Impact

Utah SBDC Annual Report 2014

Helping Utah Businesses Sell More!
Client Sales increase in Excess of State Norm*
          Established Firms $14,269,840
          Start-Up Firms $21,092,200
 
          Aggregate Sales Impact $35,362,040
 
Positive Return on Tax Dollars Invested!
Estimated SBDC Client Tax Revenues in Excess of State Norm*
          State Tax Revenue $2,059,986
          Federal Tax Revenue $1,828,975
 
          Total Estimated Tax Revenue $3,888,961
 
More Utah Jobs for a Better Economy!
SBDC Client Jobs Added to Utah Economy*
          Total Jobs Created 537
          Existing Jobs Saved 139
 
          Total Jobs 676
 
Helping Obtain Capital to Start and Grow!
Client Loans and Business Investment - CY 2014**
          Client Loans/Investment Obtained $41,496,908
          SBDC Operating Costs (cash) $1,994,283
          Loan Leverage $20.81/$1.00
 
Serving All of Utah!
Client Counseling Hours- CY 2014**
 
14,100
          Number Clients 2,681
          Clients Trained 2,840
          Average Hours per Client 5.26

* The Utah SBDC participates in the ASBDC National Impact Study to document economic impact. The study analyzes the sales and employment changes, financing obtained, and tax revenues generated by a statistical sampling of established and pre-venture clients that received five or more hours of counseling assistance from the Utah SBDC in 2009-2014. The figures reflect an estimate of the increase in excess of the average of all Utah businesses. SBDC client businesses are much more likely to survive than non-client businesses. ** Internally generated figures from data gathered on an on-going basis by the Utah SBDC network.