In 2021, America’s Small Business Development Centers (SBDCs) have continued their critical role in supporting small businesses, particularly during challenging times such as the Covid-19 pandemic. The SBDC network provides vital resources to businesses in rural and underserved communities, contributing to local economies and building resilient communities. The SBDC success stories are impressive, with nearly 1,000 locations across the country generating significant economic results. In 2020, SBDCs helped create 91,767 jobs, resulted in $7 billion in sales growth, facilitated $6 billion in capital investments, and launched 20,374 new businesses. The annual report of America’s SBDC further highlights the breadth of their services, revealing that 95% of SBDC clients recommend their services.
Role of SBDCs in Supporting Small Businesses
Washington, D.C. – In these challenging times, America’s Small Business Development Centers (SBDCs) play a critical role in assuring the health of small businesses: helping them access capital needed for growth, navigating the uncertainty of the market, providing advice on compliance with government regulations, and being first responders when natural disaster requires intensive and long-term consulting.
Impact of SBDCs in 2021
In 2021, we want to bring your attention to how every SBDC network across the United States and its territories continues to help to build our communities by providing vital resources during the most critical of times. Whether the business is in an underserved or rural community, exporting, an accelerator, or women-owned or a small business in crisis due to the Covid-19 pandemic, SBDCs have stood up to their reputation to be steadfast and a pillar of support in each state and region.
Economic Results and Success Stories
With nearly 1,000 locations across the country, SBDCs are in every community providing local businesses and entrepreneurs with the resources need to succeed. America’s SBDCs provide measurable economic results, in 2020 SBDCs helped generate; 91,767 jobs, $7 billion in sales growth; $6 billion in capital investments; and started 20,374 new businesses proving once again, SBDCs are leaders in job creation and economic growth.
America’s SBDC Annual Report
“Our new virtual report beautifully articulates the depth and breadth of the SBDC Network, its services and the myriad of businesses they serve. When poring over the 500+ stories and anecdotes about SBDC clients and their success, it’s not surprising to learn that 95% of SBDC clients recommend SBDC services.” said Charles “Tee” Rowe, America’s SBDC President & CEO.
About America’s SBDC and Small Business Development Centers
About America’s SBDC and Small Business Development Centers: America’s SBDC represents the Nation’s 63 Small Business Development Centers, a national network of partnerships uniting higher education, state and local nonprofit economic development organizations, private enterprise and government. It is the Small Business Administration’s largest partnership program, providing management and technical assistance to help Americans start, run and grow their own businesses. Learn more at www.AmericasSBDC.org
Question & Answer
What role do SBDCs play in supporting small businesses?
In these challenging times, America’s Small Business Development Centers (SBDCs) play a critical role in assuring the health of small businesses: helping them access capital needed for growth, navigating the uncertainty of the market, providing advice on compliance with government regulations, and being first responders when natural disaster requires intensive and long-term consulting.
What impact have SBDCs had in 2021?
In 2021, SBDC networks across the United States and its territories continue to help build communities by providing vital resources during critical times. Whether the business is in an underserved or rural community, exporting, an accelerator, or women-owned or a small business in crisis due to the Covid-19 pandemic, SBDCs have stood up to their reputation to be steadfast and a pillar of support in each state and region.
What economic results and success stories have SBDCs achieved?
With nearly 1,000 locations across the country, SBDCs are in every community providing local businesses and entrepreneurs with the resources needed to succeed. In 2020, SBDCs helped generate 91,767 jobs, $7 billion in sales growth, $6 billion in capital investments, and started 20,374 new businesses proving once again, SBDCs are leaders in job creation and economic growth.
