2011 Annual Report
The Pennsylvania Small Business Development Centers (SBDC) network continues to make an impact across the Commonwealth by leveraging partnerships and maximizing funding available for its programs. Highlights of the 2011 funding cycle include:
- 794 clients reported buying or starting a business
- 2,917 jobs were created, with 4,093 jobs saved
- More than $179 million dollars of increased sales were reported by SBDC clients
- 10,187 individuals were educated during 595 seminars and workshops across the Commonwealth
- 61 percent of clients assisted were woman and jointly-owned firms; 22 percent counted themselves as minority firms
- More than $118 million dollars in start-up and expansion capital was raised
- 47 SBA-guaranteed loans and investments were approved totaling over $21 million dollars
- 327 non-SBA loans were approved, totaling in excess of $56 million dollars
- 18 businesses received Small Business Innovation Research/ Small Business Technology Transfer (SBIR/STTR) funding in amounts totaling more than one million dollars
In partnership with the U.S. Small Business Administration (SBA), the Commonwealth’s Department of Community and Economic Development (DCED), host institutions and partners, the Pennsylvania SBDC provided a total of 100,123 hours of no-fee management consulting to 7,085 clients. View the entire annual report for more details: