Wharton is Closing its Small Business Development Center, the First in the State

The Wharton Small Business Development Center, which helped grow companies like Urban Outfitters, Sabre Systems and Destination Maternity, will be closing at the end of the month, The Philadelphia Inquirer reported.

The organization has provided free and low-cost support services to thousands of small businesses and entrepreneurs for the last 40 years, and was the first small business development center in the state. It’s now one of 18, a reason leaders of the center say they’re OK closing: They believe a strong amount of support still exists for small business owners within these other programs.

Karl Ulrich, vice dean of entrepreneurship and innovation at Wharton, who oversees the Wharton SBDC told the Inquirer it took some “soul searching” to come to the decision.

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