Michigan: Nominate a Business of the Year

2016 SMALL BUSINESS AWARD NOMINATIONS
SBA’s Michigan District Office is now accepting nominations for its 2016 Small Business Awards. Winners will be honored at the Michigan Celebrates Small Business event in May 5, 2016 (https://www.michigancelebrates.biz/).

The Michigan Small Business Person of the Year and the Michigan Exporter of the Year will be in contention for the National Small Business Person of the Year award.

To nominate a business, submit a preliminary one page nomination letter, following Steps A and B and briefly addressing the criteria for each award. We will review your nomination letter for eligibility and notify you if we would like you to move forward with a complete nomination package.

 


Preliminary nomination letters that do not address A and B will be disqualified.

 

A. Indicate the company’s size to ensure that it meets SBA Size Standards. Click here for more information on SBA size standards.
B. Include the following information in the one page nomination letter that contains the following required information no later than December 7, 2015.

 

1. Number of employees in the company.
2. Annual sales in 2012, 2013, and 2014.
3. North American Industrial Classification code: Click here to find your NAIC code.
4. A brief paragraph that addresses some of the criteria for the award.
The following criteria should be your guide for the one page nomination, and the subsequent complete nomination packages. If you have questions, please call June Foyt at 313.324.3608 or email Michigan@sba.gov.
Criteria for each Award

 

Small Business Person of the Year: For developing an outstanding, growing business; innovative product(s), increasing jobs, increasing sales, overcoming adversity, and community contributions.

 

Criteria include:
Staying power – a substantiated history as an established business
Growth in number of employees
Increase in sales and/or unit volume
Financial summary of the current and last 3 years (Number of employees, Total Sales, Net Profit
(before tax) Total Assets, Total Liabilities and Net Worth)
Innovativeness of product or service
Response to adversity
Contributions to aid community‐oriented projects

 

Small Business Exporter of the Year: Significantly increased export sales and profits, encouraging other firms to export, increased jobs through exports, and innovative methods of creating markets.

Criteria include:
∙ Increased sales, profits and/or growth of employment because of exporting.
Financial summary of the current and last 3 years (Number of employees, Total Sales, Net Profit
(before tax) Total Assets, Total Liabilities and Net Worth)
∙ Creative overseas marketing strategies, with description of products & markets served
∙ Effective solutions to export‐related problems
∙ Encouraged other small businesses to export
∙ Introduction of unique trading companies
∙ Volunteer assistance to other small businesses entering the export market

 

SBA Young Entrepreneur of the Year: Owner will not reach 30th birthday by June 1, 2016, three‐year evidence of success in sales and profits, increased jobs, innovative products, demonstrated potential.

Criteria include:
Financial summary of the current and last 3 years (Number of employees, Total Sales, Net Profit
(before tax) Total Assets, Total Liabilities and Net Worth)
∙ Increased employment opportunities
∙ Development and utilization of innovative or creative business methods
∙ Demonstrated entrepreneurial potential for long‐term success

 

Veteran Owned Small Business: A business owned by a member of the military community including Veterans, Service‐disabled veterans, Active‐Duty Service Members eligible for the military’s Transition Assistance Program, reservists and National Guard members.

Criteria include:
Financial Summary of the current and last 3 years (Number of employees, Total Sales, Net Profit
(before tax) Total Assets, Total Liabilities and Net Worth)
∙ Increased employment opportunities for members of the military community
∙ Demonstrated potential necessary for long‐term business success and economic growth
∙ Voluntary efforts to strengthen veteran owned businesses within the community

 

Women Owned Small Business: Small business owned by 51% by a woman or women with outstanding growth, innovative product(s), increasing jobs, increasing sales, overcoming adversity, and community contributions.

Criteria include:
Financial summary of the current and last 3 years (Number of employees, Total Sales, Net Profit
(before tax) Total Assets, Total Liabilities and Net Worth)
∙ Increased employment opportunities
∙ Development and utilization of innovative or creative business methods
∙ Demonstrated entrepreneurial potential for long‐term success

 

Nancy J. Grose I Economic Development I 313.324.3610 , nancy.grose@sba.gov
U.S. Small Business Administration

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