Small Business Development Center (SBDC),
Definition of Small Business Development Center (SBDC):
According to the SBA website, SBDCs help entrepreneurs "realize their dream of business ownership" and help existing businesses remain competitive in a complex, ever-changing global marketplace. SBDCs are hosted by leading universities and state economic development agencies and funded in part through a partnership with the SBA. Less than half of an SBDC's funding comes from the SBA, with the remaining portion coming from Congress, state funding, donations, grants, and corporate sponsorships.
Small Business Development Centers (SBDCs) provide free marketing, financing, and business-related assistance to local entrepreneurs. They are found in all states, as well as Washington, D.C., Puerto Rico, and the U.S. territories. SBDCs exist as a partnership between the U.S. Small Business Administration (SBA) and usually a local college or university, with the purpose to help foster small businesses and jobs by providing educational resources to business owners and those looking to start a business.
An office operated as a joint venture between the Small Business Administration and local universities which offers free education and consulting to small businesses for marketing plans, business plans, and technical support among other topics. A small business development center is available in every state of the US as well as Washington DC.
How to use Small Business Development Center (SBDC) in a sentence?
- SBDC business consulting is free and business training is offered at a low cost.
- The impact of SBDCs on the economy is large, as they help launch and assist thousands of businesses and create thousands of new jobs.
- SBDCs are created through a partnership between the U.S. Small Business Administration and local universities and are available in all states and U.S. territories.
- Small Business Development Centers (SBDCs) provide business-related assistance and knowledge to help entrepreneurs start, run, and grow their business.
Meaning of Small Business Development Center (SBDC) & Small Business Development Center (SBDC) Definition