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Greetings!enjoy the latest news from the Morehead State University Small Business Development Center |
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2013 Northeast Kentucky Small Business Award Winners named at May 16 awards breakfast
Flatwoods, KY . . . The 16th Annual Northeast Kentucky Small Business Awards were presented during a ceremony on Thursday, May 16, at Advance Memorial United Methodist Church in Flatwoods. The event recognized small business owners and advocates in Boyd, Carter and Greenup counties. Rob Johnson, WSAZ News Channel 3, served as master of ceremonies.
The event was coordinated by the Morehead State University/Ashland Small Business Development Center and 13 of the area's top leaders in banking, economic development, business and industry, and education were recognized including Ashland Alliance, Ashland Community and Technical College, City National Bank, Community Trust Bank, FIVCO-ADD, Grayson Area Chamber of Commerce, TSHD Architects, and Teresa Brown Business Coaching & Mentoring.
"Small businesses account for more than 95 percent of our local economy," said Kim Jenkins, event coordinator. "We are fortunate to have so many innovative, hard working entrepreneurs who contribute time, energy and financial resources to numerous community and civic organizations." This year the group received 64 nominations in 11 categories.
This year's winners were:
New Business-(Carter County) Carl & Amanda Johnson, Bubba's Towing & Recovery;
Emerging Business-(Boyd County) Carl Stambaugh, Yancy Ramey, Jesse Ison, & Keith Salmon, Rescue Pro;
Retail/Wholesale-(Boyd County)Troy Bruner, Fred Bruner, Greg Crawford, & Todd Robinson, Tri-State Industrial Supply;
Service-(Boyd County) Robert Prichard, Prichard Lawn Care;
Professional-(Greenup County) Pharmacist Brad Stultz;
Construction/Contracting-(Boyd County) Charles Knipp & Steve Griffith, TechForce Telecom;
Downtown Business-(Boyd County) Melissa Boggs, Stanley Pinson, & John Aspden, Parsons Furniture;
Family-Owned Business-(Boyd & Carter County)C.C. & Julie Gibbs,Gibbs True Value Hardware & Home Improvement of Ashland & Grayson;
Young Entrepreneur-(Greenup County)Jacob Crider, Crider's Lawn Service;
Nonprofit Organization-(Carter County) Phyllis Davis, Project Merry Christmas;
Small Business Champion-(Boyd County) Jeff Elswick, Kentucky Farmers Bank;
The 2013 Northeast Kentucky "Small Business of the Year" award was captured by C.C. & Julie Gibbs, Gibbs True Value Hardware & Home Improvement of Ashland & Grayson.
Additional information about the Northeast Kentucky Small Business Awards is available at www.nekysba.com or call 606-329-8011.
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Success Story
Lil' Hollywood
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Lisa Breeding came to the Morehead SBDC to get assistance in putting together a business plan to obtain funding to open a clothing store. This had been an idea of her's for awhile. She came to the Morehead SBDC, to meet with Mark Murphy, consultant, and they began the process of gathering information for the business plan and projections. Lisa researched costs of inventory, shelving, location and the cost of installing tanning beds. Once she got the information to the consultant, he put the written material in business plan form, worked on a logo and put together three year projections with cash flow, break even and income statement. He also provided industry and census data for the plan. They then reviewed the plan and completed the final copy.
She presented the plan to several lenders and ended up getting a Micro loan through the Pine Mountain Community Development Corp. She purchased inventory, remodeled the location, bought tanning beds and a POS system.
She opened her business and has had great success in obtaining customers and has been generating sales with social media.
Lisa commented, "the Small Business Development Center is a great place to get the help you need to open a business". |
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Murphy to receive 2013 Sutton Landry
State Star
Mark Murphy, Morehead State University Small Business Development Center's management consultant, has been selected as the 2013 Sutton Landry State Star of the Kentucky Small Business Development Center (KSBDC). Becky Naugle, director of KSBDC, made the announcement. "I am delighted to make this announcement, and to recognize Mark Murphy for his extraordinary contributions to the work of the KSBDC and small business in Kentucky," said Naugle.
Murphy has been with MSU since April 2010. Prior to that, he spent nine years as finance manager for a car dealership, four years as an indirect loan officer for a bank, and has owned two businesses. He received his Bachelor of Business Administration degree in marketing from MSU and is working toward a master's degree in business administration. He is a two-time recipient of the KSBDC Million Dollar Loan Club.
The award is sponsored by America's Small Business Development Center Network, a partnership uniting private enterprise, government, higher education and local nonprofit economic development organizations. It is the Small Business Administration's largest partnership program, providing management and technical assistance to help Americans start, run and grow their own businesses. Each state designates an annual winner who is characterized as an exemplary performer, a significant contributor to the program and shows a strong commitment to small business. It is named after Landry, who served as director of Northern Kentucky University's SBDC for 17 years before his death.
Murphy will receive the award in conjunction with the Association of Small Business Development Center's (ASBDC) Annual Conference in Orlando, Fla., in September.
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2013 Regional Entrepreneur Conference
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Join us for the 12th Annual Regional Entrepreneur Conference!
Thursday, September 5, 2013
8 a.m. to 2 p.m.
Morehead Conference Center
111 East First Street | Morehead, KY
Registration: $15 per person
The Regional Entrepreneur Conference is a one-day event for the small business
owner and entrepreneur providing professional development and encouraging
economic growth. This year's event will feature keynote speaker Marc Wilson,
exhibitor booths & workshops, training and networking opportunities.
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TRAINING SCHEDULE
Morehead Center
Regional Entrepreneur Conference - 9/5
Small Town Merchant - Mount Sterling - 9/6
Doing Business With the Federal Government - 9-26
Ashland Center Doing Business With the Federal Government - 9-25 |
 The Kentucky Small Business Development Center is a network of 15 offices located throughout the commonwealth that help existing and start-up businesses succeed by offering high quality, in-depth and hands-on services. These services include: no-cost confidential business consultations, affordable business workshops, seminars and research to help business owners make informed business decisions. For more information or to locate a consultant near you, visit www.ksbdc.org.
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Funded in part through a cooperative agreement with the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of SBA. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.
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