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Award ceremony for NE Small Business Person of the Year winner to be held on 9/25 in Hastings

Hastings Business Owner wins the SBA Nebraska 2020 Small Business Person of the Year Award
Release Date: 
Monday, September 21, 2020
Release Number: 
Advisory Date: 
Monday, September 21, 2020
Advisory Number: 
Elizabeth Yearwood

Omaha – Rakesh Srivastava, owner and founder of Innovative Prosthetics & Orthotics, has been named the 2020 Nebraska Small Business Person of the Year by the U.S. Small Business Administration. He will be presented the award at a local ceremony on Friday, Sep 25th at his Hastings, NE clinic. SBA Regional Administrator Tom Salisbury, Region VII Kansas City, and SBA Nebraska District Director Leon Milobar will present the award.


WHAT:   Nebraska Small Business Person of the Year Award Ceremony – OPEN PRESS


WHEN: Friday, September 25 @ 10:30 a.m.


WHERE:  Innovative Prosthetics & Orthotics

                   3211 West 12th Street

                   Hastings, NE  68901


WHO:    Rakesh Srivastava, Nebraska Small Business Person of the Year 2020

              SBA Region VII Administrator Thomas J. Salisbury

              SBA Nebraska District Office Director Leon Milobar


WHY:  The SBA Nebraska Small Business Person of the Year Award is given to the owner of a local business who has demonstrated staying power, job growth, sales and profit increases over three years, serves the community and has overcome adversity. Srivastava also suffered recent financial distress due to COVID-19 but was able to bridge his cash gap after receiving an SBA Paycheck Protection Program (PPP) loan. A prosthetics user himself, Srivastava began his career in a rehabilitation center in New Delhi, India. He relocated to the U.S. in the 1990s, opening his first clinic in Hastings in 2006 after graduate school from the University of Nebraska at Kearney. He operates clinics in Grand Island, Kearney, and Omaha besides being on a research team at the University of Nebraska at Omaha on the Cyborg Beast program. The program hopes to develop an affordable and innovative prosthetic hand with new forward-thinking 3D printing technology.

Media unable to attend can arrange telephone interviews with the SBA staff and Rakesh Srivastava by calling or emailing Elizabeth Yearwood, 402-221-7200.


NOTE: Srivastava will be honored nationally at SBA’s online National Small Business Week events on September 22.  Registration is open for the national recognition ceremony at

About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit