On December 5, the Small Business Development Center of Hampton Roads (SBDC) brought together the graduates of their Early Education Small Business Mentoring Program for a celebration of the participants’ business growth and achievements. Graduates of the Early Education Small Business Mentoring Program have completed an intensive program designed to assist childcare centers in improving profitability, increasing enrollment and adopting best business practices so that they can focus on providing high quality education.
Warren Harris, Director of Economic Development for Virginia Beach, spoke of the importance of early education and how it impacts the economic vitality of Virginia Beach. Lauren Small, Business Analyst for the SBDC, highlighted 2013 participants for their completion of the program. These centers are 2 Uplift Childcare and Learning Center, Kiddie Kastle Family Day Home, and Tia’s Precious Love Childcare Center.
Through participating in the Early Education Small Business Mentoring Program, childcare centers have seen an average increase of 29% with over 1,250 children impacted by these centers. In addition, five of the 25 Virginia Beach centers to complete this program have recently expanded their business locations.
Beginning in 2009, the SBDC’s Early Education Small Business Program has given assistance to over 52 centers through innovative partnerships with the cities of Virginia Beach, Suffolk, Chesapeake, and Norfolk and a grant from Smart Beginnings South Hampton Roads. In April of 2013, the SBDC and Virginia Beach Economic Development were honored with an Outstanding Achievement in Innovation Award at the Alliance for Innovation’s Transforming Local Government Conference held in Atlanta, Georgia.
For more information on the Early Education Small Business Mentoring Program please call the Small Business Development Center of Hampton Roads at (757) 664-2590.