ASBTDC Has Record-Setting Year Helping Our Region's Small Businesses

The Little Rock region is a great place for small business owners and entrepreneurs for a variety of reasons. One of the most important reasons is easy access to helpful resources to ensure success, and one of the best of these resources is the Arkansas Small Business and Technology Development Center (ASBTDC).

The ASBTDC is a university-based economic development program that assists business owners and entrepreneurs, both new and seasoned. They can help with every aspect of business creation, management and operation.

In 2018, the ASBTDC helped small business owners and entrepreneurs in Arkansas secure more than $90 million in capital funding and create 891 jobs. Current and prospective small business owners who worked with ASBTDC obtained loans and other capital investment totaling $90,513,828, setting a record for the program. They also helped clients increase sales by $60.9 million, retain 944 existing jobs and start 132 businesses last year.

“We take pride in serving Arkansas entrepreneurs and small business owners, helping them start and grow businesses that in turn strengthen and sustain the state’s economy and communities,” said State Director Laura Fine. “Over the last five years, with our help, our clients have created more than 3,400 jobs and acquired $355 million to invest in their businesses.”

With their main office in Little Rock, ASBTDC is posed to help all types of for-profit businesses in our region, from home-based to high-tech, and they can help your business, too. You can receive one-on-one confidential consulting and cutting-edge market research at no charge, or expand your expertise by attending training sessions which we often highlight in this newsletter.

To learn more about what ASBTDC has to offer, visit their website at http://asbtdc.org/ or call 501.683.7700.