EDC-VC’s SBDC provides resources to local businesses to promote jobs and growth

Online PR News – 03-March-2016 – Camarillo, Calif. – In 2015, EDC-VC’s Small Business Development Center of Ventura and Santa Barbara Counties again positively impacted the regional economy by exceeding its goals, serving 478 businesses in the region at no cost, and creating and retaining 489 jobs through its approximately 30 expert business advisors.

Of the businesses served, 315 were based in Ventura County and 124 in Santa Barbara County. The city of Ventura had the largest number of businesses seeking SBDC services, followed by Santa Barbara, Camarillo and Oxnard. The predominate industry sectors included Manufacturing, Wholesale and Retail Trade, and Leisure and Hospitality.

SBDC helped businesses served increase their sales by $26 million over their baseline, a 67% increase over the stated goal of $16 million in 2015. SBDC clients launched 52 new businesses, a 30% increase over the targeted goal of 40 for the year. SBDC also and helped businesses access more than $35 million in loans and equity infusions, exceeding its goal of $20 million.

“We continue to provide innovative targeted programs and services for new business development and to existing businesses poised for growth,” said Ray Bowman, director of the SBDC of Ventura and Santa Barbara Counties. “Through our collaborative loan program, we offer extensive post-loan technical support and ongoing financial analysis to help borrowers manage risk, and support their businesses’ sustainability and growth.”

In 2015, SBDC launched the free Virtual Business Advisor to help small- to medium-size businesses grow their skills to better access local and international opportunities. The platform is in partnership with the New Zealand-based company Qimono and clients at any of the eight SBDCs in the greater Los Angeles region can access the cloud-based program.

About SBDC:
EDC-VC’s SBDC is part of the Los Angeles Regional SBDC Network. The Small Business Development Centers are funded by the U.S. Small Business Administration, center host institutions and local partners. Funding is not an endorsement of any product, opinion, or service. All Federal and State funded programs are extended to the public on a nondiscriminatory basis. Special arrangements for individuals with disability will be made if requested in advance.

About EDC-VC:
EDC-VC is a private, nonprofit organization that serves as a business-to-government liaison to assist businesses in Ventura County by offering programs that enhance the economic vitality of the region. For more information about the Small Business Development Center and loan, manufacturing and international trade programs, contact Bruce Stenslie at 805-384-1800 ext. 24, or Or visit