June 16, 2024

Ely Thriving: How Northland SBDC Helped Boost Business and Job Growth on Iron Range

1 min read
Data illustrates the thriving Ely economy

Ely has been a major player in business development in 2023, according to recent data from the Northland Small Business Development Center (SBDC). This was highlighted during a presentation made by the Northland SBDC to the Ely Economic Development Authority on Jan. 30. The data showed that Ely’s economy was thriving compared to other communities on the Iron Range, with more capital raised, more business start-ups, and more jobs created and retained.

The Timberjay reported on the connection between the number of jobs created or retained and the amount of Northland consulting hours and clients served. This correlation suggests that utilizing Northland’s business services can lead to 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 individuals interested in starting their own business. The program is funded by federal, state, and local governments, with the EEDA contributing $4,000 annually to serve Range communities.

EEDA President Paul Kess expressed his belief that they are getting their money’s worth from the Northland SBDC based on the data provided. This brief discussion of the Northland data showcased the positive impact that the SBDC’s services have had on Ely and other Iron Range communities.

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.