Small Business Development Centers (SBDCs) play an essential role in the economic development of their states and local communities, according to a recently released report by the SBA. The report, produced by the National Small Business Development Center Advisory Board, focuses on SBDCs’ impact on small business access to SBA’s programs and services, including access to SBA capital, procurement, disaster and international trade programs.
“SBA’s Small Business Development Centers give new and growing small businesses the resources they need throughout the year to grow and create jobs,” said SBA Administrator Karen Mills. “The soundness of our economy depends on stable small businesses across the country and SBDCs are front and center helping entrepreneurs start, grow and expand their companies.”
The report confirms that the SBDC program remains an essential part of the SBA’s mission to help small businesses.
A key finding of the report is that SBDCs help local economies by improving the odds for startup small businesses. “SBDCs,” the report says, “are solely focused on creating and supporting small businesses which in turn pay taxes, provide employment and diversify the economic base for their states.”
The report also highlights the effectiveness of SBDC counseling in improving the chances of small businesses that are seeking credit.