SBDC Launches Satellite Center to Serve Wadena County's Businesses & Entrepreneurs

In Wadena County, the North Central Small Business Development Center at Central Lakes College (North Central SBDC) has become an indispensable resource for local businesses under the leadership of Regional Director Katie Heppner. Piggybacking off of the successes of the North Central SBDC, a new satellite center is opening in the West Central Economic Development Alliance in Wadena County. With the inception of the satellite center, the SBDC aims to provide accessible resources and consultancy services tailored explicitly to Wadena County's economic landscape. From comprehensive business planning to guidance on funding, the new SBDC satellite center ensures that entrepreneurs in Wadena County receive holistic and customized support. The SBDC’s presence marks a significant milestone in Wadena County's economic trajectory, while addressing the distinctive challenges faced by rural entrepreneurs.

Tailored and Accessible Support for Wadena County's Entrepreneurs

Acknowledging the need for strengthened entrepreneurial assistance in Wadena County, the inception of the new SBDC satellite center enhances and grows the services that the North Central SBDC provides to densely rural areas. Addressing the challenges previously posed by the geographical distance to available resources, the launch of the satellite center aims to bring SBDC’s wealth of expertise and resources directly to the doorstep of local entrepreneurs in Wadena County. The North Central SBDC is strongly committed to helping grow the local economy in Wadena County, and by providing on-the-ground support and personalized guidance tailored to the unique needs of the region, the satellite SBDC center meets the critical demand for accessible and tailored business consultancy services in Wadena County.

Navigating the Business Terrain in Wadena County

Through personalized one-on-one consulting sessions with the SBDC’s team of consultants, entrepreneurs benefit from expert guidance on essential business facts such as startup assistance, planning, financial projections and market research. The SBDC satellite center offers access to services not only through their physical location, but through a blend of in-person and virtual consultations. Moreover, SBDC’s collaborative approach fosters strategic partnerships with local organizations and educational institutions, augmenting its impact through a diverse array of training programs and resources. Among the SBDC’s service offerings are seminars, workshops and market research services. With a remarkable track record including securing $121 million in capital funding for its clients and conducting 15,000 hours of consulting over the past five years, the North Central SBDC has exhibited an impressive track record in its efforts to foster the success of its entrepreneurs. Now, Wadena County entrepreneurs and small business owners will have easier access to these regional resources. 

Sowing Seeds of Success: The Wild Roots’ SBDC Story

The success story of Wild Roots Early Learning Center in nearby Pine River, Minnesota, showcases the transformative impact of Small Business Development services in the area. Founded by Morgan Dabill, Wild Roots faced the daunting task of navigating the intricate process of starting a childcare business in a rural setting. However, with the guidance and support of SBDC consultant Marina Lovell through numerous hours of one-on-one consulting sessions, Lovell helped Dabill develop a robust business plan and secure vital funding amounting to $954,000 from multiple sources. This financial infusion empowered Wild Roots to open its doors in 2022, providing high-quality childcare services in a nature-inspired setting. Today, Wild Roots serves children from 6 weeks to 12 years old and employs a staff of nine. The success of Wild Roots underscores the invaluable role of SBDC services in empowering entrepreneurs like Dabill to realize their dreams, navigate complex business landscapes, and contribute meaningfully to their communities.

From Startups to Succession: SBDC’s Business Support Ecosystem

Wild Roots is just the tip of the iceberg among the diverse range of businesses which have benefitted from the comprehensive services provided by the SBDC. Startups, constituting about half of the SBDC’s clients, seek assistance with aspects such as business planning, financial projections, and market research to establish a solid foundation for their ventures. Existing businesses enlist SBDC services to navigate expansion strategies, including loan packaging and growth planning. Other clients engage the SBDC for legacy planning, seeking guidance on transitions such as retirement or business succession. Whether embarking on entrepreneurial journeys or managing established enterprises, businesses rely on the SBDC's expertise to address their unique needs and challenges, fostering growth and sustainability in the ever-evolving business landscape.

A Force for Good, With a Wide Array of Resources

In the previously-underserved landscape of Wadena County’s business ecosystem, the new satellite center of the SBDC in the West Central Economic Development Alliance center offers a treasure trove of services ensuring the county’s entrepreneurs have the relevant tools, network and guidance needed to thrive. From inception to expansion and succession, the SBDC’s supportive approach empowers businesses new and established across industries, embodying a commitment to the success of entrepreneurs in Wadena County and beyond. 

The Economic Alliance appreciates all the small businesses that have decided to make Wadena County their home. Please contact us today for help with all your needs.