Helping Small Businesses Empower, Innovate, and Succeed Across TennesseeTENNESSEE SMALL BUSINESS DEVELOPMENT CENTERANNUAL SUMMARYA Partnership of Middle Tennessee State University and the U.S. Small Business Administration Greetings from the GovernorJanuary 19, 2017 Sincerely,Bill HaslamDear Friends:I am pleased to recognize the Tennessee Small Business Development Center (TSBDC) program headquartered at Middle Tennessee State University. This organization continues to contribute to the development and growth of our small and medium-sized businesses. Small businesses in Tennessee represent the majority of businesses in our state and are driving our economic growth.We continue to see positive signs of economic recovery throughout Tennessee. I also recognize the TSBDC’s collaborative efforts within the Tennessee Board of Regents, our institutions of higher education, the business community, volunteers, and the U.S. Small Business Administration.As governor, my priority is making Tennessee the #1 state in the Southeast for high-quality jobs. As a part of my plan to bring these jobs to Tennessee, I am working to improve our education system, manage our budget conservatively, and implement regional economic development strategies that leverage each region’s existing assets.Four years ago, our administration doubled down on our efforts to improve the readiness and quality of Tennessee’s workforce through the Drive to 55 Initiative. The Drive to 55 is a mission to see that 55% of Tennesseans have a postsecondary credential by 2025. The mission is critical given that at least 55% of jobs in Tennessee will require training beyond the high school level in the next decade. Currently, around 33% of Tennesseans hold at least a two-year degree, which ranks Tennessee 42nd when compared to other state’s educational attainment levels. To reach our Drive to 55 goals and prepare Tennesseans for a competitive 21st-century economy, we are working to create a more seamless pathway between high school, postsecondary education and training, and the workforce.The development and growth of the Tennessee businesses pro led in this report exempli es the economic recovery experienced by many small businesses that the TSBDC has assisted over the past year. I congratulate the business owners featured in this report for investing in their businesses and employees.4America’s Small Business Development Center Network• A new job is created in the U.S. by an SBDC client every 5 minutes.• A new business is opened by an SBDC client every 30 minutes.• $100,000 in new sales are generated by SBDC clients every 7.5 minutes.• $100,000 in financing is obtained by SBDC clients every 11.4 minutes.Calculation of Savings in State Unemployment Benefits Offset Through TSBDC Business Development and Job Creation Activities (2008–16)SBDC Economic Impact isClient-Verified14.96weeks10,525jobs created9,501jobs retained(12 Month Moving Average from January 1, 2008 to September 30, 2016)SOURCE: TSBDC CIC (Client Verified Data)Calculation for state dollars saved based upon the following formula: = (Avg. Weeks of Duration) x (Avg. Benefit $ Per Week) x (TSBDC Jobs Created and Retained)SOURCE: TSBDC CIC (Client Verified Data)SOURCE: U.S. Bureau of Labor Statistics, Division of Fiscal and Actuarial ServicesSignificant Assumption: Those holding all jobs created and retained would have otherwise been receiving unemployment benefits.The TSBDC—a Collaboration between Federal, State, and Local Governments and the Private SectorAverage Tennessee Unemployment Claim DurationTSBDC Jobs Created 2008 to 2016TSBDC Jobs Retained 2008 to 2016Money State Unemployment Saved by TSBDC Across Last 35 Quarters$69 Million(12 Month Moving Average from January 1, 2008 to September 30, 2016)SOURCE: U.S. Bureau of Labor Statistics, Division of Fiscal and Actuarial Services$230.19per weekAverage Tennessee Unemployment Benefit“At the MTSU Jones College of Business, our faculty work closely with TSBDC on projects that are designed to train and motivate students to become innovative entrepreneurs. TSBDC also places many of our students in internships, providing them with valuable real-world experience. TSBDC is a big reason why MTSU was recently listed as #17 in a national ranking of the top 50 universities for aspiring entrepreneurs.”Dr. David J. Urban, Dean Jones College of Business5“As a former businessman and mayor, I have experienced firsthand how small businesses fuel economic development and create good-paying jobs, and I appreciate the Tennessee Small Business Development Center’s efforts to help local entrepreneurs.”U.S. Senator Bob CorkerSBDC Economic Impact / GreetingsErika A. Fischer Program Manager Office of SBDCs, U.S. Small Business AdministrationBackground in the private sector and the international NGO community. Over 15 years with SBA and seven-plus years with the SBDC Program.Currently oversees a portfolio of 11 states, totaling $16,032,583 in federal grant funding.LaTanya Channel Deputy District DirectorUnited States Small Business Administration (SBA), Tennessee District OfficeLaTanya Channel represents SBA as the Deputy Director of SBA’s Tennessee Office. With a staff based in Nashville, the Tennessee District facilitates loans to small businesses through lending institutions; advocates federal government contracting for all small businesses; and works with local communities in all 95 Tennessee counties on entrepreneurial development and growth opportunities.Small Business Administration Partners6TSBDC Network Advisory Board Members7Jerry BirdFranNet of Alabama & East Tennessee600 Republic Center, 633 Chestnut St.Chattanooga, TN 37450423-591-4860(Mobile) 423-432-4200 jbird@frannet.comGwen DavisDiversity Program Design & Management Consultants Incorporated6717 Christiansted Ln.Nashville, TN 37211(Mobile) 615-504-2244gdavis@simsdiversityconsult.comMichael AikensDirector, Innovation and EntrepreneurshipTennessee Tech University1100 N Peachtree RM 362Cookeville, TN 38501931-372-6383(Mobile) 865-696-2117maikens@tntech.eduDeborah Cole President & CEOCitizens Bank & Trust2013 Jefferson StreetNashville, TN 37208615-327-9787dcole@bankcbn.comRonnie H. MartinSVP, Commercial Relationship ManagerFirst Bank615 Memorial Blvd.Murfreesboro, TN 37129615-890-1111(Mobile) 615-308-1865rmartin@firstbankonline.comAshley McFarland Owner and Nurse Practitioner McFarland Aesthetics Enhancements258 N. Walnut StreetMurfreesboro, TN 37130615-663-0072shaneandashley@comcast.netMary StanfordEx-Officio MemberTSBDC Associate State Director3050 Medical Center ParkwayMurfreesboro, TN 37129615-849-9999mstanford@tsbdc.orgPatrick R. GehoEx-Officio MemberTSBDC State Executive Director3050 Medical Center ParkwayMurfreesboro, TN 37129615-849-9999pgeho@tsbdc.orgSBA Partners / Advisory BoardLead Center Tennessee Small Business Development Centers—Murfreesboro 3050 Medical Center Parkway, Ste. 204 877-898-3900 Patrick Geho, Director pgeho@tsbdc.orgMary Stanford, Associate State Director mstanford@tsbdc.orgChattanooga Chattanooga State Community College—ChSCC 100 Cherokee Blvd., Ste. 202 423-756-8668 Lynn Chesnutt, Director lchesnutt@tsbdc.orgClarksville Austin Peay State University—APSU 601 College Street, McReynolds Building, Office 111 931-221-1370 Feleesha Johnson, Director fjohnson@tsbdc.orgCleveland Cleveland State Community College—CLSCC 3535 Adkisson Drive 423-614-8707 David Hudson, Director dhudson@tsbdc.orgColumbia Maury County Alliance 106 West Sixth Street 931-388-2155 Christopher Swoner, Director cswoner@tsbdc.org Cookeville Tennessee Technological University—TTU 10 West Broad Street Ste. 300 931-372-3648 Jen Dangelo, Director jdangelo@tsbdc.org Dyersburg Dyersburg State Community College—DSCC 1510 Lake Road 731-286-3201 Maleia Evans, Director mevans@tsbdc.orgGallatin Volunteer State Community College—VSCC 1480 Nashville Pike, 300 Building, Office 103C 615-230-4780 Charles Alexander, Director calexander@tsbdc.orgJackson Jackson State Community College—JSCC 197 Auditorium Street 731-424-5389 Ron Acree, Director racree@tsbdc.orgJohnson City East Tennessee State University—ETSU 2109 West Market Street 423-439-8505 Bob Justice, Director bjustice@tsbdc.org Kingsport East Tennessee State University— Kingsport Office of Small Business Development and Entrepreneurship (KOSBE) 400 Clinchfield Street, Ste. 100 423-392-8825 Aundrea Wilcox, Director awilcox@tsbdc.org Knoxville Pellissippi State Community College—PSCC 17 Market Square, #201 865-246-2663 Bruce Hayes, Director bhayes@tsbdc.orgMartin University of Tennessee–Martin, REED Center—UTM 406 S. Lindell Street 731-587-7333 Landy Fuqua, Director lfuqua@tsbdc.orgMemphis Southwest Tennessee Community College— SWTCC Maxine A. Smith Center 8800 East Shelby Drive 901-333-5085 Rory Thomas, Director rthomas@tsbdc.orgMurfreesboro Middle Tennessee State University— MTSU 3050 Medical Center Parkway, Ste. 200 615-898-2745 Christopher Swoner, Director cswoner@tsbdc.orgNashville Tennessee State University—TSU 330 10th Avenue North, Ste. G-400 615-963-7158 John Ordung, Director jordung@tsbdc.orgOak Ridge Roane State Community College—RSCC 1400 Oak Ridge Turnpike 865-483-2668 Jutta Bangs, Director jbangs@tsbdc.org8TSBDC Service CentersTSBDC: Serving Tennessee Businesses Since 19849Offering services in every region of TennesseeHeadquartered at Middle Tennessee State UniversityAn Accredited Member of the Association of the Small Business Development CentersDyersburgMartinClarksvilleNashville Gallatin CookevilleOak RidgeKingsportMemphis Jackson ColumbiaMurfreesboro Main CenterChattanoogaClevelandKnoxvilleJohnson CityETSU-AffiliateService CentersNext >