A new Gallup survey shows that SCORE “Counselors to America’s Small Business” is making its mark as a catalyst for economic growth across the country. In 2009 alone, SCORE clients started more than 68,000 new businesses, which resulted in the creation of some 30,000 jobs.
Through its free mentoring program with volunteer business experts, SCORE mentored nearly 180,000 aspiring and current small business owners in 2009. The survey details that in 2009 SCORE clients grossed $38 billion in 2009 revenue, with an average of $314,000 per business. These same businesses now project their 2010 growth to cumulative revenue of $53 billion. For every federal dollar appropriated by SCORE, clients paid $107.48 on average in federal taxes. In addition, SCORE clients paid estimated taxes of $752,400,000 in 2009.
“Given that small businesses are the backbone of our economy, their success is more important than ever right now,” says Ken Yancey, CEO of SCORE. “This survey shows the incredible impact small businesses can have on jump-starting the economy and how Americans from diverse backgrounds can come together to help one another during these tough economic times.”
SCORE along with its partner Constant Contact engaged Gallup to conduct research into the economic impact of the small business mentoring work SCORE’s 13,000 volunteers had on the US economy in 2009. Gallup conducted a census survey of all SCORE mentoring clients. Total client revenue, business creation, and job creation numbers were calculated via straight-line extrapolation from the survey respondents to the total number of 2009 SCORE clients.
Since 1964, SCORE has helped more than 9 million aspiring entrepreneurs. Each year, SCORE provides small business mentoring and workshops to more than 375,000 new and growing small businesses. More than 13,000 business experts volunteer as mentors in 354 chapters serving local communities with entrepreneur education to help grow 1 million small businesses. For more information about starting or operating a small business, call 1-800/634-0245 for the SCORE chapter nearest you. Visit SCORE at www.score.org and www.score.org/women. Connect with SCORE at www.facebook.com/SCOREFans, www.twitter.com/SCOREMentors and www.scorecommunity.org.