On Episode 544 of Impact Boom, Alex Hooke of Social Traders discusses how social enterprise certification helps government and corporates to invest in businesses driving community impact, and why entrepreneurs must avoid duplicating ideas and instead collaborate with fellow changemakers to spark change.

If you are a changemaker wanting to learn actionable steps to grow your organisations or level up your impact, don't miss out on this episode!

If you enjoyed this episode, then check out Episode 343 with Tara Anderson on social procurement and a branding campaign to grow the business for good movement -> https://bit.ly/4hDIKw1

The team who made this episode happen were:
Host: Tom Allen
Guest(s): Alex Hooke
Producer: Indio Myles

We invite you to join our community on Facebook, Twitter, LinkedIn or Instagram to stay up to date on the latest social innovation news and resources to help you turn ideas into impact. You'll also find us on all the major podcast streaming platforms, where you can also leave a review and provide feedback.

Episode 544 (2025) Alex Hooke On Social Procurement Growing Businesses For Good

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[Kim Bode / 8ThirtyFour Integrated Communications' spotlight, participant in SBAM's Women’s Entrepreneurial Fellowship] 
Chris Holman welcomes back Jane Mitchell, MAS, CEO/Owner Jungle Jane Promotions, Lansing, MI.

This is the fifth of five interviews in a series.
There were several questions Chris wanted to find out from Jane:

● What makes your business unique?
● What are the biggest things you’ve learned as a woman business owner?
● What have been some successes/challenges you’ve faced in your business? 
● Speak about being part of the Inaugural Women’s Entrepreneurial Fellowship 

Small Business Association of Michigan Foundation Announces Inaugural Women's Entrepreneurial Fellowship New Program Addresses Multiple Challenges for Second-Stage, Women-Owned Businesses

LANSING, Mich. – The SBAM Foundation (SBAMF), supported by its parent organization, the Small Business Association of Michigan, has launched its Women's Entrepreneurial Fellowship (WEF) program and chosen 11 businesses for the first cohort. The eight-month initiative will equip these second-stage, women-owned businesses with resources to overcome diverse challenges and scale their operations. Women-owned businesses are a vital part of Michigan's economy, representing 43.2% of the state's 902,131 small businesses—higher than the national average. Detroit, in particular, was ranked as the top U.S. metropolitan area for growth in women-owned businesses.

“The launch of the Women’s Entrepreneurial Fellowship is an exciting step toward ensuring that second-stage, women-owned businesses receive the targeted support they need to thrive, said Brian Calley, SBAM President & CEO. “This program will provide invaluable resources, from mentorship and business certifications to networking opportunities and access to capital, helping these entrepreneurs overcome the unique challenges they face.”

Qualifying businesses have more than one employee in addition to the owner, have been in operation for at least two years, and generate a minimum of $500,000 in annual revenue. Here are the businesses that were selected for the inaugural cohort: ● Eagle Specialties, LLC ● Elderly Instruments ● Fido & Stitch ● Groovy Donuts ● Jungle Jane Promotions ● Marshall Holding ● Neuco Furniture & Upholstery ● Pioneer Machine and Technology, Inc ● The Betty Brigade ● Winsome Travel Design ● Wolverine Pickleball

Recent data underscores the need for the support provided by this new program. Only 10% of women business owners report securing a small business loan, and women-owned businesses receive just 2.2% of all venture capital funding in the U.S. Operationally, 59% struggle with hiring and retaining qualified staff, while 80% face difficulties dealing with increased costs.

"Women-owned businesses in Michigan confront a multitude of challenges that hinder their growth potential," said Kim Bode, Program Director. "From financial constraints to operational difficulties, our fellowship is designed to address these issues comprehensively."

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● Monthly learning sessions on critical business topics

● Networking opportunities with investors and industry leaders

● Guidance on accessing capital and growth resources

● Support in obtaining relevant business certifications

● Specialized courses on financial management, marketing, and operational efficiency

"The Women's Entrepreneurial Fellowship addresses the unique challenges faced by women entrepreneurs in Michigan,” said Amy Rencher, Senior Vice President of Small Business Services at the Michigan Economic Development Corporation (MEDC). “Through its targeted $73 million investment, the Small Business Support Hubs program exemplifies our economic development strategy's commitment to fostering a diverse and inclusive business ecosystem across the state.

Michigan Business Beat | Jungle Jane Mitchell, Three Decade Evolving Entrepreneur SBAM Women Cohort

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The Home of Business in Michigan. Get on-demand access to audio programs, articles and resources presented by savvy business leaders and industry experts.

Impact Boom searches the globe to find the people, stories & inspiration to help you create maximum positive impact.

We interview world-leading social innovators, entrepreneurs, changemakers, designers, educators, thinkers and doers who share Insights, ideas & inspiration. As long as these leaders are focussing their efforts on creating positive social and environmental change, we'll make sure you hear about it.

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