Portland, Ore. – The Portland Business Alliance and Portland Community College’s Small Business Development Center (SBDC) are now accepting applications for its small business scholarship program. As part of the partnership, the Alliance underwrites the cost for 12 small business owners to complete a one-year training course conducted by the SBDC. The partnership also includes a mentoring component and a two-year free Alliance membership. The program is entirely funded by grants from the Alliance’s Charitable Institute and Bank of America.
“Now in its sixth year, this program has a proven track record of helping small businesses grow and add jobs,” said Sandra McDonough, president & CEO of the Portland Business Alliance. “For many small business owners, simply connecting them with the resources they need can make all the difference. In addition, the program sets these businesses up for success through one-on-one mentoring with award winning business advisors.”
The course is designed for owners of small businesses who qualify as “traded sector” because they sell a portion of their products or services outside of the Portland region. Qualified applicants must have been in business for three to five years, have at least one employee and are looking to take their business to the next level. Program participants will meet monthly. Topics of the SBDC classes include:
- Sourcing capital and financing;
- Financial and marketing management; and
- International markets.
“Bank of America is excited to support the SBDC’s small business scholarship program,” said Craig Christenson, Bank of America small business banking manager. “Now in our sixth year of partnering with the program, this is just one way we’re helping to connect members of our community with the resources they need to succeed. The Portland-metro region is a great place for small business, and we’re pleased to be able to help business owners grow and thrive.”
The 48 scholarship recipients from the 2011, 2012, 2013 and 2014 cohorts added a total of 47 full-time jobs and more than 62 part-time jobs. Additionally, businesses experienced revenue growth equating to a net sales increase of $4,428,542. The Alliance is also tracking this year’s class to measure business and job growth.
To participate in the program, small business owners should fill out an application form on the Alliance website by October 16. A selection committee will review applications and conduct interviews in November. Participants will be selected in December and will begin the one-year program in February.
If you are interested in learning more about the program, contact Jackie Babicky-Peterson at (503) 978-5093 or email@example.com.