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Northeast Times | October 19, 2021

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SBA and AARP Host Second Encore Entrepreneur Mentor Month

Partnership highlights effort between SBA and AARP to promote entrepreneurship among individuals ages 50 and older

The U.S. Small Business Administration and AARP are again teaming up to host National Encore Entrepreneur Mentor Month targeted at entrepreneurs over the age of 50. Building on the success of a joint SBA and AARP Mentor Month in April 2013, the two organizations will match “encore entrepreneurs” with successful business owners and community leaders for advice and assistance. To find a local event near you go to www.sba.gov/mentormonth.

Throughout April, SBA district offices, state AARP offices and SBA resource partners will host events around the country. Events include speed mentoring, which allows mentors with small business experience and entrepreneurs to share information during one-on-one counseling sessions, and workshops for entrepreneurs to learn best practices from successful small business owners. SBA’s network of Small Business Development Centers, Women’s Business Centers, and SCORE chapters have offered to mentor entrepreneurs with a new business’s life cycle.

“AARP knows that many older Americans pursue entrepreneurship as a way to generate income and strengthen financial security,” said Debbie Banda, AARP interim Vice President, Financial Security. “And for many of these workers, it is also a way to turn a hobby or passion into a paycheck. AARP creates real possibilities by connecting experienced workers with the resources and guidance they need to help start or grow a small business,” Banda added.

“Encore entrepreneurs” are the fastest-growing group of entrepreneurs in the United States. A 2010 survey by the Kauffman Foundation found that Americans age 55 to 64 start new business ventures at a higher rate than any other age group, including 20-somethings.