Economic Impact

AboutUs_EconmicImpact

Fact Sheet

2016 Network-Wide Economic Impact Deliverables

 

The NJSBDC program, which is composed of 12 centers (statewide), provides services and comprehensive assistance to established small businesses and aspiring entrepreneurs. Impact of the program is summarized below:

 

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  • Counseled 4,228 clients one-on-one;

 

  • Delivered 19,514 total counseling hours or on average 4.6 hours per case;

 

  • 57% of all clients were established businesses (2,444);

 

  • 567 clients of NJSBDC started a new business;

 

  • Sponsored 545 training sessions statewide;

 

  • 8,279 attendees attended training seminars (on various business development/growth issues);

 

  • Helped small business clients create and save 16,115 jobs (1,641 created jobs/14,474 retained jobs);

 

  • Facilitated $88,320,923 in total financing (loans & equity) for its clients;

 

 

Note: Impact from core SBA grant, NJBAC funding, and additional grants activity; as of 2/1/17.

**        Subject to further revisions.

 

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