Small Business Consulting
The Small Business Development Center (SBDC) is a premier hub of business experts. The counseling team provides in-depth financial analysis and human resource functions. SBDC delivers technical assistance including operational analysis, increased profit earning strategies, and general “business turnaround” assistance for the prevention of layoffs. SBDC retains a high-level business management consultant with experience in business turnaround strategies. Also available is a human resources consultant with an extensive background in human resource management, employee retention policies, and workforce reduction strategies and support programs. Additionally, a loan and finance specialist can help you apply for any applicable operating capital or equity financing programs.
SBDC analyzes business operations with an emphasis on financial management, sales, marketing, and human resources. Advisors identify potential areas of reduction of operational costs and increased efficiencies. Advisors can develop turnaround plans for struggling businesses where job preservation is possible, e.g., incumbent worker training strategies. SBDC assists in negotiating with banks and lenders for debt consolidation and coordinates potential buyout plans. Advisors can review employer staffing needs. SBDC offers other retention services including referral to employment and training services, economic development agencies, business planning, and future growth plans.
An On-the-Job Training subsidy is also available for employers who hire qualifying Department of Rehabilitation (DOR) participants. Funding is intended to help offset the cost of providing on-the-job training by the employer.
A counselor and employment specialist are available to support the employer and trainee during this training period. The training agreement is developed between all parties involved in outlining the job and training needs.
The On-the-Job Training Agreement with DOR may take an average of two weeks to process.