Impact

The most recent independent analysis¹ found that the Pennsylvania SBDCs had the following impact:

New Businesses Opened: 2,994 Cost per New Business Created: $3,349 Jobs Created: 10,794 Cost per New Job Created: $929 Client Firms’ Employment Growth Rate: 11.5% Client Firms’ New Sales: $1,303,431,870 Client Firms’ Sales Growth Rate: 27% Total Program Benefit to Cost Ratio: $10.61/$1 (Incremental taxes generated/total program funding) Federal Income Tax Generated: $34,994,887 State Sales & Income Taxes Generated: $71,412,858

This analysis does not capture other benefits of the SBDC program including:

• Continuing benefits to clients and tax revenues generated after the year studied.
• Other value-added programs the SBDCs offer, such as workshops.
• Value of personal assets preserved and business failures prevented because of SBDC assistance.
• Multiplier effects of a healthier small business sector.

While these annual results are impressive, the Pennsylvania SBDCs cumulative impact is even more impressive.

Since 1990 alone, the SBDCs have helped Pennsylvania entrepreneurs:

• Start more than 24,300 new businesses


• Create over 104,800 new jobs


• Obtain over $2.1 billion in start-up and expansion capital


• Expand Sales by $8.7 billion, including over $2.1 billion in government contracts and $1.3 billion in export sales.


• Generate more than $796 million in new tax revenues

Download a PDF of these statistics of the SBDC's impact and the long-term performance of SBDC-assisted start-ups

All impact data and figures are from independent analysis of the SBDC program in Pennsylvania in 2005 by Dr. James Chrisman of Mississippi State University.