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November 26, 2012

Blinn business center helped local businesses acquire more than $2 million in loans last year

Activities netted 25 new businesses and 74 new jobs

The Blinn College Small Business Development Center (SBDC) helped clients create 25 new businesses, 74 new jobs and aided small business owners in acquiring $2.05 million in new capital during the last fiscal year.

The SBDC’s latest fiscal report, covering Oct. 1, 2011 through Sept. 30, 2012, details the support Blinn’s small business center gave its 272 Washington, Colorado and Austin County clients.

“We help businesses in our area of service become established, grow, survive and succeed by providing professional management consulting and training,” said Blinn SBDC Director Matthew Wehring. “We significantly reduce the failure rate of small business in our area and significantly improve their ability to generate profits.”

Over the past two years, Blinn’s SBDC has helped its clients create 42 new businesses and 241 new jobs, and has helped them to acquire $5.72 million in loans.

The findings of the Blinn SBDC’s fiscal report coincide with a national report from the U.S. Small Business Administration. That report, “The SBDC Program: An Indespensible Partner in America’s Economic Development,” found that SBDCs across the nation aid small businesses because of their close associations with:

  • other SBA resource partners, small business assistance programs and service providers.
  • universities and community colleges.
  • private enterprise and local nonprofit economic development organizations.

A key finding of the SBA’s report is that SBDCs help local economies by improving the odds for startup small businesses.

“SBDCs,” the report says, “are solely focused on creating and supporting small businesses, which in turn pay taxes, provide employment and diversify the economic base for their states. The businesses that work with the SBDCs are the job creators and enterprises that have the potential for survival and growth.”

Last year, more than 557,000 entrepreneurs received business advice and technical assistance through SBDC programs across the nation.  In their 30-year history, SBDCs have assisted millions of small business owners and entrepreneurs to successfully start and grow small firms by fostering entrepreneurship and growth through innovation and efficiency.

The SBDC at Blinn College is a business consulting and training center that is part of the University of Houston Small Business Development Center Network, which serves 32 counties in Southeast Texas. The center provides free one-on-one consulting and low-cost training seminars.

For more information, visit www.blinn.edu/sbdc or call 979-830-4137.