Your Guiding Light

2022 ANNUAL REPORT

2022 ANNUAL REPORT

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Our latest

results

AMERICA'S SBDCS ARE THE

Leaders

In Job creation and measurable economic results
The United States government invested . . .
$133.5
MILLION
IN FEDERAL APPROPRIATIONS FOR THE SBDC PROGRAM IN 2020
This generated . . .

$188.71 Million

IN FEDERAL REVENUE

For every federal dollar spent . . .
ON THE SBDC PROGRAM, SBDC SERVICES GENERATED...

$1.41

IN FEDERAL REVENUE
This federal investment also generated . . .

$367.22 MILLION

IN STATE REVENUE

For every federal dollar spent . . .
ON THE SBDC PROGRAM, SBDC SERVICES GENERATED...

$2.75

IN STATE REVENUES
For every federal dollar spent . . .
ON THE SBDC PROGRAM, SBDC clients were able to access...

$44.87

IN NEW CAPITAL TO HELP THEIR BUSINESSES GROW

SBDC clients generated . . .

$7.6 billion

IN SALES

$100,000

in sales every 7 minutes

SBDCs helped their clients access . . .

$6 billion

In financing

$100,000

IN FINANCING every

8.8 minutes

SBDCs helped create . . .
71,399
NEW JOBS

A NEW JOB CREATED EVERY

7.4 MinuTES

New business starts . . .
72.6%
OF SBDC CLIENTS START NEW BUSINESSES
69%
of SBDC Clients start a new business within a year of working with their local SBDC
18,691
SBDC CLIENTS STARTED NEW BUSINESSES between 2019-2020

A NEW BUSINESS CREATED EVERY

28 MINUTES

Guiding America's key demographics . . .

51%

OF CONSULTING CLIENTS ARE WOMEN

28%

OF CLIENTS ARE MINORITIES

6%

OF CLIENTS ARE VETERANS

Customer-driven, quality + exemplary service
88%
OF SBDC CLIENTS FIND SBDC SERVICES BENEFICIAL
95%
OF SBDC CLIENTS RECOMMEND SBDC SERVICES
4.45
OUT OF 5 STARS:AVERAGE SBDC RATING BY CLIENTS
America's SBDCs
appreciate your support
as we continue serving our communities
See what SBDCs are doing in your region
Then contact your local SBDC and show your support
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source of statistics

1. “Economic Impact of Small Business Development Center Counseling Activities in the United States: 2019-2020,” by Professor James. J. Chrisman of Mississippi State University. (This report assesses the economic impact of long-term SBDC counseling activities. Long-term clients are defined as those who received a minimum of five hours of counseling assistance from the SBDC.)

2. U.S. Small Business Administration

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