Best Practices

How the Emerging Leaders Initiative Can Help Take Your Small Business to the Next Level

Published Feb 20, 2015

If you are looking to expand and grow your small business in 2015, the SBA’s Emerging Leaders Initiative may be for you.

The SBA is once again looking for small Success Starts Herebusinesses to participate in our successful Emerging Leaders executive-level training program that provides the tools to help small companies sustain and grow. The Emerging Leaders initiative, now it its eight consecutive year, is an intensive training program for small businesses that have the potential for quick growth and job creation.

Emerging Leaders provides participating businesses with not only a resource network but also an organizational framework that helps to form sustainable businesses and promote the economic development within urban and rural communities.

The success of the training program is well documented by the hundreds of small business owners around the country whose businesses have greatly benefited from Emerging Leaders. Graduates of the initiative have significantly increased their revenue, helped create jobs and drive economic growth in their local communities.

Hear first-hand from some of the past participants about their experience with Emerging Leaders and the impact made on their businesses in this two-minute video titled “Why You Should be Part of SBA's Emerging Leaders.”

Since 2008 the initiative has trained more than 2,400 promising small business owners in underserved communities, and continues its impact in helping small business owners grow and create jobs. Over 400 businesses graduated in 2014 class. Will you be the next?

Local recruitment for the 2015 training cycle is now underway at selected SBA district offices, and classes are scheduled to begin in April.

Because of the success of Emerging Leaders, the training will be offered in an additional 21 cities throughout the country this year, including Birmingham, Charlotte, Salt Lake City, Puerto Rico and Providence. Hosting locations for 2015 include:

Albuquerque, N.M. Memphis, Tenn.
Atlanta, Ga. Miami, Fla.
Austin, Texas* Milwaukee, Wis.
Bakersfield, Calif.* Minneapolis, Minn.
Baltimore, Md. Nashville, Tenn.*
Birmingham, Ala.* Newark, N.J.
Boise, Idaho* New Orleans, La.
Boston, Mass. New York, N.Y.*
Charlotte, N.C.* Oklahoma City, Okla.
Chicago, Ill. Philadelphia, Pa.
Columbus, Ohio* Phoenix, Ariz.
Dallas, Texas Pittsburgh, Pa.*
Denver, Colo. Portland, Ore.
Detroit, Mich. Providence, R.I.*
El Paso, Texas* Salt Lake City, Utah*
Fargo, N.D.* San Juan, Puerto Rico*
Honolulu, Hawaii Seattle, Wash.
Houston, Texas* Sioux Falls, S.D.*
Indianapolis, Ind.* St Louis, Mo.
Jackson, Miss.* Syracuse, N.Y.
Las Vegas, Nev.* Tampa, Fla.*
Little Rock, Ark.* Washington, D.C.
Los Angeles, Calif. Wichita, Kan.
Louisville, Ky.* Youngstown, Ohio

*new locations for 2015

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.

If you are an interested small business owner and want to apply to the 2015 training cycle, be sure to first look at the full eligibility requirements for participants.

Eligible small businesses must be represented by a CEO, COO or CFO, have three years of business operation, have at least one employee besides the business owner, and generate between $400,000 and $10 million in gross annual revenues.

More information on the Emerging Leaders training program is available online. You can also contact your local SBA District Office in the participating cities to learn more.

Photo credit: morgueFile free photos

Tameka Montgomery is Associate Administrator for the Office of Entrepreneurial Development at the SBA. This post originally appeared at sba.gov.