SBA’s Emerging Leaders Initiative Opens Recruitment
SAN JUAN – The U.S. Small Business Administration (SBA) and its Atlantic Regional Office (U.S. Region II) announced the launch of the 2019 Emerging Leaders Initiative for executives of small businesses that are potential job creators in emerging markets.
The SBA’s Emerging Leaders provides free executive entrepreneurship education in a series that includes nearly 100 hours of classroom time.
“Participants are provided with the opportunity to work with a network of experienced coaches and mentors, attend specialized workshops, and develop connections with their peers, city leaders, and the financial community in order to build sustainable businesses that promote economic development within their communities,” the SBA explained in its announcing release.
The SBA said that, since its inception in 2008, Emerging Leaders has trained more than 5,000 small-business owners, “creating over 6,500 jobs, generating over $300 million in new financing, and securing over $3.16 billion in government contracts.”
“I am proud of the success the Emerging Leaders and the impact the training has made in helping to take small businesses to the next level,” said Allen Gutierrez, associate administrator of the SBA’s Office of Entrepreneurial Development.
Recruitment for the 2019 training cycle is currently ongoing in Region II’s New York, Syracuse, New Jersey and Puerto Rico District Offices.
The initiative is now offered in 60 cities, and “due to the program’s popularity and success, funds have been allocated to expand the program in the Puerto Rico District Office so that more entrepreneurs can be welcomed into the program at, for the first time ever, three locations – San Juan, Ponce and St. Croix in the U.S. Virgin Islands,” the SBA’s release reads.
“For every $200 the SBA invests in the Emerging Leaders program, a new job is created,” SBA Regional Administrator Steve Bulger said. “That’s a substantial return on investment for small business owners ready to grow and actively contribute to our economy and provide employment opportunities to neighbors in our communities.”
Basic eligibility requirements to participate in the SBA Emerging Leaders Initiative include the following:
- Be a small business owner or head decision-maker
- Have business annual revenues between $250,000 and $10 million
- Have been in business for at least three years
- Have at least one employee, other than self
- Make the time commitment required of the course
- Demonstrate the business is on the brink of growth or transition
The program will run from April to September. For more information about the SBA Emerging Leaders Initiative, visit www.sba.gov/EmergingLeaders.