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Portsmouth EDA hears SBDC results and private accelerator pitch amid active grant programs
Summary
EDA heard detailed results from the Hampton Roads SBDC on Portsmouth outcomes and success of a local Procurement Contracting Institute cohort; a private firm also pitched the Uplift capital-accelerator model. Staff reported grant program allocations and disbursements across multiple EDA programs.
The Portsmouth Economic Development Authority on Feb. 17 received two substantive presentations on small-business support and an update on EDA grant programs.
Julie (identified in the record as executive director of the Hampton Roads Small Business Development Center) described SBDC services and outcomes for Portsmouth: over five years the SBDC served 176 Portsmouth businesses, supported roughly $13 million in capital formation, reported five new business starts, 168 jobs created or retained, and nearly 1,000 hours of one-on-one advising. She highlighted a local Procurement Contracting Institute (PCI) cohort in…
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