PADT makes 100th Microloan through Kiva over 10 years

Today PADT hit a bit of a milestone, we gave out our 100th microloan over the past 10 years, to a guy named Roger Yester who makes adobe bricks in Peru.  Microloans are small loans, created by pooling bite-sized amounts of money from many people, given to individuals or small groups to help them with their business. It may be to buy raw materials to fulfil an order, as is the case with our 100th loan, or to buy inventory for a small store they operate out of stall in the local village.  The movement started as an alternative to high interest rate loans from predatory lenders and has grown as a way to fund people all over the world from every economic level.

We put $1000 into Kiva back in June of 2007, ten years ago.  (I like round numbers).  We added another $500 a few years later and have been reinvesting that same capital over and over again since.  This re-use of funds has lead to $7,900 lent across 100 loans. We have only had two defaults and have donated $935 to Kiva to cover overhead during that time.

The loans have gone to 50 different types of enterprises, mostly agricultural. We have helped buy breeding pigs and chickens in several countries, funded a new motorcycle for a taxi service in Cambodia, and backed a furniture maker in Mongolia.  Over the years PADT’s investments have supported 5 different beauty salons in Vietnam, Tanzania, Nigeria, Peru, and Jordan.  Our most common investment is in clothing sales with 8 different entrepreneurs backed for that industry.

We have even given loans to help families send their daughters to secondary school.

You can see some of our key loans and more statistics at:www.kiva.org/lender/padtinc.

If you think this sounds like something you, your family, or your company might like to do, sign up through this link and they add $25 to our loan pool when you make your first loan: www.kiva.org/lender/padtinc. 

 

 

Phoenix Business Journal: ​How technology can bring people together and bring down barriers

We talk about technology all the time and how it impacts our daily lives, good and bad.  “​How technology can bring people together and bring down barriers” takes a look at the social impact of technology when it comes to creating understanding and community.

Phoenix Business Journal: ​Does your business satisfy our need for community?

We spend all day at work.  Sometimes we spend more time with our co-workers than our some of our family members. Yet it can be a place where something is missing.  “Does your business satisfy our need for community?”  Check out this special Valentine’s post for some thoughts on building community at the office.

Press Release: PADT Co-founder and Principal, Eric Miller, Elected to Arizona Technology Council Board of Directors

PADT-Press-Release-IconWe are pleased to announce that PADT’s contribution to the technology community was recognized with the election of one of the owners to the Arizona Technology Council Board of Directors.  Please read the press release below to learn more.

This honor will allow us to increase our involvement with the Arizona Technology Council and help where we can to add even more value to this great orginization.  If you have any questions about the AZTC or how you can get more involved in the state’s dynamic technology community, contact us or come to our open house this Thursday (10/27/2016), Nerdtoberfest.

Official copies of the press release can be found in HTML and PDF.

Press Release:

PADT Co-founder and Principal, Eric Miller, Elected to Arizona Technology Council Board of Directors

PADT Brings Innovative Ideas and Experience to Help the Council Fulfill Its Goals of Advancing Arizona’s Technology Sector

TEMPE, Ariz., October 26, 2016 – Phoenix Analysis and Design Technologies (PADT), the Southwest’s largest provider of numerical simulation, product development and 3D Printing services and products, today announced its Co-founder and Principal, Eric Miller, has been elected to serve on the Arizona Technology Council’s Board of Directors for a three-year term.

eric-twitterMiller brings more than 30 years of technology industry experience to the Council’s existing world-class board, represented by 39 Arizona companies. He will serve in an advisory and fiduciary role by representing the interests of the state’s technology industries in the Council’s strategic planning and on-going operations.

“As engineers, we are all about things being value-added, and the Council has proved to be one of the most value-added organizations that we have worked with in the state,” said Miller. “We look forward to contributing to their outstanding efforts in STEM education, pro-technology legislation, building networks in the community, and serving as the focal point for this growing and critical business sector.”

PADT is actively involved in Arizona’s technology community and is represented on the steering committee of Arizona Technology Investors. The company also serves on numerous boards including BioAccel’s Council of Advisors and the President’s STEM Advisory Board of Grand Canyon University.

“PADT is a leader in Arizona’s technology sector and has demonstrated a track record of serving and advocating for our technology community,” said Steven G. Zylstra, president and CEO of the Arizona Technology Council. “The key lessons they’ve learned and knowledge of what it takes to grow a successful business will be valuable in helping the Council achieve its goals.”

About Phoenix Analysis and Design Technologies
Phoenix Analysis and Design Technologies, Inc. (PADT) is an engineering product and services company that focuses on helping customers who develop physical products by providing Numerical Simulation, Product Development, and Rapid Prototyping solutions. PADT’s worldwide reputation for technical excellence and experienced staff is based on its proven record of building long term win-win partnerships with vendors and customers. Since its establishment in 1994, companies have relied on PADT because “We Make Innovation Work.” With over 80 employees, PADT services customers from its headquarters at the Arizona State University Research Park in Tempe, Arizona, and from offices in Torrance, California, Littleton, Colorado, Albuquerque, New Mexico, and Murray, Utah, as well as through staff members located around the country. More information on PADT can be found at http://www.PADTINC.com.

About the Arizona Technology Council
The Arizona Technology Council is Arizona’s premier trade association for science and technology companies. Recognized as having a diverse professional business community, Council members work towards furthering the advancement of technology in Arizona through leadership, education, legislation and social action. The Arizona Technology Council offers numerous events, educational forums and business conferences that bring together leaders, managers, employees and visionaries to make an impact on the technology industry. These interactions contribute to the Council’s culture of growing member businesses and transforming technology in Arizona. To become a member or to learn more about the Arizona Technology Council, please visit http://www.aztechcouncil.org.

Media Contact
Alec Robertson
TechTHiNQ on behalf of PADT
585-281-6399
alec.robertson@techthinq.com
PADT Contact
Eric Miller
PADT, Inc.
Principal & Co-Owner
480.813.4884
eric.miller@padtinc.com

 

2013 Cleantech Open Launch

CleanTech Open LogoLast night was the kickoff gathering for the Rocky Mountain region of the Cleantech Open at the South Metro Denver Chamber of Commerce. It was a great gathering where all of the fantastic volunteers who run the event and provide mentoring get some much deserved recognition.

Cleantech-Open-2013-launch-denver-Eric-Miller
2013-Rocky-Mountain-Cleantech-Open-LaunchBetter yet, midnight was the official start for the 2013 Cleantech Open.  If you are involved in a Cleantech startup of any kind, or know someone who is, we strongly recommend that you apply to participate in this years competition. PADT is involved in a lot of startup organizations, accelerators, and incubators, and we have never seen an activity that adds so much value for their participants, giving those that make it through the process with a huge head start on success.

Apply here

Don’t know about the Cleantech Open? Here is a blurb from their website:

The Cleantech Open provides entrepreneurs and technologists the resources needed to launch and create successful and sustainable clean technology companies. We do this through our accelerator programs which provide participants with training, mentoring, infrastructure, relationships and funding opportunities to help grow them into world-class cleantech companies.

Since its inception in 2006, the Cleantech Open has awarded over $5 million in cash and services to support cleantech growth companies. The 727 participating companies in the Cleantech Open’s accelerator programs have raised more than $750 million in external capital.

They also have a great video from last years finals that explains the value of the whole competition:

PADT is very proud to be a regional sponsor and is looking forward to also volunteering throughout the year.

If you have any interest in joining those that are using technology and capitalism to solve the mound of energy and environmental problems that we face, consider getting involved in the Cleantech Open.  You will not regret it.

Local Involvement: PADT Leading Efforts to Improve Business Climate in Littleton, CO

PADT’s very own Norman Stucker is leading efforts through the South Metro Denver Chamber of Commerce to grow the business community in Littleton. Norman is heading up a commitee charged with creating coordination and synergy between businesses, non-profits, and local government.

This morning was the first community meeting for the committee. Speakers included a small graphic arts company owner, the director of the local YMCA, and the Littleton city manager. The messaclearly the same from everyone, that Littleton is “open for business”

PADT is very proud to have one of our employees play such an important role in the community.

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