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Veteran Turns to Entrepreneurship as Retirement Approaches

April 3, 2017
Success Story: Vermont

Veteran turns to entrepreneurshipAs our nation’s military fighting men and women finish their tours overseas or approach retirement from a career defending our country, many are now turning to entrepreneurship as a way to bridge the gap to full-fledged retirement. Kristine and Chad Jenkins, owners of Georgia Self Storage LLC in Georgia, Vermont are a fine example.

Chad recently began approaching his retirement from the military after many years in uniform, and knew he was ready for a new challenge. The recently opened rental storage facility located not far from Interstate 89 Exit 18 at 198 Morse Drive was the answer.

“We are veteran-owned, and family-run,” Chad said. We provide safe and secure storage options. We have 24-hour gated access and many different sized units,” he said.

But before he could get the storage facility up and running, Chad knew he needed some assistance and began researching online for what resources are available to Vermont entrepreneurs. He soon came across Vermont Small Business Development Center (VtSBDC) Area Advisor Steve Densham.  (more…)

SBDCs Recognized in the United State Senate on SBDC Day

March 24, 2017

Statement in the Congressional Record
By Senators Jim Risch and Jeanne Shaheen
Chairman and Ranking Member
U.S. Senate Committe on Small Business & Entrepreneurship

Mr. RISCH. Mr. President, on behalf of myself and my colleague Senator Shaheen, I would like to recognize the contributions made to our nation and its small businesses by the good work of America’s Small Business Development Centers (SBDCs). As Chairman and Ranking Member of the Senate Committee on Small Business and Entrepreneurship, Ranking Member Shaheen and I understand the impact that boosting small businesses makes, with 99.7 percent of all firms across America being small businesses and their employees making up 48 percent of the total workforce.

America’s SBDCs provide small businesses across the country with high-quality, low- or no-cost consulting, and a variety of educational programs. These centers operate in all 50 States to support an established network of small businesses while encouraging new entrepreneurs to develop and execute their unique vision, helping innovators get their own small businesses up and running. (more…)

A Father’s Invention and the Idaho SBDC Grow Healthier Crops

March 20, 2017

Blake Isaacs moved back to Idaho to help his father, Garry, grow his business based on an invention he patented nearly a decade ago. The humigator is a tool used for industrial air cleaning, but Garry’s breakthrough came when he realized its value in agriculture – particularly potato storage.

Isaacs Humigation

The humigator allows air to stay clean and potatoes moist, resulting in less plant disease, and since potatoes are sold by weight, supporting a higher sale price. Since its beginning in 2013, Isaacs Humigation Technology (IHT) has more than doubled its sales each year, with humigators now sold in seven states and Canada. (more…)

Turning Shipping Containers Into Restaurants

March 13, 2017
Shipping Container RestaurantSuccess Story: Long Beach, California

SteelCraft was born from developers Kimberly Gros and Martin Howard’s idea to re-purpose shipping containers from the Ports of Long Beach and Los Angeles as counter-service restaurant locations for local artisan food vendors. After more than two years in planning and development, SteelCraft has attracted eight businesses, which have generated more than 60 jobs in the Bixby Knolls area of Long Beach.

When Long Beach resident Kim Gros first visited the SBDC in 2014, she envisioned re-purposing a shipping container as a counter-service ice cream shop downtown. However, after reviewing projections with the SBDC, which included multiple vendors in one space as opposed to a single vendor, she quickly began to dream bigger.

Impact“The SBDC was a huge part of this success. They kept us dreaming,” said Gros. She re-imagined her vision to include several re-purposed containers that would convene the community through craft food and drinks. The SBDC then helped Kim with her financial projections, her lease agreements for her eight vendors, and assisted her in obtaining a loan for the project.

In addition, the SBDC consultants introduced her to several public officials who offered support and guidance along the way. “Kim had a winning attitude from the start. With a little guidance, she hit the ground running and didn’t stop. SteelCraft is a unique addition to the Bixby Knolls community and is sure to stimulate economic impact now and in years to come,” said Mike Daniel, Regional Director of the Orange County Inland Empire SBDC Network, who consulted Gros.  (more…)

Missouri Business Expands International Sales with Help from the Missouri SBTDC ITC

March 9, 2017
Dr. SolomonSuccess Story: Missouri

BeWell Health, maker of Dr. Hana’s Nasopure Nasal Wash, wanted to expand export sales and add to its international distributor network. So Missouri SBTDC international trade specialists Sandra Marin, Jackie Rasmussen and others helped develop a comprehensive export plan, provided guidelines for distributor agreements, offered advice on export documentation requirements, and made referrals to experts in intellectual property protection and payment.

In December, 2016, the SBTDC’s International Trade Center (ITC) director Larry Dill and international trade specialists Aldis Jakubovskis, Rasmussen, Luis Ortiz and Pablo Arroyo and three Missouri University international business student interns completed additional market research for Nasopure.

The interns and staff reviewed global trade data and economic and industry indicators to identify five promising markets in Asia, North America, Africa and Europe. This dedicated team then researched each country’s business environment, industry trends and regulatory requirements. They also provided the firm with lists of potential customers and distributors in each country.

As a direct result, from 2015-16 the firm experienced:

• Overall sales increase of 40 percent
• Export sales increase of 55 percent
• Increase in employment of 30 percent  (more…)