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 to view our
2022 impact brochure.
FY22 Achievements
October 1, 2021 - September 30, 2022
| Management Counseling | |
|---|---|
| Clients Counseled Hours of Counseling |
3,222 12,440 |
| Client Profiles | |
| Women Minorities Veterans |
52% 38% 5% |
| Age of Firms | |
| Preventures Existing Businesses |
37% 63% |
| Impact | |
| Non-SBA Financing Secured SBA Financed Secured Equity Capital Secured Women Financing Secured Minority Financing Secured Veteran Financing Secured Jobs Created* Jobs Retained* |
$26,111,109 $17,149,152 $95,940,562 $18,247,049 $17,764,964 $2,882,565 381 1,503 |
| Training | |
| Training
Programs Training Attendees |
133 4,047 |
Figures based on
Core counseling clients and training attendees only
* Based on financing secured for clients
View statistics for previous fiscal years: FY21 | FY20 | FY19 | FY18 | FY17