NEW YORK – Dan and John’s Wings, Finker Wellness, the Doughnut Plant, Carloha, Mott Optical, Lady M Confections, Enviowash, Dr. Mac, ISS Action Security, Our Children First, Makana BBQ and ESC Cabling – what is one thing each of these small businesses have in common?
All of them graduated from the U.S. Small Business Administration (SBA), New York District Office’s Emerging Leaders program.
What is the Emerging Leaders program?
According to SBA Regional Administrator, Region II, Steve Bulger, Emerging Leaders is, “…one of SBA’s best-kept secrets that we don’t want to be a secret anymore. Emerging Leaders is another way SBA supports job growth and production throughout all regions of the United States.”
Bulger added that since Emerging Leaders’ inception in 2008, the program has trained 5,000 small businesses, creating over 6,500 jobs, generating over $300 million in new financing and securing over $3.16 billion in government contracts.
The New York SBA District Office is forming two cohorts of Emerging Leaders – one in Yonkers and one in Manhattan. Classes begin in April and run through October. The deadline for applications is February 23, 2018.
Beth Goldberg, Director of the New York District SBA Office, said that perhaps the biggest take away for small business owners from the program is a three-year growth plan.
“I know I would have benefited from this program when I was running my own company,” Goldberg said. “Where else can you talk openly and honestly with other small business owners about what’s really going on in your company? And then, after the seven-months of classes, each participant emerges with a plan personally tailored for his/her business. SBA calls it a ‘mini-MBA because the lessons business owners learn are invaluable.”
Dan Henninger, of John and Dan’s Wings, said that talking with other small business owners about the problems he thought were particular to his business helped him to feel like he was a part of an entrepreneurial community.
Gavin Reilly, CEO of Tri State Fine Homes, agreed that the new relationships developed through the program were helpful. He also discovered new small business resources, such as SBA lending products and the network of SBA’s Resource Partners to strengthen his company.
The Emerging Leaders initiative includes nearly 100 hours of classroom time. It provides free entrepreneurship education and training for executives of small, poised-for-growth companies that are potential job creators. Interested small business owners can learn more regarding eligibility, how to apply, and class schedules at the SBA’s Emerging Leaders website
Because of the program’s success, SBA has expanded the initiative in 2018 to include a total of 60 locations across the SBA’s 68 nationwide districts. Applicants to the New York District Office’s Emerging Leaders Program should:
- Have an annual revenue between $400,000 and $10 million
- Have been in business at least three years
- Employ at least one person in addition to the owner
- Be a key decision makers in the company
Follow this link to apply today. Choose “Yonkers, New York,” or “New York, New York,” under “program location”.
Follow this link to learn more and join one of SBA New York’s information sessions and learn more about the program.