MIAMI – The U.S. Small Business Administration’s South Florida District Office is one of 27 cities and communities across the country chosen for SBA’s 2014 Emerging Leaders (formerly e200) executive-level intensive entrepreneurship training initiative. Entering its seventh consecutive year, the initiative has trained more than 2,000 promising small business owners in underserved communities, and continues to expand its impact helping small businesses grow and create jobs.
The Emerging Leaders initiative has been a catalyst for expanding opportunities for underserved communities. Surveyed Emerging Leader graduates have created nearly 2,000 new full-time jobs have been created since the program’s inception. These graduates also reported having secured more than $73 million in new financing for their businesses, and an increase in confidence when competing for government contracts. After participants in the Emerging Leaders training graduate, companies have reported they were awarded federal, state, local and tribal contracts, worth more than $1 billion. Sixty-two percent of surveyed participants reported an increase in revenue while 72 percent of those surveyed reported maintaining or creating new jobs in their communities.
The seven-month executive intensive entrepreneurship education series 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.
To participate in the 2014 SBA’s Emerging Leaders Initiative, the business must:
• Be located in Miami-Dade County
• Have been established for at least three (3) years. (This curriculum is not for start-up companies.)
• Have annual revenues between $400,000 and $10 million per year.
• Have employees. (i.e. at least one employee besides the owner). • Be represented by the key decision maker of the qualified business
• Participant must be able to commit to attending 13 training sessions and complete required homework. (about a 100 hour commitment)
Emerging Leaders Frequently Asked Questions
What is Emerging Leaders Class? Emerging Leaders Initiative is a federal training initiative that specifically focuses on executives of businesses poised for growth in historically challenged communities. The initiative provides these executives with the organizational framework, resource network, and motivation required to build sustainable businesses and promote the economic development within urban communities. Graduates from Emerging Leaders have: created nearly 2,000 new full-time jobs; secured federal, state, local and tribal contracts awards over $1 Billion; accessed over $73 Million in new financing; and 95% were satisfied with the Emerging Leaders program.
Where will the Emerging Leaders Class be held? Classes will be held at Florida International University Small Business Development Center, Brickell Campus, 1101 Brickell Avenue, Miami, FL 33131. Parking is free.
How do I register? Interested applicants should register online at http://www.interise.org/sbaemergingleaders
What is the deadline for registration? Interested applicants should register online at http://www.interise.org/sbaemergingleaders no later than March 21, 2014. Applications will be reviewed for eligibility, SBA will schedule an interview, and finalists will be selected and notified by April 1st.
What will the StreetWise Steps Curriculum Cover? The initiative uses a copyrighted curriculum called the StreetWise Steps™ to Small Business Growth. There are five modules that will be covered in class. Module 1: Business and Strategy Assessment. Module 2: Financials. Module 3: Marketing and Sales. Module 4: Resources- People, Accessing Capital and Government Contracting. Module 5: Putting it all together- Strategic Growth Plan Presentations.
What is the time commitment? The initiative will begin April 15 and end in October. Participants will commit to 40 hours of in-class time, divided over 13 in-person sessions. Sessions are typically held every other week. Participants will also spend at least 12 hours over the course of the curriculum in self-directed CEO mentoring groups. Participants should expect to spend 3-4 hours preparing for each session by completing out-of-class, practical session preparation. All instructional in-class sessions, CEO Mentoring Groups and session preparation are interconnected and of equal importance. In total, each participant can expect to commit approximately 100 hours to analyzing their business and planning for growth.
How many classes can participants miss and still get a certificate? To receive a certificate, participants cannot miss more than two classroom sessions. If a participant misses more than two classes, they may to continue to attend the classes for learning, but may not receive a certificate for completing Emerging Leaders.
• District Director: Francisco “Pancho” Marrero