SBDC Update

SBDC Small Business Clients Are

Succeeding

– Creating Jobs and Growing the Economy –

The Small Business Development Center (SBDC) at the University of North Florida is proud to be part on this succssful effort to help small businesses grow and prosper.

SBDC clients across the nation are growing their small businesses, starting new businesses, saving and creating jobs, and fueling the engine of economic prosperity.

In tough economic times, small business owners and aspiring entrepreneurs can go to their local SBDCs for free, face-to-face business consulting and at-cost training on writing business plans, accessing capital, marketing, regulatory compliance, international trade and more.

And it works. In partnership with Congress, SBA, the private sector, and the colleges, universities and state governments that manage SBDCs across the nation, America’s SBDC network helped in-depth* clients create an estimated 73,377 new jobs; save 93,449 jobs; start 12,763 businesses; obtain $3.3 billion in financing; and increase sales by $7.2 billion in 2007.

Click the Map for SBDC Success Stories Across the Nation

– More than 54% of all pre-venture SBDC in-depth clients started a business after receiving SBDC business consulting services between 2006 and 2007.

– Small businesses that benefited from in-depth SBDC assistance experienced more than 17 times the job growth of average businesses (14% compared to 0.8% for U.S. businesses in general) between 2006 and 2007.

– Every $1 spent on the SBDC network enabled small businesses to access $16.77 in new capital.

– Small businesses that benefitted from in-depth SBDC assistance experienced sales growth of 20.2% between 2006 and 2007 — compared to 5.2% for U.S. businesses in general.

– SBDC in-depth clients generated an estimated $2.86 in Federal and state tax revenues, as a result of economic growth, for each $1 spent on the SBDC program. In other words, the SBDC program generates more revenue from economic growth than it costs to run the SBDC program.

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* In-depth clients are those who receive five hours or more of SBDC business consulting services in a year.

Source of Statistics: SBA; and the “Economic Impact of Small Business Development Center Counseling Activities in the United States: 2006-2007,” by Professor James J. Chrisman of Mississippi State University.