America’s Small Business Development Centers (SBDCs), SBDC leaders, advisors, clients, partners, and stakeholders gathered on Capitol Hill for the fifth annual Client Showcase and Reception on Tuesday, February 12. Representative Steve Chabot of Ohio, Ranking Member of the Committee on Small Business, addressed the reception guests. Several of his colleagues also visited the reception, in which America’s SBDC Network showcased 11 SBDC clients from across the country.
The SBDC clients were Butter Cloth (California), Atlantic Models, Inc. (Florida), Nymbl Systems (Kentucky), Jordan Research and Development, LLC (Maryland), Inductive Intelligence LLC (Michigan), DogSpot (New York), Whites Energy Services, LLC (Oklahoma), Extremiti3D (South Carolina), Port City Brewing Company (Virginia), FLEXHIBIT (Washington), and JesterLine (West Virginia).
“America’s SBDCs are proud to play a critical role in the health of small businesses. The success of our clients is a sign of the shared hard work of our advisers and our clients. For almost 40 years, small businesses have been going to their local SBDCs, building relationships, and getting the training, financing and expertise they need to thrive,” said Charles “Tee” Rowe, President & CEO of America’s SBDC.
The 62 state and regional Small Business Development Center networks provide free one-on-one consulting to small businesses at nearly 1,000 locations. Job growth for SBDC clients is nearly 15.3%, compared to the national average of 1.3%, and SBDC client sales growth is nearly 4.3 times greater than sales growth for businesses in general.
According to data provided by the Small Business Administration (SBA), every federal dollar spent on the SBDC network helped small businesses access $47.98 in new capital. In 2017, SBDC clients started a new business every 35.7 minutes, created a new job every 5.6 minutes, and generated $100,000 in new sales every 7.5 minutes. America’s SBDCs are the nation’s proven, cost effective and accredited infrastructure focused on small businesses.
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