LSU Small Business Development Center Reports Small Business Counseling Successes
BATON ROUGE – The Louisiana Small Business Development Center, or LSBDC, at LSU, operated by the Louisiana Business & Technology Center, or LBTC, at the LSU Innovation Park, assisted 408 small business clients and entrepreneurs in the fiscal year ending Sept. 30.
The LBTC/LSBDC Technology Center staff provided more than 6,000 counseling hours to clients, assisting them in obtaining $4,343,379 in capital infusion from loans, angel and venture investments. They also reported 11 new business starts and 78 jobs created during that period.
Bryan Greenwood, LSU SBDC director, stated, “The LSBDC Technology Center at LSU is extremely effective in counseling entrepreneurs and small business clients because of the support of Louisiana State University, which provides seven MBA graduate students to the SBDC to work with clients, as well as having the entire university’s faculty and student classroom groups available to assist client companies.”
Charles D’Agostino, LBTC Executive director, added, “Because the SBDC is located within the incubator, the counselors provide services to the 35 incubator tenants and the 24 student incubator companies, as well as the tenants of the Louisiana Emerging Technology Center and the outreach and affiliate clients of the incubator.”
The LSBDC conducted monthly training programs, which nearly 600 individuals attended.
This service is provided at no cost to the users, and the LSBDC Technology Center assists in developing business plans, financial models and marketing plans. Clients have access to LSU resources of the Colleges of Business, Sciences, Engineering, and Agriculture and the School of Veterinary Medicine.