Fifteen small business owners, entrepreneurs, and non-profit organizations in Southern and Eastern Kentucky were recognized for their successful business accomplishments and helping grow the region’s economy at the 2012 Excellence in Entrepreneurship Awards (EIEA) program. The regional awards program, held Sept. 10 at The Center for Rural Development in Somerset, honored the top three finalists in each of the five EIEA business award categories for exemplifying the nimble and creative spirit of entrepreneurship. The EIEA program—honoring excellence since 2001—is sponsored by Eastern Kentucky University’s College of Business and Technology, Kentucky Highlands Investment Corporation, Southeast Kentucky Economic Development Corporation (SKED), and The Center. “Entrepreneurs are the backbone of America, engineering ideas that create jobs, stabilize the economy, and expand community industries,” U.S. Congressman Harold “Hal” Rogers (KY-05) said in a special videotaped message to this year’s EIEA winners and finalists played at the luncheon. “Southern and Eastern Kentucky communities depend on entrepreneurs as a key component in enhancing economic development opportunities and providing families with good paying jobs and reliable benefits.” The 2012 EIEA award winners and finalists in their respective business categories include: For-Profit Business EIEA Award Recipient Masato Sugimura, Lincoln Manufacturing USA, LLC, Stanford, Ky. Finalists: Anthony and Julie Roberts, Servpro of Pulaski and Laurel Counties, London, Ky.; and Bob and Tom Hutchison, McDonald’s of East Kentucky, Paintsville, Ky. For-Profit Small Business EIEA Award Recipients Jeff Parmelee PT and Terry Randall PT, Total Rehab Center, Somerset, Ky. Finalists: Shane Baker, CEO, Co-Owner, and Dr. Patrick Heist, CSO, Co-Owner, Ferm Solutions, Inc., Danville, Ky.; and Sarah Culbreth and Jeff Enge, Owners and Potters, Tater Knob Pottery, Berea, Ky. Start-Up Business EIEA Award Recipients Scott Maddux and Shane Richmond, Wildcat Harley-Davidson, London, Ky. Finalists: Nick Noble and Nate Noble, Park Mammoth Resort, Park City, Ky.; and Troy Lay, Daniel Tolson, and Michael Carpenter, Owners, Alternative Energies Kentucky, LLC, Danville, Ky. Not-for-Profit Entity EIEA Award Recipient Grace Community Health Center, Gray, Ky. Finalists: Bobby W. Grant, President and C.V.O., Twin Lakes Family Wellness Center, Albany, Ky.; and Jeff Rubin, Executive Director, and Jerry K. Palmer, PhD., Board Secretary, Body Recall Inc., Berea, Ky. Young Entrepreneur EIEA Award Recipient Hong R. Zhang Durandal, Owner, and Peter H. Hackbert, Mentor, Energy Hunters LLC, Berea, Ky. Finalists: Jared Sizemore, Owner, Juggling Jared, Pineville, Ky.; and Todd Duff, Owner, LowGap Outfitters, LLC, Hindman, Ky. “Despite the uncertainty of the economy, this year’s award recipients, representing a range of industry sectors, demonstrate the entrepreneurial spirit in the region is alive and well,” said Stephen Taylor, EIEA committee chairman and development director for Kentucky Highlands Investment Corporation. EIEA nominations are accepted from within a 55-county region of Southern and Eastern Kentucky. Nominees are judged on the economic success of the enterprise, contributions to the community, job creation, and operational achievement as measured by innovative business practices, superior safety achievement, and superior technology. Contributing partners for the 2012 EIEA luncheon and regional awards program were A T & T, Forcht Bank, and Forcht Group of Kentucky, Gold Sponsors; Outdoor Venture Corporation, Silver Sponsor; Innovation and Commercialization Centers, Schafer’s Catering, and Somerset-Pulaski County Chamber of Commerce, Bronze Sponsors; and Appalachian Development Alliance, Citizens Guaranty Bank, Eastern Kentucky University Masters of Business Administration (MBA) Program, Five Talents Financial Group, Richmond Chamber of Commerce, and Rockcastle County Chamber of Commerce, Friends Level Sponsors.
SOMERSET, Ky. – Southeast Kentucky Economic Development Corporation (SKED) is launching a nationally recognized entrepreneurial and small business training program that will benefit hundreds of residents across its service area in the coming months. Pat Bradley, SKED small business training specialist, and Tamara Clontz, an independent consultant and member of B2B CFO Partners LLC, completed instructors training held in Atlanta, Ga. in late November. With this training, they join the ranks of more than 200 trainers from over 80 organizations across the country that have been trained in presenting the Core Four® Business Planning Course. “Entrepreneurial SMARTS: Simple Methods And Reality-based Training for Success” sessions are being scheduled in 10 communities from Pikeville to Greensburg and from Morehead to Middlesboro over the next 14 to16 months. Bradley and Clontz will share the skills and information they acquired as a result of their recent training with participants in the training. In addition, they’ll convey the first-hand knowledge they gained from years of extensive experience in small business management in the classroom. At these training sessions, entrepreneurs and small business owners will be instructed in basic knowledge about starting, financing and operating a business and planning for success. Class participants will also be given the tools needed to determine if business ownership is for them. If these entrepreneurs go on to start their own business, this training will give them a tremendous advantage by giving them access to the skill sets needed to properly get their business off the ground and running smoothly. Existing small business owners will get the support they need to advance the growth of their business and operate a solid, reliable investment. Upon successful completion of this training, participants will receive a certificate recognizing their achievements and will be eligible to apply for business startup or expansion funding from SKED’s loan funds. This nationally recognized course is valued at $250 per student. However, due to financial support through a grant from the Appalachian Regional Commission (ARC) combined with financial support from SKED, participants will pay a mere $25 charge per person. More information on the scheduled class sites, dates and registration can be found on SKED’s website at www.southeastkentucky.com after Jan.1, 2012. SKED has been providing support for new business development and small business expansion throughout Southeast Kentucky for some 15 years. This new entrepreneurial and small business training program, will supplement SKED’s work to develop successful and sustainable small business ownership in Southeast Kentucky. “If only I had had access to this kind of training before I started my first business venture.” said Bradley. “This is an incredible opportunity for anyone who has ever considered starting a business of any kind, or for new or existing small business owners who want to improve their operations and profitability – and what business owner doesn’t want that?” SKED Executive Director Greg Jones says this new entrepreneurial training program is a natural progression for SKED and its mission of job creation and building a better economic future for the residents of Southeast Kentucky. “Giving entrepreneurs and small business owners the tools they need to build and grow their dreams on a solid foundation will benefit not only them, but their future employees, customers and the communities in which they’re located,” Jones said. “We believe this training will prepare small business owners to create and sustain a better way of life for themselves and the region as a whole.” SKED was formed 25 years ago by Fifth District Congressman Hal Rogers to create jobs in Southeast Kentucky. The economic development organization, based in Somerset, serves a 42-county region in Southeast Kentucky. Staff works with business owners, small and large, throughout its service area to identify financing solutions to fund their location, expansion and working capital needs. For more information about SKED’s services, contact Jones at (606) 677-6102 or email@example.com. For information about entrepreneurship training, contact Bradley by phone at (606) 335-1488 or by email at firstname.lastname@example.org. You may visit: www.southeastkentucky.com for more information about SKED’s services and about Entrepreneurial SMARTS.
The annual Washington Technology listing of the nation’s top government information technology (IT) contractors has been released. As in the past, the listing is heavy with household names like Lockheed Martin, Boeing, and Northrop Grumman, this year’s top three firms. The latest listing includes an interesting retrospective comparing this year’s list to the first in 1994. At that time, the top three players were AT&T, EDS/Hughes, and Unisys. Many of 1994’s top performers opted to leave the business, or were swallowed in various merger deals over the past decade. Not surprisingly, few small businesses make the rankings. Only six small firms make the top 100, with Alaska’s Arctic Slope Regional Corporation coming in at the 35th spot with 2007 contracts valued at nearly $610 million. Like the brethren in biotech, government IT contractors also face an uncertain near-term future, with expected cuts in defense budgets and the prospects of a new President and Congress in 2009. The Top 100 Federal Information Technology Contractors listing appears in the May 12, 2008 issue of Washington Technology. Provided by: National Dialogue on Entrepreneurship
It’s been a tough year for the suburbs. First, the housing bubble burst, and now, gas prices are shooting through the roof. A new white paper from CEOs for Cities predicts that things aren’t likely to get much better. The study, by Joe Cortright, suggests that the “new calculus of higher gas prices may have permanently reshaped urban housing markets.” Because of high transportation costs, Americans may have to abandon sprawling developments and move into housing closer to their jobs and major urban areas. This shift will help further promote the revitalization of urban areas, and also create new economic opportunities for regions with strong urban cores and desirable urban amenities. Download the May 2008 CEOs for Cities White Paper, “Driven to the Brink: How the Gas Price Spike Popped the Housing Bubble and Devalued the Suburbs,” by Joe Cortright. Provided by: National Dialogue on Entrepreneurship
Government agencies need to embrace new models of innovation, according to a new report sponsored by the IBM Center for the Business of Government. The study presents a review of new innovation models—dubbed network-based collaborative innovation—that have been pioneered by leading firms such as Procter & Gamble, 3M, and others. This approach links organizations to outside networks (such as customers or other partners) with the purpose of generating a broader and more diverse set of ideas and possible solutions. In the process, the speed of innovation is increased. Many thorny public policy issues, including areas like environmental conservation and disaster response, could benefit from this model. Yet, government agencies are presently not well suited to this approach, which places a high premium on openness and a commitment to close collaboration. The report provides a series of detailed recommendations for internal reforms that will help create the appropriate organizational culture and structures within government agencies. Download the 2008 IBM Center for the Business of Government-sponsored report,Transforming Government through Collaborative Innovation, by Satish Nambisan. Provided by: National Dialogue on Entrepreneurship