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SBA Seeking Small Business Owners For 2014 Emerging Leaders Initiative

Release Date: 
Wednesday, January 22, 2014
Release Number: 
2561
Advisory Date: 
Thursday, January 23, 2014
Contact: 
Catherine Gase, (313) 226-6075 ext. 223, catherine.gase@sba.gov

DETROIT -- The U.S. Small Business Administration’s Michigan District Office is seeking small business owners for its sixth round of the Emerging Leaders Initiative.  Detroit is one of only 27 cities across the country to participate in the  Emerging Leaders initiative which aims to help promising small businesses in underserved communities sustain and grow their businesses, providing training they can use to succeed and create jobs.

“We’re pleased, along with our partners, to offer Emerging Leaders and its MBA-style program to Detroit,” said Gerald Moore, SBA Michigan District Director.  “Graduates of the program have increased their revenue, created jobs and helped drive local economic growth in their communities.  We hope eligible small businesses will take full advantage of this tremendous opportunity for Detroit, Flint, Hamtramck, Highland Park, Inkster and Pontiac-based businesses.”

The past five graduating classes have found the experience to be very beneficial to their business development. “The structure of program, the opportunity to interact with other small businesses and the overall pace was outstanding.  The program motivated and inspired us to look at our businesses with the “blinders” off.  The investment in the time was well worth it.  We have reaped the benefits and are confident we will continue to do so,” said C. Denise Griffith, GS Group LLC, e200 2011 graduate.

Participation in Emerging Leaders is free to qualifying businesses.  Criteria for participation include having been in business for a minimum of three years, gross annual revenues of at least $400,000 to $10 million, and a business located within the city of Detroit, Flint, Hamtramck, Highland Park, Inkster and Pontiac.  Participation is limited to 15 businesses.  An orientation session for those interested in participating is scheduled on 10, 2013 from 6:00 to 7:30 p.m. at TechTown, 440 Burroughs, Detroit, MI  48202. 

The six-month training includes approximately 100 hours of classroom time per participant.  It will focus on such topics as finance, market development, organization management, strategic planning and growth strategies.  CEOs will also have an opportunity to connect with their peers, guest experts, city leaders, and the financial community. 

The following organizations are cosponsors of the Emerging Leaders initiative:  

  • Automation Alley
  • Center for Enpowerment and Economic Development (CEED)
  • Detroit Economic Growth Corporation
  • Detroit Regional Chamber
  • Michigan Black Chamber of Commerce
  • Michigan Economic Development Corporation
  • Michigan Minority Business Supplier Diversity Council
  • Michigan Small Business & Technology Development Center
  • SCORE
  • TechTown

If you are interested in exploring this opportunity, please contact Nancy Grose at nancy.grose@sba.gov.