Recognizing the importance of small businesses, First Tennessee Bank made a $5,000 contribution to the Knoxville area Tennessee Small Business Development Center on July 14.
The area TSBDC is administered by Pellissippi State Community College. The organization provides counseling and training to small-business managers and owners and those interested in starting a small business.
“Since the early 1990s, First Tennessee has supported a tremendous local asset, the Tennessee Small Business Development Center—truly an investment that has paid exponential returns in terms of economic impact in the 16-county region it serves,” said Pam Fansler, president of First Tennessee–Knoxville.
The TSBDC’s semi-annual report shows that new and existing clients created 143 new jobs in the first six months of this year, generated more than $141 million in sales and accounted for more than $5 million in new capital investment in the local economy. The Knoxville TSBDC helped 31 new businesses get started, the report says.
According to Larry Rossini, director of the Knoxville TSBDC, the gift of $5,000 is being used to purchase computer supplies, equipment and software, as well as publications and books to help small-business owners.
“Without these generous funds from First Tennessee Bank,” said Rossini, “we could not provide the quality service we offer to the small-business community.”