I’m pleased to present the 2012 – 2013 Annual Report of the North Carolina Small Business and Technology Development Center (SBTDC).
This past year has been an exciting and promising one. The SBTDC has continued to prove its value in connecting the University and its resources to better meet the needs of businesses. SBTDC clients are seeing results too.
Access to capital has been significantly increased through the use of initiatives such as the SBA lending programs and the financing initiatives funded under the US Treasury Department’s State Small Business Credit Initiative. New business startups are increasing and existing business clients are now much more optimistic about future growth.
These upward trends are clearly reflected by increased client sales growth, improved profitability and new job creation. These trends are expected to continue for the next few years.
The SBTDC has had another strong year of service to clients ranging from startup to more mature small to medium-sized companies. Its outstanding general business management counseling services have been nicely supplemented by the enhanced specialized services we offer in technology development and commercialization, international business development, government procurement, strategy and organizational development and supply chain services.
We’ve enjoyed success with two other highly innovative and impactful initiatives. These are represented by our leadership role in development of the North Carolina Small Business Taxpayer Relief Program with our Department of Revenue. This program has generated in excess of $158 million in tax revenues and has helped hundreds of small businesses improve and sustain their operation.
The second program, now in its third full year of operation, is BIZ BOOST, a unique partnership between the SBTDC and the Work Force Solutions Division of the NC Department of Commerce.
This has focused on providing in-depth services to existing firms with 10 to 150 employees. It has been aimed at helping participating businesses sustain employment and develop and implement growth strategies. Over 2,400 companies have been served and many have experienced very positive business performance results and job creation.
The SBTDC’s host institutions and the strong team of SBTDC professionals, graduate students and Advisory Board members have continued to contribute greatly to helping our clients achieve success. Thanks to them and all of our partners, supporters and friends of the SBTDC for their support of North Carolina’s small businesses.