Ahead of Small Business Saturday on November 30, the Montana Department of Commerce and U.S. Small Business Administration released the Montana’s Small Business Development Center’s (SBDC) impact for 2019.
Montana’s SBDC network supported more than 2,300 jobs in 2019, its thirtieth year, through its work to assist small business growth and development. The Montana SBDC aided in creating 61 new companies in the last year and helped clients obtain more than 100 loans, which resulted in almost $29 million in capital infusion. The network also hosted over 1,100 clients at training events across the state.
Montana’s SBDC network is headquartered at the Department of Commerce and supports ten host organizations across the state.
“The work Montana SBDCs have done over the last year demonstrates the impact these entrepreneurs and their businesses have on their communities,” Commerce Director Tara Rice said, “Small businesses are the backbone of our economy, and the SBDC network is here to meet businesses where they’re at.”
This year, the Montana SBDC network will support Small Business Saturday events across the state. Small Business Saturday shines a spotlight on the Main Street businesses that strengthen our communities and encourages folks to shop local ahead of the holiday season. A visit to the family-owned framing shop or a stop at the neighborhood coffee shop not only supports our local economies, but it also promotes more vibrant communities.
“America’s 30 million small businesses are an important pulse of their communities and Small Business Saturday is a day for customers to support the local retailers that make their towns and cities special,” said Wayne Gardella, the Montana District Director of the U.S. Small Business Administration. “When Americans shop at small businesses, they are supporting economic activity and job growth in their local neighborhoods during this holiday season.”
Since being formed in 1989, the Montana SBDC network has assisted more than 31,000 entrepreneurs through technical assistance, business planning, and access to capital. Their unique position allows for small businesses and entrepreneurs at all levels to get the help they need to exceed and grow Montana’s economy.
Montana is consistently one of the top states in the nation for entrepreneurial activity. In 2018, the state ranked number one in the U.S. for the share of the workforce employed by small businesses.
The Montana SBDC is funded in part through a cooperative agreement with the U.S. Small Business Administration and the Montana Department of Commerce, visit SBDC.MT.GOV.