The Small Business Administration does quite a bit more than just loan guarantee programs and educating business owners. They also offer business plan counseling, disaster relief funding, and much more. We’ll discuss more about what they do, specifically the SBA 200 Program, in today’s article.
The goal of the SBA Emerging 200 initiative is to identify 200 inner-city businesses across the country that show a high potential for growth—and to provide them the network, resources and motivation required to build a sustainable business of size and scale.
SBA is increasing outreach to areas historically challenged by high levels of unemployment and poverty. Bolstering entrepreneurial success in these areas will generate new jobs, attract investment, and provide a more sustainable economic base in distressed areas.
The SBA Emerging 200 initiative will enable the participating small businesses to engage in an intensive curriculum focused on developing a winning, expansion strategy for their business, including options for capital access and contracting. Participants also will have the opportunity to work with experienced mentors, attend workshops and develop connections with their peers, city leaders, and financial community.
The initiative will run executive training series in a number of urban areas and Native American communities during the 2010 cycle.