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omb -- SBA Launches 2014 Emerging Leaders Initiative to Help Small Businesses Reach the Next Level of Growth

Posted: 03 Mar 2014 15:27:17
For the seventh consecutive year, SBA is looking for small
businesses to partake in the highly successful Emerging Leaders
executive-level training initiative that provides the tools they
need to sustain and grow their businesses. The Emerging Leaders
initiative is an intensive training program for small companies
that have the potential for quick growth and job creation.

This seven-month executive educational series includes classroom
time and provides the opportunity for small business owners to
work with experienced mentors, and develop connections with their
peers, city leaders, and financial communities.

Local recruitment for the 2014 training cycle is now underway at
selected SBA district offices, and classes are scheduled to begin
in April 2014. 

The number of participating cities has grown to 27, and includes
Fresno and Los Angeles.

If you are an interested small business owner and want to apply
to the 2014 training cycle, be sure to first look at the
participant eligibility requirements.

Since 2008 the initiative has trained more than 2,000 promising
small business owners in underserved communities, and continues
its impact to help small business owners grow and create jobs.
Nearly 400 businesses graduated in 2013 Ė the largest graduating
class since Emerging Leaders began.

One such graduate is Eric Franklin, president and CEO of EriMax
Inc., an information technology and acquisition management
company in Maryland that handles large-scale contracts for the
federal government. This 2012 Emerging Leaders graduate now
employs 74, up from 35 in 2009. The business has focused on
expanding into new areas through partnering and subcontracting.
In previous years, its focus was procuring prime contracts.
Franklin is also a graduate of the SBAís 8(a) Business
Development Program that helps small, disadvantaged businesses
compete in the marketplace.

After participants in the Emerging Leaders training graduate,
companies have reported they were awarded federal, state, local
and tribal contracts, worth more than $1 billion. Sixty-two
percent of surveyed participants reported an increase in revenue
while 72 percent of those surveyed reported maintaining or
creating new jobs in their communities.

More information on Emerging Leaders training is available online
at: http://www.sba.gov/emergingleaders

You can also contact your local SBA District Office in the
participating cities to learn more:
http://www.sba.gov/about-offices-list/2


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