{"id":254,"date":"2007-09-19T13:56:18","date_gmt":"2007-09-19T18:56:18","guid":{"rendered":"http:\/\/ezing.me\/transfer\/?p=254"},"modified":"2014-09-23T09:25:33","modified_gmt":"2014-09-23T14:25:33","slug":"small-business-economic-impact-study-provides-key-points","status":"publish","type":"post","link":"https:\/\/web20.olemiss.edu\/news\/wordpress\/small-business-economic-impact-study-provides-key-points\/","title":{"rendered":"Small Business Economic Impact Study Provides Key Points"},"content":{"rendered":"<p><span>OXFORD, Miss. &#8211; The Mississippi Small Business Development<br \/>\nCenters headquartered at the University of Mississippi<br \/>\nrecently completed an economic impact study on small<br \/>\nbusinesses around the state and learned several key<br \/>\npoints.<\/span><br \/>\n<br \/><!--more--><br \/><span>&#8220;We track economic impact and what we do internally every<br \/>\nyear but we wanted an objective outside of opinion,&#8221; said<br \/>\nAssociate State Director Mike Vanderlip. &#8220;Advice alone<br \/>\ndoesn&#8217;t make a difference, but applying good management<br \/>\nprinciples, understanding what the current best practices<br \/>\nare for small business and a complete grasp of the<br \/>\nregulatory requirements make a difference.&#8221;<br \/>\n<\/span><\/p>\n<p>\n\u00a0\n<\/p>\n<p>\n<span>The study looked at the financial information of small<br \/>\nbusinesses around the state that worked with the center and<br \/>\nthose that did not, then compared the information to<br \/>\ndetermine each group&#8217;s economic impact, Vanderlip said.<br \/>\n<\/span>\n<\/p>\n<p>\n<span>Results showed that MSBDC clients, in comparison to<br \/>\nnon-clients, did the following: created more jobs for<br \/>\nMississippi residents in 2006, were more likely to secure a<br \/>\nsmall business administration loan and showed steady rates<br \/>\nof sales growth.<br \/>\n<\/span>\n<\/p>\n<p>\n<span>Stephanie Noble, UM associate professor of marketing,<br \/>\noversaw the study, which involved two undergraduate<br \/>\nbusiness school students who conducted personal telephone<br \/>\nsurveys with 303 business owners.<br \/>\n<\/span>\n<\/p>\n<p>\n<span>&#8220;I was very pleased. The results speak for themselves and<br \/>\nshow the Mississippi Small Business Development Centers are<br \/>\nmaking an economic impact in the state,&#8221; Noble said.<br \/>\n<\/span>\n<\/p>\n<p>\n<span>The office located at UM is MSBDC&#8217;s state headquarters, and<br \/>\nthere are nine service centers throughout the state, as<br \/>\nwell as second locations and satellite offices. They<br \/>\nprovide technical assistance to small business owners and<br \/>\nentrepreneurs throughout the state.<br \/>\n<\/span>\n<\/p>\n<p>\n<span>&#8220;We help them make the management decisions they need to<br \/>\nmake for their business to help them get better, be better<br \/>\nand stay better,&#8221; said Vanderlip. &#8220;We provide good,<br \/>\nhigh-quality, meaningful advice that the client can<br \/>\nunderstand and use.&#8221;<br \/>\n<\/span>\n<\/p>\n<p>\n<span>MSBDC is working on a number of other projects. &#8220;We are<br \/>\ndoing some work right now with the people in Kansas,<br \/>\nputting together some federal proposals to get them some<br \/>\nextra money to help them respond to the disaster they have<br \/>\nhad there,&#8221; said Vanderlip. &#8220;We are extremely blessed that<br \/>\nour national association is as strong as it is, so when<br \/>\nHurricane Katrina hit, we could pick the phone up and call<br \/>\nNorth Carolina, New York and friends in Florida and see<br \/>\nwhat they did as a response to their disasters. Whether we<br \/>\nwanted to or not, we are like the disaster experts now;<br \/>\nthere&#8217;s no way you can go through something like Katrina<br \/>\nand not be an expert.&#8221;<br \/>\n<\/span>\n<\/p>\n<p>\n<span>For more information, visit<br \/>\n<\/span>\n<\/p>\n<p>\n<span><a href=\"http:\/\/www.olemiss.edu\/cgi-bin\/news2000\/display.pl?id=6339&#038;mode=full\"><br \/>\nhttp:\/\/www.olemissbusiness.com<\/a><br \/>\n<\/span>\n<\/p>\n<p>\n<span>or<br \/>\n<\/span>\n<\/p>\n<p>\n<span><a href=\"http:\/\/mssbdc.org\/\">http:\/\/mssbdc.org<\/a><br \/>\n<\/span><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>OXFORD, Miss. &#8211; The Mississippi Small Business Development Centers headquartered at the University of Mississippi recently completed an economic impact study on small businesses around the state and learned several key points.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[222],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small Business Economic Impact Study Provides Key Points - Ole Miss News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/news.olemiss.edu\/small-business-economic-impact-study-provides-key-points\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small Business Economic Impact Study Provides Key Points - Ole Miss News\" \/>\n<meta property=\"og:description\" content=\"OXFORD, Miss. &#8211; 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