House Committee on Small Business Recognizes SBDC Day

Statement

Today, House Small Business Committee Chairman Steve Chabot (R-OH) and Ranking Member Nydia Velazquez (D-NY) recognized Small Business Development Center (SBDC) Day. SBDC's offer counseling, training and technical assistance in all aspects of business creation and management.

"SBDC's began in 1976 with only eight participating universities. Today, the program is the largest and most utilized entrepreneurial development program, boasting over 1,000 centers across the country, within the Small Business Administration. This isn't surprising considering they are a critical resource for small business owners and entrepreneurs. For over 40 years, we have seen the remarkable impact that SBDCs have on not only the small business community, but on the American economy overall, said Chairman Chabot.

"For millions of budding small businesses, SBDCs are there to provide hands-on assistance and mentorship, serving as a "one-stop shop' towards building a successful venture. Today, I am proud to join Chairman Chabot in recognizing the dynamic and vital role that SBDCs play in fostering a thriving small business economy," said Velazquez.

In Fiscal Year 2017:

188,225 entrepreneurs received business consulting,
245,329 entrepreneurs were trained, and
14,491 new businesses were created because of SBDCs.

Source