Budco's President and CEO Honored with Entrepreneurial Award
2 July 1999
Budco's President and CEO Honored with Entrepreneurial Award By Michigan Business CommunityBudco Recognized for Operating Growth and Commitment To Urban Development DETROIT, July 2 -- Michigan business leaders honored William "Bud" Brian, President and CEO, Budco, as one of 10 winners at the 1999 Michigan Entrepreneur of the Year awards ceremony held last month in Dearborn. Brian's achievements matched the annual competition's nomination criteria: Outstanding entrepreneurs who make significant contributions to social and community efforts as well as increase their revenue during a two-year period. Categories of the competition included Financial Services, Technology, Manufacturing and Service. Brian, the winner of the Service category, operates the $46 million Detroit-based marketing firm, Budco. Known as the "dialogue company," Budco helps corporations build communication with their customers. The firm executes dialogue with its in-house marketing resources through printing, teleservicing, creative services and information technologies. "On behalf of the entire Budco family, we're honored to accept this prestigious award," said Brian. "Recognition like this gives us the incentive to continue focusing on what we do best: provide first-class marketing products and services for corporations who value dialogue with their customers." While reviewing more than 100 nominations, judges considered each organization's financial growth, growth in number of employees, the story behind the success of the entrepreneur and the unique characteristics that set the entrepreneur apart from competitors. "What differentiates us from our competitors is our ability to produce all of our products and services in-house," said Brian. Also differentiating Budco is its mission to create employment opportunities for inner-city residents. More than 50 percent of Budco 700 employees currently reside in Detroit. "Budco was never only about making money," said Brian. "The real driver has been the desire to create jobs because of the important role they play in peoples' lives. Business is ultimately responsible, not the government, to contribute to the vitality of our communities and cities through jobs." From 1996 to 1998, Budco sales soared from $26 to $46 million. Through product expansion and acquisitions, the company predicts its revenue will continue to grow during the next five years. Brian serves numerous Detroit organizations, including the Detroit Economic Growth Corporation, Detroit Area Pre-College Engineering Program and Downtown Detroit, Inc., as a member of its Board of Directors. Founded in 1989 by Ernst & Young L.L.P., the Michigan Entrepreneur of the Year awards program is nationally sponsored by USA Today, the Nasdaq-Amex Market Group, CNN and CNNfn and the Kauffman Center for Entrepreneurial Leadership. Michigan sponsors include Crain's Detroit Business, Comerica Bank, Dykema Gossett P.L.L.C., American Eagle/American Airlines and the Grand Rapids Business Journal. Budco is a Detroit-based marketing firm that helps corporations build dialogue with their customers. Founded in 1982, the company is dedicated to creating employment opportunities for individuals residing in urban environments. With 1998 sales of $46 million, Budco's clients include Ford Motor Co., DaimlerChrysler AG, Ameritech, Health Alliance Plan and Walt Disney Co. This release and other information about Budco are available for viewing and downloading at Budco's website at http://www.budco.com.