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SBA’s Emerging Leaders Initiative Set to Help Entrepreneurs Grow and Succeed in Minnesota

Seven-month intensive, executive entrepreneurship education series now taking applicants
Release Date: 
Tuesday, January 23, 2018
Release Number: 
18.03.MN
Contact: 
Sarah Swenty, 612-370-2316, sarah.swenty@sba.gov

MINNEAPOLIS – The U.S. Small Business Administration’s Minnesota District Office is accepting applications to a free mini-MBA training program for small to medium-sized business owners and CEOs in the Twin Cities and surrounding suburbs. The deadline to apply is February 28, 2018.

The Emerging Leaders training focuses on small, poised-for-growth companies with potential for job creation.  The seven-month intensive, executive entrepreneurship education series 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, city leaders and financial communities.

The Emerging Leaders initiative has been a catalyst for expanding opportunities for underserved communities.  Graduates have reported that nearly 70 percent achieved revenue growth and over 80 percent created new jobs or retained all existing jobs.  Graduates have secured federal, state, local and tribal contract awards over $700 million nationwide.

Local recruitment for the 2018 training cycle is underway at the Minnesota SBA district office and classes are scheduled to begin in late March. 

To be eligible to participate, the small businesses must:

  • be located in the cities of Minneapolis or Saint Paul or surrounding suburb,
  • generate revenues between $400,000 and $10 million,
  • have been in business for at least three years,
  • have at least one employee besides the CEO participant,
  • and be committed to attend 13 workshops and complete required course-work.

Interested small business owners are invited to learn more about the initiative at www.sba.gov/emergingleaders and download the one page application at https://www.sba.gov/mn.  Then send it to SBA Minnesota District Office’s Sarah Swenty at sarah.swenty@sba.gov. Please add Minnesota Emerging Leaders Application to the subject line.

Classes will begin late-March and will be held every other week through early October. There is no charge to participants; the only costs are the CEO’s time and commitment to complete the curriculum.

Don’t live in the metro area?  Interested business owners in the northwestern part of the state are encouraged to consider applying for the Fargo Emerging Leaders class.  Learn more by contacting Sherri Komrosky at 701-239-5658 or sherri.komrosky@sba.gov.

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About the Small Business Administration

The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012 has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.  The SBA helps Americans start, build and grow businesses.  Through an extensive network of field offices and partnerships with public and private organizations, the SBA delivers its services to people throughout the United States, Puerto Rico, the U.S. Virgin Islands and Guam. http://www.sba.gov/mn

Related State: 
Minnesota