Northland SBDC: The Catalyst for Small Business Growth in Ely and the Iron Range

Ely economy vibrantly reflected in data

Ely businesses have experienced significant growth in 2023, thanks to the support of the Northland Small Business Development Center (SBDC). The data was recently presented to the Ely Economic Development Authority on Jan. 30, and prompted Ely City Council member Adam Bisbee to request a report on the impact of Northland’s services on Iron Range communities. The report revealed that Ely businesses raised more capital, had more business start-ups, and created and retained more jobs than other communities on the Iron Range.

The Timberjay pointed out a correlation between the number of jobs created or retained and the number of consulting hours and clients served by Northland. This suggests that utilizing Northland’s business services promotes local small business growth.

The Northland SBDC is a part of the U.S. Small Business Administration and offers free consulting and business training to small businesses, start-ups, and aspiring entrepreneurs. The program is funded through federal, state, and local governments, with the Ely Economic Development Authority contributing $4,000 annually. EEDA President Paul Kess expressed satisfaction with the return on investment in Northland’s services during a discussion of the data.

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