LOS ANGELES — The U.S. Small Business Administration continues to accept applications to register for its 2017 Emerging Leaders executive-level training series for Los Angeles, Ventura and Santa Barbara counties. This is the fifth year the program has been held in Southern California and the third consecutive year that there will be two cohorts.
Nationally, the Emerging Leaders Program has trained over 3,000 promising small business owners in underserved communities, helping more small businesses scale up and create jobs every year.
“Emerging Leaders provides promising small business owners with a free opportunity to get expert, intensive training that’s designed with their needs in mind,” said SBA Los Angeles District Director Victor Parker. “Studies show Emerging Leaders graduates have increased revenues, created new jobs, and attracted capital,” he added.
The Emerging Leaders Program has been a catalyst for expanding opportunities for underserved communities. Entrepreneurs who graduated from the Emerging Leader Program have contributed to more than $1 billion in government contracts secured and $73 million accessed in new financing nationally. Graduates also reported having created more than 2,000 new full-time jobs since the program’s inception. Sixty-two percent of surveyed participants reported an increase in revenue while 70 percent of those surveyed reported maintaining or creating new jobs in their communities program wide. The initiative graduated nearly 800 small business owners last year, representing the largest graduating class since it began in 2008.
The seven month intensive executive entrepreneurship education series includes approximately 100 hours of classroom time per participant and provides the opportunity for small business owners to work with experienced mentors, attend workshops and develop connections with their peers, community leaders and financial communities. Los Angeles District Office recruitment for the 2017 training cycle is underway and classes are scheduled to begin in April.