Lakeland News Posting

Ohio Small Business Development Center at Lakeland wins state award for capital infusion

Posted: December 6, 2018

The Ohio Small Business Development Center (SBDC) at Lakeland Community College was recently recognized once again 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 2018 fiscal year that ran from Oct. 1, 2017 through Sept. 30, 2018.


Cathy Walsh, SBDC director at Lakeland and Certified Business Advisor®, attended the statewide conference that was held Nov. 14 and 15, in Columbus, Ohio to accept the award.


The Ohio SBDC at Lakeland received the merit recognition for exceeding their capital infusion goal by 330 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 $31,980,000 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.



Related Links:

  • Lakeland SBDC
  • By: Jessica Novak

    Media Contact:
    Jessica Novak
    jnovak@lakelandcc.edu
    440.525.7278