SBA Emerging Leaders initiative
Emerging Leaders is a free educational series that provides executives with the organizational framework and resources to build sustainable businesses and support economic development within underserved communities.
General information about this opportunity
Last Known Status
Active
Program Number
59.069
Federal Agency/Office
Small Business Administration
Type(s) of Assistance Offered
C - Direct Payments For Specified Use
Program Accomplishments
Fiscal Year 2022 In FY 2022, 78% of T.H.R.I.V.E. participants obtained revenue growth, and 66% of participants were successful at creating or retaining jobs. Additionally, 93% of participants indicated that they would recommend the program to other business owners.
Authorization
15 USC 637(b)(1)(A)(Section 8(b)(1)(A) of the Small Business Act.)
Who is eligible to apply/benefit from this assistance?
Applicant Eligibility
Existing small business owners that meet criteria, this training is for established business owners and is not for start-ups or people who are thinking about starting a business. The Emerging Leaders Initiative advanced training series is open to small business owners and executives that have annual revenues of at least $400,000.00, have been in business for at least 3 years, and have at least one employee, other than self.
Beneficiary Eligibility
Existing small business owners
Credentials/Documentation
N/A
What is the process for applying and being award this assistance?
Pre-Application Procedure
Preapplication coordination is not applicable.
Application Procedure
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards.
Award Procedure
Based on available funding
Deadlines
Contact the headquarters or regional location, as appropriate for application deadlines
Approval/Disapproval Decision Time
Not applicable.
Appeals
Not applicable.
Renewals
Not applicable.
How are proposals selected?
Criteria stated within Statement of Work
How may assistance be used?
Over the course of seven months, participants build capacity through the reinforcement of their business skills and development of their resource network. SBA Emerging Leaders specialized areas of training include: Business development strategies; Strategic planning; Finance and financial management; Marketing and sales; Human resources; Accessing capital (SBA and beyond); Government contracts (federal, state, local); and CEO mentoring.
What are the requirements after being awarded this opportunity?
Reporting
Performance Reports: Yes, national trainer (contractor) submits reports to COR.
Auditing
Not applicable.
Records
Routine records according to current Statement of Work
Other Assistance Considerations
Formula and Matching Requirements
Statutory formula is not applicable to this assistance listing.
Matching requirements are not applicable to this assistance listing.
This program has MOE requirements, see funding agency for further details. Additional Information: N/A
Length and Time Phasing of Assistance
Training classes over the course of 7 months N/A
Who do I contact about this opportunity?
Regional or Local Office
51 host offices as listed on sba.gov/emergingleaders
Headquarters Office
John Bienko
409 3rd St., SW
6th Floor
Office of Entrepreneurship Education
Washington, DC 20416 US
john.bienko@sba.gov
Phone: 202-205-6052
Website Address
http://www.sba.gov/emergingleaders
Financial Information
Account Identification
73-0400-2-3-376
Obligations
(Direct Payments for Specified Use) FY 17 est $2,675,421.00; FY 15$2,555,067.00; FY 16 est $2,732,421.00; - N/A
Range and Average of Financial Assistance
N/A
Regulations, Guidelines and Literature
Not applicable.
Examples of Funded Projects
Fiscal Year 2015 $2,555,067
Fiscal Year 2016 $2,732,421
Fiscal Year 2017 $2,675,421
Fiscal Year 2022 T.H.R.I.V.E. stands for Train. Hope. Rise. Innovate. Venture. Elevate. - an executive-level training series for established business owners looking to scale and grow. T.H.R.I.V.E. Emerging Leaders Reimagined, formerly known as Emerging Leaders, is available in 68 cities nationwide. The program addresses topics such as increasing revenue, developing a thriving company culture, increasing customer satisfaction, and strategies to diversify and innovate.