What the East Colorado SBDC/UNC BizHub Collaborative

can do for business

Network Locations

East Colorado SBDC Region & Centers

What The SBDC Does

• Offers business consulting and training that maximizes the economic potential of entrepreneurs

• Free guidance and counseling in all aspects of funding and developing small businesses

• Help clients write comprehensive business plans, conduct financial forecasts, strategize marketing tactics, apply for funding, and improve operations

• Education

Mission is to help existing and new businesses grow and prosper.

Mission

To help existing and new businesses grow and prosper.

SBDC 2015Scorecard

New Center Highs

Total Economic Impact$24,824,298

EASTCO 2015 RESULTS TARGET % TARGET 2010 2011 2012 2013 2014

Jobs Created 242.5 125 194.00% 111 177 169 207.5 379

Jobs Retained 88.5 80 110.63% 86 79 97 228.5 358

Business Starts 41 25 164.00% 24 23 20 31 16

Capital Infusion $16,991,434.00 $7,000,000.00 242.73% $15,252,000.00 $8,299,694.00 $17,582,840.00 $9,308,994.00 $12,428,200.00

Target Demographics 175 75 233.33% 98 95 125 150 148

Training Satisfaction 90 0.00% 95 91 93.67 96.14 94.67

Counseling Satisfaction 90 0.00% 97 96 97.25 97.43 97

Long Term Clients 250 90 277.78% 106 151 189 215 206

Existing Business % 45.72% 60% 76.20% 51.92 52.38 52.81 57.14 55.54

Increased Sales $6,893,414.00 $500,000.00 1378.68% $140,819.00 $2,682,554.00 $2,393,873.00 $6,230,598.00 $6,563,908.00

Increased Contracts $939,450.00 $1,000,000.00 93.95% 0 0 0 60,000.00 $184,300.00

Event Attendance 909 450 202.00% 476 501 562 557 517

Training Count 73 30 243.33% 32 23 32 34 34

Client Count 608 450 135.11% 391 399 481 588 589

Average C&P Hours 8.91 5 178.20% 4.75 6.46 6.4 6.05 6.39

Client Sessions 2,819.00 1,500.00 187.93% 1,235 1,508 1,865 2,161 2,229

Total C&P Hours 5,418.85 2,500.00 216.75% 1,857.67 2,577.76 3,078.75 3,558.15 3,753.00

What Adams County Arapahoe County Total for Corridor

Number of Clients 48 16 64

Jobs Created 22.5 3.5 26

Jobs Retained 22.5 15.8 38.3

New Businesses 1 0 1

Capital Formation 820,674.00$ 0 820,674.00$

Sales Increase 487,036.00$ 234,600.00$ 721,636.00$

Hours Spent 393.75 304 697.75

Activity in Corridor Last Three Years

What Is the UNC BizHub?

A virtual incubator created through the joint efforts of East Colorado SBDC, higher education institutions, communities and businesses to bring unique and innovative solutions to small businesses. Services offered to clients include: • SBDC services plus:

• information from business databases• time with industry mentors and professional

specialists • connections with college professors and students • students to assist with research and writing a

business plan• assistance in finding seed money as appropriate• Access to special software tools for growth• 50% discount to all for fee seminars

UNC BizHub Collaborative Numbers

Clients 16

C&P Hours 535.5

Jobs Created 9

Jobs Retained 0

Loan Obtained 400,500.00$

Sales Increase 539,000.00$

Owner Investment 300,000.00$

Other Capital 81,000.00$

Contracts -$

Business Starts 1

Targets accomplished or Exceeded

Seminars 2016

SBDC ClassesReady, Set, Link – LinkedIn 101Facebook 101Powerful Pins – Pinterst and BusinessWebsite Building 101Cheri RuskusStop Bugging and Start EnrichingGrowing Your Business with Social MediaBuilding Your Marketing ToolkitDon’t get punished by Google - SEORay Burrasca10 Unbreakable Rules of Crowdfunding

New this YearBranding Basics – Ken KingTaking Your Social Media to the Next Level - TribuneMarketing Madness Exposed – Local Marketing Expert PanelPower of the INBOX - webinarCrafting the Right Message – GrowthWheelAmplify the social proof of your business – webinarDigital Marketing trends for small business – webinarThe never ending sales funnel - webinarMarketing and Communication – Merle Rhodes

Colorado a Top 10 State for Entrepreneurs

� Denver 5th best place for millennial-aged entrepreneurs, NerdWallet

� 6th best in 2014 State New Economy Index, The Information Technology and Innovation Foundation

� Boulder 7th best start-up city in America, Popular Mechanics

� Denver 7th best city in America for female entrepreneurs, NerdWallet

� 8th most small business friendly state, Ewing Marion Kauffman Foundation and Thumbtack.com

� 9th best state for entrepreneur-friendly policies and costs, Small Business and Entrepreneurship Council

� 10th for state entrepreneurship activity, Bureau of Business Research at the University of Nebraska-Lincoln

Colorado Small Business Facts

Total: 612,800 small businesses, 2.1 million people

172,300 wage & salary companies with <100 employees

98.3% of all private wage & salary companies (97.7% U.S.)

Employed 1.3 million people in Q2 2014 (63% of Colorado private wage & salary employment)

440,500 non-employer firms

Basis of livelihood of about 837,000 proprietors

48% male-owned, 29% woman-owned, 19% equal

11% minority-owned

Sources: U.S. Small Business Administration; Colorado Department of Labor & Employment; U.S. Census Bureau.

State 2015 Impact (1/19/15)

Clients Consulted: 5,722

Training Attendees: 13,488

Jobs Created: 1,184

Jobs Retained: 2,113

Business Starts: 216

Increase Sales: $75,797,136

Contracts Obtained: $24,537,293

Capital Formation: $162,162,757

*All impact is collected and verified directly from our clients

Questions?