The Isenberg School is state headquarters for the Massachusetts Small Business Development Center (MSBDC) Network, a federal-state partnership providing one-to-one free, comprehensive and confidential services focusing on business growth and strategies, financing and loan assistance, and strategic analysis.
The statewide program has three integrated product lines: Business Advisory Services, Government Contracting and International Trade Services. Services are delivered though a statewide network of skilled professionals supported by a vast network of federal, state, educational and private sector partners. In addition, low-cost educational training programs are offered across the state targeted to the needs of small business.
In Fiscal Year 2012, the MSBDC Network provided business advisory services and training assistance to over 8,800 individuals. During that time, MSBDC business advisory services helped businesses secure $39.6 million in small business loans, $49.5 million in federal procurement contracts and increased company sales by $240 million as a result of assistance from the Massachusetts Export Center. The program contributed to the local economy by creating and retaining 1,695 jobs in Massachusetts.
The MSBDC provides internships for Isenberg School students and has an impact in the classroom. MSBDC business advisors teach a popular Isenberg School course that highlights their experiences with real businesses. Students in the School's senior-year capstone strategy course do case projects involving MSBDC clients.
For further information about the MSBDC and its programs, visit the MSBDC's website or contact:
Georgianna Parkin, State Director