August 2022

Greetings from the North Dakota Small Business Development Network (ND SBDC, ND PTAC, and VBOC of the Dakotas!)

As we enter the month of August, it can be shocking to realize that 2022 is more than halfway over! August is a time for individuals and businesses alike to reflect on the year thus far and identify their goals for the remainder. Our network is no different. We are constantly looking at our projected goals, accomplishments, and what is coming down the pipeline. We are happy to provide you with these Year-to-Date numbers and our impact on the small business community in our state.

Our ND SBDC service centers have served 1,360 unique individuals and small businesses this year in obtaining $70,200,658 capital. We have assisted with 55 new business starts and supported nearly 3,700 jobs across North Dakota. These small business impacts this year are excelling towards another record year of activity. We are excited to see how our small businesses will stimulate economic growth, provide employment opportunities, and advance innovation in our communities. Please see below for specific breakdowns of the work we have accomplished through June 30. If there are other data points that would be useful to you or your organization, please reach out to us at the Lead Center.

As always, if you or someone you know would like to schedule a no-cost advising session with one of our professional business advisors, register today.

Thank you,
Tiffany Ford, State Director
And all the Staff of the ND Small Business Development Network