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Business center provides financial assistance for local companies

Friday, April 11, 2014

Rayanna Anderson  officialSince 1982, the Small Business and Technology Development Center (SBTDC) of Missouri State University has helped local area businesses become more productive and profitable, thereby stimulating job and economic growth in Missouri’s thriving business sector.

Recently the SBTDC (now located in the eFactory) received a partial grant from the U.S. Small Business Administration, which provided $96,225 in continued funding for the center’s ongoing programs.

The grant funding goes to assist area businesses in 16 counties through one-on-one consultation, low cost financial analysis tools, economic marketing tools, plus a wide variety of educational training programs specifically geared toward business owners and key managers.

“Our SBTDC is extremely proud of the economic impact and educational results that we have been able to achieve throughout the more than 30 years that our local center has been in existence,” said Rayanna Anderson, director of the Small Business and Technology Development Center.

The SBTC’s 2013 economic impacts include:

  • Job creation: Assisted area businesses in retaining 542 jobs and in creating 165 new jobs
  • Loans and equity investments: Worked with both the Small Business Administration and area commercial loan officers to assist business owners in obtaining more than $14.3 million in approved loans and investments

About the eFactory

The eFactory- located in the Robert W. Plaster Center for Free Enterprise and Business Development- is a tech-focused business incubator and entrepreneurial development center providing resources, guidance and assistance to help businesses grow.

For more information, contact Anderson at (417) 837-2617.

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About Missouri State University
Missouri State University is a public, comprehensive metropolitan system with a statewide mission in public affairs, whose purpose is to develop educated persons. The university’s identity is distinguished by its public affairs mission, which entails a campus-wide commitment to foster expertise and responsibility in ethical leadership, cultural competence and community engagement.

College of Business
The College of Business is one of the largest business programs in the Midwest. The college includes four departments: computer information systems, finance and general business, management, marketing and the School of Accountancy in the business unit, as well as two separately-accredited departments: fashion and interior design, and technology and construction management. The COB, along with the School of Accountancy, hold the prestigious full accreditation by the Association to Advance Collegiate Schools of Business at both the undergraduate and graduate levels.

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