Innovative Learning Group relocated to a new home in Troy last week, a move that the firm believes will set the stage for growth.
"It affords us the ability to double or more than double in size," says Lisa Toenniges, CEO of
Innovative Learning Group.
Innovation Learning Group specializes in developing training and human performance improvement programs for businesses. It brands itself as a "performance-first learning company" that creates custom training and tools that help employees of companies do their jobs more effectively.
The company turned 12 years old on Tuesday and has registered an average annual compound growth of 16 percent during that time. Last year it hit 20 percent revenue growth and crossed the $5 million annual revenue growth milestone.
"Fifteen percent seems like a good goal year after year," Toenniges says. "That seems like steady, profitable growth."
That also means Innovative Learning Group has outgrown its home in downtown Royal Oak. That sent the firm searching for a new home a little more than a year ago. It found its new home and started work on it last spring. It moved into the new building at the same time it is rebranding itself.
The 10,000-square-foot building at 1130 Coolidge Highway is more than 2.5 times the size of its previous office, which will be occupied by local video post-production firm
DarkSpark.
"We found a building we love," Toenniges says. "It's in a great location. It’s central to our customers and our employees."
Innovative Learning Group plans to continue its steady growth streak for the next dozen years. To Toenniges such a controlled growth plan is smart way to go to ensure the firm's long-term viability.
"I don't have any desire to double overnight and live in chaos," Toenniges says.
Source: Lisa Toenniges, CEO of Innovative Learning Group
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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