
Presented by MSU Product Center Innovation Counselor

It may seem silly to ask yourself, "What business am I really in?", but some businesses no longer exist because they never answered that question. The business planning process is a powerful tool to help you anticipate the opportunities and challenges you will face, before you face them. A business plan precisely defines your business, identifies your goals, and serves as your firm's resume. Learn the essential components of a business plan and how to approach gathering the information you will need.

Finance: What many small businesses don’t know will surprise you!

October 19th, 2009 6:30pm; Registration
Presented by Chelsea State Bank Commercial Lending Services

Many entrepreneurs’ wait until they need money to start building a relationship with their bank. This session will help entrepreneur’s understand the value of having a good relationship with their commercial banker. Topics will include understanding the risks associated with common financial mistakes, preparing for going to the bank for money, and how to participate in the SBA financing programs.

Food, Farming & Business

November 26:30pm; Registration
Presented by Jane Bush

Agriculture is the largest growth sector in the Michigan economy today. The Food System Economic Partnership (FSEP) is taking a lead in SE Michigan to help farmers and those interested in value added agricultural products thrive in this challenging economy. Jane Bush, FSEP Business Counselor and successful farmer, will share what’s going right in Michigan. Learn from what others are doing, how they are succeeding, and where opportunities exist for new businesses.

Marketing Your Small Business

November 16 6:30pm; Registration
Presented by Terry MacEwen

In this session you will learn about the strategic background of marketing. You will be introduced to tactics that every small business should know and understand how to implement these tactics in your business. Terry MacEwen is a seasoned business adviser who provides entrepreneurs with awareness, education, and accountability to grow their businesses, improve their profits and free their time.

Grow Your Business:Free Counseling & Research Services

September 17, October 15, November 19th, 2009 10am-5pm; Registration

Along with our partners at the Small Business & Technology Development Center, Washtenaw Community College, Food System Economic Partnership, and Chelsea Chamber of Commerce, we will provide one-on-one meetings with experienced consultants to assist start-up and existing business owners with finance, writing a business plan, business legal issues, marketing, sales strategies, and a full range of information services to assist entrepreneurs in defining their path to success. This new service is designed for current and future small business owners to access information needed for the successful launch and operation of a small business. Call the library at 734-475-8732, x. 219 to register for a free, one-hour counseling session.

SBA 504 Loan Program Debt Refinancing

2009-07-01T14:14:00.002-04:00

The details for SBA 504 limited refinancing are here! This is a permanent change to the SBA 504 Loan Program. Below are some highlights of the new legislation. For more information, please contact your local MCDC rep.

Eligibility highlights:

The 504 Project must include expansion of a small business. Expansion includes the acquisition, construction or improvement of land, building or equipment for use by the small business.

The existing indebtedness to be refinanced may not exceed 50% of the new Project Costs. Example: a $500,000 expansion would allow up to $250,000 to be refinanced. This would make the total loan eligible for 504 financing $750,000; typically at a 50/40/10 split (50% bank/40% SBA/10% borrower).

The existing debt to be refinanced under the 504 must meet the following criteria:

It must be for 504 eligible assets such as a building or equipment.

The financing will provide "substantial benefit" to the borrower such as improving the borrower's payment by 10%.

The borrower must have been current on all payments for the past year.

The refinancing must provide better terms or rate of interest than the existing debt.

As mentioned, this post only touches on the highlights of the refinancing program. Please contact MCDC with specific project questions.

http://rs6.net/tn.jsp?et=1102580905834&s=2026&e=001Lh1KIN_MN0YGG1zBE3Ry7oGl4mjlG-QROXYZQUfbFI1CoXTxx4Gfi0vysySKQyQgsLhcFironyxoxaN4WsxVWIXI8bQCK0pWlXpKnY8fg9Bqb_M26Up2Og==

The MCDC is committed to growing the economic base in Michigan. 100% of our staff is located in our great state, which means our loan officers are close by to assist you and all of our loans are approved and serviced locally here in Michigan.

Lights, Cameras, Career: Creating Your Path to the Action

2009-06-26T13:25:00.002-04:00

Lights, Cameras, Career: Creating Your Path to the Action
WCC offers low-cost workshop for navigating the hype around film industry jobs in Michigan

ANN ARBOR, MI – A new workshop at Washtenaw Community College was established to orient individuals on the subject of the film & digital video industry. The goal of the workshop is to explore aspects of the film industry as a career choice. The general focus moves into two areas: the workshop will focus on the realities of production - proper etiquette while working on a set; preparatory steps for finding a job in areas of production & postproduction; and examining the wide range of positions in the field. The second area of focus will utilize tools from WCC’s award-winning innovation curriculum. Exercises will be carried out to develop a personal career map focused on assessing skills, experience and strengths. With this added personal insight and knowledge gained about the film industry, participants will evaluate how they ‘fit’ in the various areas of the film industry. At the completion of this 3-day workshop, participants will leave knowing if a career in the film and digital video industry is one they wish to pursue. And each participant will have a personal plan to make informed career decisions for years to come. This course will be co-instructed by WCC faculty, Matt Zacharias and Donna Ryen, Instructor and PBS Producer. Their works have been showcased in film festivals such as Slamdance, South by Southwest and ResFest. Between them, they share 9 Emmy Awards for their work in television production.

The cost of the workshop is $189 and will run August 17 – 19 from 9:00 a.m. until 4:00 p.m. For registration go to www.wccnet.edu/lifelong-learning and search Lights, Cameras, Career.

Two Midland-based Alternative Energy Companies Win Top Awards in the Great Lakes Entrepreneur’s Quest Business Plan Competition

2009-06-23T10:21:00.001-04:00

Kinetic Wave Power and Advanced Battery Concepts sweep the competition as more than $58,000 in cash awards were presented to companies in the GLEQ statewide business plan competition.

Ann Arbor, Mich., June 11, 2009 – Great Lakes Entrepreneur’s Quest (GLEQ) hosted its Statewide Business Plan Competition Award Ceremony on Thursday, June 11, 2009 with partner organizations Automation Alley and NextEnergy at the James B. Henry Center on the Michigan State University campus.

The GLEQ $25,000 Grand Prize in the Emerging Company category was awarded to Kinetic Wave Power, LLC of Midland, Michigan. Kinetic Wave Power is led by Vice President of Technology James Sack and has developed unique technology to utilize renewable energy contained in ocean waves.

The Runner Up award of $5,000 in the Emerging Company category was captured by Lambert Technologies of Canton, Michigan. Lambert Technologies has developed and is bringing to market a patented stress-testing tool for engineers to verify and validate engineering designs of structural components.

In the New Business Idea category, Advanced Battery Concepts, LLC of Midland received the First Place cash award of $5,000 and RateMyStudentRental, LLC was awarded the Runner Up award of $1,000. Advanced Battery Concepts has developed battery electrode technology, branded GreenSeal™, which enables dramatic improvements in battery performance while lowering costs. Additionally, flexibility in packaging combined with weight savings enables new applications to become feasible for lead-acid batteries. RateMyStudentRental offers a web-based rental property rating system for student rentals, with a management system for landlords and a private-label housing portal for universities.

Advanced Battery Concepts also received two innovation awards. The awards are the Automation Alley Advanced Manufacturing Innovation Award of $12,500 and the NextEnergy Alternative Energy Innovation Award of $10,000. Dan Radomski, Vice President Industry Services for NextEnergy, presented both awards.

Lee Walko, President of Midland-based Walko Consulting, was awarded Coach of the Year for his work with two companies, including the Emerging Company winner Kinetic Wave Power. Marisa Smith, President of Dexter-based The Whole Brain Group, LLC was selected for the Spirit of Entrepreneurship award.

The top six teams competing for the GLEQ Grand Prize pitched their plans to a panel of investment judges made up of Pete Farner, partner at TGap Ventures; Judy Johncox, Senior Director Commercialization Services, Wayne State University; WSU Program Director, TechTown; Elias Shakour, Portfolio Manager, 21st Century Jobs Fund, Michigan Economic Development Corporation; Christopher R. Sklarin, Director of Business Development - Upper Midwest, Chrysalis Ventures; and Phil Tepley, Technology Team Coordinator, Michigan Small Business Technology Development Center.

Presentation scores were added to scores on the companies’ written business plans to determine the overall winners. Finalists in addition to the winning companies included Husk Insulation, Hygieia Inc., Blaze Medical Devices and GiftZip.com.

The keynote address was presented by Philip H. Power, Vice Chair of the Michigan Economic Development Corporation Executive Committee, and President and Founder of The Center for Michigan. A “think-and-do tank”, The Center for Michigan aims to help develop and execute comprehensive and long-range policy solutions to transform Michigan's business, economic, political and cultural climate.

For nearly forty years, Philip H. Power was founder, owner and chairman of the board of HomeTown Communications Network, Inc., a group of 62 community newspapers and 24 telephone directories throughout Michigan and around Cincinnati, Ohio.

The GLEQ awards event was held in the Main Dining Room of the James B. Henry Center on the MSU campus. The event began with an MIT Enterprise Forum panel discussion on Business Incubators and CEO success stories.

Additional event supporters included Michigan Small Business Technology Development Centers (MI-SBTDC), New Enterprise Forum, and MIT Enterprise Forum.

About Great Lakes Entrepreneur’s Quest

GLEQ, now in its ninth year of continuous operations, is a nonprofit 501 (c)(3) educational program designed to accelerate the formation of high-growth companies in Michigan. More than $31 million has been awarded to GLEQ alumni from the 21st Century Jobs Fund, bringing the total investment into GLEQ companies to more than $60 million.

GLEQ provides coaching, mentoring, business training and entrepreneurial discussions to entrepreneurs statewide. It also sponsors a two-phase statewide business plan competition each year. The competition is structured into two distinct maturity paths; companies with more developed businesses compete in the Emerging Company path, while teams with new business concepts compete in the New Business Idea path.

GLEQ leverages a portfolio of volunteer business and investment experts to provide training, coaching and mentoring. Entrepreneurs submitting an executive summary or business plan receive as many as four written critiques from members of the investor community.

The 2010 GLEQ Business Plan Competition opens for registration on Monday, August 24. Awards will be announced at ACE’10 on Thursday, January 21, 2010

Additional information is available at www.gleq.org or by calling Diane Durance, GLEQ Executive Director at 734-255-3183.

America’s Recovery Capital (ARC) Loan Online Seminar

2009-06-16T14:55:00.001-04:00

SBA’s new program for viable small businesses suffering hardships. ARC makes periodic
payments for qualifying business debt including:

Mortgages
Secured and unsecured business loans
Capital leases
Notes payable to vendors/suppliers/utilities
Home equity loans that were used to finance business operations
Credit card obligations that were used for business purposes

ARC Loan Training At Your Desk
Reservations Required (317) 226-7272 x115

This free seminar is repeated on the following days:
June 22, 2:00 p.m. - 3:00 p.m. (EDT)
June 23, 10:00 a.m. - 11:00 a.m. (EDT)

Telephone: 1-866-740-1260 use access code 3056201#

Slides: http://www.readytalk.com use access code 3056201
Indiana District Office, 8500 Keystone Crossing, Suite 400, Indianapolis, IN 46240 www.sba.gov/in

Women's Exchange of Washtenaw will be at Top of the Park Wednesday, June 17th!

2009-06-15T09:33:00.003-04:00

Join the Women's Exchange of Washtenaw Wednesday, June 17th at 6:30 for casual networking under the tent at Top of the Park, located on the Ingalls Mall on the University of Michigan campus. Family and friends are welcome to share the live music, children’s activities, and a movie presentation of, “Twilight.” The event will be under the tent from 6:30pm to 9:30pm with a cash bar for adults 21 and over (id required), the movie starts at 10pm.

Wear your WXW orange or blue T-Shirt that night and you could be a lucky winner. Don't have a shirt yet? Women's Exchange of Washtenaw shirts will be available for sale under the tent the night of the event.

This event is free, but please register here!

Thank you to the sponsors for this event: Solutions First and The Whole Brain Group.

DATE CHANGE: Digital Marketing with Ingenex

2009-06-05T11:24:00.004-04:00

Using the internet effectively is a critical piece of many small businesses' marketing strategies. Learn about pay-per-click campaigns, search engine optimization, social media, blogs, podcasts and more in this information-packed session presented by Ingenex Digital Marketing. Cut through the hype and learn which of these tools can help you grow your business.

Please bring brown bag lunch. Coffee, hot tea, and water will provided

Fee: $ 10.00

Speaker(s): Derek Mehraban, CEO at Ingenex Digital Marketing

A graduate of Michigan State University, Derek Mehraban has 15+ years advertising, marketing and interactive experience. Mehraban is focused on digital and internet marketing, event marketing, web search, web 2.0, social media marketing, blogging and generational marketing. Mehraban is CEO of Ingenex Digital Marketing, based in Ann Arbor, Michigan.

http://www.misbtdc.net/workshop.aspx?ekey=120290046

SBA: About the ARC Loan Program

2009-06-03T15:37:00.000-04:00

ARC loans can be used to make payments of principal and interest, in full or in part, on one or more existing, qualifying small business loans for up to six months. ARC loans provide an immediate infusion of capital to small businesses to assist with making payments of principal and interest on existing debt. These loans allow borrowers to redirect cash flow from making loan payments to investing in their businesses, to help sustain the business and retain jobs. For example, making loan payments on existing loans with proceeds from an ARC loan can allow a business to focus more funds on core operations, such as buying inventory or making payroll.

ARC loans are interest-free to the borrower, carry a 100 percent guaranty from the SBA to the lender, and require no fees paid to SBA. Loan proceeds are provided over a six-month period and repayment of the ARC loan principal is deferred for 12 months after the last disbursement of the proceeds. Repayment can extend up to five years.

The best candidates for ARC loans are small businesses that in the past were profitable but are currently struggling, yet have been making loan payments or are just beginning to miss loan payments due to financial hardship.

ARC loans are made by commercial lenders who are SBA participants. The SBA will pay these banks a monthly interest rate throughout the term of the loan. Lenders can find more information here. Non-SBA lenders can easily become SBA participants by working with their nearest SBA district office. Businesses interested in applying for an ARC loan should first contact their current lender.

ARC loans will be offered by some SBA lenders for as long as funding is available or until September 30, 2010, whichever comes first.

Third Annual Entrepreneurial Improv: "The Battle of the Elevator Pitch"

2009-05-20T08:54:00.004-04:00

THURSDAY, May 21, 2009 Get Ready for a Wild and Crazy Evening... Third Annual Entrepreneurial Improv: "The Battle of the Elevator Pitch"

During this annual event, we put four entrepreneurs to the test, giving them an imaginary, offbeat company to pitch - with almost no time to prepare!

For two years straight, Dick Beedon has delivered eccentric, energetic performances that are yet to be matched, earning him the coveted NEF Battle of the Elevator Pitch trophy. Can anyone out-pitch our defending champion? Join us to find out!

The Entreprenuers:
· Dick Beedon, Winner and Defending Champion of the first two NEF Elevator Pitch Battles, and Founder/Managing Director of MacBeedon Partners.
· Keith Brophy, General Manager at RCM.
· Mike Klein, President Online Technologies Corporation.
· Josh Linkner, CEO of ePrize.

The Judges:
· Chris Holman, Michigan’s Small Business Advocate.
· Pat Morand of the Southwest Michigan First Life Sciences Fund.
· Bob Payne of the Credit Suisse First Boston.
· Tom Porter of Trillium Ventures.

The Moderator:
David Brophy, father of the Michigan Growth Capital Symposium and Professor at the University of Michigan Ross School of Business will return to moderate this entertaining affair for a third year.

The Wild Card:
If you were at last year's pitch battle, you know that singer/actor/presentation coach Eleni Kelakos can add some excitement to the evening. She's back!
Get a Sneak Peek; We're all a Twitter!

Check out what's coming: click here to see a short video about the battle pitch! (Requires QuickTime browser plugin.)

Also: Mike Klein and Dick Beedon are tweeting about this - you can follow them at:
· Follow Dick Beedon on Twitter
· Follow Mike Klein on Twitter

Showcase Presentation:
This month, our Showcase Presenter will be Husk Insulation, an early stage firm that converts plant-based agricultural waste into high-grade insulation that is a fraction of the thickness of conventional insulation.

Event Details:
Where: Holiday Inn North Campus, 3600 Plymouth Road, Ann Arbor When: Registration & networking 5:00 p.m.; program begins at 5:45 p.m. Cost: Free to NEF members, $20 for non-members, $5 for students

Our Stakeholders & Sponsors:
We thank all of our sponsors, including our featured stakeholder sponsor for this event, the RPM Ventures. NEF is proud of the organizations that sponsor our activities; see our full stakeholder sponsor list at http://www.newenterpriseforum.org/.

Program Partners:
NEF partners with the Great Lakes Entrepreneur's Quest to deliver educational business programs and networking events for new companies and entrepreneurs.

In addition, NEF partners with the Ann Arbor Area Chamber of Commerce to provide additional resources and services for our members.

Podcasts of NEF Speakers:
NEF has partnered with stakeholder sponsor MITechNews.Com to provide easy access to podcasts of NEF speakers through an NEF podcast channel.

SBA Launches New 100% Guarantee ARC Loan Program

2009-05-19T09:54:00.003-04:00

SBA Launches New 100% Guarantee ARC Loan Program on June 15

Small businesses suffering financial hardship as a result of the slow economy may be eligible to receive temporary relief to keep their doors open and get their cash flow back on track through to a new loan program announced by SBA Administrator Karen G. Mills.

Beginning on June 15, SBA will start guaranteeing America's Recovery Capital (ARC) loans. ARC loans are deferred-payment loans of up to $35,000 available to established, viable, for-profit small businesses that need short-term help to make their principal and interest payments on existing qualifying debt. ARC loans are interest-free to the borrower, 100 percent guaranteed by the SBA, and have no SBA fees associated with them.

"These ARC loans can provide the critical capital and support many small businesses need to make it through these tough economic times," said Administrator Mills. "Together with other provisions of the Recovery Act, ARC loans will free up capital and put more money in the hands of small business owners when they need it the most. This will help viable small businesses continue to grow and thrive and create new jobs in communities across the country."

As part of the Recovery Act, the ARC program was created as a no-interest, deferred payment loan to help small businesses that have a history of good performance, but as a result of the tough economy, are struggling to make debt payments.

ARC loans will be disbursed within a period of up to six months and will provide funds to be used for payments of principal and interest for existing, qualifying small business debt including mortgages, term and revolving lines of credit, capital leases, credit card obligations and notes payable to vendors, suppliers and utilities. Repayment will not begin until 12 months after the final disbursement. Borrowers don't have to pay interest on ARC loans. After the 12-moth deferral period, borrowers will pay back the loan principal over a period of five years.

ARC loans will be made by commercial lenders, not SBA directly. For more information on ARC loans, visit:
http://www.sba.gov/recovery/arcloanprogram/index.html

New Biz Resource Center at Washtenaw Community College

2009-05-13T08:29:00.005-04:00

As an entrepreneur in today's society it may be difficult to locate all of the resources available to the small business owner. The MI-SBTDC has joined forces with Washtenaw Community College to provide a new Biz Resource Center at the Bailey Library and has opened their doors to the public May 5. With the help of the MI-SBTDC and the BRC your business can be more efficient
and stand out from the crowd.

What is the Biz Resource Center? The BRC at Bailey Library provides a one-stop location where current and future small business owners can access information needed for the successful launch and operation of a small business.

What services are offered by the BRC? Multiple services are available at the Biz Resource Centers which include; extensive small business print and electronic material, free market research workshops, one-on-one consultation with a resource librarian, as well as the additional support of the MI-SBTDC Business Consultants.

What is the Bailey Library at Washtenaw Community College? Aligned with the College's mission and strategic directions the Bailey Library is committed to its mission of being an integral part of the learning landscape at WCC. In serving the educational needs of the community the Bailey Library aims to play two complementary roles: as the physical hub of a vibrant learning environment, and as a portal of choice for access to knowledge resources.

Are there other local Biz Resource Centers? There are multiple BRC's across the four Michigan Counties covered by MI-SBTDC's Region 12. Please visit our website for the complete list including: Adrian, Hillsdale, Jackson, and Ypsilanti locations.

Please contact the MI-SBTDC directly with any questions regarding the Biz Resource Center. To utilize the BRC market research workshops will be offered quarterly with the first session to be held May 29th.

Richard W. Bailey Library at Washtenaw Community College
4800 East Huron River Dr, Ann Arbor MI 48105
P: 734.973.3379 E: circdesk@wccnet.edu

CHELSEA COMMUNITY KITCHEN CONCEPT COMING TO LIFE

2009-05-11T16:36:00.000-04:00

Community Forum Scheduled to Present Committee Findings

A group of sometimes up to 25 volunteers have spent the last few months interviewing potential users, partners, and community members; conducting a truly grassroots feasibility study regarding the viability of a hybrid commercial rental “kitchen incubator” in western Washtenaw county. The results will be presented at a public community forum on Monday, May 18 at 7:00 pm at the Washington Street Center in Chelsea. The Washington Street Center is located at 500 Washington Street, Room 100.

The draft mission statement of the Chelsea Community Kitchen is to “enrich lives through education, cultivate culinary entrepreneurship and help grow sustainable livelihoods”. The plan is for “the Chelsea Community Kitchen to be a commercially licensed, shared-use facility that will incorporate on-site small business development assistance and broad educational opportunities that will be made available to encourage and inspire all members of our community”.

If you are unable to attend the community forum but are interested in learning more about the CCK more information can be found at http://www.localfoodannarbor.ning.com/ (look for the Chelsea Community Kitchen group). Additionally if you know someone who may be interested in using a commercial rental kitchen in Chelsea, please have them email their name, email, phone number and a brief statement about their intended use to info@chelseacommunitykitchen.com

Hamblin’s Brand Aid Project: Helping Business Ideas Come to Life

2009-05-06T09:13:00.003-04:00

Hamblin’s Brand Aid Project: Helping Business Ideas Come to Life

The Concept:

2009 marks The Hamblin Company’s 35th anniversary. 2009 is also a year of serious economic concern. With this in mind, we have created the Hamblin Brand Aid Project to show appreciation and support of the organizations within our local business communities. Through this project, The Hamblin Company will offer up to $35,000 in marketing and communications products and services to help fund the communications needs of one commercial business and one non-profit organization.

The Nomination Process:

Starting April 1, 2009, The Hamblin Company will accept Brand Aid nominations from local non-profit and for-profit businesses for support of their communications goals via the hamblincompany.com website.

Organizations may self-nominate or be nominated by a third party (i.e. a Board of Directors or a volunteer). Any organization that is nominated must be a legal entity or a registered 501(c)3 not-for-profit business. Nominations will be accepted through May 31, 2009.

Nomination Criteria:

To be eligible for nomination and consideration the following criteria must be met:

■ The nominee must be a legal entity or a registered 501(c)3 not-for-profit business operating in southeastern Michigan or Northwestern Ohio.

■ One specific marketing or communications project must be identified for Brand Aid funding. The project may have multiple components.

Selection of Brand Aid Recipients:

A panel of business/communications professionals and Hamblin employees will review the Brand Aid nominations and select two recipients using the following criteria:

Demonstration of monetary and/or professional need.
The impact the project would have in the community or organization.
The scope of the project—would it be accomplished within the monetary limits of the Brand Aid Fund?
The stated vision/goals/objectives of the project.

5. Why the nominator feels the nominee is deserving of the Brand Aid.

Visit hamblincompany.com or email
service@hamblincompany.com for additional details!

Save The Date: SPARK East Open House

2009-05-05T14:45:00.000-04:00

Join Us for a Celebration of Business Growth in Ypsilanti!

On May 8, Ann Arbor SPARK, in collaboration with Washtenaw County, Eastern Michigan University, the Eastern Leaders Group and all Eastern Innovation Campus partners, will kick off a community-wide business open house with the debut of SPARK East, the third business incubator in SPARK's Regional Incubator Network. SPARK East offers affordable office space, and critical start-up services, to new businesses.

Join us for a tour of the incubator, learn more about how Ann Arbor SPARK and the Eastside Innovation Campus grows businesses in our region, and meet entrepreneurs starting up and aiming for success. Following the SPARK East Open House, visitors are encouraged to participate in the spring kick-off of downtown Ypsilanti's Second Fridays where they can visit local shops and support local businesses. Let's celebrate business growth and opportunity in Ypsilanti!

SPEAKERS
The Honorable John D. Dingell, 15th Congressional District Dr. Susan Martin, President Eastern Michigan University Robert Guenzel, Washtenaw County Administrator Ronnie Peterson, Washtenaw County Commissioner, 6th District Host: Michael A. Finney, President and CEO Ann Arbor SPARK

WHERE
SPARK East, 215 W. Michigan Avenue in Ypsilanti

DATE
May 8, 2009

TIME
Open house tours will run 1:30-5pm, followed by the community-wide open house in downtown Ypsilanti from 5-8pm. A press conference and ribbon cutting will begin at 2:30pm.

Women's Exchange of Washtenaw Forum 2009

2009-05-05T14:31:00.004-04:00

Brilliant Business Women - Don't miss a full day of WXW on May 15th!

Last May over 200 women leaders got together to talk about business, form connections, and focus on growing their companies. On May 15, 2009, we're doing it again. Only this time it's going to be even bigger and better!The Women's Exchange of Washtenaw (WXW) is hosting its second annual conference on Friday, May 15th.

This year we're featuring intensive morning workshops, and an afternoon filled with a thought-provoking panel discussion, breakout sessions where all attendees participate, plus a rip-roaring happy hour (actually it's 2 hours!). Trust me - you do NOT want to miss this event! We expect over 300 attendees. Go to http://www.wxwbusiness.com/ for info and registration

Details: Morning workshops are 2 hours long and include:

* Creating and Executing Your Vision (Facilitators: Eleni Kelakos & Carrie Hensel)
* Online Social Networking – How to Use Facebook, LinkedIn, and Other Web Tools for Your Business (Facilitators: Catherine Juon & Marisa Smith)
* Marketing - Drafting a Plan to Tackle Your Market (Facilitators: Debra Power & Rhonda Foxworth)
* Financial Strategies & Managing Cash Flow (Facilitators: Diane Gilson & Mary Hayes)
* Leading From the Middle (Facilitators: Dolly Smith & Lynette Cable)
* Time Management & Productivity (Facilitators: Beth Stoner & Tracey Roy Williams)
Lunch will be provided and with plenty of time to mix and mingle.

Afternoon panelists include:

* Debi Scroggins, CEO, Bearclaw Coffee
* Maria Thompson, President of the Government Solutions Group of A123Systems, Inc (formerly T/J Technologies, Inc.)
* Kimberly Cumming, Executive Director, The Women’s Center of Southeastern Michigan
* Moderator = Mary Morgan, Publisher of the Ann Arbor Chronicle.

Breakout sessions provide a forum for businesswomen to openly interact, collaborate, and participate in meaningful discussions about pressing issues. Topics include:

* Entrepreneurial Leadership - How to work ON the company vs. IN the company
* Team Building - Employee Recruitment and Retention
* Marketing Tactics* Sales Strategies
* Customer Service & Retention* Extreme Networking
* Strategic Opportunities For Growing Your Company
* Creating and Communicating a Vision for Your Company

Don't forget- there's a 2 hour happy hour at the end of the event where you can talk more with women you've met throughout the day. There will be wine, food, music, and ample opportunity to make business connections.

The event will be held at the Kensington Court Ann Arbor, 610 Hilton Blvd., Ann Arbor. The cost to attend is $129 for the full day or $79 for the afternoon. Register at http://www.wxwbusiness.com/.

Event sponsors include the Ann Arbor Area Chamber of Commerce, Key Bank, Allegra Print & Imaging, Ann Arbor SPARK, Arboretum Ventures, Bank of Ann Arbor, Brogan & Partners, Dollar Bill, Dykema, Homewatch CareGivers of Ann Arbor, Michigan Commerce Bank, MI-SBTDC, Plante & Moran, Whole Foods, and Weidmayer, Schneider, Raham & Bennett. Media sponsors include Ann Arbor Radio, Business Review & Corp! Magazine

Is Entrepreneurship For You?

2009-04-22T14:04:00.003-04:00

Is Entrepreneurship For You?

In business, there are no guarantees. There is simply no way to eliminate all the risks associated with starting a small business - but you can improve your chances of success with good planning, preparation, and insight. Start by evaluating your strengths and weaknesses as a potential owner and manager of a small business. Carefully consider each of the following questions:

Are you a self-starter? It will be entirely up to you to develop projects, organize your time, and follow through on details.

How well do you get along with different personalities? Business owners need to develop working relationships with a variety of people including customers, vendors, staff, bankers, and professionals such as lawyers, accountants, or consultants. Can you deal with a demanding client, an unreliable vendor, or a cranky receptionist if your business interests demand it?

How good are you at making decisions? Small business owners are required to make decisions constantly - often quickly, independently, and under pressure.

Do you have the physical and emotional stamina to run a business? Business ownership can be exciting, but it's also a lot of work. Can you face six or seven 12-hour workdays every week?How well do you plan and organize? Research indicates that poor planning is responsible for most business failures. Good organization of financials, inventory, schedules, and production can help you avoid many pitfalls.

Is your drive strong enough? Running a business can wear you down emotionally. Some business owners burn out quickly from having to carry all the responsibility for the success of their business on their own shoulders. Strong motivation will help you survive slowdowns and periods of burnout.

How will the business affect your family? The first few years of business startup can be hard on family life. It's important for family members to know what to expect and for you to be able to trust that they will support you during this time. There also may be financial difficulties until the business becomes profitable, which could take months or years. You may have to adjust to a lower standard of living or put family assets at risk in the short-term.

Why Small Businesses Fail

Success in business is never automatic. It isn't strictly based on luck - although a little never hurts. It depends primarily on the owner's foresight and organization. Even then, of course, there are no guarantees.Starting a small business is always risky, and the chance of success is slim. According to the U.S. Small Business Administration, roughly 50% of small businesses fail within the first five years.In his book Small Business Management, Michael Ames gives the following reasons for small business failure:

Lack of experience

Insufficient capital (money)

Poor location

Poor inventory management

Over-investment in fixed assets

Poor credit arrangements

Personal use of business funds

Unexpected growth

Gustav Berle adds two more reasons in The Do It Yourself Business Book:

Competition

Low sales

More Reasons Why Small Businesses Fail

These figures aren't meant to scare you, but to prepare you for the rocky path ahead. Underestimating the difficulty of starting a business is one of the biggest obstacles entrepreneurs face. However, success can be yours if you are patient, willing to work hard, and take all the necessary steps.

Excerpt from the SBA.gov site

http://www.sba.gov/smallbusinessplanner/plan/getready/SERV_SBPLANNER_ISENTFORU.html

2009-04-16T08:36:00.001-04:00

Washtenaw County, in partnership with Eastern Michigan University and Ann Arbor Spark, has been selected by the Michigan Strategic Fund to receive an award of $250,000 in grant funding through MEDC and the state of Michigan. The grant will support Spark East, the third business incubator in Spark's Regional Incubator Network; located at 215 W. Michigan Avenue in Ypsilanti, Spark East offers affordable office space and critical start-up services to new businesses.

In addition to the state grant, Spark East received support from many local partners, including Eastern Michigan University, the Michigan Small Business and Technology Development Centers, the Ypsilanti Area Chamber of Commerce, Washtenaw County, City of Ypsilanti, Ypsilanti Township, Superior Township, The B-Side, the Ann Arbor Area Community Foundation and the Eastern Leaders Group.

All of these organizations are providing financial and other support for initial and ongoing operations. The grant funding will be used toward operational expenses for the incubator.
"Our intention is for Spark East to be a catalyst for business and community growth in eastern Washtenaw County," said Rolland Sizemore Jr., chair of the Washtenaw County Board of Commissioners. "We've supported the establishment of the incubator as a very direct way to assist innovative companies at their earliest stage of formation and development."

Two conference rooms and utilities are included in an entrepreneur's SPARK East lease, ranging from one-month to one-year commitments. Additional resources are VoIP telephone system, T-1 Internet connections as well as use of copiers, fax machines, and cleaning services.

"The Eastern Leaders Group, a group of elected officials, business and academic leaders have been instrumental in developing a vision for the acceleration of economic development on the east side of the county," said Ronnie Peterson, Washtenaw County Commissioner. "The Spark East incubator is a first and important step in laying the groundwork for strategic local development."

Currently, LaVision, Sensei Change Associates, Brainstorm Creative and Smart Dining occupy Spark East. Lease applications for Spark East are available at http://www.annarborspark.org/start-ups/spark-incubator/#east. For a tour of Spark East, contact Shamar Herron at shamar@annarborusa.org or (734) 372-4070.

The Ann Arbor Spark Regional Incubator Network is comprised of two business and one wet lab incubator. The incubators provide physical space, essential business services and business development guidance -- at lease rates that are affordable for start-up companies. The Ann Arbor Spark Regional Incubator Network includes Spark Central Incubator located in Ann Arbor, Spark East Incubator located in Ypsilanti, and The Michigan Life Science and Innovation Center in Plymouth.

As Reported by Â© MMIX WWJ Radio, All Rights Reserved.

DATE CHANGE for Business Plans Workshop

2009-04-14T09:29:00.004-04:00

Entrepreneurial Series: Writing a Business Plan has been changed from April 30th to April 23rd due to a scheduling conflict. The time will remain the same, 3:00pm through 6:00pm at our MI-SBTDC office, 301 W. Michigan Ave, Ypsilanti. If you have preregistered and cannot make the new date or need further information please call the office, 734.547.9170.

This workshop will help you understand the necessary content and best format for your business plan and show you the resources to create it. For further information or to check out the other workshops available please visit our Calendar of Events on our website, www.misbtdc.org.

SPARK East Community Open House

2009-04-08T15:40:00.001-04:00

SAVE THE DATE: Join Us for a Celebration of Business Growth in YpsilantiOn May 8, Ann Arbor SPARK, in collaboration with the Eastern Leaders Group and all Eastern Innovation Campus partners, will kick off a community-wide business open house with the debut of SPARK East, the third business incubator in SPARK’s Regional Incubator Network. SPARK East offers affordable office space, and critical start-up services, to new businesses.

Join us for a tour of the incubator, learn more about how Ann Arbor SPARK grows businesses in our region, and meet entrepreneurs starting up and aiming for success. Following the SPARK East Open House, visitors are encouraged to participate in the spring kick-off of downtown Ypsilanti's Second Fridays where they can visit local shops and support local businesses. Let’s celebrate business growth and opportunity in Ypsilanti!

WHERE: SPARK East, 215 W. Michigan Avenue in Ypsilanti

DATE: May 8, 2009

TIME: Open house tours will run 1:30-5p, followed by the community-wide open house in downtown Ypsilanti from 5-8p. A press conference and ribbon cutting will begin at 2:30p

http://www.annarborspark.org/start-ups/spark-incubator/

Alternatives to Unemployment, a SCORE Workshop

2009-04-06T08:29:00.004-04:00

Ann Arbor SCORE is conducting a workshop/seminar, “Alternatives to Unemployment,” at Ikea in Canton, MI on April 21st, 2009 from 6-8 p.m.

Have you been contemplation starting your own business have you always wanted to have your own business but didn’t know how to get it started? Then this in one event you don’t want to miss.

Where there is a will there is a way… “Where there is a vision and a dream there is a means to make it happen. Let’s help Michigan’s economy together as a team, brush, off the dirt, let’s get back in the saddle again! Employ, Empower, and make it happen!”-Michelle Webster

Presentation topics include: how to start yourself, circle of influence, options and opportunities your SWOT analysis, and much more. Presenters from legal, accounting, banking, and SBA backgrounds will be on hand to help answer questions as well.

http://business.ikea.com/sb/siteshell/startup.html#,en_US;eventview,10485854

http://www.score.org

Celebrate Small Business

2009-04-03T10:08:00.000-04:00

Small business is the lifeblood of Michigan's economy. Not since the early years of the era of mass production has that statement been more true. Five of the organizations that support and celebrate entrepreneurism in Michigan have banded together to create Michigan Celebrates Small Business, the state's premier awards ceremony for entrepreneurs and small business leaders.

These organizations include:

*The U.S. Small Business Administration - Michigan
*The Small Business Association of Michigan
*The Michigan Economic Development Corporation
*Michigan Small Business & Technology Development Center
*Edward Lowe Foundation

Last year, over 600 leaders in both business and government gathered to honor more than 60 of Michigan's small business leaders. This year's event promises to be even more exciting and the award winners even more successful and deserving.

If you are an entrepreneur, you'll want to be sure to check out the nomination procedures and find out how your firm or perhaps the firm of a colleague might win one of these prestigious awards. Entrepreneur or not, you can still attend the event, support the cause of small business and rub elbows with some of the state's most promising business people, politicians and deal makers.

For more information please visit http://www.michigancelebrates.biz/

Starting a Kitchen Incubator: One Community's Story

2009-04-02T10:35:00.002-04:00

Ron Steiner of the Starting Block kitchen incubator in Hart, MI will share the story of how a small rural community in northern west Michigan starting a viable kitchen incubator.

All who are interested in learning more are invited to attend. There will be plenty of time for question and answer. This is also a time to connect with the steering committee and communicate your opinions about the project.

This event is sponsored by the Chelsea Community Kitchen Steering Committee and in place of our regular meeting

Time:April 7, 2009 from 8:30am to 12:30pm
Location: Chelsea District Library
Street: 221 S. Main Street
City/Town: Chelsea, MI 48118
Website or Map: http://www.chelsea.lib.mi.us/
Contact Info: 734) 475-8732

Bootstrapping a business TODAY.

2009-04-01T15:11:00.001-04:00

ENTREPRENEURS - NOW Is the time! Bootstrapping a business TODAY.

On April 2nd, prepare to have all your business questions answered. If you feel knowledge is holding you back in your business, keeping you from driving more sales, lowering your costs, creating new products, or marketing your current ones, this is the premier event for you. We've brought together 5 experts in 5 industries: marketing, accounting, law, management, and entrepreneurship, for a no-holds barred, gloves off, let's get right to the bottom of the barrel, Q and A session. Parking will be extremely limited, so please park across the street at the WCC main campus. All are welcome!

Cost: Free Food: Provided Host: Student Entrepreneurs Zone Club When: Thursday April 2nd, 4 - 6 PM (6 - 8 open networking) Where: WCC Health & Fitness Center: Both Conference Rooms

Panel of Professionals:
Entrepreneurship/Management: Diane Durance
Entrepreneurship/Technology: Carrie Hensel
Business Marketing: Gerald Schorin
Business Accounting: Jeff Doloway
Business Law: Paul Callam

Please RSVP by sending an email to: sezclubrsvp@gmail.com, subject: "April 2nd Event," and don't forget to include your first and last name in the email. Thank you!

http://www.wccnet.edu

Hiring, Firing, Discipline & Interviewing Do's and Don'ts Event

2009-04-01T15:06:00.003-04:00

HR BASICS

Hiring, Firing, Discipline & Interviewing Do's and Don'ts is the topic of this week's First Friday Forum.

This is an opportnity to get the answers to your HR questions from a Labor and Employment Law specialist. C. Philip Baither, III is a partner of the law firm of Robison Curphey & O'Connell. His office is in the firm's Adrian office on East Maumee Street. The program is set for this Friday, April 3 at Noon and will be held at the Blue Flame Room at 117 North Winter Street, Adrain, MI. (Please park in the City Lot across the street.)

Cost is $7.50 and includes a boxed lunch. Make your reservations now. This is an excellent opportunity to learn from an expert! To make your reservation, reply to this e-mail or call 265-2320. See you there!

http://www.adrianareachamber.com/

MI-SBTDC 2008 Statewide Economic Impact

2009-03-30T09:05:00.004-04:00

At the MI-SBTDC we like to focus our attention on the successes of our clients. In this post we are shifting our perspective and sharing with you our accomplishments in assisting small businesses for 2008.

MAKING A DIFFERENCE...

5,503 businesses were counseled.
6,789 clients attended training
12,382 businesses/clients were reaches by SBTDC
21,901 employed by the businesses counseled

42% of businesses were Female owned
9% of businesses were Veteran owned
22% of businesses ere Minority owned (excluding females)

58% of businesses counseled were existing.
42% of businesses were startups.
360 businesses counseled were started
3,379 new jobs were created
$289,963,167 capital raised (traditional & technology companies)

SBTDC TECHNOLOGY TEAM...

Total number of high-tech clients served: 358
Total number of client hours of assistance: 6825

Total number of new technology jobs created: 282

Total capital raised (including SBIR): $54,433,706
SBIR Phase I and II capital raised: $9,974,352

DID YOU KNOW...

The SBTDC and the Kaufmann Foundation have launched a statewide program to help dislocated workers start small businesses? The Fast Trac*New Venture* program aims to help dislocated workers evaluate business opportunities and develop and action plan for owning their own small business.

The SBTDC, as a managing partner of Michigan Celebrates Small Business event, has vetted its 50 Companies to Watch and 11 SBA Recognitions. The event is aligned to be another success. Twenty-seven of the 50 companies to watch are SBTDC clients, an outstanding fact in year 5 of this event.

The goal of the MI-SBTDC is to continue to make a difference by strengthening companies, creating new jobs, and assisting companies like yours in defining their path to success.

Business.gov Launches First Government-Sponsored Online Community for Small Businesses

2009-03-20T09:18:00.001-04:00

WASHINGTON – SBA’s Business Gateway Program announced today the launch of a new Web initiative – http://Community.Business.gov – the first government-sponsored online community built specifically for small businesses.The objective of the Business.gov Community supports the White House’s mission to create a transparent and connected democracy, and aims to provide small business owners, bloggers, and the government with a place to discuss and share information about starting and running a successful business.

An extension of Business.gov, the Business.gov Community combines discussion forums, blogs, an idea exchange, and more, and offers advanced tools for navigating the labyrinth of government resources, policies, laws, and opportunities that impact the small business owner.

In addition to providing a “home” where users can share expertise and unique experiences, the site also provides a pioneering opportunity for small businesses to provide direct input into Business.gov and voice the ways government and the online community can better serve them.

“Over the past year, we have significantly expanded our efforts to engage with small business owners, by giving them easy access to the information they need to run their business,” said Nancy Sternberg, program manager of Business Gateway. “The launch of the Business.gov Community represents a new milestone. Through the application of Web 2.0 technologies, we hope to unite small business owners, industry experts and government, and take the program to a new level of collaborative knowledge-sharing and insight.”

Over the next few months, the Business.gov Community will expand to include additional features and resources that address specific user interests and provide access to the wider pool of government and Business.gov partner resources available to the small business owner.

About Business.govBusiness.gov is managed by the U.S. Small Business Administration in partnership with 21 other federal agencies. This partnership, known as Business Gateway, provides innovative information services to the small business community that save time and money, engage citizens to participate, and enable collaboration across all key levels of government. Launched in 2004, Business.gov provides a single access point to government services and information to help the nation’s businesses with their operations

SBA Revises Goodwill Lending Provisions in SOP; Will Consider Higher Limits Case-by-Case

2009-03-13T11:44:00.003-04:00

WASHINGTON -The U. S. Small Business Administration announced that it is accommodating concerns raised regarding the recently announced policy guidance on the financing of goodwill. SBA will consider loans for larger goodwill amounts on a case-by-case basis through August 31, 2009. The announced policy guidance originally allows SBA loans to be used to finance goodwill, but limits that financing to no more than half the loan amount, up to $250,000.

"We are aware of the concerns surrounding SBA limits to goodwill lending and are taking measured steps to address those concerns in a responsible manner," said SBA Acting Administrator Darryl K. Hairston. "SBA is committed to helping our lending partners finance small business, but access to capital must be balanced by our need to manage the risks in
our portfolio and the implications those risks have for potential costs to the taxpayers."

"Goodwill" is the difference between what a buyer pays for an existing business and the book or fair market value of the assets of the business. Goodwill is one of the riskiest assets that can be financed, because it typically has no liquidation value in the event a loan defaults.

Until the new Standard Operating Procedures, or SOP, were issued for SBA loan programs last year, the previous guidance for goodwill was that sellers should finance it when a business was sold. However, as lenders increasingly used SBA-guaranteed loans to finance business sales, the agency issued more specific guidance, which was due to take effect on March 1, 2009.

The new guidance, issued February 6, 2009, allowed use of SBA-backed loans to finance goodwill up to a maximum of 50 percent of the loan amount, up to a maximum of $250,000.

The agency received comments from lenders and business brokers expressing concern that such limit would effectively stop business acquisitions at a time when many newly unemployed individuals are considering the purchase of a business.

After thorough consideration of the comments, SBA decided to review loan applications that do not meet the guidance in the SOP on a case-by-case basis. SBA will use the next six months to study the types of transactions involving substantial goodwill and consider a revision of the current policy when the semi-annual update of SOP 50 10 is published in September of 2009.

One-Stop-Shop for Michigan Business

2009-03-06T15:13:00.001-05:00

LANSING - Governor Jennifer M. Granholm today unveiled Michigan Business One Stop, a one-of-its-kind program that reforms the way companies will now do business with the state of Michigan. As the governor called for in her 2008 State of the State address, the program provides more than 650,000 businesses across Michigan with a single source for government information and services they need.

"Our one-stop-shop for business represents a significant reform in how we are serving the business community," Granholm said. "We've streamlined our operations and created a single point of entry to state government for businesses that call Michigan home or those looking to establish a presence in our state."

Michigan Business One Stop is an online service that guides users who want to start, operate or expand a business in Michigan. Business owners can apply for or renew permits and licenses, file annual reports and pay unemployment taxes, or any other fees they are subject to under state law. Information is shared across state departments with one, easy e-payment system, and the site provides businesses information about transaction status in a new, paperless environment. In addition to the new web site, the program offers:

- a staffed consolidated call center housed in the Michigan Economic Development Corporation (MEDC) with expanded weekday hours designed to answer questions and help businesses obtain information and services they need;

- a Michigan business ombudsman who will lead a team at the MEDC to assess business issues and mediate solutions to help both businesses and state agencies move forward in a coordinated fashion. Gregory A. Sando, a former senior employee relations representative with Blue Care Network of Michigan and a long-time manager of workforce relations with Consumers Energy, was recently hired to serve as the ombudsman.

Michigan Business One Stop has been under development for more than a year with the help of Michigan's business community. More than 100 business owners and representatives from business associations assisted in identifying needs and ensuring that the final program addressed those needs.

Among the business people who participated in the focus groups is Debra (Levantrosser) Setman, executive director for business improvement with Johnson and Johnson who spoke on behalf of the program.

"I believe the Michigan Business One Stop may be one of the factors when people are deciding where to start or move a business," Setman said. "The one-stop-shop is a win-win for taxpayers and businesses alike."

Chuck Hadden, president and CEO of the Michigan Manufacturers Association, said his members will benefit from the new program, which is superior to any other state-run business web site in the country.

"We like the idea of having one place businesses can go to get the answers they need," said Hadden. "Secondly, this business portal will give Michigan businesses the ability to easily track their permits and hopefully reduce the length of time it takes for those permits to be issued."

Michigan Business One Stop can be found at www.michigan.gov/business

SCHEDULE CHANGE : Web Marketing with Ingenex to take place March 17th

2009-03-05T16:04:00.003-05:00

Using the Internet effectively is a critical piece of many small businesses' marketing strategies. Learn about pay-per-click campaigns, search engine optimization, social media, blogs, podcasts and more in this information-packed session presented by Ingenex Digital Marketing. Cut through the hype and learn which of these tools can help you grow your business.

The date for this workshop has been changed from March 24th to March 17th. The time is still 11:30am to 1:00pm. The cost is $10 payable by cash or check at the door. Seats are limited so please call 734.547.9170 to register for the session.

http://www.misbtdc.net/workshop.aspx?ekey=120290031

Adrian Chamber CerifiChecks Announcement

2009-03-04T16:02:00.001-05:00

ANNOUNCEMENT FROM THE ADRIAN CHAMBER OF COMMERCE, ADRAIN, MI

CertifiChecks, Inc. of Dayton, Ohio
has ceased doing business as of February 26, 2009.

This is an unexpected and unfortunate circumstance and
one that should not have happened.

No stores, restaurants, etc. can accept Certifichecks. The certificates may not be cashed, deposited or redeemed.

The Adrian Area Chamber of Commerce working with other affected Chambers as well as our State professional association to facilitate resolution for any individuals and businesses who are holding unredeemed Certifichecks. Please contact our office if you have checks and let us know the amounts. Call 265-2320.

ACTION BEING TAKEN: The Chamber, in partnership with United Bank and Trust is in the process of establishing the Adrian Area Chamber Gift Check program. It will function the same as CertifiChecks with the exception that all monies will be in a dedicated checking account at United Bank and Trust. We will keep you apprised of progress.

In the meantime, please return all unredeemed CertifiChecks to the Adrian Area Chamber of Commerce – 128 East Maumee Street. Please include your name, phone number and total of the CertifiChecks being returned. We will keep you apprised of efforts to secure refunds for purchasers.

How to Become a Fearless Small Business Owner In Uncertain Times

2009-03-02T09:52:00.003-05:00

By Robin Fisher-Roffer,
Author of The Fearless Fish Out of Water: How to Succeed When You're the Only One Like You

In a crowded marketplace burdened by a sluggish economy, ONLY THE FEARLESS SURVIVE!

STEP 1: Go Fishing for the Real You.
It’s time to focus on what you do better than anyone else and put that out there to your customers and prospects. You have to peel away all the layers that have made you a jack of all trades and hone your skills to become an expert at something that’s valuable right now. Perhaps you own a boutique ad agency and you can design anything, but what you do best work is build b-to-b websites. That’s your vein of gold, and where you can drive revenue to your customer’s bottom line.

STEP 2: Use Your Differences as a Lure.
In extraordinary economic times like these, the natural tendency is to just hunker down, do the work, cut back on expenses and try not to lose the business you have. News flash: That’s exactly the strategy that will probably hang you. Because if you’re not standing up, standing out, and standing for something important, your days may be numbered. Use the strengths of what makes you different to make a difference with your customers.

STEP 3: Find a Few Fish like You.
Step 3 on the path to fearlessness is to build relationships so that you can anchor yourself in these rough seas. Now is the time to reward your customers for their loyalty, get on an airplane and see them, take them out to lunch (nothing fancy or you’ll look out of touch), and stay connected through social networking sites. This is the moment to deepen customer relationships to ensure your security and your company’s future.

STEP 4: Swim in Their Ocean Your Way.
Every time you pitch a prospect you are a fish out of water. When you finally get inside, it’s important to learn how to be part of the culture without getting lost in it. As a small business owner, it can be deadly to get so entrenched with someone else’s culture or demands that you can’t find the real you. Instead look for what resonates with you and don’t buy into what doesn’t feel right. Stay true to your core values. If you don’t, at the end of this recession, you may not recognize yourself or your own company.

STEP 5: Put Yourself Out on the Line.
Businesses who shine a light on what’s different about them are perfectly positioned to make a difference. It’s not the wallflower who’s going to help their customers go green, or the conformist who will invent the new business model. Getting behind a cause is good for business and makes you look like a hero. Volunteer, join a board, make a major donation. You may be paralyzed by fear and feel like every minute you need to push that rock up the hill. Shake it off. Give to others instead and watch what you receive in return.

STEP 6: Evolve by Casting a Wide Net.
Conformity is not distinguishing. The way to live deeply is to keep reinventing yourself, changing with the times and with the your customers. Holding onto the essential you while updating your style, your website, your advertising and your thinking is the fastest way to the top. Step 6 of being a Fearless Fish asks that you use your place outside the circle to always be relevant to your customers and industry. It’s about staying true to the essence of who you are, and then recasting your image to feel brand new.

STEP 7: Reel in Your Unique Power.
Uncertainty makes everyone question their personal value and the value of their business. The fearless among us overcome these doubts by practicing their ABCs—action, belief, and courage. It’s time to stop wringing your hands and start raising your hand to make a difference. Believes in ourselves can either propel us, or hinder us. The story that you tell about your company is what others will believe. Use your unique power to make them believe that you are indispensable and that is exactly what you will be!

Copyright © 2009 Robin Fisher-Roffer author of The Fearless Fish Out of Water: How To Succeed When You're The Only One Like You
http://www.businessknowhow.com/growth/fearless.htm

Tecumseh DDA Grant Programs

2009-02-26T13:50:00.001-05:00

DDA Grant Programs

The Tecumseh Downtown Development Authority (DDA) has budgeted funds to assist businesses in improving their downtown properties. This will take place in the form of matching grants for exterior improvements to downtown buildings. The programs are as follows:
Façade Incentive Grant Program

This grant program was created to improve the economic vitality of downtown Tecumseh by encouraging private investment through historically sensitive rehabilitation and dramatic improvement of façades in downtown. The program offers a matching grant of up to $5,000 for eligible exterior improvements made to a qualified commercial building within the DDA District.
Sign Incentive Program

The sign incentive program seeks to bridge the gap in cost between unattractive signage and highly functional, attractive signs that complement downtown Tecumseh’s historic buildings thereby creating a more attractive Central Business District. The intent of the program is to encourage three dimensional, symbolic, projecting signs that emphasize the pedestrian nature of downtown Tecumseh. Applicants may seek a matching grant up to $500 to help offset the cost of new signage that fits these criteria. A copy of the Design Guidelines for Downtown Tecumseh can be obtained by contacting the DDA Office at 424-6003.

Grant Applications must be completed and submitted to the Tecumseh DDA Office in conjunction with the following application cycles: April 30th and September 30th. Applications will be accepted at any time during the calendar year; however, review and approval will take place after the above deadlines. The City of Tecumseh’s DDA Office is located at 112 South Ottawa Street. Questions can be directed to Paula Holtz at 424-6003 or pholtz@tecumseh.mi.us.

Small loans to keep troubled firms afloat Washington Business Journal - by Kent Hoover Washington Bureau Chief

2009-02-24T11:54:00.001-05:00

As reproted in the Washington Business Journal:

The economic stimulus package includes a $35,000 life preserver for small businesses drowning in red ink.
Under the law, the Small Business Administration temporarily will guarantee 100 percent of loans of up to $35,000 issued by banks to small businesses that are struggling to make payments on existing debt. The SBA will subsidize the interest on the loan, and small businesses will have a year before they have to start repaying it.
“Our committee has heard from many firms who could be viable and grow again if they could only buy a little time,” said Rep. Nydia Velazquez, D-N.Y., who chairs the House Small Business Committee. “This new program was designed with these firms in mind.”
The loan amount may be small, but the program could help many small businesses, said Edward Tuvin, a former SBA lender who now is managing director of Creative Capital Associates, a Silver Spring factoring business.
By using banks to make these loans instead of making them itself, the SBA also “keeps bankers employed,” Tuvin said.
The stabilization loan program is one of several provisions in the stimulus package aimed at making the SBA a more effective source of assistance to small businesses during the recession. The final bill, however, does not include a House provision that would have enabled the SBA itself to make loans to small businesses if its network of private-sector lenders turned them down.
The law gives the SBA $375 million so it can temporarily eliminate or reduce fees on its regular 7(a) and 504 business loans. Lending through both programs is down dramatically this year. Slashing the fees should make the loans more attractive to borrowers and lenders.
The SBA also is authorized to guarantee up to 90 percent of 7(a) loans, except for loans made through the SBA Express program. The current guarantee limits are 75 percent for loans above $150,000 and 85 percent for smaller loans.
The increased government guarantee will “provide a higher level of protection for risk-weary lenders,” said Sen. Mary Landrieu, D-La., who chairs the Senate Small Business and Entrepreneurship Committee.
The legislation also allows small businesses to use the 504 program to refinance existing loans under certain conditions.
Nonprofit organizations will receive $6 million in additional funds to make microloans of up to $35,000 to businesses with 10 or fewer employees. An additional $24 million will be used to provide technical assistance to those companies.
The stimulus bill also includes steps to thaw the frozen secondary market for SBA loans. Many lenders must be able to sell their existing SBA loans to have enough capital to make new loans. The legislation allows the SBA to make loans to broker-dealers who purchase 7(a) loans and then pool them for sale to investors.
The new law also aims to unfreeze the secondary market for first-lien loans in the 504 program, which is used for real estate and other fixed assets. The SBA will guarantee pools of these loans, making them less risky than other mortgage-backed securities.
In addition, the bill temporarily increases the SBA’s guarantee on surety bonds from $2 million to $5 million, which “will allow more small businesses to compete for more federal projects, creating jobs now, investing in America’s future and helping to drive us out of this recession,” said Sen. Benjamin Cardin, D-Md.

MEDC names Gregory Main new CEO by: Tom Henderson

2009-02-23T09:43:00.002-05:00

As reported on Crains Detroit Business...

The Michigan Economic Development Corp. announced Friday afternoon that pending formal approval by the board of directors on Feb. 26, D. Gregory Main will replace James Epolito as president and CEO of the economic development organization effective April 1.

Eopolito had announced in January that he was leaving the MEDC to become president of Delta Dental of Michigan and president of its parent company, Renaissance of America.

Main, a 1970 graduate of Michigan State University, was with the state’s Department of Commerce from 1983-1991 and was secretary of commerce in Oklahoma from 1991-1994.

He was a partner in a Research Triangle firm in North Carolina, Intersouth Partners, from 1994-1998; general partner in a $66 million venture capital firm in Oklahoma City, Chisholm Private Capital Partners, from 1998-2002; and president and CEO of i2E Inc., a technology commercialization organization in Oklahoma City, from 2002 till last June.

“Greg Main is tested, proven economic developer with everything it takes — focus, energy and tech savvy — to bring new investments and jobs to our state,” said Matthew Cullen, chairman of the MEDC executive committee, in a press release.

“Jim Epolito has led Michigan’s economic development with vision and vigor through one of our state’s most trying times. We cannot thank him enough,” said Cullen.

SBA Warns of Fraudulent Attempts to Obtain Bank Account Information from Small Businesses

2009-02-19T10:41:00.000-05:00

Release Date: February 18, 2009
Contact: Mike Stamler (202) 205-6919
Release Number: 09-11
Internet Address: http://www.sba.gov/news

SBA Warns of Fraudulent Attempts to Obtain Bank Account Information from Small Businesses

WASHINGTON – The U.S. Small Business Administration issued a scam alert today to small businesses, warning them not to respond to letters falsely claiming to have been sent by the SBA asking for bank account information in order to qualify them for federal tax rebates.

The fraudulent letters were sent out with what appears to be an SBA letterhead to small businesses across the country, advising recipients that they may be eligible for a tax rebate under the Economic Stimulus Act, and that SBA is assessing their eligibility for such a rebate. The letter asks the small business to provide the name of its bank and account number.

These letters have not been sent by or authorized by the SBA, and all small businesses are strongly advised not to respond to them.

The scheme is similar in many ways to e-mail scams often referred to as “phishing” that seek personal data and financial account information that enables another party to access and individual’s bank accounts or to engage in identity theft.

The SBA is working with the SBA Office of Inspector General to investigate this matter. The Office of Inspector General asks that anyone who receives such a letter report it to the OIG Fraud Line at 1 (800) 767-0385, or e-mail at OIGHotline@sba.gov.

MI-SBTDC Google Workshops

2009-02-18T14:34:00.002-05:00

As an entrepreneur in today's fast growing e-commerce society it may be difficult to understand how your business can make its mark on the World Wide Web. The MI-SBTDC has joined forces with Google to promote a series of workshops designed to help your business to become more efficient and stand out from the crowd.

Google Workshop topics include:

Getting Started with AdWords, March 3rd, In this workshop, we walk users through the AdWords sign-up wizard and provide tips for creating an effective AdWords account. See how to develop a keyword list, create an ad text, and set a daily budget. You will leave with your own AdWords account and knowledge on the resources and tools available to Google AdWords users.

Optimize Your AdWords Account, March 10th, In this workshop, we will focus on strategies and resources to help optimize your existing AdWords campaign. An optimization can help improve account performance, whether that be an increase of impressions, clicks or conversions come learn how to optimize your account's performance.

Being Productive with Google, March 18th, In this workshop, users will learn about various Google products that can help you be efficient and organized in your day-to-day activities. The various products being covered include: Gmail (Google Email), Google Documents, Google Chat and Google Form to name a few.

Google Grants, March 25th, In this workshop, 501(c)(3) organizations will learn how Google AdWords can help promote their organization and mission. We will focus on what Google AdWords is and on how to apply for a Google Grants award.

All sessions will be offered from 5:00- 6:00pm in the Google offices in down town Ann Arbor, 201 S Division St # 500. Seats are limited so please register in advance for this informative series. To register please visit

http://www.google.com/events/a2adwordsworkshops/

For mor information please email:
A2AdWordsWorkshops@Google.com

Is Your Small Business Fiscally Fit? by: Jennifer Deamud

2009-02-16T09:05:00.004-05:00

When you receive the financial reports from your accountant what do you do with them? If you take a quick glance and put them in a file how do you know if your business is fiscally fit and financially stable?

However, if you're looking at benchmarks and metrics monthly, and using your financial information as the basis for all your business decisions your business is probably on the path toward being fiscally fit.

Small business owners often make several mistakes with their business financial(s) analysis and planning which handicaps their ability to be successful and grow. The four biggest and crushing mistakes are; not budgeting and forecasting, not knowing the break-even point and not analyzing the company's ratios and comparing them to the industry. And finally, many businesses expand without first making sure that the business can afford it. Many businesses have grown themselves out of business.

So what are the indicators of financial/ fiscal fitness and why are these aspects of business financials so important? How do they help you, the small business owner, meet the challenge to not only maintain and but also improve your fiscal fitness which is a key component of your competitive advantage?

Budgeting and forecasting help develop a business model, review your key assumptions and identify resources and capital needs. They can also be used as a management tool by establishing milestones and the accountability for accomplishing the milestones. Budgets and forecasts help identify risks and establish benchmarks. This will help the small business owner make the necessary adjustments to manage risks, reach milestones and measure up to benchmarks.

Knowing the break-even point for your business is a tool that enables you to plan for the future with a solid foundation. Break-even point allows you very accurately project how many sales you need to make, what you need to do to achieve that level of sales and even how much you can increase profitability by cutting.

Most small business owners focus on the growth of their business rather than profitability determining their break-even point. It's natural to focus on growth but profits are essential for any small business. Therefore, knowing your break-even point is essential to the overall business operation and is the key to strategic planning and maintaining and increasing profitability during the long term.

Ratio analysis is a method for determining the overall financial condition of your small business. It puts the information from your financial statement into perspective, helping to spot financial patterns that may threaten the health of your business.

For example, current ratio (current assets divided by current liabilities) is the standard measure of any business' financial health. It will tell you whether your business is able to meet its current obligations by measuring if it has enough assets to cover its liabilities. The current ratio should be part of your business' basic financial planning, meaning it should be tracked monthly or quarterly and compared to a baseline that is meaningful to your business. By keeping a close eye on this figure, you will recognize if it begins to get out of line. This will allow you to take early action to prevent your business from ending up in a difficult negative cash flow position.

Ratios are also very useful for making comparisons between your business and other businesses in your industry. For example, comparing ratios can indicate whether a business is holding too much inventory or collecting receivables too slowly. This comparison provides a window into ways your business can improve its operations. A number of sources, including many trade or business associations and organizations, provide data for comparison purposes; they are also available from commercial services.

Also making decisions to grow your business first requires a careful analysis of the current financial situation to determine your business' readiness for growth using all the previously mentioned indicators of fiscal fitness. Two essential elements in being fit to grow is a) the ability to generate cash from your current business operations to support future growth, and b) the level of your business' financial stability which gives you the ability to obtain external funding.

If you are making any of these financial fitness mistakes what should you do? You should speak with your accountant first, who should be a trusted business advisor. Accountants are extremely busy doing a difficult job against tight deadlines so they may refer you to a business consultant for an in-depth look at your financials.

The experienced business consultants at the Michigan Small Business and Technology Development Center™ (SBTDC™) assist small business owners one-on-one, at no cost, to understand their financials, and to use the above financial tools and analysis to become more fiscally fit.

In addition to talking with a business consultant, there are seminars that help small business owners understand their financials. Fiscal Fitness for the Growing Business seminar is presented by the SBTDC™ and sponsored by Fifth Third Bank. The seminar is offered statewide and provides business owners with an in-depth look at the essentials of using financial information to make effective decisions about improving their business performance. Thanks to the sponsor ship Fifth Third Bank, this seminar is offered at low cost to the participants.

Please see the link provided to register for the upcoming Fiscal Fitness for the Growing Business seminar on February 20, from 8:00am to Noon, Morris Lawrence Building, Washtenaw Community College. Cost: $25.00 reduced from $75.00 thanks to our sponsor 5/3 Bank.

MLive Free Basic Business

2009-02-13T14:24:00.002-05:00

MLive offers a great benefit for local businesses in Michigan with a free basic web listing in their 'Business Finder'. Most businesses currently have a page and are unaware of its existence. If the site is unused it provides your contact information along with a map of your location. If there is not a current listing for your business one can be created at no cost to the Michigan business owner. Once you obtain your free listing you can upload one image, create one link to another website, compose a description of products or services, list hours of operation, describe parking availability, list payment types, as well as explain directions to your place of business. Additional items are available at a cost through the MLive Bronze, Silver, and Print & Online packages. Please visit the MLive link provided for more information.

Chelsea Michigan Kitchen Incubator Project

2009-02-10T15:49:00.002-05:00

Today began the first in a series of meetings to discuss the possibility of creating a Kitchen Incubator in the Washington Street Education Center. This plan would take advantage of the existing cafeteria kitchen space by repurposing it for local entrepreneurs. As this was an initial brainstorming meeting specific details were not discussed rather a broad range of topics related to the success or failure of this new venture. The discussion was organized yet still very open and conducive for creative thoughts thanks to the presenting team of Victoria Bennett and Krissa Rumsey, of Washtenaw Community College.

Many local citizens were among the crowd including the Mayor Ann Feeney, Chelsea City Manager, John Hanifan, David Bloom of Ann Arbor SPARK, and Marie-Ann Fody owner of Zou Zou’s Café. The community seems very interested if not outright supportive of the plan for utilizing and reclaiming this space.

Team SBA Roundtable

2009-02-09T15:58:00.000-05:00

Are you trying to start, expand or purchase a business and need financing? Would you like to meet with bankers and SBA loan officers to discuss your needs? Do you want to learn how a lender analyzes your loan request and what they look for in an application?

Team SBA is a roundtable session where you can learn what is required from a lender. You will have opportunities to meet with business counselors who can help you prepare your loan request for the bank.

February 12, 2009
4-6:30pm Cost: Free

MI-SBTDC Offices
301 W. Michigan Ave
Suite 101
Ypsilanti, MI 48197 Reserve:734.547.9170