Economic Impact 2012/2013!
Looking back at 2012 and ahead to 2013.
We are focused: starting businesses, growing businesses, debt and equity financing, creating jobs, retaining jobs, and adding to the positive economic climate in Livingston County for 2013! We ramped up in 2012 and 2013 promises to be a tremendous year!
Here are our economic impact figures for 2012:
Loans Applied: $1,692.624.00
Loans Received: $1,612,624.00
Capital Formation: $2,954,125.00
Jobs Retained: 47
Jobs Created: 36
Sales Increase: $4,615,875.00
Long Term Clients: 41
Already in 2013:
Loans Applied: $1,100,000.00
Capital Formation: $256,000.00
For the statewide MI-SBTDC in 2012:
Loans Applied: $154,818,011.00
Loans Received: $88,310,635.00
Capital Formation: $183,409,328,72
Looking forward into 2013:
Venture Plan 10 week program starting March 15, 2013 (Friday mornings) at the Greater Brighton Area Chamber of Commerce. Graduation event on June 14, 2013.
- Promotion and testimonials of role of programs to success stories from earlier 2010, 2011, and 2012 programs.
- Continued high level weekly speakers bringing their life experience to share with early stage businesses.
- New corporate sponsors for local Venture Plan program.
- Promotion and graduation of participants and their businesses.
Financial Specialist, Al Bacon, and Growth Team Consultant, Cathie Abad, counseling 2nd stage businesses (in excess of $750,000 in annual revenues) meeting clients in Livingston County.
Michigan Celebrates Small Business on May 2, 2013 with success stories in mind for the 2013 awards program.
Development of new corporate sponsors for programs.
Focus on marketing strategies using review and planning tools.
Focus on cash flow projections and management using financial statements.