SBA Adds Newark to its 2014 Emerging Leaders Initiative
Entrepreneur Training Initiative Sparks Small Business Growth, Job Creation
NEWARK, NJ – Newark is one of four new cities to have been chosen to participate in the U.S. Small Business Administration’s 2014 Emerging Leaders initiative, an intensive executive-level entrepreneurship training program for small business owners in 27 cities and communities across the country.
Entering its seventh consecutive year, the initiative has trained more than 2,000 promising small business owners in underserved communities, and continues to expand its impact of helping small businesses grow and create jobs. This year, Newark, Washington, D.C., Miami, and, Wichita have been added to the program.
“Emerging Leaders has a proven track record of helping small businesses in underserved communities,” said SBA’s New Jersey District Director Al Titone. “Graduates of the program have increased their revenue, created jobs and helped drive local economic growth in their communities. Adding the City of Newark to the mix helps the SBA build on this success and provides even more entrepreneurs in underserved communities with the support, resources and skills to succeed.”
The seven month executive intensive entrepreneurship education series starts in April and will be held in Newark. The program has no out of pocket expense for participants, but has a significant time requirement that calls for approximately 100 hours of classroom time per participant. In addition to the training, small business owners will be given the opportunity to work with experienced mentors, attend workshops, and develop connections with their peers, city leaders, and financial communities.
“This training is for established business owners only and is not intended for start-ups or people who are thinking about starting a business,” said Titone. “The Emerging Leaders Initiative advanced training series is open to small business owners and executives who have annual revenues of at least $400,000; have been in business for at least 3 years; and have at least one employee, other than self.”
The entire press release can be found HERE.
The online application for Emerging Leaders Initiative in Newark can be found HERE.