|FSBDCN State Office: A new bill was recently passed into law by the Florida Legislature and Governor Scott that validates the importance of small businesses in Florida’s economy and creating jobs. The Florida SBDC statewide network is the foundation of the state’s strategy to support this sector. The bill aligns and enhances the Florida SBDC Network’s position and work in collaboration with state economic development and higher education to better serve the needs of Florida’s small businesses by establishing a performance-based investment to increase its capacity, expand its business development services, and enhance its proven economic impact to Florida’s economy.
State designated as the principal provider of small business assistance, the Florida SBDC Network serves the complex and diverse needs of small businesses throughout every stage of growth through no-cost professional consulting, value-added training, and access to business data and information. Florida SBDC consulting expertise focuses on areas vital to accelerating the growth of businesses, including strategic market research; business and strategic plan development; market and revenue growth strategy development and implementation; capital access and loan packaging; financial analysis and assessment; financial literacy; feasibility analysis and start-up assistance; as well as business continuity and disaster planning.
The Florida SBDCs are proud to play a key role in contributing to the state’s priorities, in particular, job creation and economic growth. In fact, the most recent independent study showed that the Florida SBDC Network program helped entrepreneurs create, retain and save a total of 43,856 jobs across the state at a significantly low cost of $119 per job. These growing businesses increased sales by $6 billion, generated $213 million in state tax revenue, and contributed more than $3.3 billion to the state’s economy. As a result, the study found that for every $1 invested in the FSBDCN, $41.07 is returned to the state in tax revenue.
“The Florida SBDC Network looks forward to working with state economic development and higher education to expand on our record of helping businesses grow and succeed,” said Myhre.
About the FSBDC Network
In 2011, the Florida SBDCs served approximately 38,000 entrepreneurs and small business owners through consulting, training and information, resulting in 43,856 jobs created, retained and saved; $6 billion in sales growth; $98.1 million in capital accessed; $426.2 million in government contract awards; and 1,067 new businesses started.