Lehigh University’s Small Business Development Center Wins Top Prize

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The United States Small Business Administration has announced that Lehigh University Small Business Development Center is the recipient of its 2022 Pennsylvania Small Business Development Center Excellence and Innovation Award.

Lehigh University SBDC serves the greater Lehigh Valley and was one of the first centers launched over 40 years ago to serve small businesses looking to start, grow and thrive in Pennsylvania.

“We are honored and very proud to serve small businesses in Upper Bucks, Lehigh, North Montgomery and Northampton counties,” said Brett D. Smith, director of Lehigh University’s SBDC. “Our team is dedicated to helping small businesses succeed in the region. »

“The program has expanded Verry much under the direction of Brett, said Georgette Chapman Phillips, the Kevin L. and Lisa A. Clayton Dean of the College of Business. “It has increased its reach in underserved communities and expanded its services to support small businesses in the Lehigh Valley and beyond..”

Last year alone, Lehigh SBDC served over 900 entrepreneurs, resulting in 56 new business start-ups and record $26.7 million in capital formation for start-ups and existing businesses. In addition to one-on-one advice, they offer numerous webinars and trainings on many small business topics. Lehigh SBDC’s strengths include helping clients access capital as well as its bilingual export and procurement specialists.

“Because of their excellent reputation, knowledge of their consultants and their connections to the banking community, they help write business plan narratives and projections and help clients find financing for their businesses,” said said Dr. Ernie Post, director, Pennsylvania Small Business Network of Development Centers. “The Lehigh SBDC is truly an example of how all SBDC centers should be run.”

Lehigh Business is an internationally renowned college dedicated to the scholarship of the next generation of entrepreneurs. By aligning business with technology and data analytics, our global program makes the essential connections today’s business world demands. We are boundary breakers who encourage and facilitate learning across disciplines, boundaries and classroom walls. And with a distinguished faculty at the forefront of research, we provide a high-caliber education for tomorrow’s business elites to undergraduate students, graduates and working professionals.

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