U.S. Small Business Administration Small Business Development Centers (SBDC ) Overview
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U.S. SMALL BUSINESS ADMINISTRATION SMALL BUSINESS DEVELOPMENT CENTERS (SBDC) OVERVIEW Small Business Act § 21. (a) (1) The Administration is authorized to make grants… to assist in establishing small business development centers MISSION Created in 1980 as a unique cooperative partnership through which federal, state and local government, the higher educational community, and the private sector could most effectively meet the business, education and management and technical assistance needs of current and prospective small business owners. Carroll Thomas, Associate Administrator SBA Office of Small Business Development Centers March 27, 2014
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U.S. Small Business Administration Small Business Development Centers (SBDC ) Overview. Small Business Act § 21. (a) (1) The Administration is authorized to make grants … to assist in establishing small business development centers MISSION - PowerPoint PPT Presentation
Transcript of U.S. Small Business Administration Small Business Development Centers (SBDC ) Overview
U.S. SMALL BUSINESS ADMINISTRATIONSMALL BUSINESS DEVELOPMENT
CENTERS (SBDC) OVERVIEWSmall Business Act
§ 21. (a) (1) The Administration is authorized to make grants…
to assist in establishing small business development centers
MISSION Created in 1980 as a unique cooperative partnership through which federal, state and
local government, the higher educational community, and the private sector could most effectively meet the business, education and management and technical assistance needs of current and
prospective small business owners.
Carroll Thomas, Associate AdministratorSBA Office of Small Business Development CentersMarch 27, 2014
Region 1Region 2Region 3Region 4Region 5Region 6Region 7Region 8Region 9
Region 10
Counseling SBA’s vast counseling and training bone-structure reaches all U.S. small businesses
SBA FootprintLegend
SBA District Offices (68)
U.S. Export Assistance Centers (19)
Small Business Development Centers (938)
SCORE Centers (356)
Women’s Business Centers (110)
Veterans Business Outreach Centers (16)
* Microlenders (199)
National Network
63 Lead Centers
940 Service Center Locations
4,200 Business Advisors and Trainers
Lead Center Host Organizations
48 Universities and Colleges
8 Community Colleges
7 State Governments
SBA Field Structure68 District offices20 Branch offices24 Alternate Work Sites
Carroll Thomas SBA SBDC 3/27/2014
SBDC APPROACH
Help entrepreneurs make informed decisions about starting a new venture
Assist existing businesses with growth and stabilization/survival strategies
Provide support via training, business counseling and access to online resources and tools
Carroll Thomas SBA SBDC 3/27/2014
SBDC APPROACH
Teachers and Coaches Assess Situations – Work with entrepreneurs to identify options
to solve problems and address identified needs– Development of Business Plans – Financial Packages– Credit Applications*– Contract Proposals– Strategic Planning– Marketing Plans
*Assess capital and cash flow needs Assist with development of a business plan, financial forecast, loan proposal, and
lender presentation Educate clients on financial ratios and lending criteria used by financial
institutions Connect the business owner with appropriate funding sources Post-funding consulting to maximize success and promote an ongoing strong
relationship with the bank or other funding source
Carroll Thomas SBA SBDC 3/27/2014
SBDC APPROACH
Strategic Business Planning
Financial Management
International Trade
Government Contracts
Commercialization (SBIR/STTR)
Exit Strategies and Business Valuation
Environmental and Energy Efficiency
Capital Acquisition
Competitor and Market Analysis
Carroll Thomas SBA SBDC 3/27/2014
• Technology designation may be given to SBDCs that have the knowledge and ability to advise small businesses in the science and technology fields or in high growth industries.
• Many other SBDCs without T designation also support technology commercialization
• SBTDCs support the Small Business Innovation Research and Small Business Technology Transfer research and development programs.
T is for Technology and a great place to collaboraTe
Grand Valley State University – Michigan SBTDC
Inter American University of Puerto Rico – Puerto Rico SBTDC
North Carolina State University – North Carolina SBTDC
Ohio Department of Development – Ohio SBTDC
University of Arkansas – Arkansas SBTDC
University of Maryland – Maryland SBTDC
University of Missouri – Missouri SBTDC
University of Pennsylvania – Pennsylvania SBTDC
Carroll Thomas SBA SBDC 3/27/2014
SBDC RESULTS – FY 2013• Counseled and trained 532,377 entrepreneurs of which
67,208 received more than five hours of business advisement
• According to a 3-year longitudinal impact study these clients receiving 5+ hours of advisement:
Report greater increases in revenues and profit margins
Retain more staff
Hire more employees
• Helped entrepreneurs create more than 14,294 new businesses
• Assisted small businesses in the acquisition of $4.5 billion in capital
Carroll Thomas SBA SBDC 3/27/2014
Questions
Thanks!!
Carroll ThomasAssociate AdministratorSBA Office of Small Business Development [email protected]
