Nonprofit Interise Assists in Post-Pandemic Small Business Recovery
A record 5000+ applications from small businesses received
The U.S. Small Business Administration Emerging Leaders Program is launching for over 600 small businesses in 52 cities across the country over the next month and will continue to use Interise’s StreetWise MBA curriculum. Over the past twelve years, the program has assisted in building close to 6,000 sustainable businesses that stimulate economic development within their communities, and will now help lead the charge in our nation’s small business recovery.
Interise has been the curriculum provider for the Emerging Leaders Initiative since 2008, when America fell into its worst economic downturn in decades. According to US Census data, during the Great Recession of 2008-2010 over 170,000 small businesses closed. In contrast, Interise alumni experienced 34% revenue growth and created 4x more jobs than the rest of the private sector. These indicators show that Interise alumni are resilient during times of crisis – be it economic or pandemic.
To reflect the ever-changing times due to COVID-19, Interise has enhanced the program by adding an e-learning portion of the StreetWise MBA curriculum to be delivered in a blended format, meaning participants will access the materials synchronously via live virtual sessions as well as asynchronously.
The SBA Emerging Leaders program will be using this enhanced version of the StreetWise MBA, which combines online self-paced sessions, virtual instructor-led sessions, peer learning, and access to subject matter experts – building a local and national online community of business owners, instructors, field practitioners, and an online business directory and resource center.
“Interise is a cutting edge national-nonprofit with a proven model for accelerating small business growth and we are thrilled to be sharing this new blended iteration of our StreetWise MBA program,” said Interise CEO, Darrell Byers. “We’re confident it will be a great success and aid in our goal of building diverse and inclusive local economies through small business-led economic development.”