Macomb-OU INCubator’s Capital Raise Meetups: Let Mac-OU INC show you the money!

The Macomb-Oakland University INCubator (Mac-OU INC) recognizes that one of the largest needs of entrepreneurs is capital, so we created Capital Raise Meetup seminars to steer these small-business owners in the right direction. After three consecutive years, Mac-OU INC’s Capital Raise Meetups are still in high demand.

Mike Brennan, Mac-OU INC’s capital strategist, covers the various capital sources in Michigan and discusses how to properly position a company to be qualified for private funding, including private equity, the angel network and venture capital, and/or public funding, including grants, pre-seed, micro-loans and venture match.

Brennan is an accomplished executive and entrepreneur with 26 years of experience in both growth and startup organizations. He has founded five companies, raised $12 million privately for one and cumulatively employed more than 200 people in Michigan.

An example of these funding sources includes the Business Accelerator Fund (BAF), which is available solely through the state of Michigan’s SmartZones. Mac-OU INC is the top SmartZone, out of 18 total, for garnering the most BAF dollars to assist client companies.

In total, $579,004 in BAF dollars has been awarded to client companies through Mac-OU INC. These BAF awards are distributed by the Michigan Small Business Development Center through Mac-OU INC to the various accelerator service providers.

Free Capital Raise Meetup sessions are set from 9:30 a.m. to 11 a.m. on Tuesdays, March 1, April 5, May 3, June 7, Sept. 6, Oct. 4 and Nov. 1. After his group presentations, Brennan is available to further assist participating companies in determining individual needs.

Mac-OU INC supports economic development in Southeast Michigan by accelerating high-tech businesses, cultivating academic innovation and encouraging research and development. To help small businesses grow, the incubator creates customized success strategies for startup and emerging companies in the niche industries of defense, homeland security, advanced manufacturing and technology.

The incubator is located in the Velocity building at 6633 Eighteen Mile Road in Sterling Heights. Those interested in attending the lectures are asked to register in advance by contacting me, Joan Carleton, at (586) 884-9324 or macINC@oakland.edu. For more information, visit the incubator website at oakland.edu/macombouinc.

Joan Carleton is the marketing and communications manager for the Macomb-Oakland University INCubator.

 

Macomb-OU INCubator’s Capital Raise Meetups: Let Mac-OU INC show you the money!

The Macomb-Oakland University INCubator (Mac-OU INC) recognizes that one of the largest needs of entrepreneurs is capital, so we created Capital Raise Meetup seminars to steer these small-business owners in the right direction. After three consecutive years, Mac-OU INC’s Capital Raise Meetups are still in high demand.

Mike Brennan, Mac-OU INC’s capital strategist, covers the various capital sources in Michigan and discusses how to properly position a company to be qualified for private funding, including private equity, the angel network and venture capital, and/or public funding, including grants, pre-seed, micro-loans and venture match.

Brennan is an accomplished executive and entrepreneur with 26 years of experience in both growth and startup organizations. He has founded five companies, raised $12 million privately for one and cumulatively employed more than 200 people in Michigan.

An example of these funding sources includes the Business Accelerator Fund (BAF), which is available solely through the state of Michigan’s SmartZones. Mac-OU INC is the top SmartZone, out of 18 total, for garnering the most BAF dollars to assist client companies.

In total, $579,004 in BAF dollars has been awarded to client companies through Mac-OU INC. These BAF awards are distributed by the Michigan Small Business Development Center through Mac-OU INC to the various accelerator service providers.

Free Capital Raise Meetup sessions are set from 9:30 a.m. to 11 a.m. on Tuesdays, March 1, April 5, May 3, June 7, Sept. 6, Oct. 4 and Nov. 1. After his group presentations, Brennan is available to further assist participating companies in determining individual needs.

Mac-OU INC supports economic development in Southeast Michigan by accelerating high-tech businesses, cultivating academic innovation and encouraging research and development. To help small businesses grow, the incubator creates customized success strategies for startup and emerging companies in the niche industries of defense, homeland security, advanced manufacturing and technology.

The incubator is located in the Velocity building at 6633 Eighteen Mile Road in Sterling Heights. Those interested in attending the lectures are asked to register in advance by contacting me, Joan Carleton, at (586) 884-9324 or macINC@oakland.edu. For more information, visit the incubator website at oakland.edu/macombouinc.

Joan Carleton is the marketing and communications manager for the Macomb-Oakland University INCubator.

 

Macomb County growing and cultivating talent

Macomb County has been swimming against the tide of a statewide trend since 2000. Michigan’s loss has been Macomb’s gain.

Flash back to 2000. Macomb County’s population was 788,149. Fast forward 16 years to present day, and it currently sits at 865,570. A growth of 77,421 people (+9.8%) may not seem notable, but this occurred during a time when Michigan was losing population. In 2000, Michigan stood at 9,938,444 residents. Today that number has dwindled to 9,883,640, a drop of 54,804 people (-0.6%) which, without Macomb County, would have been a 132,225 drop. For perspective, that would be a bigger loss than losing every resident in the entire city of Lansing or Ann Arbor.

Most recently, Macomb County is growing at a pace of about 19 people per day. Given that the average household size in the county is 2.50 people, you could leave town for a three-day weekend on a Friday and come home on a Sunday to 23 new and occupied single family homes on your street. Imagine that kind of growth for the past 16 years and suddenly Hall Road makes sense.

Why is Macomb County different?

Given such a large sample size of time and population changes, Macomb County bucking the state’s trend signifies something stronger than chance. Residents are finding something in Macomb that they aren’t finding elsewhere across Michigan. A key area to look could be Macomb’s strong economy, deep pool of talent and high quality of life.

Macomb County’s workforce is becoming better educated. From 2000-2010, the number of those with associate’s degrees climbed by 1.2%,  bachelor’s degrees increased by 2.3%, graduate and professional degrees increased 1.9%, while those who did not graduate high school dropped by 4.6%.

Our workforce is gaining young professionals. From 2000-2010, those aged 10-24 accounted for 15,431 (20%) of Macomb County’s population growth. Six years later now in 2016, this age group is beginning their careers in the county.

Macomb County is affordable. The average price of a home in Macomb County is $139,500, compared to $199,600 in Oakland County. When factoring in median household income –- $53,870 in Macomb County (which is 12% higher than that of Michigan ($48,308)) – and $65,637 in Oakland shows that the cost of a home in Macomb County is 2.58 times the average annual income compared to 3.04 times in Oakland County. This doesn’t even account for property tax rates, which are much lower in Macomb.

On top of this, Macomb County is desirable. With 31 miles of coastline along Lake St. Clair, roughly 30 golf courses, orchards, blue ribbon schools and abundant retail, many are pleased to call Macomb their home.  Building permits hit a rock bottom of 346 in 2009 but have since averaged 1,835 per year from 2013-2015. The number of permits for multi-family housing was the highest in 2015 it has been since the new millennium (669).

What’s driving this growth? A thirst for talent.

Macomb County is experiencing job growth in a number of high paying fields.

Largest growth by total jobs:

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Top 10 growth by highest wage:

Chart2.png

Most current openings:

Chart3.png

What does this mean for the future?

While the county’s auto rebound has been profound, the demand for services has been equally as impactful. Hall Road and Gratiot are bursting with new retail. Lakeside Mall has anchored Hall since the 1970s, but Partridge Creek opened within the last decade and Macomb Mall has undergone 8-figures worth of enhancements. A new premium outlet mall is planned at Hall Road and I-94 to attract shoppers not just within the county, but from all across the region. Coupled with a new independent league baseball stadium and a revamped Freedom Hill, Macomb County is becoming a regional destination.

These major investments are enhancing the quality of life within the community and encouraging local upgrades. Kroger has opened new mega stores, bringing in celebrities and offering perks such as personal shopping. Emagine Theatres chose Macomb for a new state-of-the-art multiplex. New breweries and restaurants are opening up all across the county, bringing with them career opportunities, a higher quality of life and a stronger quality of place.

These are exciting times for Macomb County.

Posavetz, Nick IMG_0221Nick Posavetz is a Senior Planner for Macomb County, often providing content for the Macomb Business & Make Macomb Your Home websites and associated social media accounts. If you have something you’d like to feature, reach out to him at posavetz@macombgov.org.

Business and recreational opportunities on display at the Detroit Boat Show

As a recent transplant to Southeast Michigan, I never fully appreciated the number of marinas, boats, businesses, and recreational opportunities along Lake St. Clair in Macomb County. This past September, I attended the Boating and Outdoor Festival at the Lake St. Clair Metropark and gained a real appreciation for the region’s boating culture.

The boating industry is huge in Michigan. According to the Michigan Boating Industries Association, Michigan is the third largest marine market in the country, following Florida and Texas. Boasting an economic impact of $762.4 million in new boats, motors, trailers, and accessories in 2014, Michigan continues to outpace the national average.

UntitledI am pretty sure the sales reps at the Boating and Outdoor Festival didn’t anticipate a windfall kind of day when they saw me checking out the state-of-the-art fishing and powerboats, cabin cruisers, and personal watercraft, but I did have to talk myself down a few times while looking at the latest kayaks and smaller sailing craft.

After attending the festival, I am really excited to see what the Detroit Boat Show at Cobo Center has to offer, including all of the different exhibitors showcasing the latest navigation and communication equipment, docking systems, boats, apparel, and other opportunities such as charter trips and fishing on Lake St. Clair. I think my daughter will really enjoy some of the great activities planned, especially meeting a mermaid and watching the alligator wrangling!

This show will be a welcomed taste of summer on a February day. And I am sure with all the boats, fun, and water, there is bound to be a great tiki bar!

Geurink, Brent IMG_0018Brent Geurink is an associate planner for the Macomb County Department of Planning & Economic Development’s Land and Water Resources Group.

Macomb County anticipates the Detroit Boat Show

I am excited to attend the Detroit Boat Show at Cobo Center this year as it is the best way to THINK SPRING! The Detroit Boat Show is among the biggest and best that you’ll find anywhere, and it is representative of the huge recreational boating community we have here in Southeast Michigan and Macomb County.

The Detroit Boat Show is more than huge yachts, fishing boats or nifty new watercraft, it also has hundreds of vendors that show off their wares and give out prizes. My sister and her family came along with me and my family last year, and we made a whole late afternoon and evening of it! I recommend parking near Greektown, take the People Mover over to Cobo and see the whole floor (if possible), then hit PizzaPapalis on the way out.

Last year, they had water-skiers who did tricks right inside a long, flat pool inside Cobo Center. The kids weren’t the only ones who got in the human-sized bubbles on another pool, I had to try it too! Kid Rock also had his vintage-like wood boat on display at the WCSX radio booth display; it was definitely worth seeing the craftsmanship that went into that retro boat.

I’m looking forward to the many different types of boats that will be on display and also am interested in the personal watercraft section this year, as that could provide lots of great family time this summer if we can find a great deal. Every year, the boat show changes quite a bit and never seems like the same show.

While you are there, make sure you stop at the Lake St. Clair Tourism booth and get your new edition of the “Top 99 Destinations Around Lake St. Clair Map.”  It is also very neat to see what other venues have been added to the map!

See you there!

detroit-boat-show-logo

Hours
Saturdays 11 a.m. to 9 p.m.
Sundays – Mondays 11 a.m. to 6 p.m.
Tuesday – Friday 3 p.m. to 9 p.m.

Santoro, Gerry IMG_0004

Gerry Santoro is the program manager for the Macomb County Department of Planning & Economic Development’s Land and Water Resources Group.

Retaining Macomb County businesses one cup of coffee at a time

I recently tagged along on a retention meeting Senior Economic Development Specialist Jack Johns scheduled with Minha’s Coffee Haus, a new business in Mount Clemens. It is called a retention meeting because one of the Macomb County Department of Planning & Economic Development’s objectives is to retain existing businesses in the county by connecting them with services and resources that will help them grow and succeed.

Johns, known as the food czar to some due to his extensive work with agricultural and food-processing companies, wanted to check in with Minha’s Coffee Haus to see how he may be able to assist with any needs they may have. Of course, he also wanted to get his hot chocolate fix for the day.

We met with Sora Childress and learned about the business. They are renting a 1,200-square-foot space in the heart of Mount Clemens at 58 Cherry Street. They serve coffee, caramel macchiato, Mexican hot chocolate, espresso, cappuccino, chai lattes, water and pop as well as a rotation of baked items. They had a soft opening on Monday, Dec. 28 and have already met with officials from the city of Mount Clemens, the Downtown Development Authority and other small businesses nearby.

After learning more about Minha’s Coffee Haus, Johns was able to determine a list of needs. They are considering expanding their baked goods selection, so Johns was able to connect her with other Macomb County small businesses that make and package baked goods. He also offered marketing ideas ranging from signage to business cards.

Johns was also able to provide her with information about where to acquire affordable commercial machinery, a list of local packaging suppliers, information about free internship programs and a food-safe cleaning supplies contact.

At the end of the meeting, Johns promised to follow up with additional information and check back in. He also offered his assistance for any future issues that may occur.

If you are a Macomb County business and would like to know more about the services our department offers, contact us at (586) 469-5285 or visit our website at MacombBusiness.com.

Click here to read more about Minha’s Coffee Haus on the Make Macomb Your Home Blog.

Caitlin Gerds-Habermas is an associate planner in Business Outreach and Communications for the Macomb County Department of Planning & Economic Development.

What awaits at the Macomb Business Awards

MBA 2016 Purchase Tickets - carousel 980x410.jpgWith only a few days left to purchase tickets, anticipation is building for the Macomb Business Awards. Fifty-one Macomb County businesses have been nominated in six categories, and on Tuesday, Feb. 9, we will find out the winners.

In its fourth year, the Macomb Business Awards continues to evolve and offer something new. This year, it will be held at the Fern Hill Golf Club. This facility features a beautiful banquet hall to accommodate wedding receptions and social events, Floodz Sports Bar, a 12-lane bowling alley and a pleasant 18-hole golf course. They also offer a full menu, so the attendees can look forward to a delicious breakfast spread.

The event will be emceed by Fox 2 Detroit’s Huel Perkins. Macomb County Executive Mark A. Hackel will present the awards. This year’s keynote will be delivered by Kim Yost, CEO of Art Van Furniture. Headquartered in Warren, Art Van Furniture is the Midwest’s largest furniture retailer – which is a big deal! Art Van Furniture is involved in the community in many ways and often participates in philanthropic activities. During his address, Yost will discuss the 68 Day Challenge, an inspirational philosophy meant to spur individuals and businesses to achieve their goals.

Guests can also look forward to the many new businesses nominated this year. Although only a few will receive awards, all 51 will be featured in the program book. Despite being in competition with each other to receive an award, this is actually a great opportunity for businesses to network with one another and share best practices.

This year, there are many unique nominations spanning diverse industry sectors. For example, Bruce Township-based Custom Biogenic Systems, Inc. manufactures products for cryogenic freezing. Warren-based College Park Industries, Inc. is a prosthetics manufacturer whose product line includes a high-impact foot worn by Paralympic athletes. Roseville-based I.F. Metalworks supplies products ranging from industrial tools to architectural and ornamental metalwork. Shelby Township-based Motorcity Malt House is a micro-malter that provides malted barley and other grains to Michigan microbrewers and craft distillers.

These are just some of the very interesting companies thriving in Macomb County. Visit MacombBusiness.com to view the rest of the nominees, and buy your ticket to the Macomb Business Awards to learn more about all of these outstanding companies.

This event is sponsored by Henry Ford Macomb Hospitals, the Michigan Economic Development Corporation, Advancing Macomb, Automation Alley, First State Bank and many other supporters.

Gerds- Katlyn IMG_0004 LOW_RESCaitlin Gerds-Habermas is an associate planner in Business Outreach and Communications for the Macomb County Department of Planning & Economic Development.