Illinois Entrepreneurship Network
The attached report summarizes the client activity and economic impact for the Illinois Entrepreneurship Network (IEN) Centers located in the North Central Region. The North Central Region includes DeWitt, Fulton, Livingston, Marshall, Mason, McLean, Peoria, Stark, Tazewell, and Woodford counties. Funding for these centers is provided, in part, by the Illinois Department of Commerce and Economic Opportunity (DCEO), the U.S. Small Business Administration (SBA) the U.S. Department of Defense (DoD), National Institute of Standards and Technology (NIST) and the host institutions where these centers are located.
These centers provide management, marketing and technical assistance, consulting services, education and training workshops and seminars and information to individuals interested in starting their own business; to owners and managers of existing small businesses; to individuals and small companies needing assistance to develop new products and technologies; to companies seeking to expand their sales by entering new markets, both domestically and foreign, or by doing business with federal, state and local governments, and to manufacturers seeking to contain costs, improve quality and optimize their supply chains.
For more information on specific programs, services and upcoming events provided by these IEN centers, contact information for each center is provided below, or you may contact the IEN Help Line at 1-800-252-2923 for information or referral to the appropriate service provider.
Distribution of this report is primarily by email. If we do not have your email address, we would appreciate adding it to our distribution list. Also, if you know of someone else who should receive this report please contact us at 309-677-4321 or by email.
The host institution for the following IEN centers is Bradley University
- Turner Center for Entrepreneurship
Ken Klotz, Director - Programs
309-677-4321
Email - Illinois Small Business Development Center
Ross Miller, Director
309-677-2992
Email - Illinois SBDC International Trade Center
Jim Foley, Director
309-677-3075
Email
Economic Impact/Capital Infusion
| Data Elements |
7/1/2010 - 9/30/2010 |
10/1/2010 - 12/31/2010 |
1/1/2011 - 3/31/2011 |
4/1/2011 - 6/30/2011 |
| New Businesses Created | ||||
| Bough/Started Business Milestones | 4 | 10 | 6 | 3 |
| New Business Created | 3 | 11 | 2 | 0 |
| Jobs Created | 18.0 | 105.5 | 5.0 | 0.0 |
| Jobs Retained | 18.0 | 526.5 | 99.0 | 0.0 |
| Change in Sales | $0.00 | $0.00 | $0.00 | $0.00 |
| SBA Loans, Number of | 0 | 3 | 0 | 0 |
| SBA Loans, Dollar Amount | $0.00 | $1,055,000.00 | $0.00 | $0.00 |
| Non-SBA Loans, Number of | 1 | 14 | 0 | 0 |
| Non-SBA Loans, Dollar Amount | $15,000.00 | $2,586,000.00 | $0.00 | $0.00 |
| Total Loans |
||||
| Number of Loans | 1 | 17 | 0 | 0 |
| Dollar Amount of Loans | $15,000.00 | $3,641,000.00 | $0.00 | $0.00 |
| Equity Capital | ||||
| Number of Equity Capital | 4 | 41 | 3 | 0 |
| Dollar Amount of Equity Capital | $89,000.00 | $2,166,615.90 | $406,000.00 | $0.00 |
| Total Capital (Loans + Equity) | ||||
| Number of Loans/Equity | 5 | 58 | 3 | 0 |
| Dollar Amount of Loans/Equity | $104,000.00 | $5,807,615.90 | $406,000.00 | $0.00 |
| Total Counselor Hours | 641.70 | 5,022.95 | 527.40 | 7,884.40 |
| Clients Counseled | ||||
| Total Clients Counseled | 177 | 189 | 146 | 128 |
| Number of New Clients Counseled | 100 | 75 | 76 | 62 |
| Client Hours | ||||
| Total Client Hours | 639.05 | 5,000.15 | 519.15 | 7,873.40 |
| New Client Hours | 243.75 | 762.70 | 190.00 | 627.60 |
| Extended Engagement Clients (since 10/1/2005) | 43 | 87 | 45 | 67 |
| Long Term Clients (since start of fiscal year) | 46 | 32 | 41 | 67 |
| Total Training Events | 7 | 11 | 10 | 12 |
| Total Training Event Sessions | 7 | 11 | 10 | 12 |
| Training Attendees | 45 | 96 | 3 | 282 |
