SOURCE: Pennsylvania Treasury

Pennsylvania Treasury

March 03, 2016 12:54 ET

PA Treasury's Inaugural Small Business Initiative Event to Feature "Shark Tank" Winner

Gregory Coleman Co-Founder of Nexercise, Inc. Is Keynote Speaker at Philadelphia Event on March 11

HARRISBURG, PA--(Marketwired - March 03, 2016) -  Gregory Coleman, co-founder and chief operating officer of Nexercise, Inc., who recently scored the largest tech startup funding in the history of the ABC television show, "Shark Tank," will be the keynote speaker at the Pennsylvania Treasury Department's inaugural Small Business Initiative (SBI) event on March 11, 2016 at Drexel University's LeBow College of Business. Registration for that event is available at www.patreasury.gov/sbi.

Coleman will discuss his experiences growing a small business including how he and Nexercise's cofounder Ben Young negotiated a deal with 'shark' Mark Cuban to sell a ten percent stake in their company for $1.5 million. The winning pitch featured Nexercise's latest product -- an interactive fitness app called Sworkit.

Treasury's SBI -- a first-of its-kind half-day series of workshops that focus on key issues that face small businesses including health and insurance, corporate structure and governance, finance and revenue and legal and intellectual property. The workshops are held at prestigious Pennsylvania academic institutions and are led by leading businesses across the state including Ernst and Young, United Healthcare, Dupont, Morgan Lewis and NewSpring. 

"Gregory is a great addition to our inaugural event and he joins Treasury's other world-class partners to provide small businesses with the knowledge and connections they need to take their companies to the next level," said PA Treasurer Timothy A. Reese. "Small business is a key driver of job creation and economic growth in our state, so by helping them do well we help all of Pennsylvania do well."

Cost of the SBI event is $50 per person and includes breakfast, lunch, and access to 12 workshops, networking with the SBI business partners, access to information and resource tables and networking opportunities with possible investors, business services providers and mentors. Seating for the event is limited so pre-registration is required. A workshop on government procurement will also be offered.

The SBI is aimed at small business owners who have been in business a minimum of three years with gross revenues exceeding $250,000 for the prior two years and who provide a product or service with expansion plans within the next six to 12 months. The March 11 inaugural event in Philadelphia is expected to draw over 100 small business owners. Three more events are planned in Pittsburgh, Allentown and York, PA for later this year.

To learn more about Pennsylvania Treasury's Small Business Initiative or register for the Philadelphia event, visit http://www.patreasury.gov/sbi or call 800-222-2046.

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The Pennsylvania Treasury is an independent department of state government led by the state treasurer, who is elected every four years. The department's primary duty is to safeguard and manage the state's public funds. It invests state money to generate income on behalf of the citizens of Pennsylvania, reviews and processes payments for state government agencies, and serves as custodian of more than $100 billion in state funds. Key Treasury programs include Unclaimed Property, PA 529 College Savings Program and the Board of Finance and Revenue. To learn more visit patreasury.gov.

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