The University of Louisiana at Monroe has received $2.5 million to fund operations at the Louisiana Small Business Development Center. The funds come from the U.S. Small Business Administration and Louisiana Economic Development.
The News-Star reports the ULM center is a nationally accredited program that provides business consulting to new and existing entrepreneurs for 11 parishes in northeast Louisiana and statewide.
Ron Berry, ULM Dean of the College of Business Administration, said the money will be used to maintain the center's role in providing significant support for the development, growth and resilience of small businesses all across Louisiana.
The LSBDC provides a variety of services, which include managing and supporting affiliate SBDCs across the state, as well as assisting small businesses with strategic planning.