Monday , June 24 2024
Entrepreneurship Center has major impact on economy

Entrepreneurship Center has major impact on economy

The Inland Empire Center for Entrepreneurship (IECE) at California State University, San Bernardino (CSUSB) continues to have a big impact on the regional economy and entrepreneurship.

A new report published earlier this year shows that since 1999, IECE’s impact on the region is more than $534 million.

Last year, the IECE increased its economic impact on the region with a net positive contribution of more than $129 million when total loans, contracts and exports were combined, a $50 million increase over 2021.

In 2022, IECE assisted more than 20,000 businesses and was also responsible for the creation and/or retention of approximately 2,310 jobs. More than 300 new businesses were started and nearly 17,000 people attended trainings.

IECE introduced several new programs and initiatives in 2022 to address distinct service gaps, based on the findings from 2021 State of Entrepreneurship report. Those include: Catapult Growth Network + Catapult Mastermind, Financial Fitness Bootcamp: 4-Day Small Business Training and the SBDC Center for Contracting.

For a copy of the report visit https://entre.csusb.edu/.

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