The government program, Emerging 200, trains entrepreneurs in an urban environment and Detroit is participating.
Excerpt:
"We know that small business can play a role in economic recovery,"
said Jack Bienko, the SBA's deputy director for entrepreneurship
education.
Each participating E200 business must be headquartered
in an inner city, generate $400,000 or more in annual revenue, and be
at least three years old. The group's business owners attend classes
every other week, which are hosted by officials from local SBA branches
or by partner organizations such as chambers of commerce. On the off
weeks, the attendees gather for peer-group sessions, at which smaller
groups of four or five participants collaborate on class homework and
discuss the ups and downs that their businesses face.
At the end
of the six-month program, E200 participants walk away with a written,
three-year growth plan - a helpful document to have handy for
entrepreneurs looking for business loans or investors.
Read the entire article
here.
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