KBTX - Money - Headlines

Blinn's Support For Small Businesses Netted $3.67 Million In Loans Last Year

Blinn College’s Small Business Development Center (SBDC) helped local companies secure $3.67 million in funding during the last fiscal
year.

The SBDC assisted 267 small business clients throughout its service region in Washington, Colorado and Austin counties, and helped in the creation of 167 new jobs and the launch of more than a dozen companies.

“We help businesses become established, grow, survive and succeed by providing professional management consulting and training, resulting in measurable economic outcomes,” said Blinn SBDC Director Matthew Wehring. “We significantly reduce the failure rate of small business in our area and significantly improve their ability to generate profits.”

The release of the SBDC’s latest fiscal report coincides with the release of a national report from the U.S. Small Business Administration (SBA). That report, “The SBDC Program: An Indespensible Partner in America’s Economic Development,” found that SBDCs across the nation aid small businesses because of their close associations with:
-other SBA resource partners, small business assistance programs and service providers.
-universities and community colleges.
-private enterprise and local nonprofit economic development organizations.

A key finding of the SBA’s report is that SBDCs help local economies by improving the odds for startup small businesses.

“SBDCs,” the report says, “are solely focused on creating and supporting small businesses which in turn pay taxes, provide employment and diversify the economic base for their states. The businesses that work with the SBDCs are the job creators and enterprises that have the potential for survival and growth.”

Last year, more than 557,000 entrepreneurs received business advice and technical assistance through SBDC programs across the nation. In their 30-year history, SBDCs have assisted millions of small business owners and entrepreneurs to successfully start and grow small firms by fostering entrepreneurship and growth through innovation and efficiency.

For more information about free and confidential business consulting services from Blinn’s SBDC, call 979-830-4137 or email sbdc@blinn.edu.


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