Los Angeles, CA (PRWEB) June 19, 2012
Count Me In for Women’s Economic Independence, the leading national not-for-profit provider of resources, business education, and community support for women entrepreneurs, has named 42 women small business owners from the Greater Los Angeles Area as 2012 Urban Rebound Awardees. The full list can be seen at http://www.countmein.org/UrbanReboundLA.
The 42 Awardees were selected from the first Urban Rebound Conference and Competition, which took place in Los Angeles May 10-11, 2012. At that event, each woman presented a two-minute pitch before a panel of small business experts, demonstrating her strong willingness and ability to grow her businesses quickly and sustainably. These women will now go on to participate in Count Me In’s Business Accelerator Program, a nine-month professional coaching and business education intensive that provides the resources, support and community needed for them to grow their ventures to $250,000+ in annual revenues within 12-18 months.
Count Me In will present two additional Urban Rebound events this year for Michigan and North Carolina women small business owners: Detroit September 30-October 1, 2012, and Charlotte, NC, October 28-29, 2012. The goal of the Urban Rebound small business growth initiative is to help bring 300 women-owned businesses from these challenged regions to $250,000 in annual revenues within 12-18 months of program participation. This goal translates into $75 Million in new economic activity and 600-900 much needed new jobs. Urban Rebound is made possible with support from the Sam’s Club Giving Program.
“We are very excited to bring this fantastic program to three of our nation’s most challenged areas and look forward to providing local women entrepreneurs with the tools and confidence needed to grow their businesses, create jobs, and foster economic stability for their families and local economies,” said Nell Merlino, Founder and President of Count Me In for Women’s Economic Independence.
According to 2010 Census statistics, while women-owned businesses represented nearly 50% of privately held companies in the U.S., the majority of these businesses (75%) reach only $50,000 in annual gross revenues or less. At the same time, recent statistics from Wider Opportunities for Women, found that single parents require at least $57,756 in annual income to cover basic expenses for themselves and two children, while dual-income households with children require a minimum of $67,920.
California, Michigan and North Carolina are all among the Top 10 States in terms of the number of women-owned businesses based there (number 1, 8 and 10, respectively), yet each ranks below the national average in terms of growth for these firms from 1997 to 2010, according to a recent report by American Express OPEN.
To compete in Urban Rebound pitch competitions and take part in the CMI Business Accelerator Program, businesses must meet the following criteria:
For more information about Urban Rebound and to register for upcoming events, visit http://www.countmein.org/UrbanRebound
About Count Me In
Count Me In for Women’s Economic Independence is the leading national not-for-profit provider of resources, business education, and community support for women entrepreneurs seeking to grow their businesses to million dollar enterprises. Count Me In launched the Make Mine a Million $ Business Competition to inspire one million women entrepreneurs scale their businesses to a million dollars in business revenues in the next decade by providing tools, skills, and the support of a nation-wide community of peers.