Retro Manufacturing gets big boost from Nevada small business grant
For more than a decade, Retro Manufacturing has been making modern radios for classic cars. All the new technology that they have in their daily driver, we can put in a radio that looks like it belongs in their car," said Steve Harrington, owner of the 12-year-old company.
Retro is a niche business, yes, but Harrington said his customers come from every corner of the world.
People like and feel comfortable with something they grew up with and the passion that happens in the U.S. happens all over the world.
Having potential customers all over the world is one thing - being able to reach those customers is another. That’s where the Nevada Governor’s Office of Economic Development has stepped in to help, with a small business grant aimed at helping companies grow not just in the regional market but internationally too.
The grants are used to expand their products or services - that could be through attending conventions, travel out to different countries, meeting with different folks that may be buying their products or services.
As it turns out, visiting customers across the country and abroad was exactly what Harrington planned to do with the grant when he applied three years ago. Today, he says the state’s investment has had a big impact on his small business.
Harrington said the grant has also allowed him to not only hire more employees but offer them more attractive packages.
According to the website, the state received $150,000 in federal dollars for the STEP grant program.To qualify for the grant, the small business must be based in Nevada and looking to enter or expand into export markets. More information about the grant can be found at DiversifyNevada.com.
Grocery shopping online vs at store: Which is the better deal?
When's the last time you went online to shop for groceries? Although it seems like a popular trend, a recent study found only 3% of U.S. grocery spending is done online.
"I can move through the grocery store really quickly,” says shopper Erin Chase. “I know where everything is, what I need. I have my little flow right."
Chase is the creator of the online website “5 Dollar Dinners.” She says shoppers are use to their traditional grocery stores and know exactly how to save.
Chase thinks it’s taking a little bit of time for the market to warm up to this and how it fits into their life.
She believes another reason online grocery shopping is not as popular might be because of the cost. There has been some hesitancy because it costs more, there is a minimum amount order required to get delivery and an additional cost for same day delivery.
People just can't justify the added cost long-term.
What will it take for companies like Walmart and Amazon to gain online grocery shoppers?
Anything they could do technology-wise to make it easier so shoppers just have to click, click, click, and grab the savings where they can.
Companies might have to re-imagine their website to make it more user-friendly, too. For now, shoppers choose between saving time or saving money.