2013 EDGE Award Winners – Emerging Businesses
Congratulations to the 2013 Class of Emerging Business EDGE Awards Winners!
101 Tool and Die, LLC – Fort Wayne, IN
With a combined 60 years of experience in the tool and die industry, the owners of 101 Tool and Die observed a shift in production trends to “on-shore” domestic producers. However, the technology for these companies was outdated, spurring owners David Maberson and Gary Jackson to start their own business in January 2013. The company uses new technology and innovative business models to address this changing market.
With help from the Northeast ISBDC (NE-ISBDC), 101 Tool and Die secured a $175,000 SBA guaranteed loan from Three Rivers Federal Credit Union. Business advisors helped the company finalize their business plan to take to the bank, as well as provided market
research to support their financial projections. Additionally, the NE-ISBDC provided training through a partnership with Google to create the business website.
The Arsenal – Muncie, IN
Fitness enthusiast BJ McKay wanted to open a CrossFit facility in Muncie to bring a higher level of physical fitness to the community. He, along with business partner Johnathon Hill, sought assistance from the East Central ISBDC to determine what the framework and financial side of the business would need to look like. Working with their business advisor, the owners were able to formulate realistic financial projections that helped them secure $75,000 in funding from two banks.
The Arsenal opened in February 2013 and quickly exceeded six-month financial projections. They hired five employees who are promoting functional performance fitness to the city of Muncie, building a community of CrossFit athletes.
By the Glass Productions, LLC – Bedford, IN
In 2009, Andie Redwine made a feature film because she loves telling stories. A stay-at-home mom of four children with zero production experience turned out to be a successful filmmaker – her feature film Paradise Recovered won four awards in 2010 and 2011.
When she decided to launch By The Glass Productions in 2013, Andie came to the Radius ISBDC seeking assistance in how to turn her ideas into a business strategy. Utilizing SmallBizNavigator, Andie wrote her business plan and completed financial projections for the film production company. She was able to obtain a $103,000 personal funds loan, which enabled her to move her business into a downtown Bedford office. With profits of $60,000 since August, By the Glass Productions is making a significant impact in this small community.
Eagles Wings Zipline – Tell City, IN
Eagles Wings Zipline is a zipline tour located in Perry County, consisting of eight lines covering more than 3,500 feet of sky. The idea to open the recreation business came to owner Dale Sprinkle in 2010 after he and his wife experienced a zipline tour in St. Marten. He met with the Southwest ISBDC in 2012 to discuss developing a business plan. Opened in August 2012, Eagles Wings Zipline generated approximately $80,000 in business and hired 15 seasonal employees in its first year of operation.
As the small business continues to grow, they still regularly work with their business advisor on marketing and branding to keep them moving forward.
Energy Delivery Solutions, LLC – Jeffersonville, IN
Energy Delivery Solutions (EDS) developed and patented a technology called liposomal ATP (ATPv) that can deliver life-saving energy to cells to invigorate cell growth and regrowth. Company founder Dr. Bill Ehringer licensed the technology and started the company in July 2012.
Shortly after starting the business, he visited the Southeast ISBDC looking for assistance with his new venture. The Southeast ISBDC helped Dr. Ehringer develop financial projections and connected him with logistics for international shipping to Australia, Canada, and the United Kingdom. With six employees and more than $90,000 in sales in 2013, EDS is poised to create a significant economic impact in 2014.
Erin’s Pit Stop – Terre Haute, IN
Angie Picklesimer first came to the West Central ISBDC (WC-ISBDC) in January 2013 seeking assistance with her business idea. She wanted to open an automotive repair shop that catered to women. With her daughter as the lead mechanic, Erin’s Pit Stop aims to be a place women can bring their cars for affordable service they can trust.
The WC-ISBDC assisted Angie with cash flow management, human resources, and legal formation. Market research reports helped the business owner determine financial projections and how to best market the business. This insight helped Angie secure an SBA guaranteed loan for $50,000 from Riddell National Bank. Since opening in May, the business has seen more than $75,000 in sales and has hired four employees.
Firefly Home Care, LLC – Middlebury, IN
Firefly Home Care owners Amy and Larson Manifold believe that anyone caring for a family member at home can benefit from resources and support. This is where the Middlebury-based small business can help. Opened in January 2013, Firefly Home Care provides non-medical home care to residents of the Elkhart, South Bend and Goshen communities.
Amy and Larson first met with the North Central ISBDC in September of 2012 to discuss their business plan and receive tax preparation assistance. After receiving a $72,000 loan from First State Bank, the couple purchased and renovated a building to serve as the company’s business office. In 10 months time, Firefly Home Care generated $97,000 in sales, affording them the opportunity to hire 17 new employees.
Hoverstream, LLC – Indianapolis, IN
Since he was a child, Jason Kuehn has had a passion for hovercraft vehicles. After operating a business for several years that sold hovercraft parts and accessories, Jason started his own line of hovercraft in December 2012 when he launched Hoverstream. The versatility of this environmentally friendly vehicle ranges from consumer recreational use to emergency and flood rescue.
Jason began working with the Central ISBDC in August of 2012 seeking help in writing a business plan. He was provided with marketing data via industry research and several demographic reports. Additionally, the ISBDC assisted him in creating financial projections which resulted in an $114,000 SBA guaranteed loan from Huntington National Bank.
Miller Beach Market Place – Gary, IN
A successful business owner in Chicago, Carmella Saraceno saw Miller Beach as an eclectic, vibrant and diverse community that had tremendous potential to help revitalize the city of Gary. She purchased a building and began renovations in early 2012 intending to open a specialty convenience store. Meeting with a Northwest ISBDC Business Advisor, Carmella began to turn her dream into a viable business plan. With the ISBDC’s assistance, she obtained necessary government permits, identified inventory, set prices, and began marketing her business.
Miller Beach Market Place held its grand opening on May 23, 2013. Since then, daily sales have significantly increased from $37 on opening day to an average of $700. The market’s goal is to stimulate community involvement and sustainability by featuring products from other small businesses and start-ups located in Gary.
Streamline Designs and Frame Shoppe, LLC – Lafayette, IN
After 25 years in business, the owner of The Frame Shoppe and Streamline Designs decided it was time to retire from the frame business. As an employee of the business, Sandy Frantz saw her opportunity to purchase it and continue providing top quality service their customers expect.
Sandy and her husband attended Hoosier Heartland ISBDC’s “Launching Your Own Business” workshop to learn the fundamentals of writing a business plan. Following the workshop, they began meeting with their business advisor to discuss and develop their plan. With the help of the Hoosier Heartland ISBDC, Sandy and her husband Mark were able to purchase the business and retain its location. They rebranded and renamed the company Streamline Designs and The Frame Shoppe in February 2013. The business was able to retain two full-time and one part-time employees from the previous business and create one new part-time position.