The Ohio Small Business Development Center at Lakeland Wins a State Award for Capital Infusion

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The Ohio Small Business Development Center (SBDC) at Lakeland was recently recognized for its outstanding efforts to assist small businesses with securing capital infusion.

The center received an Ohio SBDC Economic Impact Merit Recognition Award for work completed during the 2017 fiscal year that ran from October 1, 2016, through September 30, 2017.

Cathy Walsh, director for the Ohio SBDC at Lakeland, attended the statewide conference that was held November 7th – 8th, in Columbus, Ohio to accept the award.

The Ohio SBDC at Lakeland received the merit recognition for exceeding their capital infusion goal by 360 percent. The initial goal was to help clients collectively obtain $9,700,000 in capital to invest in their businesses. That number was far exceeded with clients reporting $34,967,313 in capital infusion attributed to the assistance received from the Ohio SBDC at Lakeland.

About the Ohio Small Business Development Center at Lakeland Community College

The Ohio Small Business Development Center (SBDC) at Lakeland provides a variety of management assistance to existing and startup businesses in Lake and Geauga counties. This is mainly accomplished through workshops, seminars and one-on-one business counseling sessions. Services are offered at low or no-cost to the client. The Ohio SBDC program is partly funded through a cooperative agreement with the U.S. Small Business Administration. The program is also funded in part by the Ohio Development Services Agency. Visit their website for more information: Lakeland Community College Small Business Development Center

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