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Entrepreneur of the Week
Small Business Person of the Year Award

 
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About the Small Business Person of the Year Award 

 

The Small Business Person of the Year Award is given annually by the United States' Small Business Administration (SBA) . A winner from each state is selected, from which the Small Business Person of the Year will be chosen and announced during the National Small Business Week. The Small Business Week will be held in Washington, D.C. on May 21-27.

The Small Business Persons of the Year are selected based on the following criteria: 

  • Staying power: a substantiated history as an established business.
  • Growth in number of employees: a benchmark to judge the impact of the business on the job market.  
  • Increase in sales and/or unit volume: an indication of continued growth.
  • Current and past financial reports: substantiating the improved financial position of the business, a profit-and-loss statement and balance sheet for the last three complete years.  
  • Innovative product or service: illustration of the creativity and imagination of the nominee.  
  • Response to adversity: examples of problems faced in the nominee's business and the methods used to solve them.  
  • Contributions by nominee to aid community- oriented projects: through the use of his/her personal time and other resources.

Click here for the complete list of winners of the SBA Small Business Person of the Year (in PDF format) 

Beginning in May 2000, PowerHomeBiz.com will showcase inspiring stories of the country's best-of-the-breed small business entrepreneurs. 

This exclusive new section will feature the state winners of the Small Business Administration’s Small Business Person of the Year Awards for the year 2000. PowerHomeBiz.com will dedicate its web pages to these exceptional individuals.  


 

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