The Small Business Development Center (SBDC) at Florida A&M University (FAMU) is a valuable resource for local entrepreneurs seeking to start, grow, or sustain their businesses. With a mission to provide quality consulting, training, and research services to the small business community, the SBDC has had a significant impact on the economic development of the Tallahassee region.
One of the primary ways the SBDC supports economic development is by helping local entrepreneurs navigate the complex landscape of business ownership. From developing business plans to securing funding, the SBDC provides entrepreneurs with the tools they need to be successful. This support is especially critical for women, minority, and veteran-owned businesses, which face unique challenges due to systemic barriers.
In addition to business consulting, the SBDC also offers a variety of training programs and workshops designed to equip entrepreneurs with the knowledge they need to thrive in an ever-changing business environment. From social media marketing to financial planning, these programs cover a diverse range of topics that are essential to business success.
The impact of the SBDC on the local economy is significant. According to a study by the Florida SBDC Network, in 2019 alone, the SBDC at FAMU helped to create 96 new businesses, retain 715 existing jobs, and generate over $21 million in sales. These figures demonstrate the critical role that the SBDC plays in supporting economic growth and development in the region.
Another key aspect of the SBDC’s impact on the local economy is its partnership with other organizations. By collaborating with chambers of commerce, economic development councils, and other business support organizations, the SBDC is able to leverage resources and extend its reach to more entrepreneurs in the community.
Overall, the work of the FAMU SBDC has been instrumental in supporting local economic development in Tallahassee. Through its diverse range of services, training programs, and partnerships, the SBDC has created a thriving ecosystem for small businesses in the region. As the community continues to grow and evolve, the SBDC will undoubtedly play a critical role in shaping the future of the local economy.
(Note: Do you have knowledge or insights to share? Unlock new opportunities and expand your reach by joining our authors team. Click Registration to join us and share your expertise with our readers.)