CLARKSTON – Charles ?Fritz? Spademan, a colorful Oakland County business figure who advocates aggressive private sector and public sector support of new business formation, has appointed new presidents for two economic growth organizations he co-founded ? The Money Finders and the Entrepreneur & Investor Exchange. Spademan remains chairman of both groups.
?It?s wonderful for our clients that both organizations will be led by men whose skills and scope of experience would qualify them for ranking positions in corporate America,? he said.
Spademan has named Charles Townsend president of The Money Finders, a group of registered investment advisors licensed by the State of Michigan. These investment advisors work in teams to locate capital for Michigan-based entrepreneurs. Townsend was a vice president of The Money Finders. As president, he will supervise services offered to MFI clients such as project qualification and management, business plan counseling, pro forma development and funding source locating.
Bruce Brogan becomes president of the Entrepreneur & Investor Exchange, an affiliate of MFI. The E&I Exchange hosts a monthly forum at the Fox and Hounds restaurant in Bloomfield Hills. There, pre-qualified entrepreneurs ?showcase? their business plans and explain their funding needs to an audience of prospective investors, potential strategic partners, counselors and professional service providers.
Entrepreneurs come to The Money Finders and attend its monthly E&I Exchange forums looking for help in funding new or expanding businesses that offer everything from self-propelled surfboards, to RFID business asset tracking systems, to advanced x-ray surgical instruments. The monthly forum includes time for networking, and offers tabletop exhibit space for displaying new products and services. In addition, the E&I Exchange develops and hosts workshops covering key aspects of new business creation and strategic decision-making.?
?Nothing with return-on-investment potential is beyond our purview,? Spademan said. ?One recent effort involved a young couple who produce horror films for a fast-expanding direct-to-video marketplace. Their business may sound goofy, but their investors are being well-rewarded!
?What will it take to cure Michigan?s economic malaise?? Spademan asked. ?A big dose of Vitamin C – capital ? to help small, aspiring businesses grow into strong and healthy ones right here in Michigan, not somewhere else. Michigan?s entrepreneurs have vision. They know how to innovate. ?C? is the missing ingredient in our business growth formula. My colleagues try to help Michigan entrepreneurs get their Vitamin C!?
For more information, click on EntrepreneurInvestorExchange.Com
