Economic Impact
The Arkansas Small Business and Technology Development Center (ASBTDC) offers a variety of services to assist entrepreneurs at various stages of business development and growth. Business consulting, training, market research, and innovation-based business assistance is provided via a statewide network of seven offices.
Arkansas businesses assisted by the ASBTDC provided significantly more economic impact than the average Arkansas small business over the last decade. ASBDC clients have an average sales growth 19% higher than the average Arkansas business and average employment growth 17% higher than the average Arkansas business.
Over the last decade, ASBTDC clients created 2.4 new jobs per day for a total of 8,575 new jobs. ASBTDC clients made $260,000 in new sales per day for a total of almost $1 billion in new sales. ASBTDC clients obtained more than $130,000 in financing per day for a total of more than $476.1 million in financing. Additionally, ASBTDC clients generated $42.3 million more in state and $23.8 million more in federal taxes than if they had performed like the average business in the state.