Cumulative impact of the IECE is surpasses half a billion dollars
The Inland Empire Center for Entrepreneurship (IECE) at California State University, San Bernardino (CSUSB) has published the 2022 Impact Report and the data shows that the IECE continues to have a growing and impactful economic presence in the region. Since 1999, IECE’s impact is more than $534 million.
The findings show that in 2022, the IECE continued to increase its economic impact on the region with a net positive contribution of more than $129 million when total loans, contracts and exports are combined. That was a $50 million increase over 2021.
“That's only the direct economic impact, that doesn't account for any multiplier effects,” said Mike Stull, Director of IECE. “We are thrilled our programs continue to make an impact on entrepreneurship in the region.”
In 2022, IECE assisted more than 20,000 businesses and was also responsible for the creation and/or retention of approximately 2,310 jobs. More than 300 new businesses were started and nearly 17,000 people attended trainings.
Several new programs and initiatives were introduced in 2022 to address distinct service gaps, based on the findings from 2021 State of Entrepreneurship report. Those include: Catapult Growth Network + Catapult Mastermind, Financial Fitness Bootcamp: 4-Day Small Business Training and the SBDC Center for Contracting.
For a copy of the report visit https://entre.csusb.edu/.
The Inland Empire Center for Entrepreneurship (IECE) at Cal State San Bernardino is the largest and most experienced organization in the Inland Empire dedicated to supporting small businesses and entrepreneurship on campus for the Jack H. Brown College of Business & Public Administration’s School of Entrepreneurship, and within the community throughout the Inland Southern California region. Established in 1999, the IECE has served over 173,000 individuals and business owners with comprehensive business counseling, mentoring, innovative training programs and engaging events. These services have resulted in the creation and retention of nearly 42,000 jobs and an economic impact of $534 million. The center is committed to diversity, equity, and inclusion and continues to expand its reach to all business owners to support them through the post-pandemic repopulation and beyond. The top-tier segments of the IECE include the Women’s Business Centers (IEWBC.org) (CVWBC.org), the Small Business Development Center (IESBDC) (ociesmallbusiness.org) and the Cross Border E-Commerce-Asia program (CBEC Asia) (cbecasia.com) and the Spirit of the Entrepreneur Awards (spiritawardsie.com).