The state of Illinois’ budget woes have forced Governors State University to shut down its small business and trade centers.
The Will County-based university will shutter its Illinois Small Business Development Center and its Illinois SBDC International Trade Center at the end of this year.
“This was a difficult decision,” GSU President Elaine Maimon said in a statement. “The Illinois SBDC has been the definitive resource for small business owners and entrepreneurs in the Chicago Southland. We wish that we could keep the Center open, but we have no choice but to put students first.
“With a 70 percent cut in state appropriations for FY16 and only a six-month, stop-gap budget for FY17, we must reallocate the funds currently used to match Federal and State dollars to departments which will maintain our high quality of student service.”
According to the university, the centers have helped over 6,000 clients create 4,650 new jobs since 2001 through the development of new businesses and business expansions.