Kentucky Small Business Development Center impacts state’s ecomony
by UK Ag News
Nov 13, 2013 | 76 76 recommendations | email to a friend | print
Fostering entrepreneurship and growing small businesses are the foundation for job creation and Kentucky’s economic vitality. Important economic contributors, small businesses employ more than 40 percent of Kentucky’s workforce and represent 98 percent of the state’s firms.

According to an independent study conducted by James Chrisman, Economic Impact of the Kentucky SBDC Business Development Counseling Activities in Kentucky 2011-2012, the Kentucky Small Business Development Center network helped entrepreneurs create 837 jobs and retained or saved a total of 1,528 jobs.

These growing businesses increased sales by $139.3 million and generated $8.9 million in tax revenue. Clients reported acquiring more than $40 million in financing with KSBDC’s support, financing that helped them grow their businesses. KSBDC counseling provided a $9.73 rate of return.

For the rest of this story, see this week's issue of The Cadiz Record or subscribe to our e-Edition by calling 270-522-6605.
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