THE CEC'S IMPACT IN 2009
The Chicagoland Entrepreneurial Center (CEC) worked directly with 1,200 Chicagoland businesses in 2009 through its one-on-one services, programs and workshops. Of these, 150 were served specifically through the CEC’s one-on-one services. We are able to provide these services to clients through our relationship with the Illinois Department of Commerce and Economic Opportunity (DECO) as an Entrepreneurship Center.
Sales and client development services for CEC clients
- Total number of introductions made by the CEC: 1,650
- Average number of introductions to potential clients or partners each company received: 11
- Amount of new contracts secured through direct intervention by the CEC: $69 million
Financing services for CEC clients
- Number of companies that received financing services: 71
- Amount of debt and equity financing the CEC helped raise for clients: $25.5 million
- Average amount of financing raised for each CEC client: $360,000
Job creation and retention by CEC clients
- Number of jobs created through CEC efforts: 260
- Number of jobs retained through CEC efforts: 1,184
Grant dollars awarded
(Program is sponsored by DCEO)
- Number of EIR grants awarded to entrepreneurs: 5
- Amount of Entrepreneur in Residence grant dollars awarded to CEC clients: $438,000
- Number of matching grants awarded to entrepreneurs: 25
- Amount of matching grant dollars awarded to CEC clients: $131,000
CEC Client Growth Rates
- On average since 2007, CEC clients have seen see a 54% increase in revenue and a 57% increase in staff size in a 12-month period
Percentage of CEC clients that are women/minority-owned businesses: 57%
CEC client distribution by industry
- Technology: 43%
- Consumer Products: 24%
- Food and food services: 15%
- Business services: 18%
CEC client distribution by revenue
- 0 - $25,000: 15%
- $25,000 - $250,000: 26%
- $250,000 - $1 million: 34%
- $1 million - $5 million: 18%
- $5 million - $10 million: 7%
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