UGA to Open Small Business Development Center at Morehouse College
Collaboration Supports Entrepreneurship and Economic Revitalization
ATLANTA – The University of Georgia Small Business Development Center (UGA SBDC) is opening a new office at Morehouse College. The project, led by UGA and the Morehouse Innovation and Entrepreneurship Center, will support economic growth in Atlanta’s West End neighborhood, as well as the metro area.
SBDCs are a state and federally funded program providing small business owners and aspiring entrepreneurs customized services and support within the broad national infrastructure of the U.S. Small Business Administration (SBA). The new SBDC at Morehouse will join UGA’s 17 other locations statewide to offer clients free consulting advice and low-cost continuing education classes. Starting later this summer, services will be available both in person and online.
The Morehouse SBDC will be the only location at a historically black college or university in Georgia, positioning it as an important conduit to existing and aspiring black-owned businesses. Atlanta has more than 60,000 African American-owned businesses in the city and double that in the metropolitan area. Additionally, Morehouse is in a federal opportunity zone, an area incentivized for investment opportunities.
“The Morehouse SBDC will be a vital ally in the revitalization of the West End and fostering entrepreneurship in the area’s underserved markets. It will help connect small business owners to capital, training, and consultation services so they can grow, hire employees and increase their profits and revenues.” said Terri Denison, SBA Georgia District Director.
SBA Regional Administrator Ashley D. Bell adds, “I am honored to be a part of this collaborative effort that will bring additional entrepreneurial resources to the students, faculty and the community surrounding Morehouse College. The positive economic impact of the center on the community will be significant and we look forward to being a part of this historic effort.”