At this writing, Spring is coming in fits and starts: warm, sunny weather one day and snow the next. But I am confident that Spring will arrive!
As with an improvement in the weather, Vermont's economy is also getting better. Recently, Lisa Gosselin, Commissioner of the Vermont Department of Economic Development and Annie Noonan, Commissioner of the Vermont Department of Labor, co-authored a piece, which was published by media and posted on our site, with permission:
As our nation recovers from one of the worst recessions in recent history, there is a tendency to keep thinking of our economy as a glass that is half empty. When we hear about job losses or see international companies consolidating operations elsewhere, it is easy to fall into that mindset.
There are indications that the economy is recovering, though not as rapidly as we'd like, and not equally among all business sectors. As we progress forward through the 2nd Q of 2014, we look forward to helping our local businesses get the answers they need, the resources they deserve, and the assistance that will help them achieve their goals.
GREAT really does start here!
All the best,
Entrepreneurs - Creating a Business
4 Things No One Tells You About Entrepreneurship
Thinking about starting a business? Running your own business can be both exciting and satisfying. Everyone is talking about entrepreneurship these days, but not many bring up some of the most difficult parts of starting a business.
This article highlights four things to consider before taking the plunge.
Kauffman Sketchbook - "The Wizard of Fundz"
Slava Rubin, founder and chief executive of Indiegogo, offers advice for running a successful online crowdfunding campaign. Presented by the Kauffman Foundation. Watch the video here.
VT Small Business Development Center, Starting Your Own Business workshops -- and Exploring Business Ownership webinar
Starting your own business can be challenging - are you ready?
The Vermont Small Business Development Center offers in-person and online classes called "Staring Your Own Business".
The Vermont Global Trade Partnership is offering direct financial assistance in the form of trade show grants to Vermont businesses seeking to grow their export markets.
These grants can help you offset the costs of attending a trade show in a new market as well as other opportunities for export market expansion.
The Senator Leahy International Trade Show grant offer ends June 30, 2014. It applies strictly to trade show booth and marketing related costs. It does not cover hotel accommodation, transportation, shipping or meals.
Questions to ask if you're looking to grow your business, from Ram Charan, world-renowned business advisor, author, and speaker.
Transitioning from Small to Large: the Significance of 2nd Stage Businesses
It can be a real challenge to make the leap from small business to large. Many things about the company, its processes, and even the founder have to change. According to theEdward Lowe Foundation, "Second-stage companies are those that have grown past the startup stage but have not yet grown to maturity. They have enough employees to exceed the comfortable control span of one owner/CEO and benefit from adding professional managers, but they may not have a full-scale professional management team.
A business typically begins to enter its second stage when it approaches $1 million in total receipts. The transition process may continue until it hits $100 million in receipts, although for most companies $50 million represents the upper limit of second stage. By $100 million, a firm will have to be professionally managed in order to continue to thrive and grow and be in its third stage of development. Employee numbers and revenue ranges vary by industry, but the population of firms with 10 to 100 employees and/or $750,000 to $50 million in receipts includes the vast majority of second-stage companies."
To learn more about second stage businesses, clickhere.
Three Organizations Partner to Earn Workforce Development Grant
Vermont Department of Labor grant will help Addison County businesses identify skills gaps and employer needs.
Through the Vermont Department of Labor's Regional Workforce Partnership Program, ACEDC, United Way of Addison County, and Patricia A. Hannaford Career Center will collaborate to initiate a labor skills gap analysis beginning this spring.....
Business Ownership Succession Planning Workshop - video Now Available
ACEDC hosted a Succession Planning workshop, The Search for a Good Exit: Introduction to Ownership Succession Planning, on Jan. 23rd at the National Bank of Middlebury.
Don Jamison, Executive Director and one of the founders of the Vermont Employee Ownership Center (VEOC), presented and led discussion of employee stock ownership plans, ownership succession planning, and the work of VEOC.
Our Jobs section continues to be one of the top-3 most popular destinations, with a consistently high number of new visitors navigating to these pages. Member job postings are also featured in rotation on our home page.
If you're looking for talent, take advantage of this member benefit, and post your job opportunities to our site.
Customized Workshops for Your Business
ACEDC now offers workshops tailored to your specific business. We can work with you on long range planning (often in conjunction with the VT SBDC) or using the Myers Briggs Type Indicator (MBTI) for team building and communications, problem solving, and understanding how you work best, your hot buttons and blind spots.
There is a fee for this service; contact the office if you are interested in learning more 802-388-7953.
Growing Businesses Can Find Commercial Property
As you probably know, ACEDC members can post their commercial property listings on our website, complete with photos and extended property descriptions. Businesses looking to expand can find the space they need by filtering results by property type; for lease, for sale, industrial, retail, etc.
Vermont Department of Labor is pleased to announce that the Middlebury Office is once again coordinating the Addison County Job Fair. The DOL is also pleased to announce that this event will once again be COST FREE to all Employers and Attendees.
The Job Fair is open to all Job Seekers but special emphasis will be placed on job opportunities for Military Services Veterans during the first hour, from 10:00am to 11:00am. Employers are encouraged to take advantage of this outstanding one day opportunity to meet face to face with people who are actively seeking employment.
FREE workshop: Social Media for Business
Wednesday, May 5, Ilsley Library
Social Media is here to stay, yet with so many sites to choose from, determining which is best for your business and managing your presence on the channel can be a daunting task.
Social Media is constantly changing and every channel offers varying features, benefits, and market reach.
This seminar offers insights into creating and sustaining a social media strategy, and will cover the most popular social media channels; Yelp, Pinterest, Google+, Twitter, Facebook, and more.
We try to keep up with news from our members and help them get the recognition they deserve. We share member stories via social media to help amplify your reach, and post updates on our web site and in our newsletter. If, by chance, we've missed your news, please let us know - and continue to forward your news and announcements!
Providing systems & solutions to help Vermont manufacturers innovate, plan, perform, and grow.
VMEC, the Vermont Manufacturing Extension Center, works with businesses
"To help improve and grow manufacturing in Vermont and strengthen the global competitiveness of the state's manufacturers."
Despite its name, VMEC also works with the healthcare, higher education, government, non-profit organizations and finance sectors.
VMEC offers public workshops that anyone can attend and they also provide customized training and assistance to help you with everything from plant layout to value stream mapping and organizing your office. The first step is free of charge and usually includes a company visit and confidential,preliminary needs assessment.
Additional services performed are done on a reasonable fee for service basis. The Vermont Training Program offers grant funding to offset some of these costs.
To learn more, call ACEDC at 802-388-7953 or visit the VMEC website:
Working Lands Enterprise Board announces $300,000 to 19 Working Lands Businesses
Three Addison County businesses are among this year's grant recipients. The WLEB "Enterprise Investment" area awarded just under $300,000 of $1.2 million available to 19 grantees in 11 counties of the state representing the agriculture, forestry and forest products sectors, (3 forestry projects and 16 agriculture projects), leveraging over $350,000 in matching funds.
Addison County Economic Development Corporation (ACEDC) is the resource for navigating challenges and opportunities of doing business in Addison County.
We work with businesses in all stages of growth, from pre-venture start-ups to established businesses and global corporations. Our primary objective is to create and retain a flourishing business community that supports vibrant fiscal activity and improves the quality of life of all residents.
ACEDC is your connector to the resources and solutions your business needs to thrive.
Thank you for your commitment to good jobs in Addison County.
The ACEDC Team
Addison County Economic Development Corporation
If you're not sure where to go, call us.
We'll help you, or we'll connect you with someone who can.