Michael Jones, a business consultant with the Arkansas Small Business Technology and Development Center at the University of Arkansas at Monticello, recently was recognized for assisting Southeast Arkansas individuals and small businesses last year in acquiring more than $4.9 million in small business loans and more than $200,000 in contracts, according to an ASBTDC news release.
Jones, who joined the ASBTDC in 2014, was recognized by the Lead Center, University of Arkansas at Little Rock, at its annual Spring Staff Conference on May 12, as a member of the $4 million club, according to the news release.
A Monticello native, Jones is a 1986 graduate of Monticello High School, holds a bachelor of science degree in accounting from UA-Pine Bluff, and is pursuing a master of business administration degree from Delta State University, which he hopes to complete next spring. Prior to coming to UAM, he worked as director of finance and administration for the non-profit Southeast Arkansas Community Action Corporation.
The Arkansas Small Business and Technology Development Center helps Arkansans fulfill their dreams of starting new businesses, buying existing businesses, expanding their business or commercializing their research or new technology. Centers are located at the University of Arkansas at Little Rock, Fayetteville, and Monticello as well as Arkansas State University, Southern Arkansas University, Arkansas Tech University, and Henderson University. Collectively, those centers helped clients across the state secure more than $65 million in loans and other capital for their business ventures.
In addition to assisting clients with small business loans, the ASBTDC offers market research, training workshops and seminars. Businesses assisted by the ASBTDC create more jobs and increase sales more than the average business in Arkansas, according to the news release. Citing a 2015 economic impact study, the ASBTDC said its clients increased their sales 24 percent more than the average business. ASBTDC consultants work one-on-one with clients and there is no charge for their consulting services.
For more information about the Arkansas Small Business Technology and Development Center at UAM call the center at (870) 460-1910 or email [email protected]