economic impact

our latest results

Small Business Assistance that Builds Your Community

The Leaders in Job Creation and Measurable Economic Results

Our nationwide network plays a critical role in the health of small businesses: helping access capital, providing advice on regulations, preparing for changes in the economy and technology, and responding when disaster strikes.

Return on Investment: Cost vs. Revenue generated

The U.S. government invested

$136.5 Million
In Federal Appropriation for the SBDC programs in FY 2022-23, which generated
$216.4m
in Federal Revenues
$327.2m
in State Revenues

Breaking it down by dollars:

For every Federal Dollar spent, our services generated

$23.91
in new capital to help their businesses grow, plus
$1.59
in Federal Revenues
$2.40
in State Revenues
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Sales Results:

Our clients generated

$6.6 billion
in sales, which equals
$100,000
in sales every 7.9 minutes

Sales Growth Increased for SBDC Clients:

More than double average sales!

Average annual sales growth for SBDC established business clients is high.

15.7%
SBDC established clients
6.2%
U.S. national average

Financing Results:

Our clients accessed

$6.49 billion
in financing, which equals
$100,000
every 8.1 minutes

Business Launch Stats:

New business creation

15,794
businesses started by SBDC pre-venture in-depth clients*
66.7%
started new businesses
33.3
a new business every 33.3 minutes

Jobs Creation Results:

New jobs

80,995
jobs created, which equals
a new job every
6.5
minutes

Client Satisfaction:

We rank high!

SBDC established business clients continually give high rankings to the services they receive.

90%
find SBDC services beneficial
96%
would recommend SBDC services
SBDC clients gave their SBDC advisors 4.5 out of 5 stars

Guiding America's key demographics:

Women, Veterans, Minorities

317,480 Total SBDC Clients Served:

54%
women
47.7%
minorities
7.5%
veterans
See what SBDCs are doing in your region
Then contact your local SBDC and show your support
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source of statistics

“Economic Impact of Small Business Development Center Counseling Activities in the United States: 2022-2023,” by Professor James. J. Chrisman of Mississippi State University. (This report assesses the economic impact of long-term SBDC counseling activities. Long-term clients are defined as those who received a minimum of five hours of counseling assistance from the SBDC.)

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