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Santa Clarita: SBDC Annual Report Highlights Clients' Small Business Success

Posted: April 3, 2013 10:25 a.m.
Updated: April 3, 2013 10:25 a.m.
 

SANTA CLARITA — In 2012, the Small Business Development Center (SBDC) hosted by College of the Canyons experienced its most successful operational year to date, with SBDC assisted clients combining to start 53 new small businesses and create or retain 937 local jobs.

The SBDC’s recently released 2012 annual report details a record year of client accomplishments and efficiency ratings which highlight the Center’s continued success in providing actionable advice, training and consulting services to local small business owners throughout the region.

In 2012, the SBDC provided no-cost consulting services to 869 small businesses and directly trained more than 3,100 entrepreneurs and small business owners at its 10 offices located throughout the Santa Clarita, San Fernando and Antelope Valleys.

In addition to creating new jobs and businesses, SBDC clients saw their sales grow by a combined $19 million in 2012, while securing $12.5 million of new capital — figures which represent a roughly 169 percent increase since 2009.

Other key business statistics revealed in the SBDC’s 2012 annual report indicate that SBDC clients also saw an average increase of $4,720 in new sales and $3,107 in new capital raised for every hour of consulting received — while combining to create an average of one new business every week.

“Over the past year SBDC clients achieved record breaking results across every significant category,” said SBDC Executive Director Steve Tannehill. “Now in our sixth year of operation, the SBDC’s high level of success continues to grow as we develop more partnerships, launch new programs and expand our roster of expert business advisors.”

The SBDC also launched several key initiatives over the last year including:

The establishment of a Center for International Trade Development (CITD) to provide clients with resources, training, business advice and consulting services in the areas of international trade.

Partnering with California Lutheran University (CLU), the firm Homeier & Law, P.C., and the Maverick Angels investment network to create the Center for Entrepreneurship & Growth.

Introduction of the Restaurant Start Smart Assistance Program to provide on-site, expert consulting services for entrepreneurs preparing to open a new restaurant.

“We appreciate the continued support of our community and our many business partners,” said SBDC Assistant Director Catherine Grooms. “Without them the SBDC would not be the effective business resource that it is today. We look forward to serving our local business community in 2013 and beyond.”

To view the SBDC’s entire 2012 annual report please visit http://cocsbdc.org/2013/sbdc-releases-2012-annual-report/.

About the SBDC hosted by College of the Canyons

The SBDC hosted by College of the Canyons was launched in January 2006. SBDC business advisors assist prospective and existing small business owners start, grow or expand their businesses by providing workshops, one-on-one consulting, trainings and other resources to the business community.

The SBDC’s main offices are located in the Dr. Dianne G. Van Hook University Center on the College of the Canyons Valencia campus.

SBDC services are also available at 10 satellite locations throughout the San Fernando and Antelope Valleys.

Note: The Signal delivers press releases from reliable sources to provide up-to-the-minute information to our website readers. Information directly from news sources has not been vetted by The Signal news room. It may appear subsequently in news stories after it has been vetted.

 

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