This month marks the 35th anniversary of the Small Business Development Center (SBDC) program, the foremost small business assistance network in the United States. The SBDC program is hosted by educational institutions and state economic development agencies, and is financially supported partly by the United States Congress through the U.S. Small Business Administration (SBA).
With over 900 service centers nationwide, the SBDC network advised over 1.2 million entrepreneurs from 2009 to 2014. This counsel was fueled by $750 million in grants from the SBA and gave life to 82,000 new small businesses, obtained access to $24 billion in capital and generated $131 billion in sales and revenue.
In celebration of these ground-breaking 35 years, President of America’s SBDC Charles “Tee” Rowe affirmed, “America’s small businesses are truly the engine of economic growth, and for 35 years, America’s SBDCs have been like spark plugs helping to keep that engine going. SDBCs are driving small business growth by helping to create a new business every 33 minutes and a new job every seven minutes.”
Today, growth promoted by the SBDCs also leads to $100,000 in sales every four minutes and $100,000 in capital every 15 minutes.
Small business owners and entrepreneurs can visit their local SBDCs for free business consulting and low-cost business training. These consultations are geared to address everything from writing business plans to marketing strategies, and even international trade.
The SBDC program is conducting invaluable work for our country’s small business owners and our economy. Millions of entrepreneurs have been able to utilize SBDC resources to start successful businesses and transform their lives. You could be next! To learn more about the SBDC, or find your local center, please visit http://americassbdc.org/.
Hey SBDC, 35 looks great on you!