SBA Seeks Small Biz Owners For Emerging 200 Initiative

DETROIT – The U.S. Small Business Administration’s Michigan District Office is seeking small business owners for its second round of the “Emerging 200 Initiative.” Last year, 16 Detroit-based small businesses successfully completed this in-depth training program for senior executives.

“We’re pleased, along with our partners, to offer the second round of Emerging 200 and its MBA-style program to Detroit,” said Richard Temkin, SBA Michigan District Director. “Graduates of the program have increased their revenue, created jobs and helped drive local economic growth in their communities. We hope eligible small businesses will take full advantage of this tremendous opportunity for Detroit-based businesses.”

Participation in e200 is free to qualifying businesses. Criteria for participation include having been in business for a minimum of three years, gross annual revenues of at least $400,000, and a business located within inner-city areas of Detroit. Participation is limited to 16 businesses.

The six-month training includes approximately 100 hours of classroom time per participant. It will focus on such topics as finance, market development, organization management, strategic planning and growth strategies. CEOs will also have an opportunity to connect with their peers, city leaders, and the financial community.

The following organizations are cosponsors of the e200 initiative:

• Detroit EconomicGrowth Corporation

• Detroit RegionalChamber

• Mayor’s Office ofTargeted Business Development

• Michigan EconomicDevelopment Corp.

• Michigan MinorityBusiness Development Council

• Michigan SmallBusiness&Technology Development Center

• TechTown

If you are interested in exploring this opportunity, please contact Constance Logan at (313) 226-6075, ext. 279.

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