The 2018-19 Annual Report, published by the College of Business and Economic Development at The University of Southern Mississippi, tells stories of outstanding achievements made by our faculty, students, staff, donors, and alumni over the course of the academic year.
AFFILIATED CENTER CONTRIBUTIONS SMALL BUSINESS DEVELOPMENT CENTER Four years ago, The University of Southern Mississippi launched a Small Business Development Center (SBDC) focused on providing comprehensive assistance to startup companies, growing businesses and struggling businesses, and the success of this center has been monumental. Southern Miss created its Small Business Development Center through a partnership with the Small Business Administration, the Mississippi Small Business Development Center Network, the University of Mississippi, the Trent Lott National Center and the College of Business and Economic Development. In its most recent fiscal year alone (Oct. 1, 2017, to Sept. 30, <strong>2018</strong>), the SBDC assisted approximately 200 clients, continued to coach 74 long-term clients, submitted applications for 17 loans totaling $4.6 million, and achieved actual capital infusion of $2.5 million in client projects, beginning 12 businesses from the ground up. In addition, over the course of this academic year, the SBDC has offered over 40 workshops. To say the SBDC has been an invaluable resource to the region would be a significant understatement. What’s more, the center’s services come free of charge. “The combination of building better, more educated small business owners, building more sustainable small business, providing confidential assistance to our entrepreneurial community from sidelines to multi-milliondollar businesses and franchises would be sterling value propositions by themselves,” said SBDC counselor, Rita Mitchell. “Yet, we also add the vital element of preventing an unsustainable business plan and model from rolling out and evaporating savings, homesteads, time and effort, by encouraging those pre-venture clients to ‘hit the pause button,’ based on our time-honored system, databases and research analyses.” Original story by Van Arnold, Assistant Director for News and Media Relations, University Communications THE USM SBDC HAD A NEW ADDITION IN <strong>2018</strong> OF A FULLY CREDENTIALED MS SBDC COUNSELOR, JOMA SHELBY (USM HONOR GRADUATE). 16 | C O L L E G E O F B U S I N E S S A N D E C O N O M I C D E V E L O P M E N T
IMMERSED IN THE FIELD Dr. Brandon Allen took a select group of students to Jackson for the Sanderson Farms Championship PGA Tournament during the fall semester. The students from his Introduction to Sport Management class had the opportunity to meet with Jonah Beck, the director of operations, and Kacie Towles, the volunteer coordinator, to discuss sponsorship strategies, facility management and event logistics. “For the past four years, our program has brought students to volunteer at Sanderson Farms Championship. Students are able to visualize the magnitude of operating a mega event while being able to make connections with business leaders from all over the world. This trip brings their academic studies to life,” said Dr. Allen. A N N U A L R E P O R T 2 0 1 8 - 1 9 | 17