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SBA opens registration for T.H.R.I.V.E. program, offering free business education for small business executives
The U.S. Small Business Administration (SBA) has announced the opening of registration for this year’s T.H.R.I.V.E. (Train. Hope. Rise. Innovate. Venture. Elevate) program, Emerging Leaders Reimagined. This program offers free business education for high-performing small business executives, with an investment of $15,000 per participant to ensure a high-quality training series.
Josué Rivera, the SBA’s district director for Puerto Rico and the U.S. Virgin Islands, highlighted the benefits of the program, which includes developing a three-year growth plan, receiving insights from industry CEOs, and interacting with peers. Participants must have owned a business for at least three years, generate a minimum annual income of $250,000, employ at least one person besides themselves, and commit to the six-month program running from June 18 to Dec. 10.
The program will be divided into two zones, North/Metro and Central/South, offering a hybrid service combining online learning with in-person sessions. There are no restrictions on the type of companies that can participate, making it open to all industries.
The curriculum includes eight modules focusing on effective leadership, business planning, access to capital, financing, cash flow management, and understanding profit and loss. Since its inception in 2008, the SBA Emerging Leaders Initiative has trained over 8,000 small business owners, created more than 11,000 jobs, generated nearly $1 billion in new financing, and secured over $4 billion in government contracts.
Rivera emphasized the importance of a genuine commitment from entrepreneurs to develop a sustainable business model that benefits the community and the environment. The program aims to create opportunities equitably for everyone involved.
Kiara S. Visbal, a journalism and film student at Sacred Heart University, contributed to this report, highlighting the significance of authentic media coverage for the well-being of the public.
