ASU Small Business Center Wins Regional Award
November 15, 2011
ASU received the award for its high achievements in client jobs created, client job retention and client capital infusion during fiscal year 2011, which ran Oct. 1, 2010 through Sept. 30, 2011, said Mary Peters, associate regional director of the network. By winning the award for the first time in its 22-year operating history, the Angelo State SBDC will now compete for a national award to be presented at the National Small Business Week Conference next spring in Washington, D.C.
For fiscal year 2011, the ASU center achieved the highest job creation rate in the region with an average of 66 jobs created for each of its six full-time employees. The total number of jobs created was 394.
Additionally, the ASU SBDC helped area businesses retain 111 jobs, surpassing the goal of 108. The ASU center also helped its clients through loans and investments inject a total of $8,345,813 into their businesses, either through new start-ups or expansions of existing businesses, surpassing the regional goal of $7 million. Regional goals for the number of instructional seminars and workshops conducted were also exceeded.
“Your center has also logged impressive training numbers and employed innovation to get you there, as well as charting new territory with your efforts to truly serve the rural, yet critical communities of the Concho Valley through the Rural Business Program,” Peters said via e-mail.The ASU center was chosen for the top honor over nine other regional field offices in Alpine, Austin, Corpus Christi, Eagle Pass, Edinburg, El Paso, Laredo, San Antonio and Victoria.
Angelo State’s SBDC serves as a free business resource for business owners and prospective entrepreneurs seeking advising, training, guidance and other available resources. Some areas of expertise include business planning, business financing, human resources, marketing and government procurement. The ASU center serves the entire Concho Valley, including Irion, Tom Green, Concho, McCulloch, Mason, Menard, Kimble, Sutton, Schleicher and Crockett counties.
The U.S. Small Business Administration generally defines small businesses as those with 500 or fewer employees. Businesses in the service industry also need to have less than $21.5 million in annual receipts, while retail industry businesses must have less than $21 million.