/news-archive/tag/economic-growth/ 糖心Vlog传媒 Little Rock Fri, 01 Nov 2019 12:29:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 /news-archive/2019/11/01/abstdc-study/ Fri, 01 Nov 2019 12:29:07 +0000 /news/?p=75530 ... Job growth 25% higher among businesses assisted by ASBTDC]]> Employment growth for ASBTDC clients was聽25.2 percent higher than for the average Arkansas business last year. Businesses served by the ASBTDC network in 2017 added an average of聽1.7 jobs聽each in 2018, according to a recently released analysis of the program鈥檚 economic impact. The study looked at how businesses assisted in the 2017 calendar year performed in 2018. Clients who received five or more hours of consulting were asked about sales and employment changes and financing obtained, as well as their opinion of ASBTDC services. Businesses responding to the survey said they聽added聽1,757 jobs聽in 2018 and retained another聽912 existing jobs, thanks to the center鈥檚 assistance. Sales growth was聽31.6 percent higher聽for client businesses compared to the average business in the state. Clients with established businesses saw an average sales increase of $231,671, while clients who started businesses recorded average sales of $159,422. The study also found that the center helped businesses generate nearly $8.1 million in state tax revenues and $4.4 million in federal tax revenues last year. Clients generated a return on investment of聽$5.43聽for every dollar invested in the ASBTDC program, the study concluded. 鈥淪mall businesses in all industries across the state turn to us to help them achieve their goals,鈥� said聽Laura Fine, state director.聽 鈥淲e are here to help both startups and existing businesses plan effectively, obtain financing, and increase their sales. This study demonstrates the effectiveness of our services and the contributions our small business clients are making to Arkansas鈥� economy.鈥� Dr. James J. Chrisman, an independent consultant, authored the study. Chrisman calculated changes in clients鈥� employment and sales data from the year they received assistance to the following year, then compared the results with the average changes for all Arkansas businesses during the same time period. Unique among the state鈥檚 economic development organizations, ASBTDC services are available to businesses from any county in Arkansas, in any industry sector, at any stage of development. The program is funded by the University of Arkansas at Little Rock and six other state universities in partnership with the U.S. Small Business Administration.]]> /news-archive/2019/02/06/asbtdc-small-business-clients-capital-funding/ Wed, 06 Feb 2019 14:12:58 +0000 /news/?p=73300 ... ASBTDC helps small business clients get $90 million in capital funding in 2018]]> Current and prospective small business owners who worked with ASBTDC obtained loans and other capital investment totaling $90,513,828,聽a record聽for the program. In addition, ASBTDC helped clients increase sales by聽$60.9 million, retain聽944 existing jobs, and start聽132 businesses聽last year. 鈥淲e take pride in serving Arkansas entrepreneurs and small business owners, helping them start and grow businesses that in turn strengthen and sustain the state鈥檚 economy and communities,鈥� said ASBTDC State Director Laura Fine. 鈥淥ver 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.鈥漖]>