1984 was a good year. Under Governor John H. Sununu, the NH SBDC was founded in New Hampshire. The first programs were started as pilots in 1979, and by 1984 most states had an SBDC. The program was already beginning to show real impact through the simple concept of matching experienced business advisors with entrepreneurs who had a lot of passion for their products and services, but who needed some assistance with building a business around those ideas.
The concept was powerful. In 2016 alone, the nation’s SBDCs worked with clients who created a new job in America every 5 minutes, started a new business every half-hour, generated $342 million in state revenues and $265 million in federal revenues, attracted $4.6 billion in capital, and $100,000 in new sales every 7.5 minutes. Wow!
And our advisors? Well, across about 1,000 locations, SBDC’s advisors trained over 260,000 entrepreneurs, and provided 1.3 million hours of management consulting…at no cost to any business owner, anywhere, from coast to coast. People often say that the SBDC is a well-kept secret, but it looks like the secret is out.
New Hampshire had a record-breaking year in 2016 as well. Our advisors provided well over 6,000 advising hours to almost 700 clients, helping them to raise $30 million in capital, and increase their revenues over $22 million. Our clients in the state also created 173 new jobs, and our advisors helped them to retain another 33.
I hope it is obvious by now why we would have a day dedicated to the SBDC. We are public servants with the skills to do anything, and we choose to apply those skills to New Hampshire’s entrepreneurs, helping to build our economy one business at a time. This is a great thing. We get under the hood of a business, and we work with clients who want to grow, add jobs to our state, create tax revenues, and pursue their entrepreneurial dream. I am biased, but I think that New Hampshire is much better off than in 1983, because the NH SBDC is part of our state's story.
So, on March 22nd, I invite you to check out our Facebook page, follow us on Twitter, and take a few minutes to scroll through the many client stories we have housed on our website. One of your favorite businesses may be among them. Leave us a comment, if you already work with us, send a note to your business advisor just to say hello. We hope to see you or hear from you!