SBA Launches 2015 Emerging Leaders Initiative

Entrepreneur Training Program Accelerates Small Business Growth
Release Date: 
Thursday, February 5, 2015
Release Number: 
15-03
Advisory Date: 
Thursday, February 5, 2015
Advisory Number: 
15-03
Contact: 
Jane Sawyer, 808-541-2990 x202

WASHINGTON – The U.S. Small Business Administration has launched its recruitment cycle for the 2015 Emerging Leaders executive-level training initiative. Hawaii has been selected for this dynamic program for the fifth consecutive year. Aplications are due on March 6, 2015.

“We’re looking for 16 to 18 motivated, determined entrepreneurs who are ready to put their ideas into action to grow their business,” said Jane Sawyer, Hawaii’s SBA District Director. “This initiative, established by SBA, has a proven track record of helping small business owners. It’s SBA’s accelerator model and is open to all kinds of existing small businesses, not just high tech, energy or innovation. We’ve had great mixes from industries as diverse as healthcare, security, engineering and fashion.”

To be eligible for the program, the small business must have been in business for a minimum of three years, be a “for profit” entity, have at least one employee and generate annual revenues above $350,000 and into the multi-million dollar range. The Hawaii program offers enrollment to qualified small business owners through a competitive application and interview process. Over 55 local businesses with locations on Hawaii Island, Maui and Oahu have graduated successfully from the course.

“Since 2008, SBA has offered this amazing course to those entrepreneurs and executives who have growth and development on their radar and typically haven’t had access to the tools and training to support the decision making, planning process and capital necessary,” stated Sawyer. “Completing the course translates to new skills, new goals and an execution plan that gets the desired results. Participants do the heavy lifting, but we pick up the costs of the curriculum.”

The seven-month executive leader curriculum 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, business and government leaders and financial communities. Graduates of the program continue to report that they have significantly increased their revenue, increased profitability, created more jobs and helped drive economic growth.

Local recruitment for the 2015 training cycle will continue to March 6 through the Hawaii district office in Honolulu and classes are scheduled to begin in April. For more information about Emerging Leaders, contact SBA Hawaii District office at (808) 541-2990 or hawaiigeneral@sba.gov for details and application forms.

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