'Mini MBA' Program Helps Urban Entrepreneurs
January 15, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
The U.S. government is expanding a program that helps urban small business owners by providing them with the sort of business knowledge that may be familiar to many people working on MBA degrees.
This week, the Detroit Free Press reported that Detroit was one of 15 cities where small business owners in certain neighborhoods could apply for a free "mini MBA-style program" called the Emerging 200 Initiative.
Under the program, the business owners can reportedly send their executives to study management, growth strategies, marketing, and other topics familiar to MBA students. Companies must have about $400,000 in gross revenues and have been in business for three years to participate.
"By helping them prepare for the challenges of today’s economy, SBA is tapping into the power of local entrepreneurs to transform their communities, generate new jobs, and make real and lasting changes," acting SBA administrator Sandy Baruah said in a statement in December when the program's expansion was first announced.
While a "mini MBA" is no substitute for an actual MBA degree, it helps remind entrepreneurs and professionals of the important skills, both personal and business, that can be developed by enrolling in either an online MBA program or studying in a traditional classroom setting.
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Related Article Topics: Management | Business News
