HELENA – The clients of the Montana Small Business Development Centers (SBDC) are by definition “small,” but, with the support of SBDC services, they’re producing big economic impacts across the state.
According to a new report, every tax dollar invested through the Montana SBDC generates $1.72 in state and federal tax revenues. In addition, each dollar also leveraged $22 in public and private financing, resulting in $28.7 million in financing obtained by SBDC clients.
The report is produced with data from the Chrisman Survey and Neoserra client database. It covers a period from 2014–15, during which the Montana SBDC consulted and trained 2,150 entrepreneurs, created 61 new businesses, generated $57.2 million in sales by its clients, and created 475 new jobs.
SBDC Interim State Director Lori Gilliland said the report represents a great success both for individual entrepreneurs and for the state as a whole.
“Montana’s small businesses are the foundation of the state’s economy,” she said. “These latest numbers tell the story of how the Montana SBDC program is empowering entrepreneurs to start new businesses, strengthen existing ones, and in turn grow the state’s economy.”
Recently the Kauffman Foundation, a leading research organization specializing in economic growth and entrepreneurship, ranked Montana as the top state for entrepreneurship for the fourth year in a row.
The Montana SBDC Lead Center, located in Helena, oversees administrative operations with satellite offices throughout the state. Montana SBDC’s certified Business Consultants provide one-to-one management advising to small businesses at no cost to clients. For more information, visit sbdc.mt.gov.
The Montana Office of Tourism and Business Development markets Montana’s spectacular unspoiled nature, vibrant and charming small towns, breathtaking experiences, relaxing hospitality, and competitive business climate to promote the state as a place to visit and do business.