Lead SBDC Director Mike Daniel ’99 (center) and Mihaylo Dean Morteza Rahmatian (second from right) hold a $75,000 check from Union Bank. The grant provides small business owners with assistance in finding the funding needed to start or grow their enterprises.
A diverse community stretching from the beach towns to the Coachella Valley, Orange County and the Inland Empire has limitless potential for today’s entrepreneurs. The Cal State Fullerton chapter of the Small Business Development Center (SBDC), housed in Mihaylo College, provides training and support for local business and future startups. Director Mike Daniel ’99 discusses the center’s activities and how students can get involved.
With a combined population of about 7.5 million, Orange County and the Inland Empire comprise one of the most important economic regions in the United States. Opportunities abound for businesses focusing on agriculture, the supply chain, tourism, financial services, real estate and many other fields. Yet entrepreneurship is not easy, with high costs, regulations and the difficulty of developing competitive advantage preventing many businesses from achieving success.
Assisting Local Small Businesses
The Lead Small Business Development Center (SBDC) at Mihaylo College is committed to giving local small businesses the resources they need to realize their dreams through no-cost consulting, low-cost financing, training programs and access to experienced mentors in the community. The Mihaylo center oversees six off-campus service centers, including the Orange County SBDC, OC Hispanic SBDC, Inland Empire SBDC, Coachella Valley SBDC, Launchpad SBDC and the TriTech SBDC, that are attuned to the unique needs and challenges of the communities they serve. Recognizing the diversity of the community, the SBDC can assist clients in languages such as Spanish, Mandarin, Vietnamese and Farsi, in addition to English. The center’s many events and workshops, held at locations throughout the region, provide tips on topics such as export assistance, taxes and marketing.
Partially funded by the federal Small Business Administration (SBA) and hosted by Cal State Fullerton, the regional network has provided more than $350 million in capital infusion, created or retained more than 1,500 jobs, and led to the creation of 200 new businesses during 2016. Read More