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Growing Solutions with Phospholutions

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Hunter Swisher founded Phospholutions in the spring of 2016 while still a student majoring in plant science at Penn State. In the fall of 2015 while taking a class, he learned about a soil additive that would help plants soak up nutrients more efficiently. This technology, developed by his professor, was…

Evolve Build: Wharton SBDC Programs Help Serial Entrepreneur Redefine Renewable Energy

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Michael Sebright loves to start and build businesses, literally. Through his company Energy Reconsidered and his partnership with Evolve Build, he continues to find new ways to conserve and renew energy in Greater Philadelphia.     Ironically, one of Mr. Sebright’s strengths that contribute to his success is his tolerance…

The Secret Tradition Continues: Santinoceto's Market

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Santinoceto’s Italian Market celebrated its grand opening on March 4, 2016. However, the Santinoceto family name is far from new to the Clearfield area. Nick Santinoceto’s grandparents, Joseph and Mary, opened an Italian market in 1931. Joseph passed away in 1959, but his wife kept the market open until 1984. Nick…

Pennsylvania SBDC Commends Governor Wolf’s Support of Small Business in FY 2017-18 Budget

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Governor Tom Wolf has proposed to continue services that enable entrepreneurs to start new companies and to help existing businesses overcome barriers to growth and success.  The FY 2017-2018 budget released by the Governor yesterday includes funding for the Pennsylvania Small Business Development Centers (SBDC) and its partners as part of the Partnerships for Regional Economic Performance (PREP) budget line item.

“The Pennsylvania SBDC network looks forward to working with Governor Wolf and the General Assembly to build Pennsylvania’s economy,” said Pennsylvania SBDC State Director Christian Conroy.

The state’s investment in the SBDC program is vital to supporting the network of 18 Small Business Development Centers that serve all 67 counties of the Commonwealth.  The nationally accredited SBDC program provides education, research and customized consulting to empower new and existing businesses.  The SBDC program is a public/private partnership with the U.S. Small Business Administration, the Pennsylvania Department of Community and Economic Development and the host universities.

In FY 2016, the Pennsylvania SBDC network contributed to the state’s economy through helping entrepreneurs raise $159,318,528 in start-up and growth capital, establish 531 new firms, and grow revenues by $480,951,592 which led to 3,129 jobs created and saved.  As a result, new taxes generated by this growth exceeded the investment in the program by a ratio of more than three to one.

“The economic growth we facilitate helps provide revenues to support the state’s budget,” notes Conroy.  

Since its inception in 1980, the Pennsylvania Small Business Development Centers has evolved into a network of 18 university and college-based centers and more than ninety outreach locations operating under the guidance of the Lead Office located at the University of Pennsylvania.