Tag Archives: Consulting & Business Development Center

UW Minority Business Awards honor top ventures, announce expanded partnership

The 2012 University of Washington Minority Business Awards honored ten top performing minority-owned ventures in the state of Washington.

The December 6 event, co-hosted by the Business and Economic Development Center (BEDC) at the UW Foster School of Business and the Puget Sound Business Journal, also unveiled an expanded partnership between BEDC and JPMorgan Chase, and welcomed back an old friend,

Ali TarhouniThat would be Ali Tarhouni, the popular senior lecturer who famously left his post at Foster in early 2011 to serve as finance minister for the Libyan revolutionary government. Tarhouni, who has initially declined a run for the newly democratic nation’s prime minister, expressed his pride in the growth of this unique Center that he helped found in the early 1990s.

“The Foster School of Business has heart,” he said. “We teach our students how to create wealth, and that’s our primary responsibility. But I’m also proud to be associated with a school that subscribes to do the right thing—even though it doesn’t usually have an immediate reward… Doing what is right and creating wealth aren’t mutually exclusive.”

The long-term impact of BEDC in promoting a robust economic diversity across the state was evident in the range of 2012 awardees.

The William D. Bradford Minority Business of the Year is Redapt, the Redmond-based provider of innovative data center infrastructure solutions.

Regional winners include:
King County Award – Jabez Construction/ST Fabrication and Radarworks
Northeast Washington Award – Spoko Fuel West Plains
Southeast Washington Award – RJS Construction
Northeast Washington Award – Gliding Eagle Marketplace
Southwest Washington Award – Sunmodo Corporation
Rising Star Award – C2S Technologies

Zones, the Auburn-based enterprise IT firm, received special commendation for reaching $1 billion in annual revenues. Accepting the award was Firoz Lalji, CEO and chairman of Zones, who noted that his company has become successful by serving businesses nationwide with expertise in all areas of IT, including systems and storage, networking and security, software, virtualization, procurement, logistics, any and everything tech.

Minority Business of the Year Awards 2012Michael Verchot, founding director of BEDC, announced a transformational $600,000 gift from the JPMorgan Chase Foundation, the largest in the center’s 17-year history. Verchot said that the gift will allow the center to engage more students in consulting to small businesses in Seattle’s low- and moderate-income communities and to grow its faculty-led small business classes throughout the state. And, perhaps most significantly, the investment also will enable the center to build a regional and national network of business schools that follow the BEDC model to spark economic development in their own communities.

This newest investment brings Chase’s total support of BEDC over the years to more than $900,000. “At JPMorgan Chase, we believe in strengthening small business and creating jobs. And we believe that is critical to the progress of our country,” said Curt Fraser, Chase’s CEO of middle market banking for the Pacific Northwest. “We’re thrilled to partner with the UW Business and Economic Development Center in working to do just that.”

Transformational gift from JPMorgan Chase

Guest post from Michael Verchot, Director of the Business and Economic Development Center at the University of Washington Foster School of Business

On December 6 we’ll formally announce a $600,000 gift from JPMorgan Chase Foundation that will mark a turning point in the life of the Business and Economic Development Center (BEDC). This gift will enable us to fully meet our goals of making a substantial impact on growing jobs where they are needed most by engaging students in learning that matters to them and to businesses. Fundamentally, this gift will enable us to do three things:

  • Increase the number of students engaged in hands-on work with small businesses in low-and moderate-income communities in the Seattle area.
  • Grow our faculty-led small business classes offered in Seattle, Everett, Yakima, Tri-Cities, and Spokane to reach up to 200 small businesses each year.
  • Build a NW regional and national network of business schools that enhance their student learning by helping small businesses in low-and moderate-income communities to create jobs.

BEDC Celebrates JP Morgan Chase GiftWe already know that more than 94% of students who participate in BEDC programs say the experience improves their job performance after graduation and 80% of small business participants report positive financial and performance gains following their work with us. We now have the opportunity to serve more students and business owners.

This is the largest gift the BEDC has received in its 17-year history and brings Chase’s total giving to the BEDC to more than $900,000. As we’ve worked with Chase over the last year in shaping our vision for the use of these funds, they’ve also challenged us to think beyond their gift to what’s next. Chase’s gift will be spent over the next three years which will bring us to our 20th anniversary. It’s time to set our sights on the future. Our overarching goals these next three years will be to:

  • Leverage Chase’s support to secure between $1 million and $10 million in endowment support to sustain the growth in programs made possible by Chase’s gift.
  • Double the number of students who are working with small businesses.
  • Create a self-sustaining series of classes for entrepreneurs and business owners at all levels of business growth.

All of us at the BEDC, students, faculty, staff, and business volunteers, are deeply grateful to Chase for this investment and we look forward to an exciting couple of years ahead of us.

2012 Minority Business Award Winners

Minority Business Awards Eight Washington businesses will be recognized for their achievements at this years’ Minority Business Awards on December 6. All of these companies have demonstrated exceptional management and revenue growth and are examples all businesses can emulate. We hope you will join us at the awards banquet to congratulate these outstanding businesses from across the state of Washington. Purchase tickets now.

William D. Bradford Award
REDAPT
Redapt offers integrated IT solutions as an innovative data center infrastructure provider and hardware reseller. Their clients range from local start-ups to Citibank and game-developer giant Zynga. Recognized by the Puget Sound Business Journal as the No.1 Eastside Private Fastest-Growing Company for 2012, Redapt’s revenue has increased six-fold to $147 million in 2011, from $23.5 million in 2009.

King County Awards
JABEZ CONSTUCTION/ST FABRICATION
They are a full service design-build general contractor and a structural steel fabricator. They have contracts with the U.S. Army Corps of Engineers and in the private sector. Jabez Construction has a unique approach to their clients: the owners emphasize that while they are selling physical products, what makes them stand out is their excellent customer service. In the last 10 years their revenue has increased from $2 million to $9.6 million, while employees have increased from 6 to 35 people.

RADARWORKS
With offices in Seattle and Los Angeles, Radarworks is a creative agency that delivers integrated marketing solutions in advertising, graphic design, interactive marketing strategies, and events services. Their clients include several big corporations, including Microsoft, Sony, and AT&T. They’ve more than doubled the size of their firm in the last two years, hiring 30 additional employees and increasing revenue from $7.5 million in 2010 to $8.3 million in 2011.

Northeast Washington Award
SPOKO FUEL WEST PLAINS
Managed by the Spokane Tribe of Indians, Spoko Fuel is the second largest convenience store in Washington State. With revenues of over $27 million in 2011, they are more than just a profit-generating mechanism; they create positive influence on the youth by providing business opportunities and jobs for the local community members.

Southeast Washington Award
RJS CONSTRUCTION
Located in Yakima Valley, RJS is a general service contractor ran by Native American women. RJS has been in business over 22 years performing commercial, industrial, and residential contracts throughout the Pacific Northwest. Their revenues grew from $1.5 million in 2010 to an expected $2.5 million in 2012, and the growth will continue as they are expanding from the private market to government sector. Client satisfaction is the primary goal of RJS and the cornerstone of each project is quality of workmanship and production.

Northwest Washington Award
GLIDING EAGLE MARKETPLACE
Operated by the Port Gamble Development Authority, Gliding Eagle Marketplace is an enterprise of the Port Gamble S’Klallam Tribe. The convenience store/gas station serves the Tribal Reservation as well as the communities of Kingston, Hansville, Port Gamble, and Poulsbo. Profits are given back to the Tribe, providing funds for education, health care, mental health services, police, and transportation. Gliding Eagle Marketplace has experienced significant growth in the last three years and their 2011 revenues were $18.9 million.

Southwest Washington Award
SUNMODO CORPORATION
SunModo, a solar panel mounting company, was founded in 2009 with the mission to provide the best value racking and mounting solutions for solar power systems. SunModo has established itself as the provider of affordable, high-quality solar mounting products. The company excels at installing rooftop and ground mounted systems. One of their most successful product lines is their patented EZ roof mount systems, which accounted for over 50% of their sales in 2011. Their revenue has increased exponentially from $0.2 million in 2010 to an expected $5 million in 2012.

Rising Star Award
C2S TECHNOLOGIES
C2S Technologies located in Bellevue, WA is the winner of this year’s Fastest Growing Business award. A Minority owned Business Enterprise (MBE) technology and consulting company founded in 2005, C2S empowers strategic change in a broad range of industries and consultant specialties by constantly adapting capabilities. The company maintains a focus on agility, regularly adding new core competencies and personnel to keep ahead of the ever-evolving demands of the market and the needs of clients.

BEDC director authors chapter on diversity in global supply chains

Michael VerchotThe Business and Economic Development Center’s national influence is extending beyond supporting the launch of business school programs based on the BEDC model to one on corporate business diversity practices. At the end of October the Billion Dollar Roundtable (BDR), an association of 18 Fortune 500 corporations that spend at least $1 billion annually with minority- and women-owned businesses, released a book entitled Supplier Diversity Best Practices that includes a chapter on diversity in global supply chain management written by the BEDC’s director Michael Verchot. The chapter reports on research conducted by the BEDC on strategies that minority-owned businesses use in serving global corporate clients.

While in Denver Verchot also attended the annual conference for the National Minority Supplier Development Council. The NMSDC is a network of major corporations seeking to increase the number of minority-owned businesses that are part of their global supply chains. The conference provided an opportunity for the BEDC to meet with corporate partners in the Minority Business Executive Program. This program, for minority-, women- veteran-owned and other small businesses is held each June and draws 25-30 business owners from across the US.  One of just three of its kind in the US, and the only one in the Western US, the program will enter its 6th year in 2013.

To get a copy of the Supplier Diversity Best Practices visit the BDR’s web site and to learn more about the Minority Business Executive Program contact Michael Verchot.

Students taking charge of improving our community

BEDC Leadership TeamThe Business and Economic Development Center Leadership Team is a student organization with a mission to provide students with opportunities to improve their professional growth outside of the classroom. The organization also helps advance the work of the Business & Economic Development Center (BEDC) in developing businesses in underserved communities.

This self-governed student club uses business to improve the community. “It’s important for students to learn the significance of giving back,” said Alyssa Arinobu, a senior majoring in accounting. “Not only can students improve their skills, but they also learn how these skills can help better the community.”

“One of the programs that we’re most proud of is our Foster School Week of Service” said Simran Kaur, a senior majoring in information systems.  “This program rallies together Foster School student organizations to work with several charities across King County. For example, each year the Leadership Team volunteers at the Renton/Skyway Boys & Girls Club, where we work with young kids on business problems and also play games and have a fun time.”

Simran is also the president of the Leadership Team. “Students realize that they can make an impact in the community by participating in this week of service.” Last year, nearly 20 student organizations assisted 11 charities. “It is a fun and easy way for us to make time to meet people in different organizations and also make a difference.”

Each year, the Leadership Team also offers a Flagship Consulting Program (FCP), where members work as business consultants for local companies and nonprofit organizations. Charissa Chin, a senior studying marketing and international business, serves as the vice president of the Leadership Team. “The FCP provides students an opportunity to gain hands-on consulting experience and make a difference in a local company or non-profit organization. It’s a win-win.”

Through this program, the Leadership Team works with a different client each quarter of the academic year. “This fall, we’re working with Explorer West Middle School to help them increase their student enrollment. This includes evaluating the school’s public perception and recommending effective marketing methods to reach appropriate target markets.”

It’s through programs like these that students grow, and learn the importance of civic service. Learn more about how you can sponsor student programs.

Board Fellows: making an impact and growing managerial skills

Johnnie MobleyJohnnie Mobley discovered the UW Business and Economic Development Center Board Fellows Program during his second year as an evening MBA student. Mobley was looking for an opportunity to make an impact in his community, learn about the process of becoming a board member and develop his leadership potential. In 2010, the Rainier Chamber of Commerce selected him as their board fellow.

During his fellowship Mobley was able to acquire executive management experience by having a direct and hands-on impact on how programs operate and help mold a community. He adds, “If there was ever a time for creativity, it is when you are serving a non-profit organization. If you want to be creative and innovative, serving in a non-profit organization is the place for you because there are goals that need to be met and there are extremely limited resources. I think that anyone who wants to be in management and is looking to further their career should serve on a non-profit board because it is a place where you can see if you have what it takes to be in management.”

The UW BEDC Board Fellows Program has been an integral component of the UW Foster MBA experience for the last 12 years and since 2009 of the UW Evans Masters in Public Administration program. As a board fellow, graduate students are provided the opportunity to serve for one year as non-voting members of local non-profits’ board of directors.

Mobley graduated from the Foster MBA Program in 2012 and currently works for Boeing. Upon graduation from the Board Fellows Program he was officially invited to join the board of the Rainier Valley Chamber and is now serving as treasurer. The Board Fellows Program is supported by Wells Fargo Bank and UPS. Learn how to nominate a nonprofit to become part of the Board Fellows Program.

Building economic bridges in South Park

Since the South Park Bridge closed for renovation in 2010, Raymundo Olivas has felt shut off from the surrounding city, as if on an island. But he’s not on an island. Olivas does business in the South Park neighborhood of Seattle, a sliver of commercial and residential land wedged between the Duwamish River, I-509 and a green bluff rising to Highland Park.

The South Park bridge provided the primary access to the neighborhood’s commercial district. Since its closure, businesses have suffered.

Something had to be done. Olivas, a member of the South Park Retail Merchants Association (SPRMA), decided that the association needed to do more outreach to community businesses and customers. He contacted the UW Business and Economic Development Center and requested a team of student consultants to come up with a plan to bring customers and businesses to South Park.

Student Consulting ProgramThe BEDC Student Consulting Program helps small businesses grow while providing hands on consulting experience to students. All under the guidance of expert advisors like Parker Montgomery, a 2005 graduate of the Foster School and current candidate in the UW Masters in Public Administration program. While an undergrad, Parker was a student consultant with BEDC. He has mentored student teams for the past four years.

“I’ve learned a ton from the program about small businesses in the community,” he says.

Beginning in January 2012, Parker offered this experience to the student consulting group tasked with reviving small businesses in South Park.

The students developed a neighborhood plan to attract new businesses to South Park. They identified the area’s needs, zoning issues, and market power to encourage potential business investors to consider it a viable location for their businesses.

Among the neighborhood’s unmet needs was for a grocery store. Through their research, the BEDC students met the founders of Stockbox Neighborhood Grocery, second-place winners at the 2011 UW Business Plan Competition, who were considering opening their first permanent location in South Park.

In August Stockbox opened its store in South Park. Business has been good and the community has appreciated having access to fresh, healthy food in their neighborhood.

While businesses and customers are starting to come to South Park, the neighborhood is looking forward to the bridge reopening in early 2014. Until then, Olivas and the Retail Merchants Association will continue to encourage economic development in South Park.

Parker says an ideal career for him, after finishing his MPA, would be working in economic development in the community. It’s a virtuous cycle.

SunModo’s M.O.

The UW Minority Business of the Year Awards, launched in 1999, recognize outstanding achievement by minorities in building and sustaining businesses in Washington State. This year’s winner of the Southwest Washington Award is SunModo, a solar panel mounting company. The company was founded in 2009 by Tony Liu with the mission to provide the best value racking and mounting solutions for solar power systems.

SunModo Condo Project Liu, also the company’s president, brings over 20 years of product development and manufacturing experience to SunModo. Prior to founding SunModo, he served as the senior mechanical/thermal engineer at Intel and also worked for Danaher and Credence to develop electronic power supply systems for fighter jets.

SunModo has established itself as the provider of affordable, high-quality solar mounting products. The company excels at installing rooftop and ground mounted systems. One of their most successful product lines is their patented EZ roof mount systems, which accounted for over 50% of their sales in 2011.

SunModo has produced a number of improved solutions and new products for the market by leveraging their mechanical and structural engineering capabilities and working with major installation companies. Its competitive advantages include easier installation due to fewer parts and detailed guidelines, lower installation and maintenance costs, and the ability to quickly respond to the market’s and customers’ needs.

According to the Minority Business of the Year Awards selection committee, “SunModo understands the business they are in and has developed innovative products that differentiate them in the market.” They are located in Vancouver, WA and sell their products across the U.S. and are exploring expansion to Canada. They employ nine people and expect to earn $5 million in revenue in 2012.

UW Minority Business of the Year Awards is on December 6 from 5:30-8:30 p.m. at the Sheraton Hotel in Seattle. It is hosted by the Foster School’s Business and Economic Development Center. The awards program will highlight the impact of minority businesses on the state’s economy and support the growth of the next generation of minority entrepreneurs. Learn more about purchasing a ticket or sponsoring a table.

Grow smarter

Seattle Bagel BakeryAJ Ghambari, 2007 University of Washington Foster School of Business alumnus, has owned Seattle Bagel Bakery since October 2010. The previous owner was ready to give the business up in the midst of financial hardship and Ghambari took this opportunity to turn the bakery around. This summer, he enlisted the help of a student consultant through the Business & Economic Development Center’s (BEDC) Summer Internship Program to identify ways to strategically grow his business.

“I’m a big fan of the leadership at the BEDC. I want to surround myself with people I want to be like…They are good people doing positive things in the business environment,” said Ghambari. As an undergraduate studying at the Foster School, he “loved the opportunity to collaborate with small business owners, mentors…learning problem solving, consulting…real world stuff…the BEDC really gave that.” Ghambari wanted to play a role in getting students involved and applying their classroom knowledge to the real world.

Since taking over Seattle Bagel Bakery (SBB), Ghambari has continued to deliver a high quality product – “old school kettle-boiled bagels.” But it’s not only the product that is prospering; SBB prides itself on the relationships it builds with their suppliers, customers and employees. All the employees have been with the company from five to 15 years. “We instill a strong sense of ownership in our employees – they feel empowered to do what they’re good at. And that really comes out in the product.”

Ghambari said he hopes to double sales revenue of SBB in the next three to five years, and “not just to make a quick buck, but sustainable growth.” In order to do this, he emphasized how SBB needs to look at its strategy and how it is growing. “We need to grow smarter, not harder,” he said. The BEDC Summer Internship Program is providing this. Student consultant Cynthia Chiou has been creating a “clearer, more focused strategy on growing business outside of the state of Washington,” said Ghambari.

“Everything the student and BEDC said they would do, they have done…they walk the walk,” said Ghambari. He recommends this program for “any small business looking for mentoring and guidance, a second opinion. It’s a great group of people to bounce ideas off of.”

Twelve businesses participated in the summer intern consulting program. Learn more about the companies.

Architect Donald King: determined to build

Guest post by Rita Brogan, CEO of PRR

Architect Donald King has received much recognition for his lifetime achievements in his chosen field. He was elected an AIA Fellow in 2000 and, of approximately 2200 AIA Fellows, Mr. King is one of about 50 living African American fellows. His buildings have earned scores of national and local design awards. We see his work through the greater Seattle region—the Urban League at Colman School, the new and green Asian Counseling and Referral Service, transit centers, clinics, schools, libraries, public housing. His career has been satisfying and fulfilling as an architect and as an entrepreneur.

But his journey was not a path well-travelled.

Donald King knew he wanted to be an architect when he was only 12 years old, but “in the 1950’s and 1960’s it was hard to say you wanted to be an architect if you were young, black, working class and poor,” he said. Many people discouraged him from pursuing architecture, including his guidance counselor. “I overcame discouragement because of my stubbornness. Every time I was told I couldn’t be an architect, it would make me want to disprove that person. I was not the best student in high school, and I had to go to community college to get caught up and improve my GPA. Working full time and going to school part time, it took me 11 years from the time I started undergrad to complete college with my masters in architecture at UCLA.”

After moving to Seattle in 1980, it was very difficult for King to find work. Most firms were only interested in having him work on projects in the black community. He eventually obtained a position as principle architect for the non-profit Environmental Works Community Design Center. And it was because of the encouragement of Sea Mar Community Health Centers Executive Director Rogelio Riojas that he ventured forth in 1985 to start Donald King Architects (DKA).

After nearly 27 years, and over 400 projects, King has become known for his strengths as a planner, programmer, and designer, and noted especially for his collaborative design approach. Although primarily focused on community facilities, DKA has weathered several economic downturns by being flexible enough to move back and forth between public and private sector contracts. This last economic downturn has had the greatest impact because activity has slowed in both the public and private sectors, and competition is tighter. “The big firms got hit, and they have started moving into the markets that we have served.” Despite the success of DKA, King believes there is still a “glass ceiling” for black architects.

“Success can be a double-edged sword,” he notes. If you grow, you need to “feed the beast.” He advises minority entrepreneurs to understand that things are going to be a little more challenging than you might think. “You need to be flexible, ready for changes in the economy and market. You can’t rest on your laurels,” he said. “There are a lot of rewards, but you have to love what you do to sustain your commitment.”

Today Donald King is practicing his craft, working on an ownership transition for DKA, and teaching at the University of Hawaii. He is currently working with the university to set up a non-profit Community Design Center in Honolulu which will support community building needs in Hawaii’s low-income neighborhoods. Still not resting on his laurels, still stubborn, still serving the greater good.

Rita Brogan is the CEO of PRR, a public affairs and communications firm based in Seattle, one of Washington’s 50 largest minority-owned businesses. Brogan was a recent recipient of the Foster School’s Business and Economic Development Center Asian/Pacific Islander Business Leadership Award. She writes the BEDC Brogan blog series monthly. Previously, she covered green economy issues with an emphasis on ways that businesses owned by people of color or women can create a competitive advantage. Her current blog topic focus is on innovation.