07/25/21: Tools, Resources, Information and Connections Bulletin July 26 - 30, 2021

WBENC Opportunities

  • Upcoming NextGen Sessions NextGen is an outreach program dedicated to nurturing the next generation of the WBENC network – millennial and Generation Z Women’s Business Enterprises (WBEs) and supplier diversity professionals. Throughout the year, the NextGen program provides targeted opportunities, education, and community building to help young women entrepreneurs and those who support them continue to grow and thrive.
    • July 22, 1-3pm ET | Essentials for an Effective Pitch
  • Women & Pride Peer Groups + Community Building August 12, 3:00-4:30pm ET
    Women & Pride is a new WBENC outreach and development program designed to support and strengthen the community of LGBTQ+ entrepreneurs and corporate professionals within the WBENC network and beyond. This session is designed to address the challenges faced by LGBTQ+ women business owners by sharing resources, strategizing to overcome problems, and forming new partnerships.

General

  • EIDL loan applications will continue to be accepted through December 2021, pending the availability of funds. Loans are offered at very affordable terms, with a 3.75% interest rate for small businesses and 2.75% interest rate for nonprofit organizations, a 30-year maturity, and an automatic deferment of one year before monthly payments begin. Every eligible small business and nonprofit are encouraged to apply to get the resources they need. Deadline 12/31/2021 Apply Here
  • Minimum wage raise A proposed rule would implement a recent executive order on increasing the minimum wage for federal contractors. The regulation will increase the minimum wage for workers performing work on or in connection with federal contracts to $15 per hour beginning January 30, 2022.The regulation will eliminate the tipped minimum wage for federal contract workers by 2024 and index the minimum wage to adjust to inflation. The proposal applies to “new contracts” entered into after January 30, 2022.  However, it also applies to extensions or renewals of existing contracts or contract-like instruments and exercises of options on existing contracts. This rule also includes outfitters and guides on federal lands, revoking a May 2018 executive order from President Trump.
    The proposal covers:
    • procurement contracts for services and construction;
    • contracts for services covered by the Service Contract Act;
    • contracts for concessions;
    • contracts with the Federal Government in connection with Federal property or lands and related to offering services for Federal employees, their dependents, or the general public (including leases); and
    • wages of workers under a contract governed by the Fair Labor Standards Act (FLSA), Service Contract Act (SCA) and the Davis-Bacon Act (DBA).  

Comments are due on August 23, 2021. Read the Federal Register notice and submit written comments. https://www.federalregister.gov/documents/2021/07/22/2021-15348/increasing-the-minimum-wage-for-federal-contractors Advocacy contact: Janis Reyes at 202- 619-0312

Small Business Administration

  • The U.S. Small Business Administration Office of Capital Access will host a webinar series COVID EIDL: Small Business Relief and Recovery July 27 – Aug 2 for small business owners to discuss the COVID EIDL (Economic Injury Disaster Loan) program’s small business loans. The COVID EIDL program is a Federal small business loan program designed to support small businesses to recover from the COVID-19 economic recession by providing accessible and borrower-friendly capital.  

The majority of the information in each webinar will be the same. Please also note these events are closed to press.

  • FCC Releases Agenda And Draft Proposals For August Open Commission Meeting The Federal Communications Commission has announced the agenda for its August 5, 2021 Open Commission Meeting, where the Commissioners will vote on the following draft items:
    • Establishing Two New Innovation Zones The Commission will consider a Public Notice that would create two new Innovation Zones for Program Experimental Licenses and the expansion of an existing Innovation Zone. (ET Docket No. 19-257)
    • Numbering Policies for Modern Communications The Commission will consider a Further Notice of Proposed Rulemaking to update the Commission’s rules regarding direct access to numbers by interconnected Voice over Internet Protocol providers to safeguard the nation’s finite numbering resources, curb illegal robocalls, protect national security, and further promote public safety. (WC Docket Nos. 13-97, 07-243, 20-67; IB Docket No. 16-155)
    • Appeals of the STIR/SHAKEN Governance Authority Token Revocation Decisions The Commission will consider a Report and Order that would establish a process for the Commission to review decisions of the private STIR/SHAKEN Governance Authority that would have the effect of placing voice service providers out of compliance with the Commission’s STIR/SHAKEN implementation rules. (WC Docket Nos. 17-97, 21-291)
    • Modernizing Telecommunications Relay Service (TRS) Compensation The Commission will consider a Notice of Proposed Rulemaking on TRS Fund compensation methodology for IP Relay service. (CG Docket No. 03-123; RM-11820)
    • Updating Outmoded Political Programming and Record-Keeping Rules The Commission will consider a Notice of Proposed Rulemaking to update political programming rules. (MB Docket No. 21-293)
    • Review of the Commission’s Part 95 Personal Radio Services Rules The Commission will consider a Memorandum Opinion and Order on Reconsideration that would grant three petitions for reconsideration of the Commission’s May 2017 Part 95 Personal Radio Services Rules Report and Order. (WT Docket No. 10-119)
    • Please contact Jamie Saloom at the Office of Advocacy with any questions.
  • The House Committee on Small Business held a virtual hearing on “SBA’s Role in Climate Solutions” yesterday to explore access to capital solutions to promote small business competition when facing climate issues. Also of note, the House Committee on Financial Services Subcommittee on Consumer Protection and Financial Institutions held a hearing on “Banking the Unbanked: Exploring Private and Public Efforts to Expand Access to the Financial System”.
  • Bills of Interest
    • Rep. Susan Wild (D-PA-7) introduced a bill to amend the Stevenson-Wydler Technology Innovation Act of 1980 to establish a regional technology and innovation hub program.
    • Rep. Blaine Luetkemeyer (R-MO-3) introduced a bill to amend the American Rescue Plan Act of 2021 to provide additional appropriations for, and oversight of, the Restaurant Revitalization Fund.

New York

  • NewYork.GrantWatch features more than 20,000 current grants, funding opportunities, awards, contracts, and archived grants (that will soon be available again) from foundations, corporations, federal, state, and local government funding sources.
  • Financial Basics for Small Business – Tuesday, July 27 Enhance your Understanding of your Business Financial Picture.  In this webinar you will learn about:  Recordkeeping basics, why records matter, what your records can tell you, review of financial statements, inventory basics, break even analysis and a Q&A session.  Link to Register:  Financial Basics for Small Business Tickets, Tue, Jul 27, 2021 at 9:00 AM | Eventbrite

Maryland

  • Tuesday July 27 | 1:00pm Virtual Speed Lending Event. Seeking funding for business startup, recovery and growth? Want to learn more about lenders and financing options across the state of Maryland? This unique virtual speed lending event co-hosted by the SBA Baltimore District Office and the Maryland SBDC, will introduce different lenders, funding programs and products. Network one-on-one with a wide train of lenders from across the state – all in one virtual room. There will also be a special presentation on the Maryland Small Business Outlook. Register Now!

Washington DC

  • Washington, D.C. GrantWatch features more than 26,827 current grants, funding opportunities, awards, contracts, and archived grants (that will soon be available again) from foundations, corporations, federal, state, and local government funding sources.
  • Wednesday July 28 | 12:00pm How to make grants work for you & other optionsJoin the Department of Small and Local Businesses’ (DSLB) Inno.ED Team to learn more about district grants for businesses. Presenters will walk you through how to make the grant process beneficial whether or not you win a grant award.
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@WBENCLive: 12 amazing NextGen #WomenEntrepreneurs will advance to the Live Pitch Competition on October 5, featuring $10K in grant awards! Check out the NextGen Pitch Intensive https://t.co/4lLvHHCkdL . #WBENC #NextGenWBE #WBENCnetwork #businesspitch #femalefounder #startup #femalefounders https://t.co/HIJgRTnlGD
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