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Economic Development

Small-business Program to Expand

11/09/2009 - The U.S. Small Business Administration will expand the Emerging 200 (e200), an executive-level training initiative for small-business owners, in 2010.  The initiative will continue in 10 cities, including Atlanta and Jacksonville, Fla.

“Over the last few years e200 has been a catalyst for expanding opportunities for many promising small businesses in underserved communities – in particular those who have been most impacted by these tough economic times,” SBA Administrator Karen Mills said. “Graduates of the program have increased their revenue, created jobs and helped drive local economic growth in their communities. SBA’s commitment to not only continue but expand the program, will build on this success and provide even more entrepreneurs in underserved communities with the support, resources and skills to succeed.”

Since its inception, e200 has identified business owners across the country who show a high potential for growth in underserved markets—and provided them with the training, networking, resources and motivation required to expand operations and create jobs.
So far, more than half of the businesses that participated in e200 have seen an increase in revenue, and nearly two-thirds have created new jobs.  Entrepreneurs who have completed the training have secured over $9 million in new financing for their businesses.

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