Support for Small Businesses
SBA District Director Nancy Libersky has announced the kickoff of its 2012 e200/Emerging Leaders executive-level training initiative for businesses located within the cities of Minneapolis or Saint Paul. Since 2008, the e200 Emerging Leaders initiative has helped nearly 1,000 promising small business owners across the country grow their businesses with support, resources and skills to succeed.
Developed by SBA, e200 offers qualified small business owners powerful benefits including innovative strategies to grow, acquire financing, access new markets and leverage networking. In 2011, an e200 program was held in the City of Minneapolis.
"The SBA's E200 program brought tremendous value to 19 Minneapolis businesses last year. The businesses lucky enough to be selected to participate were provided significant guidance over nine months in developing ambitious growth plans," said Minneapolis Mayor R.T. Rybak. "We saw real outcomes right away in Minneapolis, with the businesses opening second locations, hiring additional staff, launching new ventures, landing lucrative contracts and securing international joint ventures. I'm thrilled that this program will be offered again in 2012, opening doors for another class of expanding Minneapolis businesses."
E-200 is considered a mini-MBA type of training with the case study being the owner’s business, but it does require a major time commitment of the CEO. The eight-month program offers approximately 100 hours of combined classroom training, homework and peer-to-peer mentoring. It will provide the opportunity for small business owners to work with experienced mentors and develop connections with their peers, city leaders, and financial communities. Classes will begin mid-April and will be held every other week through early November. There is no charge to participants; the only costs are the CEO’s time and commitment to complete the curriculum.
To be eligible to participate, the small businesses must: be located in the cities of Minneapolis or Saint Paul; generate revenues between $400,000 and $10 million; have been in business for at least three years; and have at least one employee.
Interested small business owners are invited to learn more about the initiative and request to have the one page application emailed by contacting Cindy Collett at the SBA office at (612) 370-2312 or firstname.lastname@example.org.