Eastern Michigan University
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Small Business Development Center Beats Expectations

Published February 27, 2014

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Richard King

Richard King, Director, SBDC

More than $64 million in capital has been generated into the Southeast Michigan region thanks to the efforts of the region's Michigan Small Business Development Center (SBDC). The Southeast Region of the Michigan SBDC is operated by Eastern Michigan University.

The SBDC, a business assistance program sponsored by a grant from the U.S. Small Business Administration, has 12 regional offices in Michigan and provides counseling, training and research for new and existing small businesses.

"The goal is to help people businesses get capital or help them plan and execute capital and spend what they already have," said Richard King, the regional director at EMU. "We've done a good job with accomplishing that goal."

The revenue, which beat its projected goal by more than $20 million, was generated through a combination of ways, including loans received by small businesses, investments made by business owners and from outside sources.

EMU uses their portion of the grant to operate offices in Wayne, Oakland and Macomb counties in partnership with the Departments of Planning and Economic Development in Oakland County and Macomb County as well as the Business Development Center at Schoolcraft College.

"We use the grant money to work with partners in metro Detroit to operate offices that provide an array of services," King said. "We help develop and improve business in Southeast Michigan by helping [small businesses] increase sales, generate jobs protect existing jobs and we specialize in helping businesses get financing from banks and other sources."

Some of the services the SBDC offers are one-on-one consultations, workshops, training. The SDBC in Southeast Michigan generally works with small businesses that have no more than 100 employees.

The SBDC works with a variety of businesses, including restaurants, consulting firms, manufacturers, and staffing companies. They also work with a lot of technology based startup companies that are in the early stages and have high potential for growth.

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473 Gary Owen Building
300 W. Michigan Ave.
Ypsilanti, Michigan 48197

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