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College Prep Lady Prepares High School Students for Post- Secondary Education in Central, PA

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Like all local heroes, and nascent entrepreneurs, Myra Blackwell successfully identified a business opportunity after listening to the needs and challenges in her community.  As a result, Myra Blackwell, also known as the “College Prep Lady”, began the courageous journey to create a new venture that aims to simplify the process…

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…

Research Finds Pennsylvania SBDC Have Large Impact on State’s Economy

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Increasingly it has been noted how important small businesses are to the nation’s economic recovery and for job growth. New research on small businesses in Pennsylvania backs up that claim.

According to a recently released independent study, the Pennsylvania Small Business Development Centers (SBDC) program helped entrepreneurs in 2010 start 1,604 new companies and to increase sales by more than half a billion dollars. This resulted in more than 7,000 new jobs created and an additional 7,000 jobs saved.

These growing companies are helping to replenish the Commonwealth’s coffers, by generating $42.5 million in new state sales and personal income taxes. Another $21.5 million in personal income taxes went to the federal treasury as a result of these companies’ growth.

Further contributing to positive economic activity, the 9,334 companies assisted by the SBDC purchased $261 million worth of services from other businesses, extending the impact of their growth.

“These results show the path to recovery for our Commonwealth – supporting small businesses and entrepreneurs with the education and resources they need to make smart growth decisions,” notes Christian Conroy, Pennsylvania SBDC State Director. “It’s a prudent approach. For every dollar invested in the SBDC, over $6 in new tax revenues are generated by our clients. These are the financial resources policy makers so desperately need to support other critical government functions.”

The research also found that the small businesses helped by the SBDC program are growing at rates far higher than other businesses in the state.

Sales grew at SBDC assisted companies at a rate of 12.9%, while the average firm saw sales rise by just 4.3%. Employment growth was even more pronounced for SBDC-assisted businesses: up 9.75% compared to zero percent growth for other companies.

Pennsylvania SBDC services also support high- growth businesses. This was highlighted as five of the 18 Pennsylvania companies on the Inc. 500 list contacted the Pennsylvania SBDC for business assistance. The Inc. 500 list recognizes the fastest growing privately held firms in the U.S. and on average, three SBDC clients make this prestigious list annually.

The Pennsylvania SBDC is part of a national network, with approximately 1,000 centers in all 50 states. In comparison to these other programs, the Pennsylvania SBDC stands out too, contributing more to the nation’s economy beyond the program’s proportionate size. The Pennsylvania program receives 4% of the federal funds that help to support the SBDC program. Yet, the results from the Pennsylvania program represents 7% of the national program’s total new business starts, 9% of client sales growth, 9% of new jobs created and 9% of new federal income taxes generated.

“Clearly, this program is a good value for the Commonwealth and for our country,” said Conroy. “Beyond these numbers, the benefits are very real to thousands of families and communities that are enriched as these growing firms contribute jobs, critical services and new tax revenues.”

Read more about Pennsylvania SBDC Impact.

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"For every dollar invested in the SBDC, over $6 in new tax revenues are generated by our clients" 

Christian Conroy 
Pennsylvania SBDC State Director

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SBDC Impact

Press Release (pdf)