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SBA seeks participants for Emerging Leaders program

Morgan Aguilar
March 20, 2017 05:16 PM

A federally-funded program is helping New Mexico small business owners succeed.

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The U.S. Small Business Administration’s New Mexico district office is accepting applications for the Emerging Leaders program. It’s a free, seven-month course designed to help small business owners grow their operation.

Participants can expect to spend about 100 hours working on a growth action plan, specific to their business.

Phoebe Suina owns High Water Mark. The company helps New Mexico communities seek resources and grant money after flooding and major wildfires. Suina graduated from the Emerging Leaders course last year.

"We were able to, since the program, hire two folks on board,” said Suina. So staffing is up about 30 percent already."

To qualify, small business owners must have been in business at least three years, have at least one employee besides themselves, and have at least $350,000 in annual revenues.

"It is a very intense program and it is a huge commitment,” said Joshua Baca, Business Opportunity Specialist for SBA’s New Mexico district office. “But it is very beneficial to the small business and the development and growth of that small business."

The SBA says graduates of the Emerging Leaders program have created 2,000 jobs across the country. They report small businesses in New Mexico employ 55.5 percent of the state’s private workforce.

In addition to a structured plan of action for her business, Suina says working with other small business owners helped her feel more confident.

"For me, it was the partnership and the feeling of like, okay I'm not in this alone that gave me that confidence," said Suina.

The next course runs April-October. Applications are due Friday, March 24.

Click here to find out more and/or apply: https://www.sba.gov/offices/district/nm/albuquerque/resources/sba-emerging-leaders-albuquerque

Credits

Morgan Aguilar

Copyright 2017 KOB-TV LLC, a Hubbard Broadcasting Company. All rights reserved

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