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Build a Foundation with the EEC

Build a Foundation with the EEC


Hello, we are here at the Emerging Enterprise
Center today. The Small Business Administration tells us
that 30%, 35% of businesses fail within the first two years. 50% of small businesses fail within the first
five years. Dun & Bradstreet tells us that most of these
businesses don’t fail because of some catastrophic event, it is just from basic daily execution:
the cash flow, it may be something that they haven’t thought about. Our goal here at the Emerging Enterprise Center
is to stop that from happening. So what we do is we help small businesses
really build a solid foundation so that they go beyond those first five years and they
have a business from which to continue, grow, and get larger and larger. Since we started in 2010, we helped 36 small
businesses. These small businesses, while they were in
the program, generated over 60.5 million dollars in revenue and have created 156 full time
jobs. I recently learned that one of the small businesses
has since graduating created 400 jobs. So that is the goal of the Emerging Enterprise
Center to help small businesses launch, and grow their business, and stay in business
long term. Thank you.

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