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Small Business Institute Economic Impact Evaluation

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  • George T. Solomon
  • K. Mark Weaver

Abstract

Since the inception of the Small Business Institute (SBI) Program in 1972, the U.S. Small Business Administration (SBA) has conducted numerous client reaction and/or perceived value analysis evaluations. However, both the SBA and the Office of Management and Budget (OMB) were more interested in evaluating the objective utility and economic impact of the SBI Program. This article shares with the readers the results of the first national pilot survey of the Economic Impact of the SBI Program on client small businesses. This initial study not only examined the economic impact of the SBI Program but also introduced and tested new methodologies which might be useful in developing a generally accepted technique to collect and analyze the level of economic impact on client businesses assisted by the SBI program. The results of the study indicate that those small businesses receiving counseling assitance from the SBI Program showed more positive increases in their employment and financial profiles than comparable small businesses. Finally, the scope and depth of the SBI consultant teams recommendations directly affected the level and intensity of the positive changes.

Suggested Citation

  • George T. Solomon & K. Mark Weaver, 1983. "Small Business Institute Economic Impact Evaluation," Entrepreneurship Theory and Practice, , vol. 8(1), pages 41-51, July.
    • Handle: RePEc:sae:entthe:v:8:y:1983:i:1:p:41-51
    DOI: 10.1177/104225878300800110
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    Cited by:

    1. James J. Chrisman & John Leslie, 1989. "Strategic, Administrative, and Operating Problems: The Impact of Outsiders on Small Firm Performance," Entrepreneurship Theory and Practice, , vol. 13(3), pages 37-52, April.
    2. Ed McMullan & James J. Chrisman & Karl Vesper, 2001. "Some Problems in Using Subjective Measures of Effectiveness to Evaluate Entrepreneurial Assistance Programs," Entrepreneurship Theory and Practice, , vol. 26(1), pages 37-54, October.
    3. Lovgren, Adam & Peterson, H. Christopher & Ross, Brent, 2011. "Developing a framework for assisting entrepreneurs: A case study of the Michigan State University Product Center for Agriculture and Natural Resources," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103995, Agricultural and Applied Economics Association.
    4. James J. Chrisman, 1997. "Program Evaluation and the Venture Development Program at the University of Calgary: A Research Note," Entrepreneurship Theory and Practice, , vol. 22(1), pages 59-73, October.
    5. Haber, Sigal & Reichel, Arie, 2007. "The cumulative nature of the entrepreneurial process: The contribution of human capital, planning and environment resources to small venture performance," Journal of Business Venturing, Elsevier, vol. 22(1), pages 119-145, January.

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