CT Businesses Received Boost from CTSBDC in 2022

July 25, 2023

In releasing its annual report highlighting 2022, the Connecticut Small Business Development Center (SBDC) said the year “may well be remembered as the year we all took a deep breath and pushed on ahead. Small businesses worked through the residual challenges of the pandemic and moved cautiously in the face of rising inflation and uncertain growth outlook.”

Connecticut Small Business Development Center’s trained and experienced full-time advisors work with a variety of small businesses in all industries and stages of development by providing no-cost advisory services. CT SBDC has 19 Business Advisors with expertise covering a variety of topics including small business lending, entrepreneurship, technology innovation, exporting, market strategy, and more. These advisors are organized as teams dedicated to focusing on four key areas – assisting clients in the pre-venture stage, with capital access, with customer acquisition, and with operations and processes.

During 2022, CT SBDC delivering 12,866 hours of advising and helping to create 536 jobs while serving 3,330 clients. Their team assisted entrepreneurs in launching 191 new businesses and helped clients secure an impressive $87 million in debt and equity investment.

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