York College of Pennsylvania to host Pennsylvania Treasury Small Business Initiative on Oct. 18
Small businesses will change the economy, improve the community and bring York County into the future, says Timothy Reese, Pennsylvania State Treasurer.
To help successful small businesses in York County turn that potential into reality, the Pennsylvania Treasury has launched the Small Business Initiative. The event brings together higher education, the private sector and government, to create a series of workshops where small businesses can learn from business experts.
Held in only four regions throughout the state, the J.D. Brown Center for Entrepreneurship and the Graham School of Business at York College of Pennsylvania are proud to host the Oct. 18 event.
Helping entrepreneurs is a mission close to Reese’s heart. He started, managed and sold several of his own businesses before taking his position as state treasurer.
“As an entrepreneur, I know first-hand how difficult it can be for successful business to grow,” Reese says. “The Small Business Initiative provides the knowledge and connections to help address the issues business owners face. This is important because when small business does well, all of Pennsylvania does well.”
Today's entrepreneurs and business leaders are working harder than ever before to remain competitive, says Jeff Vermeulen, director of the J.D. Brown Center for Entrepreneurship.
“If small business owners are going to invest time out of their busy day to attend an educational program, we know that it needs to be conducted at a high level in order to provide them the necessary value,” he says. “This event certainly fits the bill.”
During the event, businesses will learn how to navigate sales and taxes, answer common legal issues for new and growing businesses, plan for business transitions and discover funding opportunities.
Who the program helps
According to the U.S. Small Business Administration, about half of all new businesses fail within five years.
“Simply put, it is incredibly hard to turn an idea into a product and harder still to sell enough of the product to keep the business up and running,” Reese says. “I believe that providing successful small businesses with immediate, impactful and actionable information can lead to increased business growth and additional employment in the state.”
The Small Business Initiative is geared toward small business owners who have been in business a minimum of three years with gross revenues exceeding $250,000 for the prior two years and who provide a product or service with expansion plans within the next six to 12 months.
After the event, the Pennsylvania Treasury plans to monitor those who attend the Small Business Initiative, check in to see how they are doing, see if they are growing, identify what they need, and continue to lay the groundwork for future programming.
Working with York College
It makes sense to collaborate with a strong, community-centered academic program that lends expertise to the business community already, Reese says.
Many of the businesses in the area are past the start-up phase and offer great potential to drive economic growth in Pennsylvania by adding employees and increasing revenues, he says.
“To grow an already successful business means overcoming a different set of challenges than starting one. It requires an understanding of complex insurance, legal and financial issues, and access to new capital and markets. York College is already a presence in this market, and we are honored to be working with them.”
Dr. James Norrie, Associate Dean of the Graham School of Business and Chloe Eichelberger, Endowed Chair in Business Education, will be among the many speakers at the event.
"York College and the Graham School of Business are in a unique position to help our local young businesses thrive by providing companies with access to our highly experienced faculty and staff as well as highly skilled student interns," Norrie says.
The Graham School of Business, the J.D. Brown Center for Entrepreneurship, and the Center for Community Engagement are among the many partners that want to help small businesses connect to the York College’s resources.
‘York is a premier location’
Part of the mission of the J.D. Brown Center is to create a culture of entrepreneurship on campus and in our region, and to be a leading partner of our entrepreneurial ecosystem.
“We know we've been successful when entrepreneurs recognize that York is a premiere location to start and grown their business” Vermeulen says.
‘Bring vibrancy back to York’
That campus-wide effort to empower and lift up the surrounding area has become a focus-point at York College, seen through the ever-growing efforts of the Center for Community Engagement, run by Dominic DelliCarpini.
“One of the most important ways that the Center for Community Engagement will bring value to the community is by doing what colleges have also been meant to do — to bring the expertise housed in our institution to the good of the community,” DelliCarpini says. “This event promises to add to the energy of our striving entrepreneurs to help their efforts blossom and grow. And those new blooms are what will bring vibrancy back to York.”
If you go
The Pennsylvania Treasury Small Business Initiative at York College is 7:45 a.m. to 2 p.m. Tuesday, Oct. 18 at the Willman Business Center, 441 Country Club Road, York.
Registration for the Small Business Initiative is limited. Register at www.patreasury.gov/sbi/york. The event is $25 and includes breakfast, all workshops and lunch. For more information, visit www.patreasury.gov or call 717-787-2991.