SBA Deputy Administrator Tours Madison Small Business Owned by Young Entrepreneurs
Cascade Asset Management, started by young husband and wife team is growing and creating jobs
MADISON—U.S. Small Business Administration Deputy Administrator Marie Johns visited Madison on Thursday, December 1st, to tour Cascade Asset Management, owned by local young entrepreneurs, Neil and Jessica Peters-Michaud. Johns was in Wisconsin to meet with small business owners and to promote young entrepreneurship as a way to grow the economy and create jobs.
Cascade Asset Management, LLC works with companies and local governments to reuse and recycle electronics and IT equipment. They work with customers to dispose of surplus computers and other electronics through donation to charity, resale, or recycling and material recovery. In 2005 and 2007 Cascade Asset Management used two SBA loans to purchase land, build a new building, and later expand their operation. The two SBA loans helped Cascade Asset Management save 70 jobs and create an additional 30.
Johns also attended the SBA Young Entrepreneurs Series (YES) forum in Milwaukee later in the day. The YES event brought together young people to help get them the tools they need to start and grow businesses.