Entrepreneur Training Initiative Sparks Small Business Growth, Job Creation
SYRACUSE, N.Y. – SBA’s Syracuse District is accepting applications until March 15 for this year’s Emerging Leaders initiative for Syracuse-area small businesses. Entering its fourth year, the initiative in Syracuse has trained 51 small business owners in Central New York, helping them to grow and create jobs.
Syracuse joins 27 cities nationwide that offer the executive-level training that has trained over 1300 small business owners since 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.
The intense training program targets small companies that have the potential for rapid expansion and job creation. To be eligible, firms need an operational track record of three years or more, have annual revenues between $400,000 and $10 million and have at least one employee.
“This training is not for start-up companies,” Syracuse SBA District Director, Bernard J. Paprocki stated. “This is an advanced-degree-level type training and we want the participants to carefully examine their business. At the end of seven months we know that our participants will acquire a new habit of “working ‘on’ their business” as well as “working ‘in’ their business. And, they will have produced a viable three year Strategic Growth Action Plan.”
Fifteen businesses will be selected for the training, which will take place at the Tech Garden in Syracuse for thirteen evening sessions (every other week for seven months) from April through October.
“Entrepreneurs are expected to put in 100 hours of work: 40 hours in the classroom, 40 hours in homework, and 20 hours in peer-to-peer mentoring”, said Paprocki.
2013 Emerging Leader graduate Eileen Brophy, owner of Brophy Services, Inc. related her experience. “I spent six intense months with 14 other business owners who have turned into my friends and business mentors. Emerging Leaders allowed me to look at my business exactly the way I always wanted to, and didn’t know how to.” Brophy Services is the largest locally-owned and operated full-service janitorial company located in Syracuse, with roughly 130 clients and over 150 employees.
John Liddy, Emerging Leader instructor and entrepreneur in residence at the Tech Garden encouraged business owners interested in the training, “to talk with one of the past participants to hear first-hand how much effort the training took and how it helped their business grow, or speak with one of the 12 partner organizations to learn how much support there is in the community for this initiative.”
Partners pledging their support for the initiative this year include CenterState CEO, CNY TDO, City of Syracuse Office of Neighborhood and Business Development, Downtown Committee of Syracuse, Inc., MACNY, Onondaga SBDC, SUNY ESF, Syracuse SCORE, Syracuse University, The Falcone Center, The Tech Garden and the WISE Women’s Business Center.
To obtain a registration form or to learn more about Emerging Leaders, please visit http://www.sba.gov/about-offices-content/2/3136/resources/407261 or contact Dan Rickman at the Syracuse District Office, 315-471-9393, ext 250 or email@example.com.
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