AMERICA'S SBDC RELEASES ANNUAL REPORT HIGHLIGHTING ROBUST GROWTH AND SMALL BUSINESS IMPACT

National Network Highlights Success Stories, Economic Contributions, and Future Expansion

WASHINGTON, Feb. 10, 2025 /PRNewswire/ -- America's SBDC announced the release of its annual report, revealing the organization's continued success in driving economic growth, job creation, and entrepreneurial innovation across the United States. The report underscores the reach and effectiveness of the nationwide SBDC network, which supports thousands of existing businesses and aspiring entrepreneurs each year.

This year's theme is Unleashing National Impact, Igniting Local Transformation. The focus is how America's SBDCs empower small businesses nationwide while making profound differences in local communities.

Key Highlights from the Annual Report
(according to the most recent Chrisman Survey, which collected data from clients in 2002-2003)

• Record-Breaking Client Success: Assisted over 317,480 small businesses and entrepreneurs, creating 80,995 new jobs and 15,794 business starts.
• Impactful Access to Capital: Facilitated more than $6.6 Billion in capital/financing, helping owners secure loans, grants, and investor funding to launch and expand operations.
• Innovative Education & Training: Provided thousands of training workshops and webinars covering business planning, digital marketing, e-commerce, exporting, and financial management.
• Local and National Partnerships: Collaborated with federal agencies, state governments, local chambers of commerce, and corporate partners to expand small business resources, promote entrepreneurship, and strengthen economically challenged communities.
• Adaptation and Resilience: Continued to evolve in the face of economic challenges, supply chain resilience strategies, and digital transformation for small businesses.
• Client Satisfaction: 90% of SBDC clients find SBDC services beneficial, 96% of established business clients would recommend SBDC services, and clients gave SBDC advisors 4.5/5 stars.

"America's SBDC remains at the forefront of small business assistance and advocacy. We are immensely proud of our achievements this year. By combining expert guidance, proven tools, and a strong network of supportive partners, we continue to transform lives and communities." said Charles "Tee" Rowe, President and CEO of America's SDBC. "We look forward to building on this momentum by expanding our reach, embracing technology, and advocating for policies that empower small businesses."

In addition to highlighting the year's achievements, the Annual Report provides an in-depth look at new initiatives, including strategic partnerships with fintech organizations, increased outreach efforts in rural communities, and advanced online training platforms. Looking ahead, America's SBDC aims to broaden its impact.

The 2023 Annual Report, which includes client success stories, resource guides, and updated program details, is now available for download on America's SBDC website.

About America's SBDC
America's Small Business Development Center (America's SBDC) is a nationwide network of nearly 1,000 local centers providing no-cost, confidential business counseling, training, and research services to small businesses and aspiring entrepreneurs. Funded in part through a partnership with the U.S. Small Business Administration (SBA) and locally sponsored by educational institutions and state economic development agencies, America's SBDC helps small business owners create jobs, access capital, and foster innovation in their communities.

For more information and to access the full Annual Report, please visit: www.americassbdc.org

Media Contact:
Melissa Strain
Director of Marketing, America's SBDC
Phone: (703) 864-0844
Email: [email protected]

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SOURCE America's SBDC