Now called America's SBDC New Jersey, the Small Business Development Centers network is advocating for restoration of its State Government to match funding since the program brings in almost
That state match is critical along with other non-federal funds it raises to obtain full federal funding.
Small business clients from around the state readily acknowledge that the guidance and knowledge they receive through this program has helped them stay in business, develop and grow. During 2013, 644 SBDC clients started a new business and the SBDC network helped its clients create and save 16,479 jobs.
Clients maintain that this program is simply returning services they are already pre-paying for through the large amount of federal and state taxes they pay.
During the last administration, the network received
The Christie administration in its first year had tried to eliminate that modest funding level, but,
"We look at the dividends returned to the State economy and we often wonder why would public policy-makers allocate a funding level way below the average state investment level nationally in this program," said
A 2013 survey of SBDCs nationally revealed that the average state investment in SBDCs stands at
Hopper added, "The NJSBDC shared in the state budget sacrifice a few years ago with its 75 percent state funding reduction for its core mission. It should now be time to reverse that outcome."
Both NJSBDC executives maintain had it not been for the network experts' advice and guidance, more individuals would be on unemployment and more businesses would not have survived during the recession and post-period, notwithstanding Super Storm Sandy's impact on the small business sector. Without NJSBDC's help, there would have been even more job losses and business closings.
"We're just looking for equity and investment decisions based on metrics outcomes," Smarth added. "It's clear that the program produces a large dividend for the state. The state funding allocation should take that into consideration especially in times where there are still economic difficulties."
"We're out there all the time in the communities advising small businesses that come to us for help," said Hopper. "We get referrals from our state government partners to help individual businesses which may have inquired through the state's call center or portal. We're there for them."
"Greater investment in such a program augments small business resources," added Smarth. "At this time, small businesses are the innovators and job creators. We believe that
Read the full story at http://www.prweb.com/releases/2014/05/prweb11891851.htm
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