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SWOSU Wins Small Business Champion Awards
April 1, 2009
The Southwestern Oklahoma State University Small Business Development Center at Weatherford will be recognized with two state and regional Small Business Champion Awards at an upcoming luncheon in Midwest City.
Doug Misak was chosen as the Financial Services Champion of the Year, and the SWOSU Small Business Development Center was selected as SBDC Service Excellence and Innovation Center of the Year.
Misak and the SWOSU SBDC, along with other award winners, will be recognized at an awards luncheon April 7 at the Rose State College Student Center in Midwest City. Oklahoma City Channel 5 TV anchor/reporter Darrielle Snipes will emcee the luncheon with special remarks from Lt. Gov. Jari Askins.
In addition to Misak, SWOSU SBDC Business Coordinator Mary Eichinger and Business Development Specialist Lisa Snider will be honored.
Misak is the director of the SWOSU Small Business Development Center, located within the Center for Economic and Business Development. Misak is known for his tenacity and untiring dedication to the cause of capital access for entrepreneurs of all walks of life, particularly the underserved. Misak has been able to assist aspiring small business borrowers from their first inquiries to providing on-going technical assistance which allows them to grow and prosper.
The SWOSU SBDC serves 15 counties in southwest Oklahoma. Misak's extensive outreach in southwest Oklahoma promoting the SBA Express Lenders Program to local banks resulted in their signing on for active participation. Through his efforts, small businesses are able to achieve funding from local banks. During the past two years, Misak has generated several loans valued at over $7 million and generated 231 jobs.
Misak has over 20 years of business experience in retail business, oil field, healthcare and construction industries. Past work experience for Misak also includes economic development for Oklahoma communities.
The SWOSU Small Business Development Center, with offices in Lawton and Weatherford, serves the 15 counties of southwest Oklahoma. These offices specialize in financial and veteran assistance. Nineteen percent of the clients served by the SWOSU SBDC are veterans and at least 45 percent of the clients served are minority.
In fiscal year 2007, SWOSU SBDC exceeded its goal of business startups by 132% and surpassed its capital formation goal by 468% by contributing more than $16 million to the economy in small business capital. The center has been successful in recruiting local lenders to participate in the SBA Community Express lending program and works closely with the Army Career and Alumni Program at Ft. Sill to provide small business training and education to veterans and their families.
SWOSU SBDC is involved in promoting the emerging NanoTechnology Industry by working with a start-up company, which now has signed agreements with Korea and Mexico for its products. The center counselors are very active in community development by working closely with area chambers of commerce, legislative officials and local, regional and statewide economic development organizations.
The SWOSU winners competed at the state level and then went on to compete regionally with winners from Arkansas, Louisiana, New Mexico and Texas.