Description
With this detailed description concerning grow the economy of pennsylvania through its entrepreneurs, the pennsylvania sbdc.
2015 SEMI-ANNUAL REPORT
JANUARY 1, 2015 - JUNE 30, 2015
INTRODUCTION .......................................................................................................................... 1
MISSION ........................................................................................................................................ 1
PENNSYLVANIA SBDC LOCATIONS....................................................................................... 2
IMPACT ......................................................................................................................................... 2
SUMMARY .................................................................................................................................... 3
100 ADVOCACY ........................................................................................................................... 5
200 CAPITAL FORMATION ........................................................................................................ 5
300 INNOVATION & TECHNOLOGY TRANSFER .................................................................. 7
400 INTERNATIONAL TRADE ................................................................................................... 9
500 MINORITY BUSINESS DEVELOPMENT ......................................................................... 12
600 RESOURCE DEVELOPMENT ............................................................................................ 12
700 PROCUREMENT .................................................................................................................. 13
800 SPECIAL FOCUS ................................................................................................................. 13
900 ECONOMIC DEVELOPMENT ............................................................................................ 14
1000 RESEARCH ......................................................................................................................... 15
1100 OTHER ACTIVITY ............................................................................................................ 16
Network-wide Awards & Achievements .................................................................................. 16
1200 SUCCESS STORIES ........................................................................................................... 17
1300 TRAVEL .............................................................................................................................. 17
1400 PROBLEMS ........................................................................................................................ 17
1500 FINANCE ............................................................................................................................ 17
1600 WOMEN’S BUSINESS DEVELOPMENT ........................................................................ 17
1700 ECONOMIC IMPACT ........................................................................................................ 18
1800 VETERAN BUSINESS DEVELOPMENT ......................................................................... 18
1900 MANUFACTURING .......................................................................................................... 18
2000 ONLINE ACTIVITIES ........................................................................................................ 19
2100 ENVIRONMENTAL MANAGEMENT ASSISTANCE PROGRAM ............................... 19
CONCLUSION ............................................................................................................................. 20
Established in 1980 with a mission to grow the economy of Pennsylvania through its entrepreneurs, the
Pennsylvania SBDC’s 18 university- and college-based Centers provide timely consulting, education, and
information to new and existing business owners. The SBDC focuses on three core areas: no-fee
confidential business consulting, educational programming, and timely, useful information. This report
reviews the economic environment and SBA-funded activities of the network to support small businesses
from January 1, 2015 to June 30, 2015.
The SBDC utilizes a staff of experienced professionals to serve their customers in both traditional
business assistance as well as offering specialized consulting. In the first half of 2015, the SBDC
delivered 41,270 hours of no-fee management consulting. Consulting is confidential and provided at
no charge by a staff of skilled professionals that emphasize education and guidance in finding practical
solutions to business problems.
Educational workshops and conferences aid entrepreneurs in articulating goals, evaluating and improving
business ideas, researching and attracting needed advisors and resources, and writing business plans to
build their businesses. During this reporting period, 4,472 individuals and firms benefited directly
from 291 educational programs. The Pennsylvania SBDC network also responded to numerous
inquiries, circulated printed materials, launched new Center websites, and continued to provide pertinent
information to partners to address small business concerns.
Impact resulting from these activities is evidenced by the success stories in Section 3 – APPENDICES
and described in detail throughout this report.
The mission of the network of Pennsylvania Small Business Development Centers is to provide
entrepreneurs and small business owners with the knowledge needed to make smart decisions and
prosper.
1. Bucknell University SBDC
2. Clarion University SBDC
3. Duquesne University SBDC
4. Gannon University SBDC
5. Indiana Univ. of Pennsylvania SBDC
6. Kutztown University SBDC
7. Lehigh University SBDC
8. Lock Haven University SBDC
9. Penn State University SBDC
10. Saint Francis University SBDC
11. Saint Vincent College SBDC
12. Shippensburg University SBDC
13. Temple University SBDC
14. University of Pittsburgh SBDC
15. University of Scranton SBDC
16. The Wharton School, University of
Pennsylvania SBDC
17. Widener University SBDC
18. Wilkes University SBDC
Since its inception, the Pennsylvania SBDC has provided over 3 million hours of consulting to more than
260,000 entrepreneurs and offered over 18,000 courses, workshops and seminars attended by 414,000
Pennsylvanians. SBDC services have helped small firms throughout the Commonwealth raise more than
$3 billion in start-up and expansion capital, start more than 34,000 new companies, and sell $13 billion
worth of Pennsylvania products and services globally. As a result, SBDC clients have created over
157,000 new jobs and generated more than $796 million in new state income tax revenue.
During the first half of 2015, the Pennsylvania SBDC network reported the following initial outcomes:
? Bought/Started a Business 196
? Jobs Created 553
? Jobs Retained 218
? Increased Sales (domestic) $11,550,738
? SBA Loans (11) $6,795,176
? Non-SBA Loans (127) $33,058,922
? Equity Capital (142) $10,109,263
In the first half of 2015, the Pennsylvania SBDC served 4,023 entrepreneurs and small business
owners through a total of 41,270 consulting hours. A detailed breakdown may be found in SECTION 2
– DELIVERABLES and is described throughout this report.
Consulting Sessions by Topic
The Pennsylvania SBDC network collectively educated 4,472 individuals in 291 seminars and
workshops in the first half of 2015, which included topics such as “Business Transition Planning” and
“Globalizing Your Digital Marketing Strategy.” A detailed breakdown may be found in SECTION 2 –
DELIVERABLES and is described throughout this report.
0 500 1000 1500 2000 2500 3000 3500 4000 4500 5000
Tax Planning
eCommerce
Government Contracting
Technology/Computers
Cash Flow Management
Legal Issues
Business Accounting/Budget
Human Resources/Employee Mgt.
Engineering R&D
International Trade
Buy/Sell Business
Managing a Business
Financing/Capital
Marketing/Sales
Start-Up Assistance
Business Plan
Consulting Sessions
No Response
6%
Female
24%
Both
34%
Male
36%
Business Ownership
Non-Hispanic
82%
Hispanic
5%
No Response
13%
Client Ethnicity
Service
44%
Retail
12%
Manufacturing
13%
Not in
Business /
Other
6%
Construction
3%
Wholesale
3%
No Response
18%
Industry Sector
Service-
Disabled
Veterans
1%
Veterans
4%
Non-Veteran
59%
No Response
36%
Veteran Clients
White
75%
African
American
12%
Asian
3%
Native
American
With this detailed description concerning grow the economy of pennsylvania through its entrepreneurs, the pennsylvania sbdc.
2015 SEMI-ANNUAL REPORT
JANUARY 1, 2015 - JUNE 30, 2015
INTRODUCTION .......................................................................................................................... 1
MISSION ........................................................................................................................................ 1
PENNSYLVANIA SBDC LOCATIONS....................................................................................... 2
IMPACT ......................................................................................................................................... 2
SUMMARY .................................................................................................................................... 3
100 ADVOCACY ........................................................................................................................... 5
200 CAPITAL FORMATION ........................................................................................................ 5
300 INNOVATION & TECHNOLOGY TRANSFER .................................................................. 7
400 INTERNATIONAL TRADE ................................................................................................... 9
500 MINORITY BUSINESS DEVELOPMENT ......................................................................... 12
600 RESOURCE DEVELOPMENT ............................................................................................ 12
700 PROCUREMENT .................................................................................................................. 13
800 SPECIAL FOCUS ................................................................................................................. 13
900 ECONOMIC DEVELOPMENT ............................................................................................ 14
1000 RESEARCH ......................................................................................................................... 15
1100 OTHER ACTIVITY ............................................................................................................ 16
Network-wide Awards & Achievements .................................................................................. 16
1200 SUCCESS STORIES ........................................................................................................... 17
1300 TRAVEL .............................................................................................................................. 17
1400 PROBLEMS ........................................................................................................................ 17
1500 FINANCE ............................................................................................................................ 17
1600 WOMEN’S BUSINESS DEVELOPMENT ........................................................................ 17
1700 ECONOMIC IMPACT ........................................................................................................ 18
1800 VETERAN BUSINESS DEVELOPMENT ......................................................................... 18
1900 MANUFACTURING .......................................................................................................... 18
2000 ONLINE ACTIVITIES ........................................................................................................ 19
2100 ENVIRONMENTAL MANAGEMENT ASSISTANCE PROGRAM ............................... 19
CONCLUSION ............................................................................................................................. 20
Established in 1980 with a mission to grow the economy of Pennsylvania through its entrepreneurs, the
Pennsylvania SBDC’s 18 university- and college-based Centers provide timely consulting, education, and
information to new and existing business owners. The SBDC focuses on three core areas: no-fee
confidential business consulting, educational programming, and timely, useful information. This report
reviews the economic environment and SBA-funded activities of the network to support small businesses
from January 1, 2015 to June 30, 2015.
The SBDC utilizes a staff of experienced professionals to serve their customers in both traditional
business assistance as well as offering specialized consulting. In the first half of 2015, the SBDC
delivered 41,270 hours of no-fee management consulting. Consulting is confidential and provided at
no charge by a staff of skilled professionals that emphasize education and guidance in finding practical
solutions to business problems.
Educational workshops and conferences aid entrepreneurs in articulating goals, evaluating and improving
business ideas, researching and attracting needed advisors and resources, and writing business plans to
build their businesses. During this reporting period, 4,472 individuals and firms benefited directly
from 291 educational programs. The Pennsylvania SBDC network also responded to numerous
inquiries, circulated printed materials, launched new Center websites, and continued to provide pertinent
information to partners to address small business concerns.
Impact resulting from these activities is evidenced by the success stories in Section 3 – APPENDICES
and described in detail throughout this report.
The mission of the network of Pennsylvania Small Business Development Centers is to provide
entrepreneurs and small business owners with the knowledge needed to make smart decisions and
prosper.
1. Bucknell University SBDC
2. Clarion University SBDC
3. Duquesne University SBDC
4. Gannon University SBDC
5. Indiana Univ. of Pennsylvania SBDC
6. Kutztown University SBDC
7. Lehigh University SBDC
8. Lock Haven University SBDC
9. Penn State University SBDC
10. Saint Francis University SBDC
11. Saint Vincent College SBDC
12. Shippensburg University SBDC
13. Temple University SBDC
14. University of Pittsburgh SBDC
15. University of Scranton SBDC
16. The Wharton School, University of
Pennsylvania SBDC
17. Widener University SBDC
18. Wilkes University SBDC
Since its inception, the Pennsylvania SBDC has provided over 3 million hours of consulting to more than
260,000 entrepreneurs and offered over 18,000 courses, workshops and seminars attended by 414,000
Pennsylvanians. SBDC services have helped small firms throughout the Commonwealth raise more than
$3 billion in start-up and expansion capital, start more than 34,000 new companies, and sell $13 billion
worth of Pennsylvania products and services globally. As a result, SBDC clients have created over
157,000 new jobs and generated more than $796 million in new state income tax revenue.
During the first half of 2015, the Pennsylvania SBDC network reported the following initial outcomes:
? Bought/Started a Business 196
? Jobs Created 553
? Jobs Retained 218
? Increased Sales (domestic) $11,550,738
? SBA Loans (11) $6,795,176
? Non-SBA Loans (127) $33,058,922
? Equity Capital (142) $10,109,263
In the first half of 2015, the Pennsylvania SBDC served 4,023 entrepreneurs and small business
owners through a total of 41,270 consulting hours. A detailed breakdown may be found in SECTION 2
– DELIVERABLES and is described throughout this report.
Consulting Sessions by Topic
The Pennsylvania SBDC network collectively educated 4,472 individuals in 291 seminars and
workshops in the first half of 2015, which included topics such as “Business Transition Planning” and
“Globalizing Your Digital Marketing Strategy.” A detailed breakdown may be found in SECTION 2 –
DELIVERABLES and is described throughout this report.
0 500 1000 1500 2000 2500 3000 3500 4000 4500 5000
Tax Planning
eCommerce
Government Contracting
Technology/Computers
Cash Flow Management
Legal Issues
Business Accounting/Budget
Human Resources/Employee Mgt.
Engineering R&D
International Trade
Buy/Sell Business
Managing a Business
Financing/Capital
Marketing/Sales
Start-Up Assistance
Business Plan
Consulting Sessions
No Response
6%
Female
24%
Both
34%
Male
36%
Business Ownership
Non-Hispanic
82%
Hispanic
5%
No Response
13%
Client Ethnicity
Service
44%
Retail
12%
Manufacturing
13%
Not in
Business /
Other
6%
Construction
3%
Wholesale
3%
No Response
18%
Industry Sector
Service-
Disabled
Veterans
1%
Veterans
4%
Non-Veteran
59%
No Response
36%
Veteran Clients
White
75%
African
American
12%
Asian
3%
Native
American