Portland Business Alliance Accepting Applications for Small Business Program

Tuesday, September 15, 2015

The Portland Business Alliance and Portland Community College's Small Business Development Center are now accepting applications for their Small Business Scholarship Program.

The program, funded by grants from the PBA's Charitable Institute and Bank of America, offers participants a chance to complete a one-year training course taught by the SBDC, free of charge. It also includes a mentoring component and a free two-year PBA membership.

“Now in its sixth year, this program has a proven track record of helping small businesses grow and add jobs,” said Sandra McDonough, President and CEO of the PBA. “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.”

To be eligible, applicants must have been in business for three to five years, sell a portion of their goods or services outside the Portland area and have at least one employee. The program will meet monthly, and classes will focus on sourcing capital and financing; financial 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 2011 to 2014 added a total of 47 full-time jobs and more than 62 part-time jobs. Additionally, the businesses experienced revenue growth equating to a net sales increase of $4,428,542. The PBA 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 PBA 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 protected].

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