With constant budget cuts nationally and in our states, we think it's important for people to understand exactly what Small Business Development Centers do ..... and specifically what our South Carolina SBDCs do. We have a significant positive impact on the South Carolina economy, even in the worst of economic times. Read on for more information:
Who We Are:
The S.C. Small Business Development Center network (SBDC) is part of a national economic development program that helps start and grow small businesses in order to create jobs and revenue. The S.C. SBDC operates under a Cooperative Agreement between the U.S. Small Business Administration and a consortium of four host universities (USC, Clemson, Winthrop and South Carolina State).
How We Are Funded:
South Carolina’s SBDC is financed primarily by the U.S. Small Business Administration with additional support provided by state funds. The SBA requires a match for receipt of Federal funding. The state matching funds are necessary to keep the program in operation.
What We Do:
SBDC provides private management consulting services at no charge to small businesses statewide, as well as affordable educational programs targeted to the specific needs of entrepreneurs. These services directly result in job creation and retention, creation of new businesses, access to financing, increased sales and resulting taxes into the economy.
The S.C. SBDC provides specialized services that are not duplicated by the Department of Commerce, other SBA programs or other service providers.
Where We Are Located:
The South Carolina SBDC has 17 offices strategically located in both urban and rural communities throughout the state with 40 trained professionals who provide convenient, accessible services to all small businesses in any industry segment. The SBDC serves constituents in all 46 counties.
Our Five Year Results (2006 to 6/2011):
• Jobs created & retained: 6,304
• Government contract awards: More than $1 Billion
• Financing obtained: $815 million
• Businesses started: 506
• Small businesses served: 26,109
2010 Statewide Return on Investment: $89.2 million statewide *
In 2010, for every $1 invested by the state of South Carolina, over $5.85 are invested by the federal government, universities and local partners.
The SBDC collaborates with university partners to offer student instruction in entrepreneurship, finance and other courses relevant to small-business development. We also partner with organizations like the Manufacturing Extension Partnership (MEP), SC Launch, the Women’s Business Center, SCORE, local Chambers of Commerce, Department of Commerce and many others to provide a well rounded offering of complimentary services to our clients
* (2008 per capita personal income figures obtained from the U.S. Bureau of Economic Analysis at www.bea.gov/regional/rels)