WUOMFM

small business

localfirst.com

When it's time to buy something, what's your pattern? Do you head to the big chain store thinking you might save a little bit? Or do you try to take your business and your money to a local business?

Elissa Hillary hopes you think "local first."

"When you are supporting a locally owned business, 73% more money stays in the community and recirculates, and that money goes to create jobs to fund our tax base, to support our infrastructure, and schools and roads and things like that," said Hillary.

She heads up Local First. It’s a Grand Rapids-based group with a mission to get us all to keep our local businesses and merchants top of mind when we go shopping.

She joined us today.

Listen to the full interview above.

User thinkpanama / Flickr http://j.mp/1SPGCl0

Michigan is number one in the nation for loans being issued to small businesses.

Turns out the Small Business Administration's Michigan district backed 1,221 loans to the tune of nearly $344 million in the first eight months of this fiscal year, which puts the SBA's Michigan district office at the top of the heap in terms of 7A lending.

David Sowerby is an economist with Loomis Sayles in Bloomfield Hills, and he joined us today to discuss what this means for the state.

Listen to the full interview above.

Michigan is leading the nation in small business loans. It seems like good news on the surface, but are there economic consequences for so many new start-ups?

And author Keith Taylor stopped by to give us his picks for summer-time reads. His choices might just surprise you.

Also we began a week-long series of stories here on Stateside where we'll hear from immigrants about what America means to them. Today's story came from a young woman who lives at the Salvation Army's Teen Parent Center in Grand Rapids. 

And, we found out how one couple is trying to bring goodness to communities by baking pies.

Also, we welcomed Interlochen Public Radio listeners to Stateside! Listeners from Traverse City to Manistee; Harbor Springs to Ludington, joining in on the conversations and issues that matter to all of us as Michiganders. Together, we'll explore breaking news and better understand policy issues, and we'll discover stories and meet people from every corner of our state.

First on the show, Governor Snyder continues his travels around the state today in southeast Michigan to push for an expansion of Medicaid. Governor Snyder wants to expand the program – using federal funds – to hundreds of thousands of low-income adults.

Snyder has criticized fellow Republicans in the Senate for leaving Lansing for their summer recess without voting on the measure. The state House had already approved the legislation.

Governor Snyder joined us today to discuss the issue.

More than 10,000 people are expected at a street party in Grand Rapids Saturday to celebrate all things local.

Locals bands, local food, and of course local beer; brewed special for the party with locally produced honey. It’s the biggest fundraiser of the year for Local First, a non-profit that supports locally owned businesses throughout West Michigan. It's their 10th anniversary.

Executive Director Elissa Hillary says if everyone in Kent County shifted 10% of their purchases to locally owned businesses, it would create 1,600 jobs.

“It’s important for us to just be aware that our daily choices have an impact and that they can have an incredibly positive impact,” Hillary said, “So if we’re making choices to support businesses in our community we’re essentially choosing to support people who live in our community.”

Lindsey Smith / Michigan Radio

Michigan was recently ranked fifth on USA Today's list of craft brew states in the country.

Over the past three to four years Michigan has seen a large growth in microbrewies.

There has been recent  buzz within the microbrewery scene in Michigan with news that the state's first 'Mobile Canning' line is being launched.

Microbreweries around the state will be able to get cans of their brew onto store shelves without having to invest in costly canning equipment.

Jake Neher / MPRN

Small business owners want Michigan to make its curriculum standards for high school students more flexible.

The state passed broad standards in 2006 for all students. They are supposed to ensure all students are ready for college.

The Michigan Merit Curriculum requires four years of math and English language arts; three years of science and social studies; and two years of a foreign language. Complete standards are outlined here.

gov.cbia.com

A state House committee this week will discuss whether to prevent local cities and towns in Michigan from passing laws requiring businesses to offer paid sick leave to their employees.

San Francisco, Seattle and several other major cities have passed ‘paid sick leave’ ordinances in recent years.  The intent is to protect people in low paying jobs, who stand to lose their job, if they try to take a sick day.

New export finance center opens in Detroit

Jan 30, 2013
Export-Import Bank of the United States

Earlier this week, Gov. Rick Snyder, Senator Debbie Stabenow and nearly 100 small business owners were in Detroit for the opening of a new regional office for the Export-Import Bank of the United States.

The new office is expected to help Michigan businesses export products overseas by providing access to various types of insurance, loans, and financial resources.

According to their website, the agency has helped generate $456 billion in export revenue since its creation by Franklin D. Roosevelt in 1934.

Andrew McFarlane / Flickr

Lakes Huron and Michigan are reaching record low water levels, and businesses along the Third Coast are feeling the effects.

Yesterday, Russell Dzuba, the harbormaster in Leland, Michigan (think Michigan's pinkie right on Lake Michigan), spoke with NPR's Melissa Block about what he's seeing out his window.

The low water levels have revealed a sand bar inside the Leland Harbor.

"...that ordinarily is not a good thing in a harbor," said Dzuba.

From the interview:

"We had an incredibly warm season - warm winter season last year, and we lost a lot of water to evaporation, and that takes place during the whole winter, as well as the summer.... Traditionally, we don't freeze as we did in the old days. It used to freeze all the way across the channel, 11 miles out to North Manitou Island. That hasn't happened here in a number of years."

You can listen to the interview here:

Last month, I posted on the low lake levels. If they continue to drop, which is expected, the low lake level record from March 1964 will be beat.

Lindsey Smith / Michigan Radio

Co-owners of Barfly Ventures Mark and Michele Sellers wanted to thank their employees for working their tails off during ArtPrize. So they designated Tuesday as employee appreciation day; whatever alcohol they sold would be split among the employees.

But before they opened, Mark Sellers got a call from the liquor control commission. Turns out, the state doesn’t like servers having an incentive to sell lots of alcohol, and it’s against the law.

“I can’t really be too mad at them because they gave us a courtesy call in advance and told us ‘hey don’t’ do this or you’re going to get in trouble’. It’d be like if a police officer called you and told you to slow down or he’s going to give you a ticket,” Mark Sellers said.

So instead of alcohol sales the Sellers’ will give their employees the food sales, not for just one day but three. They’ll pool the money from food sales at all three Grand Rapids establishments (HopCat, McFadden’s, and Stella’s Lounge) and split the total among all employees; cooks, servers, busboys, managers, and even HopCat’s official “chief beer geek” I met a couple weeks ago.

Michigan Association of Police Chiefs Executive Director Bob Stevenson speaks out against plan to relax liquor sales.
Jake Neher / MPRN

A plan to relax the state's alcohol rules is meeting resistance from some public health groups, law enforcement, and businesses. 

Governor Rick Snyder’s administration wants to make it easier for businesses like gas stations and farmers markets to sell alcohol. But a coalition opposing the plan says that could lead to more crime and violence.

Bob Stevenson directs the Michigan Association of Chiefs of Police. He says police are overburdened enough without expanding the availability of alcohol.

"When all these additional locations are selling alcohol to the motorists that are out there, potentially under-age drivers, we just don’t have the manpower out on the street to adequately police that and make sure they’re following the laws," says Stevenson.

Stevenson’s group also worries about a plan to eliminate fingerprinting for liquor license applicants.

Officials with the Office of Regulatory Reinvention say access to alcohol would not significantly increase under the plan.

Lindsey Smith / Michigan Radio

Republican Presidential nominee Mitt Romney is refocusing his tax plan to strengthen the middle class. Romney was in Colorado Thursday to outline his plan, which included points that have been previously released.

In Michigan and other states the campaign lined up several small business owners to share their support for Romney.

Tyce Holst owns Taylor Rental and Party Plus, a rental store in Holland that employs 10 full time workers. Holst says the recession forced him to lay off two employees.

MLive's Melissa Anders reports that some Michigan breweries dislike the sweeping proposed changes to liquor control rules being sent to Gov. Rick Snyder.

Small business owners and hopeful entrepreneurs are in Detroit today to get advice on  starting or improving a business.

The Urban Economic Forum, held by The White House Administration, hopes to help entrepreneurs in Detroit connect to resources and network with other business leaders.

The White House Administration said it is committed to supporting the Detroit area’s small businesses.

CBS Detroit reports:

Among the topics of discussion were the resources available to minority and urban entrepreneurs who are trying to access capital for their businesses. Mentors were also available to provide advice to business owners.

In a press, release the White House Administration wrote that other Urban Economic Forums will be held in Chicago, Illinois, and Columbus, Ohio.

Legislation is being introduced in the state house aimed at supporting small businesses and startup companies in the alternative energy sectors.

The legislation is co-sponsored by Democratic State Representative Marcia Hovey-Wright. She spoke with Jennifer White.

Hovey-Wright says, "Basically it’s a revolving loan fund for alternative energy, green manufacturing which includes, wind, solar, advanced battery and biomass. The intention is to create good paying jobs with good benefits."

Univ. of Mich. / YouTube

What do you get when you put dozens of college students in the basement of a parking garage with some office furniture, a WiFi connection and free coffee?

Well, it turns out you’ll end up with some pretty innovative ideas - as long as those students all happen to have diverse interests and a passion for entrepreneurship.

That’s the idea behind TechArb, a University of Michigan program that aims to provide student entrepreneurs with the mentoring, workspace and, in a few cases, funding needed to start their own businesses.

George Ruiz / Flickr

Ann Arbor’s Parthenon Restaurant closed last week after almost 40 years at the corner of Main and Liberty. 

For me, it marked more than the passing of a favorite spot, but the end of a time-honored ritual for the guys. 

We filed in, and walked to our favorite table in the back.

A little warmer, and we’d sit outside, but it was still March, so whatya gonna do?

The owners and waiters nodded. They’ve seen us more than a hundred times.

Jonathan Alexander / Facebook

Members of Generation Y---those Americans born in the 1980s and 1990s who are currently in college or cutting their teeth in the working world---have received their share of scrutiny in recent years. But where their parents might be discussed in terms of day-glo paint and ideological revolution, Gen Y-ers tends to garner attention for their inseparable relationship with technology and their bad timing, starting their adult lives in America's worst economic climate since the Great Depression.

Going Nowhere?

Last month, the New York Times ran an op-ed piece co-written by economist Todd Buchholz and his daughter Victoria, a student at Cambridge University. It bore the headline “The Go-Nowhere Generation” and in it the Buchholzs argued that unlike previous generations, Generation Y has "become risk-averse and sedentary," unwilling to leave home in search of "sunnier economic climes."

Event helps entrepreneurs network

Jan 29, 2012

More and more people have been attending an annual event that helps entrepreneurs turn their ideas into realities.

It’s called The Annual Collaboration for Entrepreneurship and it happens Tuesday, January 31. It’s hosted by the economic development organization Ann Arbor Spark.

Skip Simms is Ann Arbor Spark’s senior vice president. He says the event helps people with small operations engage in some good old fashioned networking, which can help them grow their businesses. Simms says in a few years’ time, these small start-ups could grow into the next DOW, Kellogg, or GM, and hire thousands of employees in Michigan.

About 1,000 people went last year and the space outgrew its original location at Washtenaw Community College. It now takes place at Skyline High School in Ann Arbor. Tickets are $20 at the door.

DETROIT (AP) - A Veterans Affairs conference this summer in Detroit is expected to bring $3 million of spending to the area.

The National Veterans Small Business Conference will be held June 25-29 at Cobo Center. Organizers say more than 6,000 veterans, business owners and federal employees are expected to attend.

Nearly 5,000 people attended the conference last year in New Orleans.

Mayor Dave Bing and Veterans Affairs Chief of Staff John Gingrich announced the conference  Wednesday. Gingrich says the conference and a hiring fair "will provide veterans with on-the-spot job opportunities and interviews" in the public and private sectors.

A partnership of federal agencies and private industry attracted more than 4,100 veterans and resulted in over 2,600 on-the-spot interviews and more than 500 tentative job offers earlier this month in Washington D.C.

Many people view Michigan as ground zero when it comes to job loss and unemployment. Yet despite the tough economy, some people are quitting their jobs in an effort to pursue their creative passions, which are often unpaid. 

From fast food to felt toys

screen grab

Beginning this month, law students at the University of Michgian will be able to sign up for a new Entrepreneurship Clinic. The clinic will focus on helping students do things like set up businesses, and protect intellectual property.

Law School Professor Dana Thompson will run the Entrepreneurship Clinic.

She said it makes sense to help the growing number of entrepreneurs at the university with their legal issues, such as employment law issues, developing contracts for their businesses, leases, and financing.

Thompson said the clinic will give law students a great opportunity to connect with business, engineering or other students, "and begin to make those connections with future clients or colleagues, and to do it while you're in school and everybody's kind of in that learning stage is a great opportunity for them."

Ten students will be part of the clinic's inaugural class, but the plan is to more than double the capacity.

The program attracted more than five times the number of applicants as there were spots available. Thompson says the interest reflects the fact that the employment landscape is changing, with a shift toward entrepreneurship.

Democrats in Lansing have outlined a package to help small businesses grow and hire unemployed people.

The plan includes taking a portion of the money that’s in a state trust fund and investing it in local banks and credit unions to make small business loans.

State Representative Vicki Barnett said that will help small businesses having trouble getting credit from larger banks and investment funds.

“We know that a very teeny investment can have huge dividends in terms of job creation and access to capital,” said Barnett.

“There is no other state that I know of that is taking this approach to aggressive investment – doing things they already do with taxpayer money and targeting it to grow jobs in their own state,”she added. 

The Democratic package would also allow small banks and credit unions to pool their finances to invest in larger projects.

Barnett says that would make larger loans possible while allowing the institutions to share the risk.

The plan also calls for a tax credit for small businesses that hire long-term unemployed people and veterans.

Republicans shy away from job creation credits. They say the state should not single out specific businesses for tax breaks.

Lucy Bland

Business incubators are a trumpeted, but yet unproven way to give entrepreneurs and their projects a higher chance of success.  Foundations and governments are lining up dollars to support incubators in their communities.

Some of the larger incubators around the region were profiled by Niala Boodhoo earlier this week. But there are also more grassroots efforts springing up, incubators that seem themselves to be small enough to be supported.

Marcy Kates lives and works in Holt, Michigan. Two months ago she left her job as a program officer for the state’s AmeriCorps program and opened IncuBake, an incubator kitchen and commercial kitchen space. Kates used her savings and her credit cards to open the kitchen, inspired by being unable to find low-cost commercial space for her own catering.

“I started this project to be a job creator, " said Kates.

Even so, she intentionally stayed away from a nonprofit model, wanting more flexibility and not really wanting to fundraise. That meant using her savings and her credit card to start the business, which is now about 15 percent full but, Kates says, growing steadily.

Niala Boodhoo / Changing Gears

Stop me if you’ve heard this one before...

"We genuinely believe small business is the backbone of America, it’s going to the key for us to be able to put a lot of folks back to work."

That’s President Obama earlier this year.

Warm feelings about small business come at all levels, and on both sides of the aisle.

Here’s Michigan’s Republican Governor Rick Synder this summer:

"Talk about the jobs you’re creating, even if it’s one job – that is the backbone of the reinvention of Michigan."

Or Chicago Mayor Rahm Emanuel last week at the SmallBizExpo:

"Nothing is more important to our econonmic expansion than the small business of Chicago and the small business of tomorrow that will be in Chicago."

It’s more than just political talk.

LANSING, Mich. (AP) - Michigan lawmakers are renewing a push to require more businesses selling items over the Internet to collect the state's 6 percent sales tax.

Legislation dealing with the issue was detailed Tuesday at the state Capitol.

The Michigan Retailers Association says some out-of-state, online-only retailers use legal loopholes that allow them to avoid collecting state sales tax at the point of sale. The retailers association says that gives the online retailers an unfair price advantage and hurts Michigan businesses that have storefronts and collect the sales tax.

Bills to be introduced by Republican Rep. Eileen Kowall of Oakland County's White Lake Township and Democratic Rep. Jim Ananich of Flint would move online-only retailers under the same sales tax collection laws under which brick-and-mortar businesses operate.

Maureen Reilly / Flickr

The number of women running farms in Michigan is growing, according to a report in today's Lansing State Journal:

The number of Michigan farm acres managed by female principal operators has more than doubled in 30 years, from 252,980 acres in 1978 to 552,075 acres in 2007, the most recent date available from the United States Department of Agriculture's Michigan Field Office.

courtesy of Jeremy Peters

As the election season begins, it almost seems politicians are obligated to tout small business as one way to stave off further economic collapse and bring back the American Dream for all of those whom it has left behind.

Small business overall does have a tremendous economic footprint in this country, employing half of all private sector employees, by government estimates. But small business is also a really big umbrella. The United States Small Business Association includes any firm with less than 500 employees a small business. It’s easy to see how a business with 500 employees could be critical to a town.

Then there are people like Laura Cowan. She hopes to be a small business owner, but she’s not there yet. Cowan runs a green, affordable parenting blog out of her home, and patches together paying work while she balances full-time care of her young daughter. She is what has been called a “micro-preneur.” These are people who run very small businesses, typically with only one, or at most a handful, of employees.

In developing countries, micro-enterprise has received great attention for helping move some people, especially women, out of abject poverty. In this country, that strategy has been tried, but has worked less well. One reason is because starting a small business is very high risk, and pretty low-reward. There are people who begin these types of businesses because they have no other way to support themselves, but there are also a lot of people looking to make a change in their lives and thinking starting a business might be a good idea.

It is less certain what the effects of micro-enterprises are on the economy in this country. They haven’t been studied anywhere near as much as small businesses. It’s not clear how often micro-enterprises turn into flourishing small businesses, how often they stay small, and how often they fail.

Here are portraits of three different Micro-entrepreneurs in Michigan:

Russ Climie / Tiberius Images

UPDATE 4:30 p.m.

One hundred thirty million will be available to Michigan businesses as part of a new grant program. The money is the first of the Small Business Association’s Impact Investment Initiative. The goal is to help grow and create jobs through public-private partnerships. The InvestMichigan! fund is a partnership between the SBA, Dow Chemical Company and state funds.

Karen Mills is with the SBA. She says Michigan was the perfect place to start the program.

“Michigan has great assets. It has one of the highest engineers per capita for any state. It has a well-trained workforce, it has great universities and it has extraordinary entrepreneurs,” Mills said.

The program will distribute 1-point-5-billion-dollars to businesses nationwide throughout the next five years.

- Amelia Carpenter - Michigan Radio Newsroom

ORIGINAL POST: 12:21 p.m.

Details on a public-private grant program aimed at helping small to medium sized businesses in Michigan will be announced during a press call at 1 p.m. today.

Governor Snyder will discuss the new program along with Karen Mills of the U.S. Small Business Administration, Andrew Liveris, Chairman and CEO of Dow Chemical Company, State Treasurer Andy Dillon, and Kelly Williams of Credit Suisse's Customized Fund Investment Group.

Andrew Dodson of Booth Mid-Michigan reports that Dow Chemical's investment in the program is expected to facilitate investment from the federal and state government:

According to a source close to the information, the program's impact will be "quite substantial." Dow Chemical is expected to provide funds and help facilitate bringing federal and state funds to bear upon local markets."It's meant for businesses who need financing, but can't get loans or financing right now," the source said.InvestMichigan! is a group with a series of funds focused on growing the next generation of Michigan companies, according to its website, and is one of the partners involved in today's announcement. It's federal counterpart, ImpactAmerica, is also involved.

Amelia Carpenter in the Michigan Radio Newsroom will be on the call and will have more for us later.

State and federal officials are expected to announce that Michigan will be the first place eligible for loans to small businesses investing in clean energy or located in economically distressed areas.

U.S. Small Business Administration head Karen Mills, Michigan Gov. Rick Snyder, Dow Chemical Co. chief Andrew Liveris and others are scheduled to announce the impact investment program in a Tuesday afternoon conference call.

The initiative will work with private institutional investors to help identify and provide money to private equity fund managers who invest in targeted companies. Federal funds also will be offered to small businesses that get a share of the private investments.

The program is part of President Barack Obama's Start-Up American initiative aimed at spurring high-growth entrepreneurship and the creation of more jobs.

Pages