LBCC Announces Impressive Jobs Record at State of the College
2012-01-09 · By Editor
Long Beach City College President Eloy Ortiz Oakley kicked-off the Annual State of the College Address and Luncheon on Friday, January 6, at LBCC’s Hall of Champions at 11:30 am talking about education and its impact on the economy. He also focused on numerous campus programs including the Long Beach College Promise initiative with Cal State Long Beach and Long Beach Unified, new academic programs and scholarship opportunities, and the 2,000 degrees and certificates that LBCC awarded to students in 2011.
President Oakley spoke about the impressive jobs record and economic contributions that Long Beach City College made through its partnership with the Small Business Development Center Network (SBDC), the Small Business Administration (SBA), and the Goldman Sachs 10,000 Small Business Program.
In 2011, the SBDC, a federal SBA program which is managed and operated by Long Beach City College, produced the following economic impact:
- 3,670 small business jobs created or retained
- $97 million in revenue increases for regional small businesses
- $67 million in new capital infusion for regional small businesses
- 290 new business starts-ups
Through the Goldman Sachs 10,000 Small Business Program, Long Beach City College has helped more than 95 local small business owners who have participated in the intensive training and program:
- 50% of the small business owners in the program have added employees
- 75% of the small business owners have seen an increase in sales or seen their business grow after completing the program
In his remarks, Oakley said “Small businesses are the backbone of the economy in the greater Los Angeles metropolitan area. Helping small businesses grow is one of the most effective ways that we can continue to reduce the unemployment rate and get our economy moving again.”
In addition to President Oakley’s presentation, the second annual “Student Success” Awards were presented to faculty and staff who were nominated by students in videos they uploaded to www.lbcc.edu. The winners were faculty members Kevin Ryan of Mathematics and Engineering, Mike MacCallum from Astronomy, and Student Activities Advisor Derek Oriee.
About the Long Beach City College SBDC
The SBDC hosted by Long Beach City College serves the Greater Long Beach area, Los Angeles, Ventura County and Santa Barbara. The SBDC provides workshops and one-on-one advising to small business owners at little or no cost. They advise in areas such as finance, marketing, international trade, operations, social media, emerging technology and more.