SBA Initiative Aimed at Inner-City Small Businesses
The Small Business Administration has unveiled an initiative targeted at inner-city small businesses. SBA will work with local business resources in each city to help 200 high potential companies grow. Entrepreneurs from the companies will participate in an intensive curriculum that will include technical assistance and mentorship, with a focus on growth strategies and pursuing growth capital. Participants will also attend workshops and develop connections with banks and the private equity community.
The Emerging 200 initiative will be rolled out in late March and early April in 11 pilot cities—Boston, Philadelphia, Baltimore, Memphis, Atlanta, Chicago, Milwaukee, Albuquerque, New Orleans, Des Moines, and Oakland.
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