Kowall resolution honors importance of entrepreneurs

 

LANSING, Mich. — The state Senate on Wednesday adopted a resolution sponsored by Majority Floor Leader Mike Kowall recognizing the importance of entrepreneurs to Michigan’s economy.

Senate Resolution 155 recognizes April 22 – 28, 2018 as Michigan Venture Capital and Angel Investment Week. The resolution coincides with the release of the 2018 Michigan Venture Capital Association Research Report.

“Michigan’s 29 venture capital firms and 11 angel investor groups fund our most innovative entrepreneurs and work closely with them to transform breakthrough ideas into new companies and industries that drive job creation and economic growth in the state,” said Kowall, R-White Lake. “We should do all we can to make Michigan the state where companies come to grow.”

Kowall said Michigan investors are trailblazers who are vital to building Michigan’s entrepreneurial community.

“Local investors are often the first to identify innovative companies emerging in the state and have the networks necessary to support their growth and to help them stay in Michigan rather than relocate,” Kowall said.

SR 155 notes there are 134 startups in the state, and every $1 invested in a Michigan startup by a Michigan-based venture capital firm attracts $138 million of investment from outside the state.

Kowall said approximately $627 million of additional venture capital will be required in the next two years to adequately fund the growth of Michigan’s 134 venture-backed startups. However, only $403 million of venture capital is available for existing portfolio companies backed by Michigan venture capitalists, highlighting a funding gap that is beginning to affect Michigan startups.

To support the demand for capital from high-tech, high-growth companies launching in Michigan, local venture firms are targeting to raise $657 million in 2018.

Oakland Press: Small Business Week celebrates the companies that drive our economy

Sen. Mike Kowall

Sen. Mike Kowall

By Sen. Mike Kowall
15th Senate District

Before I became a public official, I worked in the family business.

My training is in carpentry, and the family business is a woodworking and carpentry company started by my parents nearly 65 years ago.

I was honored to work for 38 years for the company, including serving as president until I joined the Michigan House in 1998. My time at the business instilled in me the importance of discipline and hard work.

As president of the company, I became well aware both of the joys and the struggles facing small businesses. I also grew to appreciate their importance to the economy and to the well-being of families and individuals.

In less than two weeks we will recognize the importance of small businesses statewide and nationally.

Sunday, April 29 through Saturday, May 5 we will celebrate Small Business Week.

Since 1963, the president of the United States has issued a proclamation every year announcing National Small Business Week. This is a time to recognize the vital contributions of America’s entrepreneurs and small business owners.

The numbers surrounding these businesses are significant. More than half of Americans either own or work for a small business, and these businesses create about two out of every three new jobs in the United States each year.

In Michigan, there are more than 169,000 small businesses with employees and another 687,000 small businesses without employees. These companies employ more than 1,755,000 workers, representing roughly 51.7 percent of the private-sector labor force.

America’s progress has been driven by those who think big, take risks and work hard. These traits are the hallmarks of small business owners, and they form the backbone of our economy.

Small businesses often have greater contact with their community and can better respond to their customers’ needs. In many cases they can fulfill the needs of their customers better than larger companies can. Corporate bureaucracy is not a significant threat to most small businesses, which helps them adapt to change more quickly.

For more information on the significance and value of small businesses, visit the Small Business Association of Michigan at www.sbam.org.

Large, multinational corporations may get most of the press. But make no mistake: Small businesses — mom-and-pop outfits, family restaurants, professional services, internet marketing companies, and many more enterprises too numerous to count — are critical to our success. So make sure to pay these businesses a visit this year during Small Business Week, from April 29 to May 5.

This column appeared in the Oakland Press. Senator Mike Kowall, R-White Lake, is the Michigan Senate majority floor leader. He serves the residents of the 15th Senate District, representing western Oakland County.

Spinal Column: Small Business Week celebrates the companies that drive our economy

By Sen. Mike Kowall
15th Senate District

Before I became a public official, I worked in the family business.

My training is in carpentry, and the family business is a woodworking and carpentry company started by my parents nearly 65 years ago.

I was honored to work for 38 years for the company, including serving as president until I joined the Michigan House in 1998. My time at the business instilled in me the importance of discipline and hard work.

As president of the company, I became well aware both of the joys and the struggles facing small businesses. I also grew to appreciate their importance to the economy and to the well-being of families and individuals.

In less than two weeks we will recognize the importance of small businesses statewide and nationally.

Sunday, April 29 through Saturday, May 5 we will celebrate Small Business Week.

Since 1963, the president of the United States has issued a proclamation every year announcing National Small Business Week. This is a time to recognize the vital contributions of America’s entrepreneurs and small business owners.

The numbers surrounding these businesses are significant. More than half of Americans either own or work for a small business, and these businesses create about two out of every three new jobs in the United States each year.

In Michigan, there are more than 169,000 small businesses with employees and another 687,000 small businesses without employees. These companies employ more than 1,755,000 workers, representing roughly 51.7 percent of the private-sector labor force.

America’s progress has been driven by those who think big, take risks and work hard. These traits are the hallmarks of small business owners, and they form the backbone of our economy.

Small businesses often have greater contact with their community and can better respond to their customers’ needs. In many cases they can fulfill the needs of their customers better than larger companies can. Corporate bureaucracy is not a significant threat to most small businesses, which helps them adapt to change more quickly.

For more information on the significance and value of small businesses, visit the Small Business Association of Michigan at www.sbam.org.

Large, multinational corporations may get most of the press. But make no mistake: Small businesses — mom-and-pop outfits, family restaurants, professional services, internet marketing companies, and many more enterprises too numerous to count — are critical to our success. So make sure to pay these businesses a visit this year during Small Business Week, from April 29 to May 5.

This column first appeared in the Spinal Column newsweekly. Senator Mike Kowall, R-White Lake, is the Michigan Senate majority floor leader. He serves the residents of the 15th Senate District, representing western Oakland County.

Kowall participates in event commemorating Vietnam Veterans Day

LANSING, Mich. — Michigan Senate Majority Floor Leader Mike Kowall, R-White Lake, participated in a joint event in Lansing on Thursday to commemorate Vietnam Veterans Day in the state.

Kowall, the Michigan Veterans’ Memorial Park Commission, the Department of Military and Veterans Affairs and the Michigan Veterans Affairs Agency formally recognized and presented certificates of honor and lapel pins to the families of U.S. Army Spc. Four Arthur Wright, missing in action since Feb. 21, 1967, and U.S. Army Pfc. Nathan Ray Sales, killed in action on Sept. 22, 1968.

The Vietnam War Commemoration was authorized by Congress and established under the secretary of defense, and then formally launched in 2012. It was designed to thank and honor Vietnam veterans and their families in hometown America, in light of the 50th anniversary of the war. Recognition is given to these heroes when commemorative partners hold events for the veterans and their families.

Information regarding the United States of America Vietnam War Commemoration can be found at www.vietnamwar50th.com.

Note: For a print-quality version of this photo or other Kowall photos, click the image or select Photowire at right.