The Virginia Small Business Development Center (VSBDC) announced that it exceeded all of its goals for the pandemic year from April 1, 2020, to March 31, 2021. The goals included the number of unique customers served, capital formation, and jobs supported. During this period, the VSBDC served 5,745 unique customers, delivered 10,496 counseling hours, and achieved over $44 million in capital formation. The center also surpassed its unique customer service goal for both the calendar year 2020 and the fiscal year from October 1, 2020, to September 30, 2021, reaching 149% and 112% of the set targets respectively. The VSBDC team’s success is attributed to their dedicated response to the pandemic’s impact on small businesses.
Virginia SBDC Exceeds Goals for Pandemic Year
The Virginia Small Business Development Center reported that they exceeded all goals for the pandemic year of April 1, 2020, to March 31, 2021. The regional teams surpassed all estimates for unique customers served, capital formation, and jobs supported. Jody Keenan, State Director for the Virginia SBDC Network, released the data to the regional SBDC directors in early April.
Efforts and Response to the Pandemic
Jim Carroll, Executive Director SBDC of Hampton Roads stated, “while the staff of both the Hampton Roads SBDC and the VSBDC Network put forth tremendous efforts to assist our small business community, it was done in response to the very real and present dangers the pandemic presented our clients on both a personal and professional level. To do any less would be akin to dereliction of our duty and responsibilities.”
Impact and Numbers
During the pandemic, the numbers released show the Virginia SBDC served 5,745 unique customers, delivered 10,496 counseling hours, and reached $44,087,863 in capital formation.
Goals Achieved for Calendar and Fiscal Year
For the Calendar Year January 1 through December 31, 2020, the Virginia SBDC teams reached 149% of their unique customer served goal, helping 8,141 people. For the fiscal year October 1, 2020, to September 30, 2021, the Virginia SBDC teams have already reached 112% of unique customers served’s goal.
If you are looking for assistance for your business you can contact the Hampton Roads SBDC by going to their website, https://www.hrsbdc.org/en/
Question & Answer
1. What goals did the Virginia Small Business Development Center (VSBDC) exceed for the pandemic year?
During the pandemic year from April 1, 2020, to March 31, 2021, the VSBDC exceeded goals for the number of unique customers served, capital formation, and jobs supported.
2. How many unique customers did the VSBDC serve during the pandemic year?
The VSBDC served 5,745 unique customers during the pandemic year from April 1, 2020, to March 31, 2021.
3. What percentage of the unique customer service goal did the VSBDC reach for the calendar year 2020?
For the calendar year 2020, the VSBDC reached 149% of the unique customer service goal, assisting 8,141 people.
