Nicholls receives grant to establish Small Business Development Center

THIBODAUX – The College of Business Administration at Nicholls State University has been awarded a $499,500 grant from the U.S. Small Business Administration to establish a Small Business Development Center at Nicholls. The grant will cover three years of operation.

“A center like this is desperately needed in the region served by Nicholls,” Dr. Shawn Mauldin, dean of the College of Business Administration, said. “Our college and other offices and departments around campus constantly receive inquiries from constituents needing help with various business-related endeavors. The SBDC will be a great resource for those people seeking help. It is our hope that this center will eventually become a permanent service offered at Nicholls.”

The SBDC will employ up to three people – including recently hired director Tori Rayne, a four-year veteran of the Loyola University SBDC – and will operate from the South Louisiana Economic Council facility.

Business owners will be able to utilize the SBDC to analyze their firms’ strengths and weaknesses, plan business strategies and evaluate inventory control, human resources policies, financial forecasts and marketing strategies.

The SBDC will also assist aspiring entrepreneurs and newly emerging businesses via one-on-one counseling, training sessions, management advice and technical assistance on business plan development, accounting, export assistance, marketing, financial planning, cost-analysis, training programs and organizational structure.

For additional information, call (985) 449-7092.