Economic impact of Napa Valley College
Napa-Sonoma SBDC: $17.2 million in 2016
Nearly $17.2 million in small business sales in Napa and Sonoma counties in 2016 are attributed to the Napa Valley College Napa-Sonoma Small Business Development Center (SBDC).
That compares to $20.6 million in sales a year earlier, according to Mary Cervantes, Business Services Director.
"In 2016, our 17 Napa-Sonoma SBDC business advisors dedicated 2,564 hours working with 486 entrepreneurs to create 178 new jobs, an increase of 10 percent over 2015," said Cervantes.
In the area of small business expansion, the SBDC helped entrepreneurs acquire an additional $8.38 million in loans and owner-equity investments – an increase of 15 percent over the previous year, she added.
The SBDC also accounted for 46 new business start-ups – an increase of 9 percent over the previous year.
The 152 business workshops conducted by the SBDC in 2016 attracted 856 attendees.
"These figures show that the small business climate is good and business growth is progressing," Cervantes added.
Administered by Napa Valley College, with offices in Napa and Santa Rosa, the SBDC is committed to connecting North Bay small businesses to educational, professional and financial resources through confidential, technical counseling and low-cost workshops.
More information is available at 256-7250, at email@example.com or on the web at www.napasonomasbdc.org.