{"id":73921,"date":"2013-03-08T08:34:11","date_gmt":"2013-03-08T13:34:11","guid":{"rendered":"https:\/\/today.uconn.edu\/?p=73921"},"modified":"2013-03-11T09:17:54","modified_gmt":"2013-03-11T13:17:54","slug":"uconns-office-of-economic-development-to-lead-revitalized-small-business-development-center","status":"publish","type":"post","link":"https:\/\/today.uconn.edu\/2013\/03\/uconns-office-of-economic-development-to-lead-revitalized-small-business-development-center\/","title":{"rendered":"UConn\u2019s Office of Economic Development to Lead Revitalized Small Business Development Center"},"content":{"rendered":"
\"From<\/a>
From left, DECD Commissioner Catherine Smith, Gov. Dannel P. Malloy, Mary Holz-Clause, UConn’s Vice President for Economic Development, and Jeanne Hulit, SBA Associate Administrator for Capital Access, during a press conference launching the Connecticut Small Business Development Center initiative. (Shana Sureck for UConn)<\/figcaption><\/figure>\n

\u2018Start. Grow. Thrive\u2019 is the new mantra for the state\u2019s latest economic development initiative, the relaunched and rebooted Connecticut Small Business Development Center (CTSBDC).<\/p>\n

The center is a five-year, $11.6 million program to provide financial and technical assistance to businesses with 500 or fewer employees \u2013 which accounts for roughly 93 percent of Connecticut employers. And UConn\u2019s Office of Economic Development is in the driver\u2019s seat.<\/p>\n

\"Mary<\/a>
Mary Holz-Clause, UConn’s Vice President for Economic Development, announces the relaunching of the Connecticut Small Business Development Center. (Shana Sureck for UConn)<\/figcaption><\/figure>\n

The initiative was announced by UConn\u2019s Vice President for Economic Development Mary Holz-Clause on March 6, during Connecticut Business Day at the state capitol. She was joined by Gov. Dannel P. Malloy, Commissioner of Economic and Community Development Catherine Smith, and President and CEO of the Business Council of Fairfield County Chris Bruhl. The initiative combines resources and funding from state and federal government, the University of Connecticut, and the state\u2019s MetroChambers of Commerce. <\/b><\/p>\n

More than 75 people attended the announcement, including Larry McHugh, President of the Middlesex County Chamber of Commerce and Chairman of the UConn Board of Trustees, as well as members of the press and representatives from the federal government\u2019s Small Business Administration.<\/p>\n

\"Gov.<\/a>
Gov. Dannel P. Malloy speaks about the Connecticut Small Business Development Center as an example of the new partnership between state government and the business community. (Shana Sureck for UConn)<\/figcaption><\/figure>\n

\u201cThe reinvigorated Small Business Development Center takes our economic development strategy to a new level, combining the academic strength and resources of our flagship university with the knowledge and reach of our chambers of commerce, to bring technical and financial assistance to the sector responsible for the overwhelming majority of our jobs: small businesses,\u201d Malloy said. \u201cWhen we talk about building a new partnership between state government and the business community, this is exactly what we mean.\u201d<\/p>\n

Smith, the state\u2019s economic and community development commissioner, said, \u201cWith the passage of the governor\u2019s Jobs Bill in October of 2011, we deployed a full spectrum of innovative assistance programs, and traveled the state telling businesses about them. What hasn\u2019t gotten as much attention is the aggressive restructuring and integration of the state\u2019s varied and disparate economic development efforts into a unified, agile, and responsive team that is focused on identifying and anticipating the needs of our private sector partners. The Small Business Development Center serves as an engine for that ongoing process.\u201d<\/p>\n

During the press conference, Holz-Clause pointed out that the University is an ideal home for the SBDC, as the power of UConn\u2019s network of more than 100,000 alumni can be tapped to serve as both mentors and connectors for small businesses to ensure they are successful. In addition, the six regional campuses provide the SBDC with an established network of satellite sites that are already engaged in local, state, and national business development efforts.<\/p>\n

\u201cUConn is really focused on growing Connecticut\u2019s economy from the ground up,\u201d said Holz-Clause. \u201cThat\u2019s why this partnership is such a perfect fit for us. It builds on some of our existing strengths and gives us a front-row seat for truly exciting developments in the state\u2019s business community.\u201d<\/p>\n

UConn is already leading the way in boosting small businesses across the state, with initiatives like the School of Business\u2019 Family Business Program, the Connecticut Center for Entrepreneurship and Innovation, Innovation East, and the successful Technology Incubation Program, which has attracted small technology companies from other states and currently incubates up to 40 companies that are generating revenues of more than $19 million this year alone.<\/p>\n

The Small Business Development Center program, administered by the federal government\u2019s Small Business Administration, has been providing service to small businesses for more than 30 years and is one of the largest professional small business management and technical assistance networks in the nation with over 900 locations across the country.<\/p>\n

The SBDC in Connecticut was housed at Storrs until 2008, when it moved to Central Connecticut State University. Four years later, CCSU decided to focus on other initiatives and provided the state an opportunity to re-examine its approach to assisting small businesses in the state. UConn was tapped to re-invent the program to meet the new challenges Connecticut businesses face.<\/p>\n

Over the past several months, the Office of Economic Development has been finalizing what the revitalized SBDC will look like. Led by Holz-Clause and Bruhl, the group has focused on developing SBDC\u2019s core program offerings, trimming administrative costs, adding more counselors, and developing a new website (www.ctsbdc.org<\/a>) that will feature a host of online tools for clients, including offering online software to boost a firm\u2019s web presence and an online process for maximizing counselors\u2019 time and effectiveness.<\/p>\n

The program will fund 16 full-time positions and two part-time positions, with individuals located at each of the 11 service centers, including seven chambers and four regional UConn campuses, as well as the UConn campus in Storrs, and the Department of Commerce Export Assistance Center in Middletown.<\/p>\n

\u201cThe new SBDC is designed to focus more like a private sector business: close to its customers, interconnected, efficiently using scarce resources, and offering a slate of innovative new services,\u201d Bruhl said. \u201cWith a statewide network of 11 local SBDC offices, the Center strives to build the local ecosystem, recognizing that small business begins at the local level.\u201d<\/p>\n

For more information regarding the SBDC and its programs, please visit www.ctsbdc.org<\/a>. To learn more about UConn\u2019s Office of Economic Development, please visit www.innovation.uconn.edu<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The state’s latest economic development initiative will help boost small businesses.<\/p>\n","protected":false},"author":58,"featured_media":73928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wds_primary_category":0,"wds_primary_series":0,"wds_primary_attribution":0,"footnotes":""},"categories":[1],"tags":[],"magazine-issues":[],"coauthors":[117],"class_list":["post-73921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-25 13:03:42","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/posts\/73921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/comments?post=73921"}],"version-history":[{"count":5,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/posts\/73921\/revisions"}],"predecessor-version":[{"id":73940,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/posts\/73921\/revisions\/73940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/media\/73928"}],"wp:attachment":[{"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/media?parent=73921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/categories?post=73921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/tags?post=73921"},{"taxonomy":"magazine-issue","embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/magazine-issues?post=73921"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/coauthors?post=73921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}