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MSBDC FY02 Achievements
October 1, 2001 - September 30, 2002

Studies consistently show that Massachusetts citizens receive a strong return on their investment by utilizing the Massachusetts Small Business Development Center Network. Below are the the overall statistics for the statewide program for the fiscal year 2002.


Management Counseling

Clients Counseled - 3,992
Hours of Counseling - 27,737

Client Profile
Women - 37%
Minority - 19%

Age of Firms
Preventures - 60%
Existing Businesses - 40%

Impact
Total Financing Secured (194 deals) - $25,358,379
Women Financing Secured (70 deals) - $5,298,219
Women SBA Pre-Qual (1 deal) - $187,500
Minority Financing Secured (33 deals) - $3,899,800
Minority SBA Pre-Qual (6 deals) - $1,263,000
Total SBA Secured Loans (87 deals) - $13,127,900

Jobs Created (as a result of financing) - 501
Jobs Retained (as a result of financing) - 658

Training
Training Programs - 129
Training Attendees - 2,849
Partners for Trade Training - 28
Partners for Trade Attendees -1,068

 

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