Celebrating America’s Small Business Development Centers

Posted by Monty Henderson on March 19, 2018, in PCRD.

Did you know that there is a national service committed to the development of small businesses available to all citizens of the United States and her territories?  March 21, 2018 is America’s SBDC Day – A national proclamation of the impact of Small Business Development Centers (SBDCs) of our nation’s dreamers, innovators and doers – America’s small businesses.

Hosted by leading universities, colleges and state economic development agencies, and funded in part by the United States Congress through a partnership with the U.S. Small Business Administration, nearly 1,000 service centers are available to provide no-cost business consulting and low-cost training.

There are ten SBDC regions that cover all of Indiana’s 98 counties.  Sponsored state-wide by the Indiana Economic Development Corporation, four of the regions (Hoosier Heartland, Northwest, Northeast and Southeast) are hosted by Purdue University.  Hoosier Heartland and Southeast are specifically supported by the Purdue Center for Regional Development.

Small business owners and aspiring entrepreneurs can go to their local SBDCs for FREE face-to-face business consulting.  Indiana SBDC business advisors are professionally trained and are required to have backgrounds in small business or a comparable business support industry.  Many of them are (or have been) entrepreneurs themselves.  Most regularly attend the annual America’s SBDC conference to learn the newest trends in entrepreneurship.  The Indiana SBDC offers services to benefit start-up, new and existing businesses including (but not limited to):

  • Strategy
  • Market Research
  • Business Planning
  • Export Assistance (and International Trade)
  • Valuation
  • Accessing Capital
  • Regulatory Compliance

If you think the “small” in SBDC denotes tiny, then think again, as the Small Business Administration’s definition of “small” represents those businesses with generally less than 500 employees.  Indiana SBDCs are equipped with arguably one of the best tool boxes in the USA, complemented by a number of high-end databases, and the professional capacity to aid business growth at many levels.  The value that Indiana’s SBDC regions added to the state entrepreneurial scene in 2017 is represented by the 303 new business starts, $89.8 M of capital infusion, and 1,054 jobs that were created via the delivery of 19,334 counseling hours.  America’s and Indiana’s SBDC’s truly help entrepreneurs to start stronger, grow faster and work smarter.  Certainly this is something to celebrate!

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