RCEDA 8.5x11 Report d3

Coachella Valley Small Business Development Center In 2016, EDA applied to be the operator of the Coachella Valley Small Business Development Center (SBDC) on behalf of the U.S. Small Business Administration and SBDC Lead Center, Cal State Fullerton. As the successful applicant, EDAwill receive over $200,000 in annual funding to provide in-depth, high-quality assistance to small business owners and prospective small business owners in complex areas that require specialized expertise. These areas may include, but are not limited to: management, marketing, financing, accounting, strategic planning, regulation and taxation, capital formation, venture capital, procurement, human resource management, production, operations, economic and business data analysis, engineering, technology transfer, innovation and research, new product development, product analysis, plant layout and design, computer application, business law and referral, exporting, office automation, site selection, or any other areas of assistance required to promote small business growth, expansion and productivity in the State. SBDC Statistics:

22 Business Start-Ups 31 Jobs 277 Entrepreneurs Trained $1.5 Million Capital Infusion In Process 164 Clients Counseled

Small Business Assistance Services The Economic Development division partners with the Inland Empire and EPIC Small Business Development Centers and the Coachella Valley Economic Partnership to offer numerous services to the County’s business community. These organizations had the following economic impact: 74 Business Start-ups

186 Jobs Created 94 Jobs Retained $12.7 million Total Economic Impact

8 www. r i v c o e d a . o r g