The Commissioners of St. Mary’s County this week approved a Memorandum of Agreement between the County and the College of Southern Maryland to maintain the local Small Business Development Center (SBDC). The County will allocate $37,500 from the FY 21 budget to fund its share of the program.
The SBDC, Southern Region, provides market research, cash flow analysis, training, and mentoring services to small-business owners and startups located Calvert, Charles, and St. Mary’s Counties and is a branch of the Maryland SBDC.
Strengthening Maryland’s small businesses contributes directly to the growth of local, state, and national economies. This in turn creates jobs, contributes to enhancing quality of life, and expands the local tax base – enabling counties to better provide core services for Maryland families and businesses.
The Maryland SBDC links private enterprise, government, higher education, and local economic development organizations to provide high-quality training, confidential consulting, and market and industry research to Maryland’s small businesses.