Women Business Owners Sought in Centre County
Applications for Centre and Clearfield county women-owned businesses are being accepted for a year-long program designed to increase growth and profitability.
The program was launched by Seton Hill University's E-Magnify, PNC Bank and the law firm of Babst Calland. It's already been implemented in more than 30 cities across the United States through the national program ATHENAPowerLink.
Through the national program, these business owners are paired with a customized board of advisers who provide financial advice, business best practices, networking opportunities and technical assistance necessary to help reach their goals.
One main goal of the program is to help the female business owners foster important business connections who may not have as many as men. Women entrepreneurs are the fastest-growing segment of U.S. small business, with 26 percent of businesses in Centre and Clearfield Counties being owned by women.
The program has a proven track record of success. Past participants achieved an average 88 percent increase in sales, a 37 percent increase in business outcome and 56 percent increase in personal income after one year, according to ATHENA International.
"The ATHENAPowerLink program has proven to provide substantial value to women business owners seeking to take their business to the next level," says Chad Feather, PNC Wealth Management Banking Advisor. "It helps foster important business connections by linking women business owners to resources and specialized expertise that can have a measurable impact on their business and the local economy."
E-Magnify is looking for one woman-owned business, selected based on its need and potential for growth. Then, a team of experts in banking, human resources, entrepreneurship, sales, accounting, law and other will convene to advise the business owner on how to meet her goals.
The following are qualifications for applying:
- Businesses must be at least 51% owned and actively managed by a woman
- Clearly defined company objectives and goals with explicit reasons for seeking assistance
- Minimum of two years in operation
- Minimum of two full-time employees (including the owner)
- Annual revenues of at least $250,000 for retail or manufacturing businesses and $100,000 for service businesses
"Twenty-six percent of businesses in Centre and Clearfield Counties are majority women-owned companies," Feather says. "We recognize the influence and potential of women-owned businesses and are pleased to now offer APL as an opportunity for women to further excel, strengthening the economic viability of their businesses and our community."
Interested applicants should click here. The deadline for submission is September 15.