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SBA Honors Emerging 200 Initiative Graduates
Boston – The U.S. Small Business Administration honored 16 small businesses in a graduation ceremony in Boston on Friday, November 2, 2012.
The Emerging Leaders (e200) Initiative is the only federal training initiative that specifically focuses on executives of established businesses, currently poised for growth, from communities across the country and provides them the organizational framework, resource network, and motivation required to build a sustainable business of size and scale. SBA’s continued outreach in these historically challenged areas has resulted in entrepreneurial success that generates new jobs, attracts investment, and provides a more sustainable economic base in distressed areas. The e200 Initiative incorporates a proven curriculum that is research-based and nationally scalable (expanding from 10 to 27 communities since 2008) which enables the participating businesses to engage in focused development and expansion strategies for their business, including options for accessing new capital and securing government contracts. Over the course of seven months, participants have the opportunity to work with experienced mentors, attend specialized workshops and develop connections with their peers, city leaders, and the financial community. The e200 Initiative is based on available funding and currently hosted in 27 underserved communities.
Boston was selected to participate in the SBA’s Emerging 200 Initiative (e200) again in 2012 for the fifth year in a row. Cambridge-based Interise conducted the executive training aspect of SBA’s Emerging 200 Initiative, a jobs and growth stimulation effort targeting promising Massachusetts small businesses. Beth Davis was this year’s outstanding instructor.
The CEOs and small business owners who have graduated from the program have produced a three-year strategic growth plan with benchmarks and performance targets. They were trained further to target their business strategies to accelerate growth, explore financing, diversify markets and expand their networking.
Robert Nelson, Massachusetts SBA District Director presented the e200 grads with their awards. Special guest of honor at the event was Massachusetts State Treasurer Steve Grossman who commended the class on their accomplishments and valuable contributions to their communities.
The cornerstone of e200 in Boston was an in-depth 80 hour educational program, which ran from June through October 2012, focusing on topics such as organization management, growth strategies and management, market development, and strategic planning. Graduating businesses recognized for completing the program include: