We all know all this information is still unfolding daily so we urge you to review other resources so you can make the most informed decisions for your situation.
- Last Chance to Register! American Rescue Plan Act of 2021 American Jobs Plan Made in America Tax Reform PRO Act | Extension of PPP on June 9th! The Senate Small Business Committee is incredibly important for regulations that affect small business. We are pleased to host Kylie Patterson, workforce development subject matter expert from the Senate Small Business Committee for Chair Sen. Ben Cardin (MD) as our guest. We will discuss the current focus of the Committee and legislation she facilitated to bring economic relief to women owned small businesses. REGISTER!
- The final days of accepting submissions are here for National MED Week! Be sure to nominate the outstanding achievements of minority entrepreneurs, organizations and individuals that have demonstrated their commitment to advancing minority business enterprises, today! Submit your nomination, here!
Small Business Administration
- Briefing on Covid-19 Economic Programs and How to Be a Vaccine Leader in Your Community Join the U.S. Small Business Administration and the Public Private Strategies Institute for a webinar on Thursday, June 10 at 2:00 p.m. EDT featuring SBA Administrator Isabella Casillas Guzman and Dr. Bechara Choucair, White House COVID-19 Vaccinations Coordinator to discuss the importance of vaccinations, provide updates on COVID-19 economic aid programs, such as the Economic Injury Disaster Loan (EIDL) and what they mean for your business. Please Note: The session is open to business leaders, community-based organizations, business associations and community financial institutions at the national, state, local and regional levels. REGISTER!
- SBA announced it is now accepting applications for the new Community Navigator Pilot Program, which is open to nonprofit organizations, state, local, and tribal governments, SBA resource partners, and other community organizations. Watch a video of SBA Administrator Isabella Casillas Guzman announcing the program. Competitive grant awards will range from $1 million to $5 million for a two-year performance period. Applications have until July 12 to submit their applications at grants.gov. Learn More>>
- The U.S. Small Business Administration announced its 6th Annual Growth Accelerator Fund Competition (GAFC) with the addition of a new component aimed at spurring investment in underrepresented communities within the innovation economy at scale. The 2021 Growth Accelerator Fund Competition and Small Business Innovation Research (SBIR) Catalyst programs will recognize the nation’s most innovative organizations with inclusive approaches towards supporting entrepreneurs in research and development (R&D). New to this year’s competition, two tracks will run totaling over $5 million in cash prizes. Competition rules, requirements and additional information can be found at www.sbir.gov/accelerators.
- U.S. Small Business Administrator Isabella Casillas Guzman issued the following statement on the closure of the Paycheck Protection Program (PPP) to new loan guaranty applications, which has provided over $798 billon in economic relief to small businesses and nonprofits across the nation, keeping employees employed and helping businesses come back stronger than ever. “The Paycheck Protection Program provided over 8.5 million small businesses and nonprofits the lifeline they needed to survive during a once-in-generation economic crisis. I’ve heard story after story from small business owners across the country about how PPP funds helped them keep the lights on, pay their employees — and gave them hope,” said SBA Administrator Isabella Casillas Guzman. “At the same time, millions of underserved businesses – particularly our smallest businesses and those owned by women and people of color – were left out of early rounds of relief. I’m proud of the work we did to begin to rectify these inequities — in 2021, 96% of PPP loans went to small businesses with fewer than 20 employees. Moving forward, we will continue to prioritize equity in all SBA’s programs and services.”
- The U.S. Small Business Administration and Public Private Strategies Institute are hosting several webinars to help you get your business back on track.
- Hear about what steps you can take now to learn and take advantage of new and existing programs that are available at the SBA
- Get an update regarding programs and recent policy announcements made by the Biden-Harris Administration
- Have your questions answered by SBA Leadership and small business experts
- Learn how you can become a vaccine leader in your community
- Discover tools and resources you can use to take your business digital
These sessions are open to any small business owner and leader. They are divided geographically by SBA regions and feature guest speakers from the corresponding areas. However, the majority of the information pertains to a national audience, so you may register for a webinar outside your location.
- June-August Webinar Schedule (All webinars are scheduled for 2pm ET)
- July 8 New England Region (serving Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont) Register
- July 22 Southeast Region (serving Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee) and Atlantic Region (serving New York, New Jersey, Puerto Rico and the U.S. Virgin Islands) Register
- August 5 Mid-Atlantic Region (serving Delaware, Maryland, Pennsylvania, Virginia, Washington, DC and West Virginia)
- The Virginia General Assembly recently funded a new Virginia Statewide Business District Resurgence Grant Fund. This fund seeks to advance and accelerate the post-pandemic recovery of Virginia’s business and commercial districts by supporting historically economically disadvantaged communities and those business districts and sectors that have been disproportionately impacted by the pandemic. Funding will provide a more inclusive framework for community-driven, comprehensive revitalization, resilience and vitality. Local governments and/or nonprofit organizations may apply for both the Capacity Building and Business Support grants for a total potential award of $150,000. Applications will be due July 30, 2021. Register now for Virginia DHCD’s How-to-Apply webinar on June 15, at 2 PM to learn more about eligibility, application submission requirements, grant selection and more specific program information! And as always DHCD staff is happy to help identify and prioritize appropriate projects and provide direct technical assistance for applicants – contact us at email@example.com
Local governments or economic development organizations
Regional economic development organizations, including PDCs
Non-profit and local organizations with a focus on small businesses within a commercial district
Chambers of Commerce
- The Minority Business Development Agency is now accepting proposals for the MBDA American Indian, Alaskan Native, and Native American (AIANNH) Project. We invite you to review the full announcement, learn more about eligibility, funding, and locations. To get started:
- Wednesday June 10 | 1:00pm – 2:00pm ET. Clearing the Haze Around Workplace Marijuana Rules hosted by Nukk-Freeman & Cerra, P.C. Join NFC team members, Rachel M. Manne and Joseph M. Vento, for an informative session that will guide employers through the haze of this emerging topic, providing the tools necessary to help an organization navigate its approach. This 1-hour course is designed for leaders, HR professionals, and legal teams to review the applicable local marijuana laws, analyze their impact on employers, and provide best practices to ensure legal compliance in the following key areas – Workplace Policies, Hiring and Background Checks, Impairment in the Workplace/Testing and Impact of Off-Duty Usage/Conduct.
Share Your Thoughts
- Federal Reserve Board invites public comment on proposed rule to govern funds transfers over the Federal Reserve Banks’ FedNow Service https://www.federalreserve.gov/newsevents/pressreleases/other20210601a.htm
- The U.S. Small Business Administration is seeking public comments on a proposed rule that would revise the small business size standards for businesses in two North American Industrial Classification System (NAICS) sectors to increase small business eligibility for SBA’s loan programs. The NAICS sectors reviewed in the proposed rule are Wholesale Trade (Sector 42) and Retail Trade (Sector 44-45). SBA proposes to increase size standards for 49 industries in those sectors. Comments can be submitted on this proposed rule on or before July 26, 2021, at www.regulations.gov, using: RIN 3245-AH10. You may also send comments by mail to Khem R. Sharma, Chief, Size Standards Division, 409 3rd Street SW, Mail Code 6530, Washington, D.C., 20416. Read entire release here.
Tools You Can Use
- [Blog] Normalizing mental health awareness, this month and beyond – We may have turned the page on May, but mental health deserves care and awareness always.
- [Blog] The state of workplace diversity – Too often, diversity initiatives omit crucial voices from the conversation. Here’s how to create an inclusive workplace that works for all.
- [Course] How to build a diverse workforce – Learn best practices you can employ to add inclusion to your recruitment process and combat bias when hiring.
- [Lesson] Leadership types – Looking to build upon your personal leadership style? Learn how to play to your leadership strengths in this quick lesson.