Jandernoa to mentor entrepreneurs

December 28, 2009
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Mike Jandernoa, former chairman and CEO of Allegan drug-maker Perrigo Co. who went on to found Bridge Street Capital, announced Monday that he will launch a nonprofit to mentor small, successful start-up companies.

Jandernoa and his wife, Sue, plan to provide $100,000 to launch Jandernoa Entrepreneurial Mentoring, which will be modeled after the Helzberg Entrepreneurial Mentoring Program in Kansas City, Mo.

As many as 36 companies, with a minimum of $1 million in annual revenue and five employees, will receive mentoring services for three years, developing relationships with veteran and current business leaders. The “mentees” will be asked to contribute $3,500 per year.

In 2010, JEM plans to outline the application process for both mentors and “mentees,” provide training programs and establishing models for standards and communications.

Sixteen of the top 50 cities in the U.S. are seeing economic growth through the recession, according to CEOs for Cities, a national network of business leaders.

“The growing cities in today’s U.S. economy have a common thread of strong, locally based, diverse businesses, many with sales from $2 million to $15 million,” Jandernoa said in a written statement. “JEM’s goal is to help the CEOs running these businesses to grow even stronger and faster.”

Jandernoa, a former board member of the Michigan Economic Development Corp., is co-chair of Business Leaders for Michigan, a statewide group of CEOs dedicated to policy change for job growth.

Jandernoa intends to resign from “a number of community and civic board positions” to launch JEM.

For more information, send an e-mail to info@jandernoamentoring.org

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