Small business development centers’ role highlighted

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In recognition of South Carolina Small Business Development Centers’ role in job creation and economic growth, March 17, 2021 has been designated South Carolina Small Business Development Centers Day in the state.

A proclamation from S.C. Gov. Henry McMaster notes the vital role of small businesses in South Carolina, where they make up 97% of the state’s employers. The proclamation further notes the 11,926 individuals assisted through the state’s 20 small business development centers, which helped create or retain 3,921 jobs, increased client sales by $18.5 million and aided in the start of 143 new businesses last year.

The national SBDC network is a partnership between the U.S. Congress, the Small Business Administration, the private sector and the colleges, universities and state governments that play host to centers. It includes nearly 1,000 locations that provide resources, including training, consulting and loan attainment help, to an estimated one million busines owners and entrepreneurs each year, according to a news release from South Carolina Small Business Development Centers.

S.C. centers helped business owners obtain $77 million in commercial loans in 2020, according to the release.

March 17 is being recognized as SBDC Day across the country for the fifth year.