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South-West Texas Border SBDC's are Open for Business ** Details

Our Impact

Our Impact
Building The Texas Economy One Business At A Time

On behalf of the South-West Texas Border SBDC Network, it is my pleasure to present our 2020 Annual Report.

When COVID-19 stay-at-home orders were first issued March of 2020, UTSA South-West Texas Border Small Business Development Center (SBDC) Network immediately pivoted small business advising and training services for virtual delivery. Additionally, CARES Act funding administered by the U.S. Small Business Administration (SBA) allowed the SBDC to bring additional resources to its 79-county service delivery area with the launch of a new, specialized program to complement its existing footprint: the UTSA SBDC COVID Business Recovery Accelerator.

The Accelerator provides a lifeline of support to small business owners recovering from an unprecedented disaster, COVID-19. Our team of professional SBDC Business Advisors are equipped to address these owners’ needs regarding reopening, supply chains, safety, training, cybersecurity, accessing SBA Economic Injury Disaster Loan (EIDL), SBA Paycheck Protection Program (PPP) loans and more.

To date, the UTSA South-West Texas Border SBDC Network has assisted more than 11,858 entrepreneurs with COVID-19 disaster-related business assistance by phone and using online platforms to communicate, resulting in over $51 million in EIDL, PPP, other SBA loan products, and local grant and loan program funding.

In 2020, because of SBDC services, our clients grew revenue three times faster and grew jobs nearly five times faster than the average Texas small business. Our small business clients acquired a total of $173 million in new financing, had 10,882 created and saved jobs, and generated $28 million in new tax revenues to the Texas and U.S. economy.

I am proud to be a part of this great team, “Building the Economy One Business at a Time.”

For over 30 years, the South-West Texas Border SBDC Network has served thousands of small businesses, creating a positive return on investment for the state of Texas. Thank you to all key stakeholders—our skilled team of advising professionals and staff, our advisory board members, and U.S. and Texas legislators. With your support, we are able to ensure that the investment provided by our funding partners continues to generate strong economic impact to the state of Texas and U.S. These impressive results are depicted on the following page.

Al Salgado, Director
Executive Director | South-West Texas Border SBDC Network

To download the full 2020 South-West Texas Border SBDC Network Annual Report: CLICK HERE

 

 

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The Institute for Economic Development is funded in part through the State of Texas and a Cooperative Agreement with the U.S. Small Business Administration. Reasonable accommodations for persons with disabilities or limited English proficiency will be made if requested at least two weeks in advance.