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SBA accepting applications for T.H.R.I.V.E executive-level business training

The deadline to register is April 28 and there are only 50 spots available.

The U.S. Small Business Administration (SBA) has opened registration for the 2024 edition of the redesigned Thrive (Train, Hope, Rise, Innovate, Venture, Elevate), a free national training program for small business leaders, formerly known as Emerging Leaders.

The program offers free business education and training for high-performing small business executives. The six-month intensive entrepreneurship training series includes in-person coaching, self-paced instruction, mentorship and classroom time, designed for participants to collaborate with a network of experienced subject matter experts in basic business disciplines such as accounting, strategy, marketing and human resources..

The program is aimed at small- and medium-sized business owners who have been operating for at least three years, have an annual revenue of at least $250,000, employ at least one person besides the owner and partners, and can commit to the six-month program from June 18 to Dec. 10.

The program will run two cohorts — one in the North/Metro zone and another in the Central/South zone — combining online learning with face-to-face sessions. The curriculum focuses on leadership improvement, strategic financial management, market innovation and fostering a thriving business culture, the SBA said.

“This innovative cohort model promotes an ecosystem of connections that facilitate the growth of business leaders participating in the cohort, in addition to training and connections with leaders from the industry, government, business ecosystem, resources and financial community,” said Josué Rivera, SBA’s district director for Puerto Rico and the U.S. Virgin Islands

“As a result, T.H.R.I.V.E. helps participating entrepreneurs develop growth plans and receive training to achieve sustainability and take their business to the next level. Hence, promoting economic growth and responsibly contributing within their communities,” he said.

The registration deadline is April 28, with 50 spots available.

Over the course of the program, entrepreneurs will participate in an interactive curriculum, receive advice from business experts and develop a three-year strategic growth action plan.

“This initiative will provide up-and-coming small business leaders with tools, knowledge, and access to the best and the brightest minds in economic development to help them accelerate their growth and help them become competitive in an increasingly global economy,” said SBA Administrator Isabel Casillas-Guzmán.

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This story was written by our staff based on a press release.

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