ANN ARBOR, Mich., June 7, 2013 /PRNewswire/ -- At its annual meeting, Ann Arbor SPARK detailed 2012 successes and its strategic plan for the coming year. It also presented the first annual Ann Arbor SPARK "Chairman Awards" for Volunteer Leader of the Year, Entrepreneurial Company and Project of the Year.
The organization reported that the companies it worked with in the last year created 628 new and retained 1135 jobs in the Ann Arbor region. Those companies also invested $148 million in the region's economy. Ann Arbor SPARK also helped 63 companies start up in the region.
"This past year was a banner year for Ann Arbor SPARK in terms of economic impact," said Paul Krutko, Ann Arbor SPARK president and CEO. "Ann Arbor SPARK's work helped attract companies like Barracuda to downtown and expand companies like Terumo and Lyons Consulting Group. Through business accelerator activities, Ann Arbor SPARK assisted entrepreneurs in getting on the right road to success from their company's formation, providing a solid foundation on which these businesses can grow. These companies are creating jobs and making investments in the region that ensure our long-term economic prosperity. "
Ann Arbor SPARK also detailed its strategic plan for the coming year. The plan, which is focused on business acceleration, growth, and talent, is a roadmap for the region's continued economic expansion. In the strategic plan, Ann Arbor SPARK commits to continuing to develop strong collaborative partnerships to deliver the services that businesses and those seeking employment in the region need now and long-term.
"Ann Arbor SPARK's strategic plan is focused on the areas where economic development efforts can drive broader progress throughout the region," said Tim Marshall, Ann Arbor SPARK board chair and president and CEO of Bank of Ann Arbor. "Through the activities in its strategic plan, Ann Arbor SPARK is affirming its commitment to working with its partners to address the region's most pressing economic challenges; addressing the needs of companies that want to grow and expand here and helping make connections between these businesses and job-seekers ensure the region's long-term economic success."
Three leadership awards were presented at Ann Arbor SPARK's annual meeting. Bhushan Kulkarni, chairman of GDI Infotech and CEO InfoReady Corp, received the Volunteer Leader of the Year award, which recognizes his passion for economic development and efforts to grow the local economy. Global automotive supplier Faurecia was awarded Project of the Year for its new Saline facility, where the company is creating significant jobs and investment in the region. Compendia Bioscience, which was acquired in 2012 by biotech company Life Technologies, was awarded entrepreneurial company of the year for its use of SPARK's services to grow from start-up to successful venture.
About Ann Arbor SPARK
Ann Arbor SPARK, a non-profit organization, is advancing the region by encouraging and supporting business acceleration, attraction and retention. The organization identifies and meets the needs of business at every stage, from start-ups to large organizations. Ann Arbor SPARK collaborates with business, academic, government, and community investor partners including the University of Michigan, Eastern Michigan University, Washtenaw Community College, Washtenaw County, Livingston County, Washtenaw County etcs/Michigan Works!, the City of Ann Arbor, Bank of Ann Arbor and the Michigan Economic Development Corporation. For more information, please call (734) 761-9317 or visit www.AnnArborUSA.org.
SOURCE Ann Arbor SPARK