Fri. Jun 14th, 2024
Data illustrates the thriving Ely economy

According to new data from the Northland Small Business Development Center (SBDC), Ely was a major player in business development in 2023. The Ely Economic Development Authority (EDA) heard a presentation from the Northland SBDC on Jan. 30, prompting Ely City Council member Adam Bisbee to request a report on the impact of Northland’s services on Iron Range communities. The data provided by the SBDC showed that the Ely economy was thriving compared to other communities on the Iron Range.

The Timberjay highlighted a connection between the number of jobs created or retained and the amount of Northland consulting hours and clients served. This correlation suggests that utilizing Northland’s business services can lead to local small business growth. The Northland SBDC is a part of the U.S. Small Business Administration and offers free consulting and business training to small businesses, start-ups, and individuals interested in starting their own business. The program is funded by federal, state, and local governments, with the EEDA contributing $4,000 annually to the Northland SBDC to serve Range communities.

EEDA President Paul Kess expressed that he believes they are getting their money’s worth from the Northland SBDC based on the data provided. This brief discussion of the Northland data showcased the positive impact that the SBDC’s services have had on Ely and other Iron Range communities.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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