U.S. Small Business Administration Philadelphia District Office
Philadelphia’s SBA Emerging Leaders Program Accepting Applications For 2013
Entrepreneur Training Initiative Sparks Small Business Growth, Job Creation
PHILADELPHIA – The U.S. Small Business Administration’s Philadelphia District Office is accepting applications for its 2013 Emerging Leaders executive-level training initiative, (formerly known as e200). Companies from Philadelphia, the City of Chester, Norristown, and Pottstown that have been in operation at least 3 years and have annual revenue of $300,000 are encouraged to apply.
Local recruitment for the 2013 training cycle started Feb. 1 through SBA district offices, and classes are scheduled to begin in April, applicants should apply immediately for consideration. (For more information about Emerging Leaders go to www.sba.gov/emergingleaders and contact Solomon Wheeler at your local SBA Philadelphia District office at 610-382-3077.)
The seven-month executive leader curriculum includes approximately 100 hours of classroom time per participant and provides the opportunity for small business owners to work with experienced mentors, attend workshops, and develop connections with their peers, city leaders, and financial communities.
Since 2008 the initiative has trained more than 1,300 promising small business owners in underserved communities across the country, and continues to expand its impact helping small businesses grow and create jobs.
“There are Emerging Leader success stories to be proud of right here in the mid-Atlantic region. I’ve seen how the e200 program equips graduates with the tools and the know-how to take their business to the next level, and perhaps become the next Google or Apple or Amazon. In fact, Nike, Staples, Apple, Federal Express, Ben & Jerry’s, Outback Steakhouse, and Hewlett-Packard all received SBA loans as startups,” said Regional Administrator Natalia Olson-Urtecho.
In 2012 the initiative graduated more than 350 small business owners nation-wide, representing the largest graduating class since it began in 2008. Sixty-seven percent of surveyed participants reported an increase in revenue while 75 percent of those surveyed reported maintaining or creating new jobs in their communities. Surveyed participants also reported having secured more than $26 million in new financing for their businesses, and an increase in confidence when applying for government contracts. As a result, nearly half of the initiative graduates reported securing federal, state and local contracts, worth more than $330 million.
“Philadelphia’s Emerging Leaders program has a proven track record of helping small businesses in underserved communities,” said David Dickson, SBA Philadelphia district director. “Graduates of the program have increased their revenue, created jobs and helped drive economic growth in their communities. This year’s class builds on this success and provides even more entrepreneurs in underserved communities with the support, resources and skills to succeed.”