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April 7: Economic Development Partners Sign Collaborative Business Attraction Agreement with Chamber

Economic Development Partners Sign Collaborative Business Attraction Agreement with Chamber

Last week, the Detroit Regional Chamber and 11 economic development organizations representing Southeast Michigan signed a protocol agreement to continue to collaborate on business attraction efforts designed to bring increased national and foreign investment to the region. The signing took place at the Chamber during the Chamber’s annual economic development report to investors.

In signing the protocol, the regional partners recognized that collaborative messaging and coordinated outreach adds value and impact to business attraction efforts. The partners agreed to continue to work collaboratively with the Chamber’s Business Attraction staff and with each other. Over the past several years, there has been increased collaboration between the partners on trade missions and in hosting site selectors and foreign delegations.

The regional partners that signed the protocol include: Ann Arbor SPARK, Detroit Economic Growth Corp., Economic Development Alliance of St. Clair County, Flint and Genesee Chamber of Commerce, Lapeer Development Corp., Lenawee Economic Development Corp., Macomb County Department of Planning and Economic Development, Monroe County Business Development Corp., Oakland County Department of Economic Development and Community Affairs, Shiawassee Economic Development Partnership and Wayne County Economic Development.

Chamber Delivers Report on Economic Development Achievements to Investors

The Detroit Regional Chamber Foundation recently held its inaugural investors meeting to share an economic development report highlighting the results of the Foundation’s economic development initiatives over the past 18 months.

Among the findings, the report reveals that more than $130 million in new investment and more than 700 jobs have been created in the region as a result of business attraction partnerships. Click here to read the full report.

Speakers at the event included Gerard Anderson, chairman and CEO of DTE Energy; Charles “Chip” McClure, managing partner of Michigan Capital Partners; and Nancy Schlichting, CEO of Henry Ford Health System. All three speakers serve as co-chairs of the Foundation’s Economic Development CEO Advisory Board, which provides guidance for the Foundation’s economic development strategy. The speakers emphasized the need to work collaboratively and market Southeast Michigan’s assets with one unified voice.

Supercharge Your Social Media Strategy at Maverick Marketing Monday, April 13

Join Small Business: Unlocked for Maverick Marketing Monday on April 13 from 11:30 a.m. to 1 p.m. at SS Digital Media in Troy to learn how to supercharge your social media online marketing strategy. Participants will hear from Chad Wiebesick, director of social media and interactive marketing at the Michigan Economic Development Corporation (MEDC), who will explore the ins and outs of the Pure Michigan campaign. Wiebesick will share social media tips, tricks and best practices from the award-winning campaign that can be used by small businesses to save time, grow followers and refine your social media efforts.

Wiebesick is a founding board member of the Social Media Association of Michigan and serves as the executive in residence at Eastern Michigan University’s Center for Digital Engagement. Click here to register for this event.

PowerMoves@Detroit Competition to Promote Minority-Owned Companies

The Detroit Economic Growth Corp. (DEGC) and Invest Detroit will host the first PowerMoves@Detroit Competition, a three-day competitive event April 13-15 sponsored by Morgan Stanley to support minority-owned companies seeking venture-backed funding. The event will feature local and nationally recruited minority entrepreneurs competing in public, venture capital-style pitch events, vying for $120,000 in prizes and a chance to raise their visibility to other investors.

The event will also include training sessions and a public forum featuring Lisa Price, founder of Carol’s Daughter, and Robin Richards, founder of CareerArc and Internships.com. Click here for more information or to register.

Deadline Approaching for Small Business Administration Loan Program Applicants

The U.S. Small Business Administration’s Michigan District Office is now accepting applications for its free Getting to Yes! program. The two-week program offers small business owners tools to complete a loan package and submit it to a variety of lenders. Participants will learn how to develop a business plan, conduct market research, develop financial projections, and assemble the critical elements of a loan package.

Training sessions will focus on commercial credit, SBA loan products, and how best to present a loan request to a lender. Participants will also have the opportunity to practice pitching their loan request to a mock loan committee and receive critical feedback designed to improve their chances for loan approval. At the end of the program, participants will meet privately with a variety of lenders and present their loan proposal.

Participants should have two years of successful business operations and be willing to commit to the entire program, during which they will complete a business plan with detailed financial projections. The program runs May 6-24. Those interested should complete the client profile and submit to Catherine Gase by April 22. Application information and program details are available at www.sba.gov/mi.