America’s Small Business Development Centers (SBDC), SBDC leaders, advisors, clients, partners and stakeholders gathered for the fourth annual 2018 Client Showcase and Reception on Tuesday, February 13 on Capitol Hill in Washington, D.C. The America’s SBDC Network showcased 11 SBDC clients from across the country, and Louisiana SBDC’s Lee Mallahan, III of Tadpole, LLC from Shreveport represented the state. Other SBDC clients were: Alt Ethos (Colorado), Dignitas Technologies (Florida), Gross-Wen Technologies, Inc. (Iowa), WaterStep (Ohio), Kepley Biosystems, Inc. (North Carolina), Play Impossible (Pennsylvania), S2S Surgical (Rhode Island), Taste Elevated (Texas), Whooshh Innovations (Washington), and MobCraft Beer (Wisconsin).
“What an honor to be a part of the Client Showcase in Washington, D.C.,” Mallahan said. “We appreciate the opportunity, help and talent the SBDC represents.”
Mallahan has worked with the Louisiana SBDC for a number of years for guidance on how to develop and manufacture his invention the Tadpole Tape Cutter, and how to evolve the invention into a successful business. From starting the patent search to now having the Tadpole in stores the project has definitely been successful, as the company now has the ability to produce 26,000 Tadpole parts per day and make 40,000 blades per day.
“The most important part of what SBDCs do is the clients. Our impact numbers for the national economy are impressive but, what is really impressive is the hard work, ideas and success of our SBDC clients. This showcase gives a glimpse at the array of innovators, and doers that SBDCs help every day all across the country,” said Charles “Tee” Rowe, President & CEO of America’s SBDC.
The 63 state and regional Small Business Development Center Networks provide free one-on-one consulting to small businesses through nearly 1,000 locations. Job growth for SBDC clients is nearly 10 times greater than job growth for average businesses, and SBDC client sales growth is nearly 4 times greater than sales growth for businesses in general.
According to data provided by the Small Business Administration (SBA), every federal dollar spent on the SBDC network helped small businesses access $43.50 in new capital. In 2016, SBDC clients started a new business every 30 minutes, created a new job every 5.5 minutes and generated $100,000 in new sales every 10 minutes. Small businesses are job creators and innovators. Supporting their formation and growth moves our economy forward and makes our communities healthier.