BLOG: Scholarship promotes small businesses and job growth; apply Sept. 16

BLOG: Scholarship promotes small businesses and job growth; apply Sept. 16

The beginning of fall marks a new season of great programs and networking opportunities at the Alliance. An important part of our mission has long been to provide future and current business leaders with access to quality educational opportunities, and this year we’ve got a great scholarship program that does just that.  

Applications will open on Friday, Sept. 16, for the Small Business Management Scholarship Program. With more than 80 percent of the Alliance membership comprised of small businesses, we understand the important role these companies play in helping the Portland regional economy thrive and grow jobs.  

This 10-month training program began in 2010 as a partnership between the Alliance and Portland Community College’s Small Business Development Center (SBDC). It provides experienced small business owners with an opportunity to grow in both revenue and employees. Topics covered include sourcing capital and financing, marketing and financial management, and exploring international markets. 

In an effort to promote small business and job growth, the Alliance offers scholarships to 12 small businesses per year for this program. Businesses will be responsible for only $500 of the $2,500 course tuition. Recipients also will receive a two-year small business level membership to the Alliance valued at $1,640 for a total scholarship package valued at $4,140. 

From 2011 to 2015, 59 out of 60 small businesses successfully completed the course. Those same program graduates have added a total of 56 full-time jobs and 68 part-time jobs to the local economy and have achieved sales growth of more than $5.5 million. For more information on how to apply or to learn more about the benefits of participating, please contact Rebecca McCulloch at [email protected].  

This scholarship is made possible through a generous partnership with Bank of America, which continues to demonstrate its commitment to small businesses. Check out other programs designed for small businesses on the Alliance website here.