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
cynthia.collett@sba.gov.
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From the Office of City Council Vice President Robert Lilligren
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