America’s small businesses are the economic engines of our communities. They create two-thirds of net new jobs in the U.S. And, over half of all working Americans either own or work for a small business.
To recognize the enormous contributions of these businesses, each year the U. S. Small Business Administration (SBA) hosts National Small Business Week. It is an opportunity to pause and pay tribute to the men and women who are starting and growing companies that are transforming their industries. Registration is now open at http://www.nationalsmallbusinessweek.com.
The 2012 Small Business Week award winners here in region 10 come from a wide range of industries – everything from a technology company that provides cloud-based marketing solutions for healthcare companies to a motor sports manufacturing company that exports motorcycle clutches worldwide. No matter what industry they come from, or what business model they pursue, these companies, and many like them, are making important contributions to our local communities and the economy.
To make sure that more people learn about these and other successful small businesses, SBA recently launched a new video contest. To find out how to enter, small businesses can go to http://smallbizvid.challenge.gov and showcase their successful, SBA-assisted business by submitting a short video.
As we rebuild our economy, it is critical that small businesses are front and center. At the SBA, we are committed to making sure that all small businesses have the tools, resources and relationships they need to grow and hire more workers.
Al Youngwerth began designing a new automatic clutch in his spare time. As he progressed, he enlisted the help of Boise State University’s TechHelp and a local machine shop to develop the first prototype of his clutch. Within a very short period of time, Al had refined his prototype at which point he shared his success with a group of on-line motocross enthusiasts. The reception was overwhelming and in no time he had orders for 47 of his new “auto clutches” confirming his expectation for the demand for his new product. He started Rekluse Motor Sports in late 2002.
Fortunately, he had owned several small businesses in the past, thus making this sometimes daunting task very manageable. Immediately, Al hired his brother to assist in the manufacturing process as he quickly assembled the necessary equipment to go into production with his personal resources and conventional financing. As Rekluse began to generate revenue, Youngwerth obtained an SBA 7(a) loan to use as working capital. Rekluse has been building on their international sales since the firm’s inception. In addition to their innovative international marketing approach, Rekluse has taken advantage of SBA’s State Export Promotion Program offered through the Idaho Department of Commerce and the US Commercial Service’s Gold Key Matching Service.
Rekluse Motor Sports will be named the National Exporter of the Year at SBA’s National Small Business Week celebration in Washington D.C. in May.