Sample MEDC Presentation

1
Michigan Small Businesses You Are The Big Deal!
State of Michigan IT Supplier Forum July 18, 2006
Chris Holman Michigan Small Business
Advocate Michigan Economic Development Corporation
2
Impact of Small Businesses on Michigans Economy

• Small companies critical to employment and tax
  base most new jobs come from small businesses.
• Michigan investing and reinvesting to ensure your
  future success.
• MEDC goal to ensure you have the assistance,
  resources and services you need to grow in
  Michigan.

3
MEDC and Partner Services Customer Assistance

• MEDCs front door and the place to call when you
  need help and dont know where to go.
• [phone]

4
MEDC and Partner Services Michigan Business
Ombudsman

• Michigans small business advocate
• Helps small companies resolve problems with state
  government agencies
• Cutting through red tape
• Assists in understanding state government
  regulations

5
MEDC and Partner ServicesWorkers Comp. Cost
Management

• Helps employers find ways to save money on
  workers compensation coverage
• Counsels on understanding rights and
  responsibilities of workers comp

6
MEDC and Partner Services Financing

• Variety of public loan programs available
  depending on your companys stage, condition and
  risk level
• Capital Access Program
• 21st Century Jobs Fund
• Charter One Job Creation Loans
• SBA Express 504 Loans

7
MEDC and Partner Services Expanding Current
Markets

• Resources available for expanding a companys
  customer base
• Business counseling and market research through
  our partner, Michigans SBTDC network, can
  solidify ideas for opening new markets
• Government contracting help through our statewide
  Procurement Technical Assistance Center (PTAC)
  network and new Defense and Government
  Contracting Coordinating Center
• Export assistance for expanding into global
  markets

8
MEDC and Partner ServicesSmall Business
Technology Development Center Network

• Grass root level specialists who offer
  counseling, training and research to new
  ventures, existing small businesses and
  innovative technology companies
• Twelve regional centers
• www.misbtdc.org

9
MEDC and Partner ServicesProcurement Technical
Assistance Centers (PTAC)

• Statewide network that helps small companies sell
  to the government
• Assists with linking businesses to federal and
  state government agencies
• Bid matches and packaging

10
MEDC and Partner Services Technology Focus

• 21st Century Jobs Fund
• 2 billion, long-term focus on diversifying our
  economy with an emphasis on developing
  competitive edge technologies.
• Targeted sectors include life sciences, advanced
  automotive technology, homeland security/defense
  and alternative energy.
• Majority of competitive awards are to small
  businesses and entrepreneurs.

11
MEDC and Partner Services Account Managers and
Local Partners

• MEDC account managers and local economic
  development partners visit thousands of
  companies each year
• More than 70 of visits are to small companies
  with fewer than 100 employees

12
MEDC and Partner Services Partnerships/Collabora
tion

• More efficient referrals and problem solving
• We are creating a network of service providers,
  bringing in these partners to leverage public and
  private resources
• Created a Small Business Advisory Board to ensure
  that small businesses can connect with resources
  they need
• When it comes to your problem were going to find
  the best possible solution

13
Small Business Initiatives

• MEDCs Business Organization Directory allows a
  small business to market its product or service
  on its web site
• Chris Holman, Michigans Small Business Advocate,
  is traveling the state promoting the importance
  of small business
• Michigan Celebrates Small Business annual
  awards event that honors the contributions of
  small companies
• Michigan 50 Companies To Watch highlights
  small, dynamic companies that demonstrate
  Michigans diversity and entrepreneurial spirit

14
Q A

• Web www.michigan.org
• Michigan Economic Development Corporation
• 300 N. Washington Square
• Lansing MI 48913
• [phone]