Today, March 15th, was recognized as “Small Business Development Center Day” throughout Minnesota thanks to Governor Tim Walz’s proclamation, and Rochester hosted a special event to honor the occasion.
An open house was hosted today at Rochester Area Economic Development Incorporated (RAED), to highlight the success of small businesses in local communities.
The Small Business Development Center consultants in Minnesota reportedly offered more than 52,000 enterprises with a total of 32,000 hours of advising services in 2022, as reported by the Department of Employment and Economic Development (DEED).
This resulted in the establishment of 152 new enterprises, the creation of 4,500 new jobs, and an increase in income for the state of over $200 million.
The director of the Small Business Development Center in Rochester, Mark Thine, has stated that his organization offers free advising services in a variety of areas, including loan structuring and marketing. He believes that the expansion of local companies is made possible by groups such as RAEDI.
“I believe that we continue to focus an excessive amount of emphasis on the macro concerns that are taking place. He suggests either higher interest rates or a larger workforce. “I believe that there are a lot of people who operate small businesses that open their doors every day. They are attracting new clients and delivering quality service, which are two things that, in my opinion, are the most important for a small business.
National Small Business Development Center Day was celebrated for the seventh consecutive year on Wednesday.