BURKE, Va., April 5, 2017 /PRNewswire-USNewswire/ -- The Committee on Small Business Subcommittee on Contracting and Workforce met on March 30, 2017 in Washington, D.C. for a hearing titled, "SBA's Entrepreneurial Development Programs: Resources to Assist Small Businesses."
The hearing examined the U.S. Small Business Administration's (SBA) Entrepreneurial Development (ED) programs and offered Members of the Subcommittee the opportunity to review the major assistance programs, along with the offices at SBA charged with overseeing the programs. The Small Business Development Center (SBDC) program is SBA's premiere ED program. The 63 SBDC networks operate nearly 1,000 centers, which help small businesses with not just general business assistance, like access to credit and business planning but also high intensity counseling on technology, manufacturing, exports, and more. America's SBDC President & CEO, Charles "Tee" Rowe addressed the Subcommittee and spoke about the SBDC program, its offering and impact.
"It was an honor to join our fellow ED programs to testify on the importance of small business in America and the resources available to assist them. The America's SBDC program is the largest in scale and impact of all the ED programs. The Network will continue to deliver high impact results and high quality resources to America's small businesses," said Charles "Tee" Rowe, America's SBDC President & CEO.
With 63 SBDC Networks and nearly 1,000 centers across the country, the SBDC is the largest ED program. According to the SBA, in fiscal year 2015, SBDCs helped create over 13,000 new small businesses. The SBDCs use one-on-one counseling to provide small businesses guidance on access to capital, regulations, and compliance issues. With small business clients at existing businesses (60%) and in the pre-venture stage (40%), SBDCs have provided over 1.2 million total counseling hours in the last year.
About America's SBDC Program: America's SBDC (Small Business Development Center) Network is a partnership uniting private enterprise, government, higher education and local nonprofit economic development organizations. It is the Small Business Administration's largest partnership program, providing management and technical assistance to help Americans start, run and grow their own businesses. Learn more at www.americassbdc.org.
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SOURCE America's SBDC