Colorado SBDC History
The SBDC program is the federal government's largest and most successful management and technical assistance program for small businesses. It is a partnership between the U.S. Small Business Administration (SBA) and America's Small Business Development Center Network (ASBDC), which boasts approximately 1,000 full-time service centers operating on an overall budget of roughly $230 million, with more than half of that budget resulting from cash and in-kind dollars from the program's many funding partners, including state and local governments, institutions of higher learning, private enterprise and local nonprofit economic development programs. The ASBDC provides services to more clients annually than all other SBA programs combined.
As early as the 1940s, legislation was introduced in Congress to establish university-based extension services. By 1953, Congress had created the SBA. This action reflected awareness at the federal level of the importance of small business to the nation's economy and the need for federal government involvement in fostering a climate in which small businesses could flourish.
The first SBDC programs were funded in the 1970s. The Colorado SBDC came into existence in 1987 and was hosted by the Community Colleges of Colorado until 1989. In 1989, the Governor's Office of Business Development (now the Colorado Office of Economic Development and International Trade) took over the program and is still the current host.
The Colorado SBDC Network now consists of 14 full-time centers and more than 50 part-time satellite offices across the state.