RICHMOND, Va., May 31, 2017 /PRNewswire-USNewswire/ --
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The Virginia Department of Small Business and Supplier Diversity (SBSD) will graduate the inaugural class of from the Virginia Scaling4Growth program. Sixteen businesses participated in the initiative. Governor Terry McAuliffe will speak at the graduation and highlight the Commonwealth's focus on business innovation and the success of the Commonwealth's partnership with Interise (http://www.interise.org/) on the Scaling4Growth program.
The Virginia Department of Small Business and Supplier Diversity is a newly formed agency, established by Virginia Code § 2.2-1603. The agency is the result of the merging of the former Department of Business Assistance (DBA) and the Department of Minority Business Enterprises (DMBE).
SBSD is the state agency dedicated to enhancing the participation of our micro, small, women- and minority-owned businesses as well as service disabled veterans, employment service organizations, and historically black colleges and universities (HBCU) in Virginia's procurement opportunities. SBSD is responsible for the administration of two certification programs: the Small, Women- and Minority-owned Businesses under Virginia's "SWaM" Procurement Initiative and the federal U.S. Department of Transportation's Disadvantaged Business Enterprise ("DBE") Program. SBSD also provides support to our certified businesses through business development/outreach and procurement advocacy programs, and access to capital in cooperation with other agencies and departments.
Interise is the go-to partner with a proven model for accelerating economic and small business growth in lower income communities. Its StreetWise 'MBA'™ provides small business owners with the management knowledge, business know-how and relationships they need to scale using a peer-based learning method. Alumni historically create new jobs at 5x the rate of the private sector as a whole and have secured almost $3 billion in government and institutional contracts. As alumni grow, they contribute to economic development, job creation and social resilience within their local community. More information can be found at www.interise.org @StreetWiseMBA and at www.facebook.com/Interise.
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SOURCE The Virginia Department of Small Business and Supplier Diversity