Experts predict that small businesses will lead the economy out of recession. In the state of California, officials are trying to give entrepreneurs tools needed to help the local economy recover quickly. Santa Clara University will offer a free entrepreneurship program beginning this in June, reports Seattle PI.
“New business ventures will be significant in helping turn around the California economy,” Daniel Aguiar, executive director of the business school’s Center for Innovation and Entrepreneurship, told the source. The program is predicted to help launch as many as 20 new California businesses in less than two years.
Entrepreneurs will be selected for the program based on the strength of their business plans. The experience of prospective business leaders and companies’ potential economic contributions will also be assessed to determine the most qualified applicants.
While this resource might make heading to California for business incorporation an appealing option, entrepreneurs may be further enticed to move to the sunny state based on the recent success of California business owners in securing startup funds.
According to the Press-Enterprise, business loans in the state increased by 57 percent over the first quarter of this fiscal year thanks to American Recovery and Reinvestment Act-supported Small Business Administration loans.