Small Business Development Center Network
Purpose
This program facilitates the start-up, operation, and growth of businesses by serving as a first-point and continuing contact through business counseling and group training to those that are interested in starting or expanding a small business in Minnesota.
Customers and Services
Services are available to Minnesota businesses and aspiring entrepreneurs. Counseling and training on a wide variety of business issues such as business planning, marketing, financing, and general business operations are provided through a network of 34 Small Business Development Centers (SBDCs) and outreach locations. SBDCs are located primarily at state colleges and university campuses. Counseling services are available at no cost to for-profit businesses that meet the U.S. Small Business Administration's standards for size and business type. Per program regulations, SBDCs exist to assist for-profit businesses, but they do assist nonprofits and communities with economic development projects on a case-by-case basis.
Measures - Reporting period is state fiscal year (SFY), July 1 - June 30
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SFY 2007
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SFY 2008
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SFY 2009
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Number of aspiring and existing businesses served
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3,433
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3,236
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3,252
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Number of professional consulting hours delivered
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35,958
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34,987
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33,460
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Percentage of customers who would recommend SBDCs to others
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93.5%
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94.7%
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96.4%
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Funding Source and Expenditure (in thousands)
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SFY 2007
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SFY 2008
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SFY 2009
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Federal Fund
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$1,379
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$1,295
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$1,537
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General Fund
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$661
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$445
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$639
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Statutory Authority
-- Minn. Stat., Chap. 116J.68; U.S. Code, Title 15, Chap. 14A, Sec. 648
Contact Information
Michael Myhre, Director
Phone: 651.259.7423 or toll-free: 877.653.8333; TTY: 651.296.3900
This information current as of January 2010.