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MERCED — Clients of the University of California, Merced’s Small Business Development Center Regional Network obtained $40.9 million in financing for small businesses during 2016, the center said in a report.
“We value our partnership with the U.S. Small Business Administration to support small business and entrepreneurial assistance throughout central California. We have a dedicated team of professionals who provide outstanding assistance in order to build successful and sustainable business communities,” said UC Merced SBDC Regional Network Regional Director Diane Howerton.
The SBDC services are offered throughout central California under the leadership of UC Merced. The network is a nationally accredited program in technology and innovation that works with California State University campuses in Fresno, Bakersfield, Monterey Bay and San Luis Obispo, along with the Valley Sierra SBDC in Modesto and Merced.
The network provided business-consulting assistance to 1,741 small businesses, and 3,011 entrepreneurs participated in training events throughout the year. In addition, the SBDC helped 125 new businesses open to create and retain more than 1,200 jobs.
The UC Merced SBDC Regional Network is one of 63 state programs in the America’s Small Business Development Center Network.