SBA gives UH grant for small businesses

The Small Business Administration awarded the University of Houston C.T. Bauer College of Business a grant of $2.3 million to launch 300 small businesses in the next 12 months through the school’s Small Business Development Center.

More than 98 percent of all businesses in Texas have fewer than 500 employees, according to the SBA, and firms with fewer than 100 employees make up a third of the state’s workforce.

“We work with everything from taco shops to medical offices, printing shops to tech companies and cleaning firms to manufacturing companies,” said Steven Lawrence, executive director of the Small Business Development Center within the university.

While the center does not offer financing, it does guide entrepreneurs.