Puerto rico government

SBA Launches THRIVE Training for Small Business Leaders

United States Small Business Administration

Administrator Isabella Casillas Guzman, head of the US Small Business Administration (SBA) and spokesperson for America’s 32.5 million small businesses in President Biden’s cabinet, announced the launch of THRIVE (Train, Hope, Rise , Innovate, Venture, Elevate), a redesigned training program for small business leaders, formerly known as emerging leaders.

“The THRIVE Emerging Leaders Reimagined initiative will provide emerging small business leaders with the tools, knowledge and access to the best and brightest minds in economic development to help them accelerate their growth and become competitive in an increasingly competitive economy. more globalized,” says Administrator Guzman. “The Biden-Harris administration continues to do everything possible to enable small business owners to continue fueling our nation’s historic economic growth.”

According to Wayne Huddleston, senior regional manager for the US Virgin Islands, local recruitment for the 2022 training cycle has already begun. “U.S. Virgin Islands small business owners and entrepreneurs can learn more about eligibility, application process, program format and locations by visiting www.sbathrive.com or by contacting the local SBA U.S. Virgin Islands office,” Huddleston said.

SBA’s THRIVE Emerging Leaders Reimagined provides free entrepreneurship education and training for leaders of successful small businesses. Lasting six months, this series of intensive entrepreneurship training for executives includes in-person coaching, self-paced instruction, mentoring and classroom time.

The program enables participants to work with a network of experienced subject matter experts in fundamental business areas such as accounting, business strategy, marketing, and human resources, tailored to the unique needs of small business owners.

“Under the action and results leadership of Administrator Guzman, we are committed to transforming our learning ecosystem to be faster and more relevant and to meeting small businesses where they are today. We embody this approach with THRIVE Emerging Leaders Reimagined. With this redesigned program building on our rich history, we will expand access to more small businesses and more locations and increase accessibility through a virtual component. We are energized, engaged and ready to go,” said Mark Madrid, SBA Associate Administrator of the Office for Entrepreneurial Development.

THRIVE’s redesigned design removes the single model in exchange for engagement, problem-solving, and peer-to-peer interaction within cohorts. Additionally, the new format fosters an ecosystem of business relationships between peers, government leaders and the financial community.

As a result, the training program will help create sustainable and scalable businesses that promote economic development within their communities and the United States as a whole,” said Josué Rivera, district manager for SBA Puerto Rico and the Islands. American Virgins, who added that interested entrepreneurs should visit the redesigned THRIVE Emerging Leaders homepage for eligibility requirements, registration and training locations.

Applications from potential participants are accepted until 31 May.

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