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SBA Launches 2014 Emerging Leaders Initiative to Help Small Businesses Reach the Next Level of Growth

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SBA Launches 2014 Emerging Leaders Initiative to Help Small Businesses Reach the Next Level of Growth

By CeceliaT, SBA Official
Published: February 24, 2014 Updated: February 24, 2014

For the seventh consecutive year, SBA is looking for small businesses to partake in our highly successful Emerging Leaders executive-level training initiative that provides the tools they need to sustain and grow their businesses. The Emerging Leaders initiative is an intensive training program for small companies that have the potential for quick growth and job creation.

This seven-month executive educational series includes classroom time and provides the opportunity for small business owners to work with experienced mentors, and develop connections with their peers, city leaders, and financial communities.

Local recruitment for the 2014 training cycle is now underway at selected SBA district offices, and classes are scheduled to begin in April 2014. 

The number of participating cities has grown to 27 and includes Albuquerque, N.M.; Atlanta, Ga.; Baltimore, Md.; Boston, Mass.; Chicago, Ill.; Dallas, Texas; Denver, Colo.; Detroit, Mich.; Fresno, Calif.; Honolulu, Hawaii; Newark, N.J.; Los Angeles, Calif.; Memphis, Tenn.; Miami, Fla.; Milwaukee, Wis.; Minneapolis, Minn.; New Orleans, La.; Oklahoma City, Okla.; Philadelphia, Pa.; Phoenix, Ariz.; Portland, Ore.; Seattle, Wash.; St. Louis, Mo.; Syracuse, N.Y.; Washington, D.C.; Wichita, Kan.; and Youngstown, Ohio.

This year our nation’s capital, Washington, D.C., has been added along with Miami, Wichita, and Newark.

If you are an interested small business owner and want to apply to the 2014 training cycle, be sure to first look at the participant eligibility requirements.

Since 2008 the initiative has trained more than 2,000 promising small business owners in underserved communities, and continues its impact to help small business owners grow and create jobs. Nearly 400 businesses graduated in 2013 – the largest graduating class since Emerging Leaders began.

One such graduate is Eric Franklin, president and CEO of EriMax Inc., an information technology and acquisition management company in Maryland that handles large-scale contracts for the federal government. This 2012 Emerging Leaders graduate now employs 74, up from 35 in 2009. The business has focused on expanding into new areas through partnering and subcontracting. In previous years, its focus was procuring prime contracts. Franklin is also a graduate of the SBA’s 8(a) Business Development Program that helps small, disadvantaged businesses compete in the marketplace.

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.

More information on Emerging Leaders training is available online. You can also contact your local SBA District Office in the participating cities to learn more.

 

 

 

About the Author:

Cecelia Taylor

SBA Official

CeceliaT is a moderator for the SBA Community. We appreciate your participation and feedback on how we can continually improve the community to meet your small business needs.

Comments:

I am wondering if the criteria means that a business has to be opened for 3+ years, during each of which the annual revenue must exceed $400k, and employment exceed 1 person; or that a business has to be open for 3+ years and for this current year has grown to $400k+ revenue and 1+ employee ?
Hi there. You should have 3 years or more in business, at least 1 employee other than yourself and a minimum of $400k currently. (There isn't much concern for previous revenue if the current revenue standard is met.) Hope this helps!
Thank you! That s helpful =D
This seems like a great program as far as the practical skills go. However, its success will be limited to the extent that participants are subconsciously aligned with success. Our subconscious conditioning and programming is really what's running things in our life (and business). We can only be as successful as our subconscious allows us to be. I'd be happy to help SBA and its participants increase their success rates with a group program that creates subconscious alignment with participants conscious business goals.
Mentoring is great, and I really see a need for Small business growth, I think it would be great if we can get testimonies from these business to hear if it took them to the next level or just helped in running their business in a much smarter way. The criteria for this 7 month training does not mean that all small business companies can participate, if there something for the even smaller guys to get a glimpse of what can help them get to the point of reaching the criteria?
Thanks, Cecelia such type of nice post. I love reading your views small businesses. For young entrepreneurs such programs are very beneficial. For doing business good, one need to have the glimpse of both theoretical and practical exposure. Hope this program helps a lot of aspiring businessmen. Keep posting!
Emerging leaders training program is one of the best option to learn actual ethics of business that too in a great way to begin career in small business, for which all essential ingredients are embedded to give required element of knowledge to each of its participants.

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