Archived News |
March 6, 2013
LSBDC at Ā鶹¹ū¶³“«Ć½ receives accreditation by the U.S. Congress
The Louisiana Small Business Development Center at the University of Louisiana at Monroe (LSBDC) was recently awarded full accreditation.
The accreditation review, mandated by the United States Congress, is modeled after the Baldrige Criteria for Performance Excellence developed by the National Institute of Standards and Technology.
Accreditation qualifies the LSBDC to continue to receive Small Business Administration funds administered by the Office of Small Business Development Centers.
āThis achievement affirms our commitment to providing quality programs, the highest customer satisfaction and continuous improvement,ā said Mary Lynn Wilkerson, LSBDC State Director.
āMaintaining our accreditation is critical for the LSBDC to continue serving small businesses and supporting economic development across Louisiana.ā
The review process involves an intensive examination of leadership and organizational management, strategy development, client and stakeholder focus, service delivery and program performance.
These standards ensure that the investments made by the federal and state government, as well as the host institution of the statewide programāĀ鶹¹ū¶³“«Ć½āand local host institutions result in strong returns for Louisianaās small businesses and the overall economy.
The review team recognized the business continuity and risk management (BCRM) program, āReady for Anything,ā as a āBest Practice.ā
The program provides small businesses with education, training and business management assistance needed to minimize its losses and increase survivability when affected by workplace disruptions or natural and human-made disasters.
The review team also commended the LSBDC for their ongoing disaster response efforts following the oil spill and the five hurricanes that have struck Louisiana in recent years.
This January, the LSBDC recently received the highest rating offered by the U.S. Small Business Administrationās (SBA) Office of Entrepreneurial Development, Financial Examination Unit.
The rating, a Level I, signifies that the LSBDC is in excellent financial compliance standing, is self-certifying and its network budget has been appropriately managed.
This is the second consecutive year that the LSBDC has received a Level I rating.
About the LSBDC at Ā鶹¹ū¶³“«Ć½:
Over the last 10 years, through its partnership with Louisiana Economic Development and the U.S. Small Business Administration, the has LSBDC served over 116,000 small businesses - creating nearly 9,000 new jobs, 1,400 new businesses, $671 million in capital, and generated $693 million in new state income tax revenue.
Designated and funded as the stateās principal provider of small business assistance by Louisiana Economic Development, the Louisiana Small Business Development Center is the only statewide, nationally accredited program that provides business consulting to entrepreneurs at no cost.
Through a network of 10 centers, the LSBDC provides high quality one-on-one consulting, training and information resources to empower new and existing businesses.
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