Massachusetts Small Business Development Center Network

 

 

Economic Impact & Statistics

  

Studies consistently show that Massachusetts citizens receive a strong return on their investment by utilizing the Massachusetts Small Business Development Center Network. The program’s success is directly related to the quality of our professional staff and partnerships between the U.S. Small Business Administration, the Massachusetts Office of Business Development, college and university sponsors—led by the University of Massachusetts Amherst, Isenberg School of Management—and a wide range of supporters in the business community.

Below are the statistics for the previous federal fiscal year for the MSBDC statewide program. The figures below are based on the Core award only and do not include figures from the CARES Act award.

Click here for our 2022 impact brochure.
 

FY21 Achievements
October 1, 2020 - September 30, 2021

 
Management Counseling^
Clients Counseled
Hours of Counseling
3,265
12,391
Client Profiles^
Women
Minorities
Veterans
51%
35%
5%
Age of Firms^
Preventures
Existing Businesses
38%
62%
Impact^
Non-SBA Financing Secured
SBA Financed Secured
Equity Capital Secured
 
Women Financing Secured
Minority Financing Secured
Veteran Financing Secured
 
Jobs Created**
Jobs Retained**
                                                       
$26,465,224
$33,332,926
$45,605,358
 
$25,975,537
$9,611,150
$17,406,454
 
465
2,211
                              
Training*
Training Programs
Training Attendees
169
4,761

^  Figures based on Core counseling clients only
** Based on financing secured for clients 
*  Figures based on Core training attendees only

View statistics for previous fiscal years: FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10