Small Business Person of the Year

 

Eligibility Requirements:

  • Legal resident of the U.S. that owns and operates a small business for a minimum of three years. Partners who jointly own and operate a small business may be nominated as a “team,” cannot exceed 4.
  • Individuals who have received one type of SBA assistance such as, but not limited to an SBA loan, SCORE counseling, SBDC assistance, and WBC assistance, government contracting assistance, disaster assistance, Emerging Leaders Initiative, or Boots to Business training.

 

Selection Criteria:

  1. Staying power- a substantiated history as an established business; including but not limited to expansion, exporting, addition of territories, or growth in square footage occupied
  2. Growth in number of employees- Increases over the three years must be in excess of growth in GDP
  3. Increase in sales, net profit, and net worth for calendar years 2014, 2015 and 2016
  4. Innovativeness of product or service offered- Explanation of how the product or service fits a niche not being adequately addressed by the competition
  5. Response to adversity- examples of problems faced in the nominee’s business and the methods used to solve them
  6. Contributions to community-oriented projects- evidence of the use of his/her personal time and resources

 

Submission Documents:

  • SBA Form 3300, Award Nominee Background Form
  • SBA Form 3301, Small Business Person of the Year
  • An original 8” x 10” or 5” x 7” photo of the nominee or a digital photo – at least 300 dpi is required; photocopies are not acceptable. For “team” nominations, a photo of each nominee or group photo is acceptable.
  • Additional supporting documentation deemed significant by the nominator, including news clips, letters of recommendation, nomination letter (if not self-nominated) and other evidence of the appropriateness of the nomination (supporting documentation must not exceed 10 pages). Videos will not be considered.