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listen to this article- The SBA offers its Business Leadership Program free of charge.
- Applicants must be in business for three years, have annual sales of $250,000, and have at least one employee.
- Two cohorts of 25 companies will be accepted.
Small business leaders in south-central Pennsylvania have the opportunity to learn new business skills for free through the Small Business Administration.
Steve Diksell, Eastern Pennsylvania District Director, said the SBA THRIVE Emerging Leaders Reimagined program is being offered to two groups of 25 business leaders looking to advance their professional skills.
To qualify for the program offered in the Harrisburg/Lebanon area and King of Prussia, businesses must be at least three years old, have sales of $250,000, and have at least one employee in addition to the owner, he said. is said to be a condition. It covers approximately 40 counties in eastern Pennsylvania, including the Lehigh Valley.
Mid-Atlantic Regional Administrator John Fleming said the national program is aimed at taking businesses to the next level.
“This is transformational and will enable small businesses to grow into large enterprises,” Fleming said.
This program aims to fill the gap. Fleming said there are programs for startups, but none with a growth model.
THRIVE stands for Train, Hope, Rise, Innovate, Venture, Elevate. The program combines online learning and in-person sessions and focuses on strengthening leadership, strategic financial management, market innovation, and fostering a thriving company culture, Dixel said.
Over a six-month period from late June to December, participants will engage in an interactive curriculum, receive coaching from experienced business professionals and develop a three-year strategic growth action plan, it added. The application deadline is April 28th.
This year, the program expanded to 65 locations across the country. Fleming said the program launched in 10 of the largest cities, including Philadelphia, with each location accepting only 20 companies.
“Now we have more instructors and longer programs,” he said.
The program provides customized engagement, problem solving, and peer-to-peer interaction. Dixel said he will foster a business ecosystem among peers, government leaders and the financial community. This helps build sustainable and scalable businesses that drive regional and national economic development.
“We’re looking for small businesses and business owners with high growth potential,” Fleming said. “We are looking for coachable individuals who are eager to complete the program and are ready to take on the challenge.”
When the program launched in 2008, 8,000 small businesses participated. Fleming said 11,000 jobs and $1 billion in revenue were realized.
Fleming said the company has also secured about $4 billion in government contracts.
Last year, SBA received feedback from participants that the in-person module was the most valuable, with more than 96% saying they would recommend the program to a colleague.
“This is executive level training, it may not be an MBA, but it provides that level of education,” Fleming said. “We offer change and growth opportunities to join a network of successful businesses.”
“This program is taught by leading business experts and attracts companies from all sectors,” Dixel said. “We look forward to having them participate in training.”
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