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SBA expands training to Native Americans near Seattle
Posted
at
10:26 am
by Amy Rolph
A federal small-business training program is expanding to Native American communities across the country, including those in the Seattle area.
The federal Small Business Administration announced today that it's expand the Emerging 200 (e200), an executive-level training program for small business owners. The expansion will take place next year.
The announcement comes just days after President Obama promised Tribal Leaders he would work to bring economic prosperity to Native American Communities. Some reservations across the country have unemployment rates as high as 80 percent.
The e200 program is open to businesses with potential for growth in under-served markets, according to a statement from the SBA. The program provides training, networking opportunities and other resources to help grow businesses and create jobs.
“Over the last few years e200 has been a catalyst for expanding opportunities for many promising small businesses in under-served communities – in particular those who have been most impacted by these tough economic times,” SBA Administrator Karen Mills said.
According to SBA data, more than half the businesses that already participated in the nine-month e200 training saw an increase in revenue, and almost two-thirds have created new jobs. And entrepreneurs who completed e200 secured more than $9 million in new financing.
Besides the Seattle area, the program will also expand to include Native American communities near Portland, Denver, Albuquerque, Tucson, Phoenix, New Orleans and other locations.
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