Tag Archives: micro businesses

medical.research

Tempe Start-Up a Finalist for Crowdfunding Contest

Out of over 125 small businesses that applied, Tempe start-up – Global Cancer Diagnostics, Inc. – has been selected by The National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for the self-employed and micro-businesses, and the Small Business & Entrepreneurship Council (SBE Council), an advocacy and research organization for entrepreneurs, and Fundable, a crowdfunding platform partner focused exclusively on startup companies, as one of the finalists in a recently announced, national crowdfunding contest.

Global Cancer Diagnostics, Inc. – a medical laboratory established to confidentially diagnose lung cancer at its earliest stages with a new test — is one of nine diverse and unique companies, with varying funding needs, committed to starting and growing their own small business that will raise money to compete for the $10,000 cash prize.  The national contest is committed to supporting America’s small business community in their goal of raising and securing capital through the powerful platform of crowdfunding.

The finalist companies will have 30 days to meet their individual fundraising goal through the Fundable platform. The first company to reach their goal will receive an additional $10,000 in funds from the contest sponsors to support the growth of their small business.  The contest will begin on Wednesday, August 21, 2013 and continue through September 20, 2013.  The contest winner will be announced on September 23, 2013.

“We are thrilled to offer this opportunity for these businesses to raise capital through crowdfunding while providing additional cash prize of $10,000 to the business that reaches their fundraising goal first.  Crowdfunding is not only a creative, but also a practical way for a small business to grow. Crowdfunding unlocks new streams of capital, and allows determined small business owners the opportunity to live their entrepreneurial dreams,” said Karen Kerrigan of SBE Council, Katie Vlietstra of NASE, and Eric Corsi of Fundable.

More information on Global Cancer Diagnostics, Inc. can be found online at http://www.globalcancerdx.com.  Global Cancer Diagnostics, Inc.’s individual fundraising page at Fundable is located at http://www.fundable.com/global-cancer-diagnostics.

Klocke Dan dpp 6-14-05

Phoenix Public Market boosts micro-businesses

Micro businesses may be small, but they pack a big punch.

Though defined as businesses with less than five employees, www.microexec.com reports that micro firms “represent a staggering 99.7percent of all the employer firms in the country.”  That means more than half of all private-sector employees work for micro firms which pay “44 percent of the total private payroll in the county.”

A Small Business Administration (SBA) report in March 2010 showed that micro businesses created 64 percent of all net new U.S. jobs from 1993 to 2009.

For many micro-business owners, making their first foray into business can be a challenge.  The Phoenix Public Market provides very low-cost opportunities to promote products, establish revenue, and expand micro-businesses.  Along the way, they learn, perhaps make a few mistakes and grow in a low-risk environment.   Today, 45 vendors who started at the Phoenix Public Market now have products that can be found in major grocery stores and restaurants throughout the Valley.

In May, the Market will celebrate the grand opening of a new restaurant by St. Francis owner Aaron Chamberlin in the space that formerly housed Urban Grocery.  The restaurant is adjacent to the open air Market which supports over 100 micro businesses, many of whom will be selling products to the new restaurant.

Despite having to close the indoor Urban Grocery store last May, the open air Phoenix Public Market remains one of the Valley’s leading advocates for and tactical supporters of small business and has continued to grow and flourish.

Even with the setback and the financial challenges it generated, we were able to hold firm in our mission to create opportunities for small businesses that may not be able to open storefronts because of the cost.

Among the reasons we were able to maintain our focus and continue moving forward was the consistent and stalwart support from groups like the City of Phoenix and Bank of America.  The City of Phoenix has been a large supporter from a capital standpoint in building out the open air Market parking lot.  Bank of America was among the first to invest in the Phoenix Public Market with a three-year $25,000 grant and then stepped up with another $15,000 right after the grocery closed when we needed it most.

The impact of those efforts will be reflected long-term and locally. To date our micro businesses have sold over $7 million in local products.  Their support and our ongoing ability to provide opportunities for small businesses will create jobs and generate revenue, taxes and consumer traffic that will, ultimately, contribute to a stronger, more vibrant community.

Those benefits pay dividends to all of us.

 

Dan Klocke is Vice President, Development, for the Downtown Phoenix Partnership (www.downtownphoenix.com).  For information about the Phoenix Public Market, visit www.foodconnect.org.