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.
FY23 Achievements
October 1, 2022 - September 30, 2023
| Management Counseling | |
|---|---|
| Clients Counseled Hours of Counseling |
3,475 13,795 |
| Client Profiles | |
| Women Minorities Veterans |
51% 37% 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* |
$22,446,261 $20,931,800 $57,244,341 $15,781,291 $16,932,783 $2,424,657 547 972 |
| Training | |
| Training
Programs Training Attendees |
111 3,700 |
* Based on financing secured for clients
View statistics for previous fiscal years: FY22 | FY21 | FY20 | FY19