Program History
- Partnership program with the U.S. SBA
- Public/private partnership of federal government, state government, universities, and the private sector
- Funding: $1.7 M in federal funds; requires 50/50 match of cash/in-kind. $550,000 state funds
- 1985-First year of operation with four centers
- 1988 -Network expanded to fourteen centers
- 1991-$450,000 in state funding secured
- 2003-Restructure of network, increased number of centers
- State funding increased to $550,000
The Indiana SBDCS are:
- Statewide in coverage with ten centers based in chambers of commerce, economic development organizations, universities and units of government
- Comprehensive in scope of services provided
- Available to all types of small businesses in all stages of development
- Part of a national network of 1,000 centers
A complete history on America’s Small Business Development Centers (ASBDC) can be found at the: http://www.asbdc-us.org/About_Us/aboutus_history.html