Friday, February 10, 2012

SMG in the News: Cobo Center more than doubled revenue

From Crain's Business Detroit:

Cobo ended the 2011 fiscal year Sept. 30 with $7.6 million, compared with $3.6 million in 2010. The level of state and federal subsidies also dropped from $20 million in 2010 to $12.5 million in 2011.
[Patrick Bero, CEO and CFO of the Detroit Regional Convention Facility Authority] attributes the improved financial performance to the hiring of a professional management firm, West Conshohocken, Pa.-based SMG. The sales team has increased activity and negotiated more favorable vendor contracts.

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