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Bucknell University SBDC Holds 2017 Celebration of Small Business

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On Friday, July 21, 2017 the Bucknell University SBDC held is annual Celebration of Small Business on Bucknell's campus in Lewisburg, Pennsylvania. During the breakfast, four awards were given to the following exemplary small business owners: InnovateHER Business Challenge Bucknell SBDC Regional Winner: Kaitlin Schuck, Threading Love, Recognizing her efforts and…

Want to Commercialize your Technology? Learn How at the 2017 SBIR Workshop in Villanova

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Are you a small business owner or an entrepreneur in the technology sector looking for opportunities to fund development of an innovative technology? If you want to commercialize your technology, The Small Business Innovation Research (SBIR) program can help.   As a highly competitive awards-based program, SBIR provides funding for innovators…

"Meet the Lenders" Event For Local Entrepreneurs Slated for October 5 in Philadelphia

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On October 5, 2017, the U.S. Small Business Administration’s Eastern Pennsylvania District will be participating in a lender outreach event hosted by SCORE. Together, they bring “Meet the Lenders” Borrowing Matchmaking, a networking event designed to connect small business owners and entrepreneurs with resource partners and lenders in an engaging…

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.