Small Business Development Center Network - Annual Program Summary
Purpose
This
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
SFY 2005 |
SFY 2006 |
SFY 2007 |
|
| Number of customers (and hours) of SBDCs | 3,672 |
3,954 |
3,433 |
| Number of SBDC hours | 34,270 |
37,409 |
35,958 |
| Number of customers who would recommend SBDCs to others | 95.4% |
93% |
93.5% |
Funding Source and Allocation
This program received $3,219,000 from all funding sources, including approximately $550,000 annual state appropriations and $1,372,000 from the U.S. Small Business Administration for direct support of the SBDCs.
Statutory Authority
-- Minnesota Statutes, Chapter 116J.68
-- U.S. Code, Title 15, Chapter 14A, Section 648
Contact Information
Michael Myhre, Director
Phone: 651.259.7423 or toll-free: 877.653.8333;
TTY: 651.296.3900
E-mail: Michael.Myhre@state.mn.us
Website:
www.mnsbdc.com
This information current as of January 2008. For more information on DEED programs, see the State of Minnesota budget pages.