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America's SBDC Annual Report Highlights

On February 10, 2025, America’s Small Business Development Center (America’s SBDC) published its annual report, which reflects the organization's ongoing commitment to fostering economic growth and entrepreneurship in the United States. Titled "Unleashing National Impact, Igniting Local Transformation," the report captures the significant role that SBDCs play in empowering small businesses and transforming local communities.

Key Achievements from the Year

The annual report emphasizes several remarkable statistics and initiatives:

1. Record Client Accomplishments: Over 317,480 small businesses and entrepreneurs were assisted this year. This support resulted in the creation of 80,995 new jobs and the launch of 15,794 new businesses.

2. Access to Capital: America's SBDC facilitated more than $6.6 billion in financing. Small business owners secured loans, grants, and investor funding essential for their operations, helping them to launch and grow their businesses.

3. Comprehensive Training: The organization provided extensive training through workshops and webinars covering topics like business planning, digital marketing, e-commerce, exporting, and financial management. This education is crucial for entrepreneurs looking to advance their businesses in a competitive landscape.

4. Strategic Partnerships: Collaborating with various stakeholders, including federal agencies, local chambers of commerce, and corporate partners, SBDCs have enhanced resources available for small businesses while reinforcing economically challenged communities.

5. Resilience and Adaptation: As small businesses navigated economic uncertainties, SBDCs focused on supply chain resilience strategies and digital transformation, ensuring that businesses could adapt and thrive despite challenges.

6. High Client Satisfaction: The report highlights strong client satisfaction levels, with 90% of SBDC clients finding the services useful, and an impressive 96% of established business clients recommending the services. Advisors were rated 4.5 out of 5 stars by clients, underscoring the quality of support provided.

Charles "Tee" Rowe, President and CEO of America’s SBDC, expressed pride in the organization's achievements, stating, "America's SBDC remains at the forefront of small business assistance and advocacy. We are immensely proud of our achievements this year. By combining expert guidance, proven tools, and a strong network of supportive partners, we continue to transform lives and communities."

Looking Ahead

The report not only reviews past accomplishments but also plans for the future, including new initiatives such as:

• - Partnerships with Fintech: Developing strategic partnerships with fintech companies to enhance access to financial resources for small business owners.
• - Rural Outreach: Increasing outreach efforts in rural communities, ensuring that support reaches underserved areas.
• - Advanced Online Training: Expanding online training platforms to provide accessible education for all entrepreneurs.

The 2023 Annual Report, rich with client success stories, resource guides, and detailed program updates, is now available for download on America’s SBDC’s official website. This report serves as a valuable resource for small businesses and aspirants aiming to thrive in today's economy.

For further details or to access the full Annual Report, please visit www.americassbdc.org.

America’s SBDC offers free, confidential business counseling, training, and research services, all aimed at supporting small business owners. Funded in part through partnerships with the U.S. Small Business Administration, SBDC centers help cultivate job growth, access to capital, and innovation in local communities across the nation.