Feb. 8, 2011
Northwest SBTDC contributes to record-breaking statewide economic impact in FY 2010
MARYVILLE, Mo. - University-based small business specialists in the Northwest Missouri region helped clients of the Missouri Small Business & Technology Centers and the Missouri Procurement Technical Assistance Centers contribute to a record-breaking $1.19 billion in statewide economic impact during fiscal year 2010.
In the Northwest region, business clients achieved $7.1 million in sales, $5.9 million in investments, and $14.12 million in government contracts. In addition, the business specialists in the region helped clients create or retain 538 jobs and start 29 businesses.
"Small businesses are the job creators in our state and nation, creating investments, sales and quality of life in our communities," said Mary Paulsell, director of communications for the MU Extension's Business Development Program. "These results validate what economic development research has said for some time - that small, innovative and entrepreneurial companies hold the key to economic recovery."
The Northwest SBTDC assists clients in 17 counties spanning from Atchison County, southward to Platte County and eastward to Livingston County. In addition to the regional office directed by Dr. Frank Veeman and located on the Northwest Missouri State University campus, a Chillicothe office, directed by Steve Holt, serves the eastern portion of the region, and a St. Joseph office, directed by Rebecca Evans, serves the southern section. Tom Kelso is Business Development Specialist for the MU Extension serving Holt County and the northwest region.
The Northwest SBTDC is part of a statewide network consisting of 39 locations throughout the state, many on college and university campuses. The University of Missouri's Extension Division houses the system.
The SBTDC provides counseling to small business firms and individuals, coordinates and conducts research into technical and general small business problems, and conducts conferences and workshops on various topics of interest to small business owners. The SBTDC also offers consulting at no charge and follow-up services are available for all programs.
Statewide, clients of the Missouri SBTDC and PTAC, which are headquartered with MU Extension's Business Development Program (BDP) in Columbia, achieved a record of more than $1.19 billion in economic impact for the state of Missouri.
Specifically the BDP, through its Missouri SBTDC and PTAC programs, assisted its clients in attaining sales revenue ($515,105,270), investments ($203,972,794), government contracts ($467,710,068) and funded research grants ($8,457,408).
The Missouri SBTDC and PTAC programs also assisted clients with creating or retaining 16,143 jobs and starting 265 businesses statewide.
The Missouri SBTDC and Missouri PTAC programs work with a wide variety of companies each year. The economic impact many of those firms realize is self-reported by the business owners themselves through a verifiable process that guarantees their accuracy.
For more information about the Maryville Small Business Development Center, contact Dr. Frank Veeman at 660.562.1701 or firstname.lastname@example.org. Visit the website at http://www.nwmissouri.edu/services/sbtdc/index.htm.
For more information, please contact:
Mark Hornickel, Media Relations Specialist
email@example.com | 660.562.1704 | Fax: 660.562.1900
Northwest Missouri State University
215 Administration Building | 800 University Drive | Maryville, MO 64468