The Joint Commission on Economic Development met on July 24, 2022 and heard a presentation on the Small Business Development Center (SBDC).
The SBDC is a hybrid between state and federal governments. As such, it receives funding from both levels of government. The agency has 13 centers across the state and services all 55 counties. West Virginia has about 113,000 small businesses and 98 percent of WV businesses are considered small businesses by the Federal Government.
The agency received funding from the cares act, which has helped the agency better serve the state’s small businesses with cyber security and succession planning. To continue to do more and continue to put small businesses at the forefront of the state, more funding is needed.
