Wisconsin Small Business Development Center: Helps Wisconsin entrepreneurs secure over $105 million in business capital and fuels launch of 258 new companies

For immediate release Dec. 3, 2012
Contact: Kaia Fowler, Program Manager

432 N. Lake St., Madison, WI 53706

608-263-7805, [email protected]

Madison, Wis.—The Wisconsin Small Business Development Center (SBDC) network, a program of the UW-Extension Division of Entrepreneurship and Economic Development, announced its annual impact report for the federal fiscal year that ended Sept. 30. During that time, the SBDC provided no-cost consulting to 2,239 small business owners and entrepreneurs, delivering over 8,500 counseling sessions. Through this assistance, SBDC consultants supported 258 business starts and over $105.7 million in capital formation for small businesses in Wisconsin. In addition to one-on-one consulting, the SBDC also delivered over 50,000 hours of training to 4,567 program attendees statewide.

Wisconsin SBDC FFY 2012 program impact at a glance:

· Served 2,239 clients with one-on-one business counseling

· Delivered 8,687 counseling sessions totaling 15,398 hours of contact and prep services for clients

· Helped clients start 258 new businesses

· Assisted clients with securing $105,791,178 in capital formation for business development

· Trained 4,567 people in business topics

The Wisconsin SBDC is funded in part through a Cooperative Agreement with the U.S. Small Business Administration. Through long-term consulting and training programs, the SBDC assists small businesses with up to 499 employees and aspiring entrepreneurs with accessing capital, new product development, market research, business planning and more. For information about the Wisconsin SBDC Network, call Kaia Fowler, Program Manager, at 608-263-7805 or visit www.wisconsinsbdc.org.