SBA Seeking Small Business Owners in Detroit for 2012 Emerging 200 Emerging Leaders Initiative



Published:

DETROIT -- The U.S. Small Business Administration’s Michigan District Office is seeking small business owners for its fourth round of the Emerging 200 Initiative.  Detroit is one of only 27 cities across the country to participate in the e200 initiative which aims to help promising small businesses in underserved communities sustain and grow their businesses, providing training they use to succeed and create jobs.

“We’re pleased, along with our partners, to offer the Emerging 200 and its MBA-style program to Detroit,” said Gerald Moore, 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.

The past three graduating classes have found the experience to be very beneficial to their business development.  “The structure of program, the opportunity to interact with other small businesses and the overall pace was outstanding.  The program motivated and inspired us to look at our businesses with the “blinders” off.  The investment in the time was well worth it.  We have begun to reap the benefits and are confident we will continue to do so.”  C. Denise Griffith, GS Group LLC, e200 2011 graduate.

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 the city of Detroit.  Participation is limited to 17 businesses.  An orientation session for those interested in participating is scheduled on February 27, 2012 from 6:00 to 7:30 p.m. at TechTown, 440 Burroughs, Detroit, MI  48202.

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 Economic Growth Corporation
  • Detroit Regional Chamber
  • Michigan Economic Development Corp.
  • Michigan Minority Business Supplier Diversity Council
  • Michigan Small Business & Technology Development Center
  • TechTown
Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Related Articles

Ford to Auction Aviation-inspired Mustang

Dearborn-based Ford Motor Co. has unveiled a new aviation-inspired Mustang, which will be auctioned off to benefit the Wisconsin-based Experimental Aircraft Association’s youth education programs.

Fontinalis Partners Closes on $100M Mobility Fund

Fontinalis Partners, a Detroit-based venture capital firm, has closed on its second fund, Fontinalis Capital Partners II L.P., for $100 million. The new fund will invest in companies working on next-generation mobility technologies.

Tropical Smoothie Opens Westland Location

Tropical Smoothie Cafe, a fast casual restaurant that focuses on smoothies and healthy food options, has opened a new location in Westland. The new location is the company’s 37th store in Michigan and 500th store total.

Sophia Loren Event to be Held at Detroit Opera House

An event featuring Italian film actress Sophia Loren will take place at the Detroit Opera House this fall.

Kellogg Establishes Venture Capital Fund

Battle Creek-headquartered Kellogg Co. has announced plans to invest $100 million in start-up businesses working on new ingredients, foods, packaging, technology, and more, through its new venture capital fund.
Edit ModuleShow Tags

Most Popular

  1. Report: Michigan Ranks as Most Improved State for Business, Reaches Top Ten
    Michigan was cited as this year’s most improved state for business, and ranked seventh overall,...
  2. FCA U.S. Launches Public Cybersecurity Program
    FCA U.S. in Auburn Hills has launched a public bug bounty program, which gives customers the...
  3. Historic Italian Restaurant to Reopen in Detroit’s Capitol Park
    La Lanterna, an authentic Italian restaurant that operated from 1956 to 1979, is reopening at The...
  4. Report: Metro Detroit Office Market Vacancy Rate Falls to 18%
    With just over 474,000 square feet absorbed, metro Detroit’s office market vacancy rate fell 60...
  5. Bloomfield Hills-based Firm Creates Robotic Dining Solution for the Disabled
    Desin, a technology company founded by a group of investors from Michigan and Ohio, has released...
  6. Saint Joseph Mercy Health System First in Michigan to Offer Knee Surgery Cooling Treatment
    Pontiac-based St. Joseph Mercy Oakland, a member of Saint Joseph Mercy Health System, is the...