Mike Manchak, CEO, EVC
Mike Manchak, CEO, Economic Vitality Corp.
was introduced by Debbie Peterson. Mike explained that the EVC is not a government organization, but a non-profit that helps start and grow businesses in
The EVC is sponsored and funded by the County, seven cities, and by the private sector. Manchak said that there was a correlation between community health and successful businesses in the community. EVC, in cooperation with local banks, will facilitate loans to help start and improve businesses. He said that
In describing their program as "economic gardening," Manchak said that small businesses are important to the community as 90% of job growth comes from them. The required business plan must include a job creation component. He pointed out problems with starting a business in the county that their agency is working on: available housing for both the owner and employees; job opportunity for the spouse; lack of more diversity in businesses industry throughout the county; jobs with higher pay; attracting and retaining qualified employees; and, job opportunities for younger people.
The EVC has existed eleven years and they have provided over $6 million in loan guarantees, thousands of dollars in micro loans, and created over 400 jobs. Presently they are developing a long-range economic plan with local Chambers and cities. EVC assists local companies and entrepreneurs with a range of resources. These include business loans, seminars, site selection services, international trade consultation and more. Check their web site for upcoming opportunities to help your business: www.sloevc.org or call 788-2012.