see what's Going on behind the scenes! SBDC.org Upper Peninsula Works! Upward Talent Council Northeast Works! Small Business Development Center 2015 annual report State Lead Center and West Grand Valley State University Southwest Western University Northwest Networks Northwest Mid Mid Community College Great Lakes Bay Delta College Lansing Community College I-69 Trade Corridor Kettering University Southeast Eastern University Greater Washtenaw Washtenaw Community College
SBDC.org Upper Peninsula 426 46 Small Business Development Center Check out our regional impact data $13.9M 84 152 $4.5M 19 208 Northwest Mid Northeast 428 26 $17.3M 18 Jobs Created & Retained Formation (Millions) New Businesses Started Attended Training West 461 35 $45M 890 Southwest 404 30 $20.3M 182 104 24 $3.2M 58 161 33 $15.4M 563 465 26 $14.5M 331 Greater Washtenaw 426 38 $35.9M 337 Great Lakes Bay 409 34 $7.8M 582 548 36 $55.6M 1306 I-69 Trade Corridor Southeast
Governor Rick Snyder, State of Constance Logan, U.S. Small Business Administration, District "'s thriving small business community has been an integral part of the state's continued economic success, supporting our increase in private sector jobs and low unemployment rates. The Small Business Development Center is committed to creating a climate that encourages innovation and entrepreneurship while helping connect small business owners with resources they need to grow, start and succeed. The partnership between the Economic Development Corporation and the SBDC is an important part of s comprehensive business support network. The services SBDC offers strengthen our business community and our state helping create more and better jobs. The MEDC is proud to work with the SBDC to ensure have access to the resources they need to be successful. Steve Arwood, CEO Economic Development Corporation s entrepreneurs benefit greatly from the partnership between the Small Business Administration s District Office and the SBDC. Together we are able to offer federal procurement, counseling services, access to capital, and business education. The SBA is proud to partner with the SBDC and we look forward to providing a positive impact on the small business community for many years to come. Grand Valley State University and the Seidman College of Business are proud to host the SBDC State Lead Center. The SBDC s role in providing guidance to small across the state is something we truly value. The SBDC is a strategic and valued partner. Diana Lawson, Dean Seidman College of Business Grand Valley State University s entrepreneurial spirit touches all who live here! Small across the state are moving our state economy forward. The Small Business Development Center, commonly known as the SBDC, provides no-cost expert guidance to many of our state s small to help propel that success. Two quotes from nearly 100 years ago aptly sum up the important SBDC and small business synergy taking place today. Thomas Watson Sr., founder of IBM, famously said, To be successful, you have to have your heart in your business, and your business in your heart. Our 80-person team of SBDC experts spreads across every corner of the state, residing at great regional hosts in all of s 10 Prosperity s. Each and every day, SBDC counselors are bringing their heart and passion to the task of guiding business clients in areas such as business planning, market research, export assistance, financial analysis, and more. Why is this assistance so important? James Cash Penney, founder of JC Penney, observed a fundamental business dynamic long ago: Growth is never by mere chance, it is the result of forces working together. The SBDC, often in close collaboration with many of our state s other strong economic development partners, extends a hand so that have a voice of experience and common ally in their growth. The work is invigorating, and the success stories stunning. New spring up where none existed before, and long established find new trajectories with SBDC assistance, touching lives and communities. We achieved all of our 2015 goals and reached out in new ways as well, from small business cyber security to economic inclusion. Teamwork pays. We are pleased to have the support of such great stakeholders: the Small Business Administration, n, the State of, the Economic Development Center, Grand Valley State University as our State Lead Center host, and all of our committed regional hosts listed on the cover. Together, we make a meaningful difference to the small of, helping those who pour their hearts into their based grow to new heights of - success! Keith Brophy State Director Small Business Development Center
5,177 5,686 counseled individuals attended training 347 new 3,984 were opened jobs were created and retained 2,161 Startups AND 3,016 existing Were counseled 440 1,077 2,115 MIchigan sbdc consultants helped generate in $ 233,515,752 S tat e w i d e Formation
From startups to growth companies, the SBDC works with some of our state s brightest and most exciting small. The SBDC aligns to rigorous team accreditation requirements and clientattributed, verified impact reporting standards key elements in the SBDC-proven approach to serving small. Learn more about who we work with, and what we do. 39,735 Total hours of one on one business counseling provided by MI-SBDC consultants. 347 New were opened. Top ClienT Industries 1. Manufacturing 2. Retail Trade 3. Other Services Technical Services 5. Accommodation and Food Services 85 Technology products commercialized in 2015. $15,083,807 Generated in SBIR/STTR awards. $55,645,466 Total capital formation generated through technology commercialization. who we work existing with technology commecialization euvokas developed a high speed process to produce Basalt Fiber Reinforced Polymer rebar at parity with steel. The company was started in because of the support systems (engineering, machining, manufacturing, university and capital) that are readily available. The SBDC Technology Team helped us with our long term strategic development. Erik Kiilunen Neuvokas Corporation Ahmeek, MI
702 Number of clients who received market research from the MI-SBDC. These clients created: market research 57 332 292 new a look ahead: ad: 2016 Strategic Goals new jobs jobs retained "We change lives by reducing energy waste in residential and commercial buildings. When buildings are healthy, comfortable and inexpensive to operate, it helps people, the environment, and the economy. With 80 team members in the Detroit area, our 2016 revenues will triple our previous annual revenue. The SBDC helped position us for success with a new bank, which has certainly been a factor in our growth. Carla Walker-Miller Walker-Miller Energy Services Detroit, MI 1 2 3 4 5 Drive increased small business impact through complementary partnerships Provide small with state-of-the-art counseling Improve clarity and reach of SBDC message Infuse analysis and best practices in all we do to optimize benefit to Extend an SBDC culture centered in positive attitude, teamwork and accountability for top engagement with partners and small ses Helping michigan Succeed
great lakes bay SBDC delta college 345 331 counseled individuals attended training 26 new were opened 465 jobs were created and retained 142 Startups AND 203 existing Were counseled 28 78 172 MIchigan sbdc consultants helped generate in $ 14,550,245 regional Formation
www.sbdc.org