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Expanding Economic Literacy by using the Money Smart for Small Business Curriculum
- Author(s):
- Amanda Blondeau
- Date:
- 2014
- Group(s):
- MSU EDA University Center: Regional Economic Innovation
- Subject(s):
- Economic development, Small business, Entrepreneurship, Rural development, Resource programs (Education)
- Item Type:
- Report
- Tag(s):
- #Equity, #Economic, #Development, #EconomicDevelopment, #EconomicDevelopmentAdministration, #EDA, #Michigan, #EconomicLiteracy, #smallbusiness, #MoneySmartCurriculum
- Permanent URL:
- https://doi.org/10.17613/ef5p-dw39
- Abstract:
- Northern Initiatives (NI) has a successful 28-year track record of making a real and measurable difference in the daily lives of small business owners and emerging entrepreneurs in the Upper and Lower Peninsulas of Michigan. Initially founded as an academic program at Northern Michigan University to “invest in ways of strengthening the regional economy,” NI spent the first decade providing high quality technical support to entrepreneurs. In 1992, NI was spun off as a separate corporation and starting in 1994, began to use lending as the primary tool to effect change in the region’s rural economic landscape. Since making its first loan, NI has invested a total of $42.6 million in the region, leveraging another $39.6 million, and creating and/or retaining more than 2,939 jobs. In conjunction with business loans, NI provides business support or technical assistance to start-up and existing businesses. These services are provided by staff coaches, with support from NMU student interns, and in cooperation with local experts and practitioners such as QuickBooks ProAdvisors, CPAs, local SBDCS, and other providers. This provided support is individualized, but typically focuses on bookkeeping, financial literacy, marketing/sales strategy, and online marketing.
- Metadata:
- xml
- Status:
- Published
- Last Updated:
- 6 months ago
- License:
- Attribution
blondeau2014_report.pdf