2010 Impact Study
New Businesses Opened: 1,604
Jobs Created: 7,108
New Sales: $551.4 million
State Taxes Generated: $42.5 million
Federal Taxes Generated: $21.5 million
Results on the impact of the Pennsylvania SBDC program are from an annual, independent analysis of the national SBDC network conducted by Dr. James Chrisman of Mississippi State University. For the study, all clients assisted by the Pennsylvania SBDC program in 2009 were surveyed on their achievements in 2010, the year following their SBDC engagement.
The conservative study only looks at firm performance for one year and does not consider the ongoing impact of the firms assisted by the SBDC. The study only includes federal income tax and state income and sales taxes generated. It does not include other tax revenue sources such as corporate taxes, local taxes, property taxes, unemployment taxes or social security payments.
The study also does not capture other benefits of the SBDC program including: continuing tax revenues of clients after the year studied; other value-added programs the SBDCs offer (e.g. educational programs); value of personal assets preserved and business failures prevented because of SBDC assistance; and multiplier effects of a healthier small business sector.
Economic Impact Of Small Business Development Center:
Please note: Data from the two reports is combined to create the aggregate 2010 impact figures.
Since its inception, the Pennsylvania Small Business Development Centers have provided over 2.5 million hours of consulting to more than 216,000 entrepreneurs and offered over 14,000 courses, workshops and seminars attended by 334,000 Pennsylvanians.
Pennsylvania SBDC services have helped small firms throughout the Commonwealth raise start-up and expansion capital, start new companies, and sell billions worth of Pennsylvania products and services throughout the world. As a result, SBDC clients have created thousands of new jobs and generated millions in new state income tax revenue.