Ongoing Coverage:

Tagged: entrepreneur

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Business
2:19 pm
Sat May 11, 2013

Some Flint entrepreneurs are getting a helping hand

Small Flint entrepreneurs are getting a boost from a new micro-lending program.

The group, KIVA.org, uses its website to link small business owners with individuals willing to loan them a small amount of money to get their business started.

Elizabeth Garlow is with Michigan Corps.   She says the future success of the KIVA Flint program depends on local people getting involved.

“It really will depend on how quickly the community rallies around this initiative…and takes action to go and nominate an entrepreneur and lend to them,” says Garlow.

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Business
11:44 am
Thu April 18, 2013

DeVos investment fund puts $2.3 million into more than 100 ideas

Credit Lindsey Smith / Michigan Radio
Rick DeVos announced Start Garden in April 2012.

A venture capital fund backed by the DeVos family has invested $2.3 million dollars in start-up companies in the past year. The money went to 106 different ideas or projects.

The fund is called Start Garden. It was created nearly a year ago by Amway co-founder Richard DeVos’ grandson Rick DeVos, who’s also an entrepreneur (and founder of ArtPrize). He gave an update on the fund this morning.

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Economy
12:42 pm
Fri March 8, 2013

Silicon Valley entrepreneur says go to Ann Arbor to start your company

This photo has been making the rounds on Facebook.

The photo was pushed out on Ann Arbor SPARK's Facebook page - a group dedicated to building business expansion in the area.

Just two years ago, Blank published an article about the venture capital climate in Ann Arbor.

In a post he wrote in 2011, "What's Missing For Entrepreneurs In Ann Arbor, Mich.," he described the climate as the sound of 'one hand clapping.'

He felt there was plenty of talent, but money and a risk-taking culture were missing in the city (below he mentions VCs - 'venture capitalists').

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Offbeat
6:13 pm
Thu August 23, 2012

How hard is it to sell hot dogs? 13-year old didn’t think it would be “such a big deal”

Credit Lindsey Smith / Michigan Radio
13-year old Nathan Duszynski grills hot dogs in downtown Holland Thursday.

A 13-year-old entrepreneur from Holland finally opened what’s become a controversial hot dog stand Thursday after several weeks of going through red tape.

Nathan Duszynski wanted to make some money. So he bought a hot dog cart and set it up in downtown Holland. But he didn’t realize the cart it went against zoning laws that restrict where and when food vendors can operate.

“I didn’t think the hot dog cart would be such a big deal,” Duszynski said.

Holland city officials shut the cart down.

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Business
1:59 pm
Thu April 26, 2012

"Start Garden" to use $15 million to grow ideas into businesses

Credit Lindsey Smith / Michigan Radio
Entreprenuer Rick DeVos explains how Start Garden works at a press conference Thursday.

A Grand Rapids entrepreneur is launching a $15 million venture capital fund to turn people’s ideas into successful businesses.

The DeVos family is backing the fund, called Start Garden. Richard DeVos started Amway, now the world’s largest direct selling company.

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Auto/Economy
10:16 am
Wed February 15, 2012

Midwest leaders look to immigrants to rebuild our economy

In many ways, the headquarters for Eastern Floral in Grand Rapids, Mich. is like a factory. It’s in an old building with brick walls. The floor is smooth, cold concrete. A noisy printer rattles off new orders.

But of course, it smells amazing in here. Designers stand at long wooden tables, primping and pruning flowers. Red tulips. White daisies. Yellow roses. And just about any other flower you can imagine.

Bing Goei, the owner, says this work is more like artistry.

“I think you have to be born with that.” he says. “I was not. I admit it.”

Goei says this with a laugh.

But he was born with something else that turned out to be its own asset. He was born with a foreign birth certificate. His parents were Chinese. He was born in Indonesia, then moved to the Netherlands. From there, they moved to Grand Rapids, like a lot of Dutch people before them. Except, they have a Chinese name.

And like many of those immigrants before him, Goei worked hard. He started in the flower business in high school. Now, Eastern Floral has seven locations, about 60 year-round employees – twice that around Valentine’s Day – and the company has over $5 million in annual revenue.

Goei says being an immigrant, and being an entrepreneur, there’s a connection there.

“Almost every immigrant that comes to this country has come because they see America as that land of opportunity,” he says. “So immediately, their drive is to fulfill that dream.”

The data on this backs Goei up.

The Kauffman Foundation reports that immigrants are twice as likely as people born in America to start a business.

Richard Herman is an immigration attorney in Cleveland. Herman and Cleveland Plain Dealer reporter Robert Smith wrote a book called Immigration, Inc.

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