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Pennsylvania SBDC Releases 2016 Impact Data on SBDC Day

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Today, the Pennsylvania Small Business Development Centers (SBDC) have released the results of their services to small business owners and aspiring entrepreneurs in 2016 as part of National SBDC Day. In 2016, the Pennsylvania SBDC network helped small businesses obtain $182,198,317 in new investment for their companies and grow sales…

Pennsylvania SBDC to Celebrate National SBDC Day on March 22, 2017

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The Pennsylvania Small Business Development Centers (SBDC) are preparing to celebrate the first SBDC Day on Wednesday, March 22, 2017. SBDC Day is a national movement to help share the small business success stories and notable impact SBDCs have fostered in communities nationwide.   Since 1980, the Pennsylvania SBDC has provided…

Gannon University SBDC Announces Keynote Speaker for the 10th Annual Women in Leadership Development (WILD) Conference

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Registration is now open for the 10th Annual Women in Leadership Development (WILD) Conference, hosted by the Gannon University Small Business Development Center (SBDC). The conference will be held on Wednesday, April 27, 2017 at The Ambassador Banquet and Conference Center in Erie.   This year’s keynote speaker is Atiya…

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.