SBA Recognizes SBDC’s 35th Anniversary and Contributions to the Nation’s Small Businesses

Kentucky SBDC Network Recognized
Release Date: 
Thursday, September 10, 2015
Release Number: 
15-71
Contact: 
Michael Ashcraft (502) 582-5971

WASHINGTON – Administrator Maria Contreras-Sweet of the U.S. Small Business Administration (SBA) today commended the Small Business Development Center (SBDC) program, the largest SBA-supported counseling and training network, on its 35 years of service to the American people.

“Over the last 35 years, millions of entrepreneurs have been able to launch and grow their businesses because of the counseling they’ve received at Small Business Development Centers across the country,” said SBA Administrator Contreras-Sweet. “SBA is proud of the partnership we have with the SBDC's and the role we’ve played in helping to fund and shape the world’s largest and strongest network of advisors. SBDCs give us a competitive advantage in the global economy. They ensure the uncommon ingenuity and hard work of our small business owners is matched by their financial acumen and mastery of business fundamentals."

The SBDC network counseled more than 1.2 million clients from 2009 through 2014, fueled by $750 million in grants from the SBA. That has resulted in 82,000 new small businesses, access to $24 billion in capital, and $131 billion in small business revenue and sales.

SBDCs provide free counseling, as well as no-cost and low-cost educational programs, to small businesses and aspiring entrepreneurs through 63 lead SBDCs at more than 900 outreach locations, operating in every state, the District of Columbia, Guam, Puerto Rico, American Samoa and the U.S. Virgin Islands. A model of public-private partnership, the SBDCs are hosted by leading universities and state economic development agencies that work in cooperation with the SBA to provide services to small businesses. They help entrepreneurs realize their dreams of business ownership and aid existing businesses through consulting and training services. In fiscal year 2014, the SBDC program counseled and trained nearly 500,000 small business clients.

SBA Kentucky District Director Ralph Ross stated, “What amazes me about the Kentucky SBDC network is how it has adapted to the changing world of entrepreneurship. The Kentucky SBDC consultants have access to more tools to help entrepreneurs address marketing opportunities and challenges as well as financial databases to help business owners make more informed decisions. These consultants are bright people with a real passion for helping businesses.” 

The America’s SBDC (ASBDC) Network President Charles “Tee” Rowe added, “America’s small businesses are truly the engine of economic growth, and for 35 years, America’s SBDCs have been like spark plugs helping to keep that engine going.  SDBCs are driving small business growth by helping to create a new business every 33 minutes and a new job every seven minutes.”

Since its start, the SBDCs services have adapted to meet the changing needs of entrepreneurs and their expanding global presence.  They continue to help entrepreneurs achieve the American dream of business ownership.

Administrator Contreras-Sweet will deliver the closing keynote at the ASBDC conference in San Francisco this week. To learn more about the SBDC program or to locate an SBDC in Kentucky, visit www.sba.gov/sbdc or www.ksbdc.org.

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