Small Business Support for Governor Whitmer’s State of the State
February 13, 2019
Governor Whitmer’s first State of the State provided an opportunity to communicate her vision for the future of Michigan, including fundamentals like improving Michigan’s roads, building its workforce and expressing her support of Michigan’s small businesses.
“We’re very encouraged by the Governor’s commitment to small businesses,” commented J.D. Collins, State Director of the Michigan Small Business Development Center. “As Michigan’s premier provider of small business resources, we look forward to continued opportunities to provide entrepreneurs the support they need to start and grow their businesses.”
The Michigan Small Business Development Center (Michigan SBDC) provides no-cost consulting, business education, secondary market research and technology commercialization to new and existing businesses throughout Michigan’s 83 counties. The SBDC will continue to play a critical role in the success of Michigan’s small businesses, as they have for over two decades.
Inductive Intelligence, a Grand Rapids-based technology company, has utilized the Michigan SBDC’s services as their business has grown.
“We’re extremely grateful for the support we’ve received from the Michigan SBDC. Their advice has enabled us to avoid pitfalls, grow our business and secure funding to hire key people to accelerate our business,” commented Greg Clark, Co-Founder and CEO of the company.
Their innovative technology uses wireless power transmission, wireless communication, and emerging sensor technology to turn paper, plastic, glass, foil and metal packaging into Internet of Things (IoT) enabled cookware. Using highly controlled inductive power, their products allow the consumer to heat foods, drinks, household, and personal care items in the package by simply placing it on a coaster-sized appliance that can also be used to wirelessly charge a mobile device. The Michigan SBDC has supported Inductive Intelligence with its overall business plan and go-to market strategy, as well as supporting the development of prototypes for proof of concept testing with major retailers in the U.S.
The impact of the Michigan SBDC extends through all of Michigan’s 83 counties. In 2018 the Michigan SBDC provided consulting to over 5,600 businesses, resulting in 394 new businesses opened and 4,475 jobs created and retained. Michigan SBDC consultants helped generate over $203,603,784 in new capital formation for small businesses.
These client-verified impact numbers exceed statewide goals, a testament to the the Michigan SBDC’s strong fundamentals, mission-driven employees and collaborative partnerships throughout the small business community.
With Governor Whitmer’s continued support of small businesses, the Michigan SBDC is well poised to continue providing services to both startups and existing businesses.
About Michigan SBDC: The Michigan Small Business Development Center (Michigan SBDC) provides consulting, business education, secondary market research and technology commercialization to new and existing businesses throughout Michigan’s 83 counties.
The Michigan SBDC is located at the Grand Valley State University, Seidman College of Business in Grand Rapids, Michigan. As host of the Michigan SBDC State Headquarters, the Seidman College of Business oversees the 11-region Michigan SBDC network. Entrepreneurs and small business owners may access the services of their nearest Michigan SBDC by calling (616) 331-7480 or visiting www.sbdcmichigan.org.