SBDC has Major Impact on Local Business Community
The Larimer Small Business Development Center (SBDC) had a major impact on the local business community through its free, confidential one-on-one counseling in 2010. The center’s counselors worked with 431 clients on a variety of business related issues. The economic benefits are concrete.
The results of the 2005 counseling hours were:
- 197 jobs were created
- 69 jobs were retained
- $3,452,740 was invested in local businesses through loans and other sources
- $3,275,641 in increased sales were realized
- 57 businesses were started
Funded by the Small Business Association (SBA) and Front Range Community College, the Larimer SBDC works with existing and emerging business owners on their most pressing issues to help ease the burden of business ownership. These issues range from sales and marketing to loan application preparation and much more. The counselors working with the owners are current or former business owners themselves that understand the challenges of owning and growing a business.
The Larimer SBDC also offers training sessions on the most common business challenges. In 2010, 158 programs were offered and 1,161 people took advantage of the wealth of knowledge provided by the training session. Many new training sessions will be offered in 2011 targeting existing business owners.