In 2024, the Southwest Small Business Development Center at Southwest Minnesota State University in Marshall was recognized with the Minnesota Small Business Development Center Excellence and Innovation Center Award by the U.S. Small Business Administration. This award acknowledges centers that excel in supporting and promoting small businesses in their respective counties. The center provides no-cost business advising services to small businesses in 18 counties in southwest Minnesota, including consulting, training, and research for businesses at every stage of development, from start-up to growth to periods of transition.
The U.S. Small Business Administration is a federal agency dedicated to supporting the growth of small businesses. They operate through field offices across the country and work in partnership with public and private organizations to provide various resources and programs to help small businesses thrive. Minnesota’s Small Business Administration District Director, Brian McDonald, praised the work of the Southwest Small Business Development Center for their commitment to helping small businesses in the region succeed. He also highlighted how federal, state, and local funding can be used effectively to support entrepreneurs and drive economic impact at a local level.
The Southwest Small Business Development Center’s recognition is a testament to their dedication to serving the needs of small businesses in southwest Minnesota. Through their efforts, they are able to leverage resources and support from various levels of government to make a real difference in the local economy. This award highlights the importance of small business development centers in providing essential services and guidance to entrepreneurs looking to grow and succeed in their business endeavors.