SBDC Grassroots Services Assist Over 1,490 Entrepreneurs FY 2012
The Wyoming Small Business Development Center network (SBDC) consulted with 1,496 entrepreneurs in FY 2012, resulting in more than $10 million in loans and private equity being injected into Wyoming’s economy. In FY 2012, the network helped create or retain 990 Wyoming jobs. Overall, the SBDC surpassed its SBA goals for job creation, job retention, new business start-ups, and capital infusion
“These have been challenging economic times for Wyoming, and the SBDC has been a strategic partner helping small companies rebound,” said Steve Despain, SBA Wyoming District Director. “The network is committed to providing grassroots counseling and training services so that Wyoming small businesses earn a profit and hire more workers.”
Last year, the SBDC was awarded a grant of $325,000 from the Small Business Jobs Act Bill. The network continues to utilize these funds to provide training and individual consulting for Wyoming businesses. The grant funds resulted in the SBDC being able to offer additional services at no or low cost.
Jill Kline, SBDC State Director says, “The centers are phenomenal in moving businesses in the right direction and improving Wyoming’s economy - one business at a time.” As of September 30, 2012, 121 Wyoming businesses have participated in one of nine special projects, including: Drug-free Workplace Policy Development and Implementation, Hiring Your First Employee and other HR topics, Profit Mastery: Understand and Manage Your Financial Resources to Survive and Succeed, Virtual Women’s Business Conference, Sustainable Business Practices, and Exporting. Most of these opportunities are still available to Wyoming entrepreneurs.
The SBDC collaborates with other entities supporting small business. For example, the SBDC office in Powell is part of a coalition that includes the Northwest College Center for Training and Development, Forward Cody, the Wyoming. Business Council, University of Wyoming Extension, Wyoming Department of Workforce Services, the Cody Country Chamber of Commerce and several local businesses that presents the “Business Boot Camp.” The coalition is in its third year. The 7-session course teaches new and current entrepreneurs about business planning and operations. Participation averages 25 students per session from the Park County area. This training model is being rolled out in Cheyenne and considered for implementation in other communities.
The Wyoming SBDC has seven locations throughout the state that assist current and prospective small business owners. The local centers offer a wide range of information designed to meet the needs of small businesses, including individual consulting, technical assistance, and training in areas related to business start-up, operations, and management.
The SBDC is funded in part through a cooperative agreement with the U.S. Small Business Administration. Additional support is provided by the Wyoming Business Council, and the University of Wyoming.
To find the SBDC office near you, call the Wyoming Small Business Development Center Network at 307-766-3505 or in Wyoming 800-348-5194. Email us at: email@example.com