SBA Picked Jacksonville for Special Small Business Program
Jacksonville is among five new cities that will be added to the U.S. Small Business Administration’s innovative Emerging 200 program.
The program was developed to identify and support inner-city small businesses that have substantial potential for growth. The program provides them with training, networking and other resources.
“By helping them prepare for the challenges of today’s economy, SBA is tapping into the power of local entrepreneurs to transform their communities, generate new jobs and make real and lasting changes,” said SBA Acting Administrator Sandy Baruah.
The other cities added to the extended program are Detroit, Dallas, Denver and Portland.
In October 2007, SBA commissioned the Initiative for a Competitive Inner-City to identify the nation’s largest inner city areas that have experienced flat or negative compound annual job growth rates in recent years. Based on this study, SBA selected 10 cities to participate in the Emerging 200 based on the cities’ interest, demonstrated support from the local community and capacity to the support the effort with SBA District office staff and in-kind support from resource partners. Those cities included Boston, Philadelphia, Baltimore, Memphis, Atlanta, Chicago, Milwaukee, Albuquerque, New Orleans and Des Moines.
Source: Jacksonville Business Journal
The program was developed to identify and support inner-city small businesses that have substantial potential for growth. The program provides them with training, networking and other resources.
“By helping them prepare for the challenges of today’s economy, SBA is tapping into the power of local entrepreneurs to transform their communities, generate new jobs and make real and lasting changes,” said SBA Acting Administrator Sandy Baruah.
The other cities added to the extended program are Detroit, Dallas, Denver and Portland.
In October 2007, SBA commissioned the Initiative for a Competitive Inner-City to identify the nation’s largest inner city areas that have experienced flat or negative compound annual job growth rates in recent years. Based on this study, SBA selected 10 cities to participate in the Emerging 200 based on the cities’ interest, demonstrated support from the local community and capacity to the support the effort with SBA District office staff and in-kind support from resource partners. Those cities included Boston, Philadelphia, Baltimore, Memphis, Atlanta, Chicago, Milwaukee, Albuquerque, New Orleans and Des Moines.
Source: Jacksonville Business Journal
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