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Michigan SBDC 2022 Annual Report

Michigan SBDC Annual Report 2022

The Michigan SBDC is pleased to offer our support services to small businesses in all 83 counties of Michigan. Please join us in celebrating our clients and the impact of our team in this 2022 annual report.

A Resilient Small Business Economy

No matter what the challenge, Michigan small businesses survived – and thrived – in 2022. Whether facing supply chain issues, labor shortages or rising inflation, working with the Michigan Small Business Development Center (MI-SBDC) helped entrepreneurs make better, more informed decisions to achieve their goals.

DRM International Learning Center

Re’Shane Lonzo

Startup Client Spotlight

Services We Provided
Accessing capital, business plan development, financial analysis, market research, growth & strategic planning, one-to-one consulting.

Outcomes We Helped Deliver
“Thank you to the MI-SBDC for allowing entrepreneurs like me the opportunity to connect with professional consultants that really focus on getting to know who you are and truly care about your experience and the growth of your company.”
– Re’Shane Lonzo, Owner, DRM International Learning Center

LaFleur Marketing

Chip LaFleur

Growth Client Spotlight

Services We Provided
Financial analysis, Focus Four™, growth & strategic planning, one-to-one consulting.

Outcomes We Helped Deliver
“We’ve doubled in size and have seen significant increases in revenue; our profitability has improved. Luckily for us, we’ve been able to partner with the MI-SBDC not only to build relationships, but also to grow and extend our reach as a marketing agency. I attribute much of that to the MI-SBDC.”
– Chip LaFleur, Owner, LaFleur Marketing

Intecells

Xiaohong Gayden

Tech Client Spotlight

Services We Provided
Accessing capital, growth & strategic planning, tech commercialization, one-to-one consulting.

Outcomes We Helped Deliver
“We are creating a disruptive technology and have found our partnership with the MI-SBDC to be instrumental in raising millions with a successful investor relations strategy. The Tech Team especially has been wonderful, making Michigan the best place to start a business.”
– Xiaohong Gayden, Cofounder & CEO, Intecells

What We Do

From Startup to Scaling Up. Expert, No-Cost Business Guidance.

Our services include
• Accessing capital
• Business education & training
• Business plan development
• Cybersecurity
• Exit planning
• Export assistance
• Financial analysis
• Growth & strategic planning
• Market research
• One-to-one consulting
• Tech commercialization

2022 Impact

Client Demographics

SBDC Teams and Services

Consulting

40,127
Hours of consulting provided

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Market Research

903
Market Research And SEO Reports Completed

Training / Business Education

227
Webinars Hosted

3,383

Webinars Attended

Who We Are

J.D. Collins, CEO | Executive Director, MI-SBDC

The SBDC’s client-centered strategies yielded positive outcomes for our clients in 2022. Businesses that discovered the SBDC returned this year and referred others, resulting in a third straight year of elevated demand for consulting services.

SBDC consultants rose to the occasion, taking pride in their work and altruistic roles as “connectors” in the economic development community. While there are many ways to measure the impact the SBDC has on Michigan small businesses, I hope this report also provides a snapshot of the intangible benefits that our relationships have in clients’ lives.

On a personal note, I had the privilege of representing small businesses with testimony to the U.S. House of Representatives Small Business Committee. The messaging was clear: relationships matter and Michigan is a shining example of how a collaborative ecosystem results in better outcomes for small businesses. I’m honored to be part of a dedicated team helping small businesses thrive.

Statewide Teams

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Export Team

From identifying and entering new markets to loan packaging and strategic planning, our team of export specialists helps small businesses navigate the world of exporting.

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Cybersecurity Team

Our cybersecurity team helps small businesses combat everyday cybersecurity threats through interactive courses, free downloadable resources and expert small business consulting.

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Regional Center Teams

With 10 offices across the state, we provide entrepreneurs and small business owners with convenient access to no-cost consulting, training and support services.

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Growth Team

Our Growth Team consultants consist of industry experts that service businesses interested in growing or transitioning.

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Technology Team

Our Michigan SBDC Tech Team works with technology businesses throughout the state to bridge the gap between technology development and commercialization.

Introducing your Michigan SBDC 2022 State Star!

 

Southwest Regional Director Tamara Davis is a dynamo. According to her peers, “Tamara has built a reputation as a ‘can-do’ leader and inspires the team to high achievement related to economic impact goals and our mission. She has and continues to step up above and beyond related to statewide initiatives.”

Partners Supporting the Vision

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The SBA is proud to continue to support the Michigan SBDC as a vital resource partner and especially excited about the things they accomplished this past fiscal year. They continue to understand the mission and need by progressively being proactive, to create and adjust programming to reach all the underserved communities in Michigan which is even more critical as we move through this post pandemic time in our history.Laketa Henderson, Michigan District Director, U.S. Small Business Administration

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Our small businesses are the heartbeat of our communities and economy, and I will work with anyone to make sure they have the workforce and resources to grow and expand right here in Michigan.Gretchen Whitmer, Governor of Michigan

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We are privileged to host the MI-SBDC at GVSU. We are like-minded, purpose-driven, organizations dedicated to connecting with the small business community while driving entrepreneurship and innovation.Diana Lawson, Ph.D., Dean of the Seidman College of Business, Grand Valley State University

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The SBDC continues to create transformational opportunities for Michigan’s small businesses and support our efforts to keep growing the state’s economy. No business is small to the owner who puts time, energy, and money toward making it a success, and SBDC’s work is vital in helping more Michigan risk-taking entrepreneurs realize their dreams and employ our friends and neighbors right here in our great state. Let’s get it!Quentin L. Messer, Jr., CEO, Michigan Economic Development Corporation (MEDC)

Our Initiatives

Uplift Michigan

It’s more than a program. It’s a strategic approach designed to ensure equitable access for all diverse entrepreneurs across the state.

Value Builder™

Whether you want to sell your business now or decades into the future, your Value Builder score can help you determine strengths and weaknesses and determine next steps.

Focus Four™

Focus Four is a program designed to help small business owners grow their business faster, improve profitability, elevate themselves to a more strategic role and build more value in their companies. Key pillars include Vision, Strategy, Execution and Cash Flow.

Small Business Big Threat

Small Business Big Threat, our cybersecurity program, is a leading resource to increase awareness of cybersecurity threats and offer tools to strengthen cybersecurity plans and programs.

 

Partnership Events

Contact Us

Regional Locations

Connect with us
@michigansbdc

Call Us Toll-Free at 833.522.0025

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The Michigan Small Business Development Center (MI-SBDC) is a statewide network funded in part through cooperative agreements with the U.S. Small Business Association, the Michigan Economic Development Corporation and Regional Hosts. The statewide host of the MI-SBDC network is the Seidman College of Business at Grand Valley State University. The Michigan SBDC is nationally accredited by the Association of SBDCs.

Additional Information

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