Manny Cosme, owner of CFO Services Group, was named Small Business Owner of the Year by the Small Business Administration for Washington D.C. 

The award was announced on March 7, 2024, in a press release from the Small Business Administration, as part of their upcoming National Small Business Week celebration.  The honor is presented to business owners who “embody the grit and determination that power our nation’s economy and ensure disaster-impacted communities can recover.”  In the press release, Administrator Isabel Castillas Guzman states that: “Our 2024 National Small Business Week award winners exemplify excellence, innovation, and commitment, and the SBA is proud to showcase their incredible achievements and impact on their communities and our economy,” 

Cosme is the founder and current President & CEO of CFO Services Group, a management accounting firm focused on providing bookkeeping, outsourced accounting department, and Fractional CFO advisory services to growing small businesses and non-profit organizations.  The company is headquartered in Washington DC, with team members and clientele throughout the United States. 

In addition to working with private business and non-profit clients, CFO Services Group partners with various economic development agencies, such as local governments, chambers of commerce organizations, CDFIs and SBDC centers, to provide free financial literacy and technical assistance to businesses in underserved communities.  Since 2020, CFO Services Group has assisted over 1,000 small businesses through these various programs. 

“I am incredibly honored and humbled to receive the Small Business Owner of the Year award from the Small Business Administration,” said Manny Cosme Reyes, CEO. “This esteemed recognition serves as a testament to my team’s hard work, dedication, innovation and impact in our local community.  As a small business owner, I have always strived to embody excellence in my company’s services and commitment to my clients. My team and I are proud to represent the thriving small business communities across the country, and we remain committed to driving innovation, growth, and positive change in our industry.” 

Cosme has worked with small businesses and non-profit organizations in various capacities for over 20 years, including the growth and eventual sale of a payroll company to a Fortune 500 competitor, and serving as the Vice President of Finance & Administration for the United States Hispanic Chamber of Commerce.  He founded CFO Services Group in 2012 to provide a solution to an often-faced problem: The lack of financial education and resources that small business owners face. 

Cosme is very active in his community, recently serving as the Finance Chair for the Greater Washington Hispanic Chamber of Commerce and Vice President of the Equality Chamber of Commerce.  He is often sought after in keynote discussions on entrepreneurism and finance for fellow business owners. Cosme has also won several prestigious business awards in recent years, including the Greater Washington Hispanic Chamber Small Business of the Year award in 2022 and the Washington Business Journal LGBTQ+ Business Leader of the Year award in 2023. 

The SBA award will be presented to Cosme and his fellow award winners by Administrator Guzman on April 29, 2024, at the Waldorf-Astoria hotel in downtown Washington DC. 

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