UC Merced SBDC tallies its impact
March 20, 2017
• Says it has secured $40.9 million in financing for small businesses
• “This is a wonderful success story for our region”
Clients of the University of California, Merced, Small Business Development Center Regional Network obtained $40.9 million in financing last year, the university says Monday.
The funding was in the form of loans and equity.
The network is a nationally accredited program in technology and innovation that works with California State University campuses in Fresno, Bakersfield, Monterey Bay and San Luis Obispo, along with the Valley Sierra SBDC in Modesto and Merced. The network's footprint covers a 14-county region in central California.
UC Merced says the network provided business-consulting assistance to 1,741 small businesses, and 3,011 entrepreneurs participated in training events in 2016. In addition, the SBDC helped 125 new businesses open to create and retain more than 1,200 jobs.
"This is a wonderful success story for our region and the communities,” says Carlos Mendoza, district director for the U.S. Small Business Administration, Fresno District Office.
The UC Merced SBDC Regional Network is one of 63 state programs in the America’s Small Business Development Center Network.