Economic Development – Small Business

One of the many resources we make available to people interested in opening or expanding a small business in Middletown is the Small Business Development Center.   The City funds much of the Middletown SBDC and we provide office space in the City building to support their services.

Middletown’s Small Business Development Center (SBDC) is staffed full-time by certified Small Business Counselors, working in partnership with the U.S. Small Business Administration (SBA) to support small business development in Ohio. The SBA affiliation provides a national data network for business support and service referrals. A variety of services are available and all are offered at no charge. Regularly held SBDC workshops include starting your own business, small business tax workshop, marketing fundamentals, website/ online marketing, loan options, human resources, quickbooks and maximizing sales.  Last year, the SBDC staff invested over 1,482 hours locally assisting small business.

You can find more information about the SBDC at: www.butlercountysbdc.com

We are especially proud of the work of the Middletown SBDC as the Middletown office is second in the State of Ohio for capital infusion and third in the State of Ohio for new business starts for the fiscal year ending September 30, 2015.

During the past year, Middletown SBDC met with 292 customers, resulting in further planning with 76 potential new businesses.   Thirty three new businesses were started creating 80 new jobs in the City of Middletown.  Twenty-two new loans were obtained by assisted businesses in the amount of $10,100,901.  With owner capital contributions of $1.5 million and over $ 5million in other capital infusions, businesses working with the SBDC provided a total of $16,841,211 in new capital formation in the City last year.

I’d like to thank the SBDC staff for their dedication to Middletown and their great results last year.  If you are thinking about opening or expanding a small business, feel free to reach out to the SBDC staff through the link above.

 

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