Small Business Growth


Small Business Growth and Expansion Competition Announced

The Milwaukee 7, in partnership with the Wisconsin Small Business Development Center Network, SCORE, and our sponsors and supporters, is excited to announce the launch of the M7 Small Business Growth and Expansion Competition!  

This contest will award 10 small- and medium-sized businesses in any industry the opportunity to grow and expand their existing business beyond their current market area. If your business has considered growing its product or service area outside of Wisconsin, coast-to-coast or even internationally, we have brought the experts from Southeast Wisconsin together to help to make your goals a reality. 

Winners will receive 12 months of complimentary technical assistance provided by multiple local, state and federal resources starting in January 2017. Depending on each company’s current situation and medium-term goals, additional incentives, grants and programs may be available to the winning companies.

DEFINED SERVICE AREA

Southeast Wisconsin (Participating businesses located in Kenosha, Milwaukee, Ozaukee, Racine, Walworth, Washington or Waukesha counties).

WHO QUALIFIES

Businesses in operation 2+ years, with fewer than 500 employees seeking assistance to expand their sales territory outside of Wisconsin, coast to coast or internationally. Companies with or without defined growth strategies or that are seeking to increase productivity and efficiency are encouraged to apply.

ENTRY DEADLINE

  • Entry Forms will be accepted from September 1, 2016 through October 31, 2016 until 5 pm.
  • A panel of business experts will review the applications and the winning companies will be announced on November 30, 2016.     


WINNING

All qualifying companies that apply will be given the choice of a complimentary consultation with the SBDC or SCORE regardless of the outcome of the competition. The top 10 businesses able to demonstrate their readiness and ability to broaden their current market area, increase revenue and/or increase productivity will be selected as the winners. The winners will be assigned a project manager who will provide technical assistance as well as make referrals to the additional resources as needed. Winners will also receive complimentary passes to two SCORE training sessions of their choice. 

WINNERS RECEIVE
12 months of complimentary technical assistance starting in January 2017, covering:

  • Business Plan Review & Development
  • Feasibility Plan
  • Growth Strategy Development
  • Financial and Market Assessment
  • Business Lending Packages (that may include ongoing technical assistance for the duration of loan)
  • Export Growth and Planning Assistance
  • Talent Pipeline Management
  • Supply Chain Management/Logistics
  • Distribution Connections/Brokerage Services
  • Succession Planning/Exit Strategy


HOW TO APPLY

Complete the online application here.

 

ABOUT THE MILWAUKEE 7
The Milwaukee 7, launched in 2005, was formed to create a regional, cooperative economic development platform for the seven counties of southeastern Wisconsin: Kenosha, Milwaukee, Ozaukee, Racine, Walworth, Washington and Waukesha. Its mission is to attract, retain and grow diverse businesses and talent. The M7 is a member of the Wisconsin Extended Export Partnership, a highly effective joint effort of the Wisconsin Economic Development Corp., Wisconsin Manufacturing Extension Partnership, U.S. Commercial Service and other organizations to help companies grow internationally. Additional technical assistance, incentives and grants are available to all Wisconsin companies via this partnership. 


ABOUT THE SBDC

Access the business development expertise of your Wisconsin Small Business Development Center (SBDC) professional business consultants. Put together the pieces you need for faster, more profitable growth. Help your company grow with consulting, referrals, sophisticated business development tools and resources. For more information, please visit www.wisconsinsbdc.org


ABOUT SCORE

SCORE is a nonprofit association dedicated to helping small businesses get off the ground, grow and achieve their goals through education and mentorship. We have been doing this for more than years. Because our work is supported by the U.S. Small Business Administration (SBA), and thanks to our network of 11,000+ volunteers covering 62 industries, we are able to deliver our services at no charge or at very low cost. To learn more about SCORE and our chapter, go to www.scoresewisconsin.org

 

 

PROGRAM SPONSORS AND SUPPORTERS