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Local entrepreneur gets a boost from Small Business Development Center

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On an average day, Trina Worrell Benjamin handles invoices, returns calls and emails, directs a team of nearly a dozen employees and manages a client roster that has included big names like Rite Aid and Toys“R”Us. She admits her first steps into entrepreneurship were not easy. But with the help of…

Local entrepreneur gets a boost from Small Business Development Center

  • SBDC: Temple University SBDC
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Mega Impact! Pa Hits Jackpot with Investment in the SBDC

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The odds of winning the $540 million jackpot in today’s Mega Millions lottery drawing are 1 in 176 million. Small businesses that received assistance from the Pennsylvania Small Business Development Centers (SBDC) had about the same amount in sales -- $551 million.

According to the latest independent analysis of the Pennsylvania SBDC program, small businesses helped by the 18 university-based SBDCs in the state increased their sales more than half a billion dollars.

“The results from the SBDC program are not a lucky draw,” states Pennsylvania SBDC State Director Christian Conroy.

“The data from these studies found that each year the Commonwealth sees strong returns of new businesses started, new jobs created and new taxes generated as a direct result of SBDC service. An investment in the SBDC program is a wise investment,” said Conroy.

In addition to the $551 million in new sales, the Pennsylvania SBDC helped entrepreneurs start over 1,600 new companies, create more than 7,000 new jobs, and save an additional 7,000 jobs.

These growing companies are helping to replenish the Commonwealth’s budget, by generating $42.5 million in new state sales and personal income taxes. Another $21.5 million in personal income taxes went to the federal treasury as a result of these companies’ growth.

Further contributing to positive economic activity, the 9,334 companies assisted by the SBDC purchased $261 million worth of services from other businesses, extending the impact of their growth.

“The Pennsylvania SBDC program is a good investment for the Commonwealth and for our country,” said Conroy. “Beyond these numbers, the benefits are very real to thousands of families and communities that are enriched as these growing firms contribute jobs, critical services and new tax revenues.”