Economic Impact

The Alabama SBDC releases an Economic Impact Snapshot annually.  This summary report includes economic impact data such as jobs created, new business starts, capital infusion, government contracts, advising hours, total number of companies served, and total number of training events + attendees.  The report includes ROI data that shows how many additional tax dollars are generated for the state and federal government for every dollar invested in the SBDC program.

Download the 2022 Economic Impact Snapshot here.

The Alabama SBDC carefully monitors and manages the demographic and geographic diversity of its clients; the chart above shows the clients we served last year. Each quarter, the SBDC analyzes its client database to ensure that every constituent in Alabama is able to access to expert business advisors and research at the SBDC.  Our goal is to ensure that minority-, woman-, and veteran-owned businesses are well-represented.  The SBDC conducts a county-by-county analysis of clients, to ensure that both our rural and metro areas are receiving an appropriate level of assistance.  The SBDC is intentional with its efforts to target and engage under-represented and under-served entrepreneurs and small business owners. The chart below shows who attended our targeted training events.