2009 NETWORK-WIDE ECONOMIC IMPACT DELIVERABLES OUTCOMES

The NJSBDC’s statewide network of 11 centers and its statewide specialty programs on procurement, international trade, technology commercialization and e-commerce achieved the following during 2009:

• Provided 6,135 entrepreneurs and small business owners with one-on-one customized, management consulting and counseling, 51 percent of which were established businesses;
• Sponsored 832 training events statewide attended by 14,392 aspiring entrepreneurs and small business owners;
• Facilitated the creation of 730 new businesses;
• Helped facilitate $30.4 million in loans and equity investment for small business clients at a time when lending institutions’ loan considerations have dramatically declined since the Wall Street fallout in September 2008;
• Assisted small business owners and entrepreneurs with saving 10,837 jobs and creating 1,799 new jobs.
• In addition to creating and retaining jobs, the network found in a recent analysis that for every $1 the state invests in the NJSBDC, $5.60 is returned to New Jersey. This surpasses the NJSBDC prior years’ return-on-investment analyses.