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

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

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

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

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

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

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

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

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

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

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

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.

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

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.

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: 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:

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.

You're Invited to the Michigan Celebrates Small Business.

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!

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

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

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

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

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

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

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

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

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