Young Entrepreneur of the Year

 

Eligibility Requirements:

  • To be considered a young entrepreneur, the individual must serve as a majority owner and operate or bear principal responsibility for operating a small business with a three-year track record, and who will not have reached the age of 30 by June 1, 2018.
  • To be nominated to receive this award, the nominee must be an individual who owns and operates, or who bears principal responsibility for operating a business. Partners who jointly own and operate a business may be nominated as a “team,” so long as the number of individuals in the team nomination does not exceed four.
  • Nominees must also be residents of and employed in the United States or its territories and will be subject to background checks.

 

Selection Criteria:

  1. Evidence of success as measured by sales and profits.
  2. Increased employment opportunities created by the nominee’s business.
  3. Development and/or utilization of innovative or creative business methods.
  4. Demonstrated entrepreneurial potential necessary for long-term business success and economic growth.

 

Submission Documents:

  • SBA Form 3300, Award Nomination Background Form
  • A brief biography of the nominee, not to exceed one page. For “team” nominations, a biography is required for each team member.
  • A business profile that includes a description of the nominee’s business and information to support the evaluation/selection criteria listed above.
  • The nominee’s financial performance in the following format:

 

Financial Summary:
Year 2015 2016 2017
Number of Employees
Total Sales
Net Profit (Before Tax)
Total Assets
Total Liabilities
Net Worth

 

  • Based on the financial chart provided above, please explain in more detail the business’s year to year changes in financial health (e.g. sales, net profit, net worth) and the number of employees.
  • Additional supporting documentation deemed significant by the nominator, including news clips, letters of recommendation and other evidence of the appropriateness of the nomination (supporting documentation must not exceed 10 pages). Videos will not be considered;
  • An original 8” x 10” or 5” x 7” photo of the nominee or a digital photo – at least 300 dpi; photocopies are not acceptable. For “team” nominations, a group photo is acceptable