UT, Manufacturing and Technology Small Business Center acknowledged

April 1, 2011 | News, UToday
By Sarah Ritenour



The University of Toledo’s Manufacturing and Technology Small Business Development Center received a performance award from the Ohio Department of Development recognizing its achievements in 2010.

The center received the 2010 Manufacturing and Technology Small Business Development Center Performance Award based on its record of counseling hours with businesses and having exceeded several goals, said Richard Hanson, director of the UT center.

Last year, the center helped to create 19 new jobs, while maintaining 1,265 jobs in the area. Among its successes is a $17 million sales increase in 2010.

Hosted by the UT Incubation Program, the development center provides assistance to small manufacturing and technology-based businesses in the area.

The mission of the Manufacturing and Technology Small Business Center is to help accelerate Ohio’s economy by helping people start, sustain and grow their manufacturing and technology businesses. Business startup planning, accounting system setup, budget and forecast planning, and website development are a few of the services the center offers.

The UT Incubation Program also includes the Clean and Alternative Energy Incubator, the Lab Incubation Center, Nitschke Commercialization Center and the Minority Business Development Center.

Last year alone, the UT Incubation Program and the Manufacturing and Technology Small Business Center served more than 90 companies that in return had a significant economic impact on the region, said Megan Reichert-Kral, UT director of incubation.

For more information, contact Hanson at 419.530.3858 or Reichert-Kral at 419.530.3805.