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Momentum for the Grow Mid-Mo program is increasing. Investors, entrepreneurs and local leaders met to hear from the Grow Mid-Mo leadership team about details of the program and comming events. The big announcement was the February 26th startFEST. At this event several entrepreneurs who have gone through the program will be presenting their business ideas to potential investors. Now is the time to get involved. If you want more information regarding the program please visit www.growmidmo.com.
If you are starting a new business, this process can be the difference between success and failure. The program provides: 1. Video business development resources 2. Step by step proven processes for success 3. Connection with business mentors and coaches 4. Connections with potential investors who know that your business has been scrutinized and tested
We are looking for entrepreneurs, investors, business coaches, and sponsors to move this process forward. The program is open to all individuals in the MAEDC region, and those outside of the region looking to invest in our area. For more info on how to join visit www.growmidmo.com. To sponsor an event click here.
MAEDC is a sponsor of the Grow Mid-Mo initiative. Our goal is to see new small business start all across the MAEDC region. Why are we committed to small business growth and not just large business growth. Take a look at this data from the US Small Business Administration:
How important are small businesses to the U.S. economy? Small firms: • Represent 99.7 percent of all employer firms. • Employ half of all private sector employees. • Pay 44 percent of total U.S. private payroll. • Generated 65 percent of net new jobs over the past 17 years. • Create more than half of the nonfarm private GDP. • Hire 43 percent of high tech workers ( scientists, engineers, computer programmers, and others). • Are 52 percent home-based and 2 percent franchises. • Made up 97.5 percent of all identified exporters and produced 31 percent of export value in FY 2008. • Produce 13 times more patents per employee than large patenting firms.
Source: U.S. Dept. of Commerce, Census Bureau and Intl. Trade Admin.; Advocacy-funded research by Kathryn Kobe, 2007 (www.sba.gov/advo/research/rs299.pdf) and CHI Research, 2003 (www.sba.gov/advo/research/rs225.pdf);U.S. Dept. of Labor, Bureau of Labor Statistics.