October 30, 2015
Citizens Bank Foundation Supports NH SBDC’s Business Improvement Program
DURHAM, N.H. – The New Hampshire Small Business Development Center (NH SBDC), an outreach program of the Peter T. Paul College of Business and Economics at the University of New Hampshire, recently received $20,000 in support from the Citizens Bank Foundation. The funds aid in the development of management advising and educational tools for NH SBDC’s new Business Improvement Program and for the expert one-on-one advising that helps business owners produce profitability by using the new tools.
The Business Improvement Program enables business owners to assess strengths and weaknesses in marketing, finance, and customer relations and diversification, and to develop a plan to improve identified areas and therefore increase their bottom lines. NH SBDC certified business advisors provide management advising assistance throughout the process.
New tools to aid businesses that are ready to improve their management skills include management assessment tools, a robust annotated online Resource Center, and several mini e-courses on customer service, branding, and the basics of financial statements.
“Citizens Bank is committed to investing in the communities where we live and work,” said Joe Carelli, President, Citizens Bank, New Hampshire. “We are proud to support the NH SBDC in this initiative that will assist entrepreneurs in building profitable businesses and ultimately help New Hampshire’s economic engine grow.”
“Building strong, innovative companies helps to build the NH economy, and we are fortunate to work with partners such as the Citizens Bank Foundation, who share a strong vision and passion for community and economic development,” stated Richard Grogan, state director, NH SBDC. “We are thrilled to continue NH SBDC’s long-term relationship with the Citizens Bank Foundation, working together to support NH businesses.”
The NH SBDC is an outreach program of the UNH Peter T. Paul College of Business and Economics, and a cooperative venture of the U.S. Small Business Administration, the State of New Hampshire Department of Resource Economics and Development, the University System of New Hampshire, and the private sector. A part of 64 SBDC programs nationwide, the NH SBDC was fully accredited in 2010 by the Association of Small Business Development Centers. The NH SBDC has advised businesses for over 30 years, helping 8,000 businesses create and retain more than 4,500 jobs over the last decade.
The University of New Hampshire, founded in 1866, is a world-class public research university with the feel of a New England liberal arts college. A land, sea, and space-grant university, UNH is the state's flagship public institution, enrolling 12,300 undergraduate and 2,200 graduate students.