IECE at CSUSB: Making an Economic Impact in the Inland Empire

By: Sharjeel Sohaib

β€’ 

Mar 31, 2023

 β€’ 

Utilize Our Platform

  • IECE had a $130 million net positive economic impact on the region’s economy in 2022.
    IECE introduced innovative entrepreneurship programs, including the Catapult Business Growth Network, Financial Fitness Bootcamp, and SBDC Center for Contracting.
  • The actual economic impact of IECE on the region may be even more significant than $130 million due to multiplier effects.

The Inland Empire Center for Entrepreneurship (IECE) at California State University, San Bernardino (CSUSB) has continued to make a significant impact in the Inland Empire region through its innovative programs and educational resources. The latest findings reveal that IECE had a total net positive economic contribution of nearly $130 million in 2022, showcasing the center’s growing and impactful economic presence in the region.

Assisting in Sales Increases

One of the critical factors behind IECE’s impressive economic impact is its focus on supporting entrepreneurs and small business owners throughout the Inland Empire. In 2022, the center assisted in nearly $17 million in total sales increases, demonstrating the value of its programs and initiatives in helping businesses grow and succeed.

Catapult Business Growth Network: A Unique Curriculum and Process

One of the center’s most innovative programs is the Catapult Business Growth Network, introduced in 2022 to address distinct regional service gaps. This program is designed to help entrepreneurs drive and manage the growth of their businesses through a unique curriculum and process.

It includes learning proven concepts and practical tools, working with like-minded entrepreneurs to build a peer-to-peer support network, and built-in accountability mechanisms to achieve maximum results.

Throughout six intensive and dynamic sessions, entrepreneurs participating in the Catapult Business Growth Network gain new entrepreneurial competencies, connect and share business experiences, and build impactful relationships resulting in a vibrant and ongoing peer mentoring group.

This network equips participants with the tools and connections to fuel the trajectory of their business, contributing to the economic growth and success of the Inland Empire.

Financial Fitness Bootcamp: A Comprehensive Step-by-Step Process

Another critical program offered by IECE is the Financial Fitness Bootcamp, a four-day small business training program that provides eight hours of in-person instruction on becoming “Financially Fit.” Attendees discover the world of financial management for small businesses in a comprehensive step-by-step process.

Understanding how and why financial management and the tools to achieve this are critical components to healthy business growth, attendees can expect to develop essential tools to manage their small business financials properly and avoid future pitfalls. This program empowers small business owners to take control of their finances and make informed decisions that contribute to their success.

SBDC Center for Contracting: Assisting Small Businesses with Winning Procurement Contracts

The SBDC Center for Contracting is another valuable program offered by IECE, which focuses on assisting small businesses with winning procurement contracts at the state, local, and private levels. The center provides education, training, and one-on-one consulting to help companies to grow their revenues in a new and diversified manner.

The SBDC’s team of experts has years of industry experience and is here to guide businesses in Orange, Riverside, and San Bernardino County to grow their businesses. Whether small business owners are just trying to figure out what certification is right for them or if they receive contracts regularly, the center’s team of experts is available to provide guidance and support.

Final Thoughts

The Inland Empire Center for Entrepreneurship (IECE) at California State University, San Bernardino (CSUSB) is making a significant economic impact in the region through its innovative programs and educational resources.

The center’s focus on supporting entrepreneurs and small business owners through programs like Catapult Business Growth Network, Financial Fitness Bootcamp, and SBDC Center for Contracting is helping businesses grow and succeed, resulting in a total net positive economic contribution of nearly $130 million in 2022.

With its continued commitment to supporting the Inland Empire’s economy, IECE is set to make an even more significant impact in the years to come.

0 Comments

Submit a Comment

Connecting you with the best startups, people & events in the Inland Empire.

Support Startup News & Media!


Enjoying the startup news & media? Support us!

We have big plans, and we need your help!

Startempire Wire is a community of people working together to promote innovation, entrepreneurship, and investment in the Inland Empire. We provide resources and connect people with the startup culture.

We believe that the Inland Empire has all of the ingredients for success. This region just needs a platform to show the world what it can do – And this is exactly what Startempirewire.com is doing. Our goal is to act as a megaphone to connect the dots between the best startups, events, and people in the Inland Empire.

We have big plans, and we need your help! If you are passionate about creating a thriving local startup ecosystem, then we would like to invite you to join in contributing to the community by supporting us. You can do that by supporting us financially or by being an active contributor. In return, we will give you (depending on sponsorship level) free access to our content, other level based perks &Β  the opportunity to connect with a network of passionate people working to build a better future for all of us.

We cover the good and the bad of entrepreneurship, startups & business events; we do it with passion and purpose. If you like what we do, support us & please consider becoming a patron. Your support is essential for independent local startup media to survive & thrive.

You can make a regular one time donation to become a sponsor at any level, or you can choose to become a monthly or event sponsor.Β  Every little bit counts! Thank You

Verious B. Smith III

Founder, Startempire Wire

Related Articles

Benihana Temecula: A New Culinary Destination in Riverside County

Benihana Temecula: A New Culinary Destination in Riverside County

On September 29, Benihana Inc. will open its well-regarded Japanese teppanyaki and sushi restaurant chain in Temecula, California. Situated at 26420 Ynez Road within the Promenade Temecula, Benihana Temecula aspires to enhance the dining landscape of Riverside County....

Economic Growth in the Inland Empire: The IECE and Beyond

Economic Growth in the Inland Empire: The IECE and Beyond

The Inland Empire Center for Entrepreneurship (IECE) at California State University, San Bernardino (CSUSB), published its 2022 Impact Report. We look at the economic impact of IECE and what other organizations have done to drive economic growth in the Inland Empire...

Stay Up On Startempire News

Access Premium Content

Startempire Wire premium content access is free during the beta period of ourΒ  website.Β  Join during beta and get a grandfathered discount when we launch.

$5 for first month then $15 per month

Get Every Update

Would you like to receive Startempire Wire updates in your inbox? Subscribe below!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Follow Us

Follow Startempire Wire on other social media channels.

0
My cart
Your cart is empty.

Looks like you haven't made a choice yet.