Celebrating 40 Years of Impact

The NH SBDC is proud to unveil our 2024 Impact Report, highlighting the remarkable achievements of our New Hampshire small business clients and the vital role we play in their growth and success.

Last year we celebrated 40 years of empowering entrepreneurs, strengthening local economies, and fostering innovation across the Granite State. Our commitment to supporting small businesses has never been stronger, and the numbers from this past year tell a powerful story of impact and resilience.

A Year of Growth and Success

In 2024, NH SBDC had a total economic impact of $254.6 million on the State of New Hampshire, a testament to the hard work of our dedicated business advisors and the entrepreneurs we serve. This represents steady growth over the past five years and underscores the critical role small businesses play in New Hampshire’s economy.

By the Numbers:

• 1,910 clients received one-on-one business advising, a 127% increase from 2019.   
• $15.8 million in new capital was accessed with our guidance.
• 6,500 jobs were supported by NH SBDC-assisted businesses.
• 81 new businesses were launched.
• A 97% client satisfaction rate, reflecting the trust and value entrepreneurs find in our services.

These numbers represent real people - business owners working hard to grow their companies, create jobs, and contribute to their communities.

Programs That Made an Impact

NH SBDC continues to provide tailored support through programs designed to meet the evolving needs of businesses:

• NH Export Accelerator – Helping businesses expand into international markets through education and one-on-one advising.
• Legal, Accounting, and Financial Services (LeAF) – Providing access to expert consultants for legal and financial guidance.
• Cybersecurity Initiative – Educating small businesses on protecting their digital assets, including an annual Cybersecurity Summit and no-cost cybersecurity reviews.
• Small Business, Big Solutions – Assisting businesses with digital marketing and AI-driven technology solutions through a partnership with UNH Paul College’s Center for Business Analytics and Voice Z Digital.
• NH Small Business Matchmaker – Connecting small businesses with government procurement officials and prime contractors to open new opportunities.

These programs, alongside our business advising and other education programs, have allowed us to support businesses at every stage, from startup to expansion.

Stories of Small Business Success

Behind every statistic is a story. We have had the privilege of working with incredible business owners, from 1-3 years, 7 – 13 years, 20 years, and even 39 years! We hope you will read their stories. The businesses featured in the report showcase the the array of industries and teh entrepreneurial spirit that make New Hampshire’s small business community so vibrant.

Looking Ahead

As we reflect on 40 years of service, we are excited for the future. NH SBDC remains committed to providing expert advising, innovative solutions, and vital resources to ensure small businesses continue to thrive.

We extend our gratitude to our federal, state, and local funding partners, the University of New Hampshire, and all the entrepreneurs who trust us as a resource on their journey.

📖 Read the full 2024 Impact Report to explore our programs, success stories, and the future of small business in New Hampshire.