Flushing Chinese owned businesses and economic impact for the local economy: Since its inception October 1, 2001, the Center has:
- Counseled over 2,170 small businesses and continues to see roughly 300 clients each year
- Obtained $25 million dollars in disaster, regular small business loans and grants
- Saved or created 907 jobs in the local economy
Educating, engaging and strengthening New York City’s Businesses
Since its inception, the Center has presented:
- 300 seminars, panels, and workshops
- 5,380 attendees comprised of existing local businesses and aspiring entrepreneurs
- Attendees are approximately 50% minorities and 50% women, Extraordinary Return On Investment
- For the 10/1/04 to 9/30/05 FY, $1 dollar invested, NYS saw a return of $1.78 in NYS tax revenues(The New York State Small Business Development Center Statistical Summary & Economic Analysis)
- SBDC in-depth clients generate $2.82 in new federal tax revenue for every $1 spent by the U.S. government on the SBDC program.
Economic Impact of Small Business Development Center Counseling Activities in the United States: 2004-2005, by Professor James J. Chrisman of Mississippi State University.
· Dun & Bradstreet: 94.9% of SBDC counseled start-ups were still in business 5 years later compared with nation-wide data indicating that generally 90% of all firms close within 5 years.
SBA Partnership Program with the SBA, administered by the State University of New York This Cooperative Agreement is partially funded by the U.S. Small Business Administration. SBA?s funding is not an endorsement of any products, opinions, or services. All SBA funded programs are extended to the public on a nondiscriminatory basis.