©2011 Galesburg Broadcasting Co.
|Celebrating Entrepreneurs and Small Businesses
|Starting and maintaining a small business is never an easy task.
That's why the Entrepreneurial Support Network recognized area businesses Tuesday with an awards luncheon.
Ryan Lilly, manager of the Entrepreneurship Center of West Central Illinois, said not all every business is a success.
"As I am sure many of you know starting a small business is a challenging experience, and the statistics are often stacked against you. Seven out of ten new small businesses survive two years, half at least five years, a third at least ten years and a quarter stay in business fifteen years or more."
Intellihot Green Technology, which makes tankless water heaters, received the award for Small Business Financing of the Year, but owner Sridhar Deivasigamani got a laugh when he said he hopes it will last.
"It just started out as a basement project but we are looking to get into one of the other catagories possibly the Business for Ten Years Catagory next time."
Intellinot has received lone money from the city of Galesburg and is operating out of the Sustainable Business Center in Galesburg which was created with an economic development grant the city received last year.
Small Business Awards were presented to the following entreprenuers:
Small Business Start-Up of the Year - Galesburg Flower Company, Michael Rogers and Stephen Moore
Small Business Success Over 10 Years - Fusion Tech Dan Bentz
Young Entrepreneur of the Year - Bill's Auto Body, Andy Sheldon
Small Business Exporter of they Year - Alexis Fire Equipment, Mike Shull
Small Business Financing Project of the Year - Intellihot Green Technology, Sridhar Deivasigamani
Small Business Advocate of the Year - Mercer County Tourism, Dr. Glenda Foy
Entrepreneur of the Year - General Grind and Machine, Mark Bieri
Entrepreneurial Lifetime Achievement - Thrushwood Farms, Jim Hankes
NAEIR Corp. and CEO Gary Smith were also recongized for 25 years of business in Galesburg.
|05 17 11 by Newsroom
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