UTSA business development center receives grant to help New Braunfels' entrepreneurs – UTSA

OCTOBER 27, 2022 — The New Braunfels City Council recently approved a $210,000 grant that will enable the New Braunfels office of the UTSA Small Business Development Center (SBDC) to continue to provide vital services to start-ups and growing businesses. The grant comes from the City of New Braunfels and the New Braunfels Economic Development Corp. to the Spark Small Business Center. The Spark Small Business Center then awarded funding to the UTSA SBDC.
UTSA SBDC office in New Braunfels operates via an annual contract with the Spark Small Business Center and offers free advising, market research, referrals and workshops to business owners and entrepreneurs who want to start a business or build an existing business.
Advising is one-on-one and confidential. Workshops are available for small business and future small business owners. Clients who need specialized services can also receive referral within the SBDC’s extensive network.
During fiscal year 2022, the New Braunfels center served 573 clients, held 21 training events, helped start or expand 21 businesses and created 60 new jobs. Seventy-five jobs were retained through the work of this office. For the year, a total capital infusion of $5,584,400 was attained for these New Braunfels business clients.
“We are grateful to the New Braunfels Economic Development Corporation, the New Braunfels City Council and the Spark Small Business Center,” said UTSA SBDC Director Richard Sifuentes. “By renewing the grant award, our advisors and staff members will be able to continue their excellent work in strengthening New Braunfels’ economy.”
The UTSA SBDC provides small business counseling in 11 counties of South and Central Texas. It is one of 10 centers and programs in the UTSA Institute for Economic Development that facilitate economic, community and business development at the local, regional and national levels.
Kevin Wier
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