Business Development Program releases economic impact results

In the past three years, the University of Missouri Extension Business Development Program (BDP) assisted Missouri companies with technical assistance and education resulting in:man holding chart showing economic impact

  • $666 million in increased sales
  • $661.9 million in new investments
  • $608.2 million in government contracts
  • $16.8 million in research grants

In addition, the programs assisted clients in creating or retaining 30,383 jobs.

“Small businesses are the job creators in our state and nation, creating investments, sales and quality of life in our communities,” says Mary Paulsell, director of communications for the BDP. “These results validate what economic development research has said for some time — that small, innovative and entrepreneurial companies hold the key to economic recovery.”

The BDP program works with a wide variety of companies each year. The economic impact many of those firms realize is self-reported by the business owners themselves through a verifiable process that guarantees their accuracy.

“These results demonstrate not only the ingenuity, determination and skill of the state’s businesses, but also the power of our technical assistance and education in creating healthy and sustainable Missouri companies,” Paulsell adds.

If you liked this post you might also like: