Louisiana small business owners will soon have a new resource in their arsenal thanks to the federal CARES ACT and a collaboration between LSBDC and LSU, according to a press release from the school.

The collaboration is being referred to as the LSBDC at LSU, and it will essentially be a business satellite service center on LSU’s campus that will be focused on providing technology and innovation services to existing business owners and entrepreneurs across the state. The project comes from the Louisiana Small Business Development Center and Louisiana State University, and with it comes three professional business consultants that will be housed at the LSBDC at LSU.

Technology consultants will offer high-quality technical assistance to any start-up or existing businesses in Louisiana, and the assistance will come at no cost to clients impacted by COVID-19. Similarly, the business consultants will assist in developing and reviewing strategic plans, gaining access to capital, and connecting clients to any and all resources that could help their start-up or existing business.

The interim executive director of the LSU Innovation Park, David Winwood, said of the importance, “small businesses and technology-based entrepreneurs can play a key role in revitalizing our economy. Our collaboration with the LSBDC will help catalyze that revitalization.”

The LSBDC at LSU will specifically specialize in the transfer, commercialization, and utilization of technology as well as the development of new products to improve the efficiency and competitiveness of businesses. The mission of the Louisiana Small Business Development Center at Louisiana State University will be to work with businesses and entrepreneurs to commercialize inventions that benefit the public and enhance the economy.

Beyond LSU’s campus, the Louisiana Small Business Development Center continually offers high-quality technical assistance to existing and start-up businesses as well as entrepreneurs at no cost to the client. The LSBDC is a part of the larger network, the Small Business Development Center, which is the single-largest provider of management and technical assistance for businesses in the United States.

The LSBDC is funded partially through a cooperative agreement with the United States Small Business Administration, Louisiana Economic Development, and other participating institutions of higher education, such as Louisiana State University. LSBDC was established in 1983 and is strategically located to service all of Louisiana’s 64 parishes and their businesses.

LSBDC State Director Carla Holland remarked on the necessity of such a service in times such as these by saying, “the opening of this SBDC satellite office is extremely important for business owners, especially during the pandemic. I look forward to working with LSU and this collaboration becoming the spark of a great economic development push-in technology. When the CARES ACT funding was available, we knew we would need to bring in partners who specialized in technology as we saw less in-person business taking place and more virtual interaction.”

The LSBDC at LSU office is located at LSU Innovation Park, 8000 Innovation Park Dr., Baton Rouge, LA, 70508. LSU Innovation Park is a substantial, 200-acre resource that stimulates the economic growth in Louisiana through the various incubators it operates. The Park offers specialized business assistance to help companies formulate their ideas and further them to the best of their ability. Outside of the LSBDC at LSU, the LSU Innovation Park also houses the Louisiana Business & Technology Center, Protostripes Prototyping Center, the Louisiana Technology Transfer Office, and additional available office and lab space for other companies.

The LSBDC and LSU announced their partnership via a Facebook Live event as a part of the LSU Innovation Pak Facebook Page in early March. The office is welcoming the public business owners of Louisiana to call and schedule a consultation.

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