Political Quotes

On the recordMarch 21, 2018
Mr. President, today, as the ranking member of the Senate Committee on Small Business and Entrepreneurship, I wish to recognize America's small business development centers, SBDC, and the vital role this national business assistance and counseling network plays in supporting economic development, job creation, and success at our Main Street small businesses. The mission of the nationwide SBDC network is to help America's entrepreneurs realize the dream of businessownership and assist existing small businesses in adapting to the changing marketplace and compete in the global economy. SBDCs are hosted by universities, colleges, and State economic development agencies and funded in part by our Small Business Administration. There are nearly 1,000 SBDC service centers and 4,000 SBDC consultants available to provide free and low-cost business consulting and training to help entrepreneurs write a business plan, access capital, market their products, and recover when a disaster strikes. SBDCs offer a great return on investment for taxpayers. It is estimated that SBDC small business clients create a new job every 5 minutes and a new business every 30 minutes and generate $100,000 in capital every 10 minutes. Job growth for SBDC clients is more than 14 times higher than job growth for an average business.…
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Ben Cardin
Democratic · Maryland

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