Partners get 'small business persons of the year' award
R.E.D. Stamp President and CEO Bruce D. DeBoer, CFO and Vice President James S. Rabourn, and Executive Vice President Robert L. Emaus, have been named the 2009 Michigan Small Business Persons of the Year by the U.S. Small Business Administration. The three men founded their Byron-Center based company in 1998 and have since grown to include 45 employees and annual revenues of $9.5 million.
DeBoer, Emaus, and Rabourn were working together for a wholesale grocery supplier, whose services included the application of tax stamps to the cigarette packs that were sold to its customers. DeBoer saw an opportunity to improve the stamping process and Rabourn and Emaus to join him as partners in a new business that would change the way cigarette packs were stamped. Rabourn Emaus DeBoer Inc. was established and later became better known by its acronym — R.E.D. Stamp, Inc.
Today, R.E.D. Stamp ships its equipment to 42 states. The company now occupies a 15,000-square-foot building and plans to purchase an even larger building to house its growing operations.
“Bruce, James, and Robert took a great idea for a better product and mixed it with hard work and a positive ‘can do’ attitude to make their dreams come true,” said Richard Temkin, SBA Michigan District Director. “This is what true entrepreneurship is and I am pleased to announce that they are the 2009 Michigan Small Business Persons of the Year.”
R.E.D. Stamp placed 35th on Entrepreneur Magazine’s Hot 500 list of American’s fastest-growing businesses in 2007. Last year it was ranked No. 30 in the Top 100 Manufacturing Companies by Inc. Magazine. The company also won a spot on the INC. 5000 list of the Fastest Growing Private Companies in America. The three men will receive their awards during the fifth annual Michigan Celebrates Small Business awards dinner at the Kellogg Hotel & Conference Center in East Lansing on April 30.