• Sun. May 26th, 2024

Ely’s Vibrant Economy: How the Northland Small Business Development Center is Fostering Growth and Success

BySamantha Jones

Mar 28, 2024
Data shows the thriving economy of Ely

In 2023, Ely was identified as a key player in business development, as reported by the Northland Small Business Development Center (SBDC). This information was brought to light after a presentation by the Northland SBDC to the Ely Economic Development Authority on Jan. 30. Following this presentation, Ely City Council member Adam Bisbee requested a report detailing the impact of Northland’s services on Iron Range communities. The SBDC recently delivered this report, emphasizing the vibrancy of the Ely economy.

The Timberjay observed a connection between the number of jobs created or retained and the amount of Northland consulting hours and clients served. This suggests that utilizing Northland’s business services can lead to growth in local small businesses. The Northland SBDC is a division of the U.S. Small Business Administration that offers free consulting and business training to small businesses, start-ups, and aspiring entrepreneurs. The program is funded by federal, state, and local governments, with the Ely Economic Development Authority contributing $4,000 annually to the Northland SBDC.

EEDA President Paul Kess expressed satisfaction with the investment, stating, “I think we’re getting our money’s worth.” The Northland SBDC serves communities on the Iron Range and plays a crucial role in promoting economic development and small business growth in the region. According to Kess, “The Northland SBDC has been instrumental in helping our businesses thrive and grow.” With its focus on supporting local entrepreneurs and small businesses, it is clear that this investment has had a positive impact on Ely’s economy.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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