Ely Small Businesses Thrive with Northland SBDC Services: Report Shows Outstanding Results on Iron Range

By Eleanor Harrison Mar28,2024
Ely economy vibrantly reflected in data

Ely small businesses experienced significant growth in 2023, as highlighted by data presented to the Ely Economic Development Authority (EDA) on Jan. 30. This prompted Ely City Council member Adam Bisbee to request a report on the impact of Northland Small Business Development Center (SBDC) services on Iron Range communities.

The report revealed that Ely businesses had raised more capital, had more business start-ups, and created and retained more jobs than other communities on the Iron Range. Additionally, Ely had the highest number of clients receiving Northland services and the highest number of consulting hours provided by Northland.

According to The Timberjay, there was a clear correlation between the number of jobs created or retained and the number of consulting hours and clients served, indicating that utilizing Northland’s business services promotes local small business growth.

The Northland SBDC is a part of the U.S. Small Business Administration and offers free consulting and business training to small businesses, start-ups, and aspiring entrepreneurs. The program is funded through federal, state, and local governments, with the Ely Economic Development Authority contributing $4,000 annually. EEDA President Paul Kess expressed satisfaction with the return on investment in Northland’s services during a discussion of the data.

By Eleanor Harrison

As a content writer at newseasoning.com, I infuse flavor into words, crafting compelling stories that captivate and inform our audience. With a keen eye for detail and a passion for creativity, I strive to create content that not only engages but also inspires. Whether I'm concocting a savory blog post or whipping up a spicy product description, I pour my heart and soul into every piece I write. Join me on this flavorful journey as we explore the tantalizing world of content creation together.

Related Post

Leave a Reply