MISSISSIPPI SMALL BUSINESS DEVELOPMENT CENTER

IMPACT 2022

With over 20 sites and centers located throughout the state, the Mississippi Small Business Development Center’s (SBDC) mission is to support our small business ecosystem by providing business expertise and resources that drive success.

Who we are

how we serve

Connection

Small business ownership can feel lonely. One-on-one counseling with a qualified SBDC Business Counselor offers entrepreneurs an opportunity to have their own “team.” All SBDC clients have access through their business counselor to a statewide network of business experts, resources and support.

education

Knowledge is power. We equip our entrepreneurs with education and access to resources through collaboration with the state’s research universities and community colleges. These important alliances allow us to tap into resources and offer them to the small business owners of Mississippi.

Guidance

It’s all about helping business owners make the best decisions at every stage of their business’ life cycle – from startup to expansion to succession planning. We provide access to any resource they need in order to achieve success.

Welcome!

Owning a business is THE American dream.

At Mississippi SBDC, we are fortunate to be a part of helping that dream come true for many Mississippians.

This report shares some of our efforts to help Mississippi’s entrepreneurs and business owners attain that dream and keep it alive no matter what challenges they face.

We are proud of the work we do, and the result it has on our communities and the small business ecosystem of our state.

The Voices of our clients

Starkville Cafe

“If you have a new business, a growing business, or if you have a current business and you're struggling, or even if you're doing well, I honestly think you would be foolish not to reach out to a resource that's in your back corner.”

- John Peeples - Owner, Starkville Cafe

Squared Up

“My business counselor always told me 'You got time, you were built for this, you were made for this, and you're doing it.' She is my biggest cheerleader... That continued encouragement inspired me to keep pushing and to help grow other people at the same time.”

-Chris Goree - Owner, Squared Up Designs

NunoErin

“We really appreciate Tony for taking the time to come visit and share his knowledge of the international shipping process with us to help us increase business worldwide. Looking forward to continuing to work with him.”

— Erin Hayne, Co-Founder & President

Photo : From left to right: Erin Hayne, Co-Founder & President, Nuno Gonçalves Ferreira, Co-Founder & Creative Director, Anthony Cambas, Manager of International Trade, Mississippi SBDC, Kevin Laird, National and International Account Manager

using Technology to provide opportunity

Virtual Access Centers

VIRTUAL ACCESS CENTERS are A collaboration with the Mississippi SBDC & Community colleges around the state

55-inch Microsoft Surface Pro Hubs are being installed at 27 sites around the state. They are conveniently located at community colleges so that Mississippi SBDC can expand our reach and provide business services and resources.

LEARN MORE HERE

melp

Funded by SBA’s Portable Assistance Grant, MELP provided technical assistance services for three federal fiscal years (2020-2022).

MELP was designed to promote small business sustainability, delivered in areas under severe economic distress caused by diminishing business or government operations.

mississippi

entrepreneur

launchpad

program

capital formation

$2,547,124

business starts

59 jobs created

76

Mississippi SBDC offers a variety of international trade advising and training services to entrepreneurs and small and medium size businesses statewide that are often specifically tailored to the needs of the client being served. International trade advisory services and training focus areas include:
- International trade assistance for goods, services and technologies
- Export Readiness Assessments
- Development and Deployment of International Business Strategy
- International Business Plans
- Export Plans
- Global Management
- International Trade Marketing
- Trade Finance and payments
- Global sourcing and supply chains
- Harmonized System (HS) classification
- Import/Export compliance
- Free Trade Agreements qualification and certification
- Shipping and logistics
Meet Anthony Cambas, International Trade Manager
Mississippi SBDC offers specialized market research for clients statewide. Data and information included in each reports depend on the specific need of each client. Information provided in the market analysis can include:
- Market Trends
- Success Factors
- Industry Outlook
- Industry Data
- Financial Benchmarks
- Valuation Statistics
- Local Market Data
The Market Research team takes the aggregate data compiled for each report and provides a written final analysis with 2-3 recommendations for the client to start and/or grow their business venture.
In today’s environment, an online presence is essential to most businesses. In order for them to sustain their growth and survivability, businesses increasingly need to rely on digital commerce and virtual operations.
Mississippi SBDC provides
• On-Demand Videos: Basic Cybersecurity Hygiene / Cybersecurity and Data Protection
• Guidebook - Addresses the practices for CMM Level 1
• Policy Workbook - Foundation document for owner to write their own policies
Mississippi SBDC is not a certifying body, has no affiliation with the CMMC Accreditation Board (CMMC-AB), and this is not considered a CMMC certification.
Mississippi SBDC offers financial analysis for a business targeted to providing owners and their bankers with accurate information about the business’s financial performance. The analysis work is tailored specifically to each business client and can include financial cash-flows, cost accounting & product profitability, financial ratio trends, and profit & loss forecasts and debt-service-coverage ability.
We offer specialized financial analysis tailored to each client’s needs, including:
- Financial Cash Flows
- Cost Accounting & Product Profitability
- Financial Ratio Trends
- Profit & Loss Forecasting
- Debt Service Coverage Ability
Meet Don Calcote, Business Counselor and Financial Analyst
Mississippi SBDC provides technology commercialization assistance for clients. Services provided depend on the individual needs of the client, but can include:
- Business plan assistance
- Slide Deck preparation
- Priority searching
- Feasibility studies
- IP basics
Mississippi SBDC also can help clients make connections to funding sources, including seed capital, angel networks, and SBIR/STTR grants.

Targeted Business ProgramS

#morethanabusinessplan

we are stronger together

Growth

Hancock Whitney partners with Mississippi SBDC to bring support to small businesses

Collaboration

We are excited to be a part of the Mississippi Secretary of State’s office “Welcome to Business” webinars for new business owners.

Expansion

New Mississippi Delta Center

AND

Mississippi expands into southwest corner of state with collaboration with the Marion Co. Development Partnership

Statewide Impact FFY 2022

294 New business starts

capital formation $81.12 million

939 jobs created

5,821 jobs saved

PPP Impact

419 loans processed
$16.22 million total

eidl Impact

483 loans processed
$35.27 million total

District One impact

Business starts

44

Jobs created

131

Jobs saved