09/12/21: Tools, Resources, Information and Connections Bulletin September 13 - 17, 2021
Applications are now open for WeIGNITE, powered by EOS®, the Entrepreneurial Operating System, a highly interactive, virtual WBENC executive education program, brought to you by Wells Fargo. 
If you are looking for a transformational experience for your business, apply now!
During this program (previously the WBENC Executive Education Program), Certified EOS Implementers® help WBEs achieve TRACTION in their businesses through self-implementing the Entrepreneurial Operating System described in the book Traction: Get a Grip on Your Business by Gino Wickman.
EOS® is a set of simple, practical, real-world tools that help entrepreneurs and leadership teams improve the operational value of their businesses. Learn More and Apply Now.
Applications are due September 22, 2021. Program run from September 20 – October 27, 2021.
National Small Business Week kicks off TODAY Monday, September 13! There is still time to register for the National Small Business Week Virtual Summit, September 13 – September 15, to learn new business strategies, meet other business owners, and chat with industry experts. The SBA also recently announced a list of guest speakers including, but not limited to, entrepreneur Mark Cuban, Chef José Andrés, and White House Senior Advisor and Director of the Office of Public Engagement Cedric Richmond. Register for the virtual summit

Small Business Administration

On September 9, 2021, Administrator Isabella Casillas Guzman announced the following major enhancements to the COVID Economic Injury Disaster Loan (EIDL) program.
  • Increasing the COVID EIDL Cap. The SBA will lift the COVID EIDL cap from $500,000 to $2 million. Loan funds can be used for any normal operating expenses and working capital, including payroll, purchasing equipment, and paying debt.
  • Implementation of a Deferred Payment Period. The SBA will ensure small business owners will not have to begin COVID EIDL repayment until two years after loan origination so that they can get through the pandemic without having to worry about making ends meet.
  • Establishment of a 30-Day Exclusivity Window. To ensure main street businesses have additional time to access these funds, the SBA will implement a 30-day exclusivity window of approving and disbursing funds for loans of $500,000 or less. Approval and disbursement of loans over $500,000 will begin after the 30-day period.
  • Expansion of Eligible Use of Funds. COVID EIDL funds will now be eligible to prepay commercial debt and make payments on federal business debt.
  • Simplification of affiliation requirements. To ease the COVID EIDL application process for small businesses, the SBA has established more simplified affiliation requirements to model those of the Restaurant Revitalization Fund.
    To learn about eligibility and application requirements and how to apply, visit sba.gov/eidl. The last day that applications may be received is December 31, 2021. All eligible applicants should file their applications as soon as possible. Learn more
Paycheck Protection Program borrowers: If your loan is $150,000 or less, you may be eligible to apply for direct forgiveness through SBA using our online portal. Follow the steps below.
  1. Find out if your lender is participating. 
  2. Watch a video about how to use the portal.
  3. Apply for forgiveness.
    For additional information, visit the SBA website.
September 2021 is National Preparedness Month. Disasters can take many forms and the financial cost of rebuilding after a disaster can be overwhelming. If you’re prepared for emergencies, you’ll be in a better position to recover and continue operations when a disaster strikes. During National Preparedness Month, take the important steps to keep your small business, employees and family safe when a disaster strikes. Learn more

New York

Tuesday September 14 | 10:00am – 11:00am Small Business Financing to Purchase Owner-Occupied Real Estate. Are you sick of making small business rent payments?$? Have you considered purchasing a commercial property from where you can operate your small business?
Then join the Pace University Small Business Development Center (SBDC) as we partner with the NYSBDC network, US Small Business Administration’s (SBA) New York District Office, and several small business lenders as we review the range of resources in place to help take your business to the next level.The panel will address financing options for owner-occupied commercial real estate purchase and will be led by SBA New York District Office District Director Beth Goldberg. This session will include a review of the SBA’s 504 and 7(a) loan programs and feature active small business lenders including Dime BankTruFund Financial Services, and Pursuit Lending. Come join us as we celebrate National Small Business Week and meet key contacts as you grow your business!​ Click Here to Register
Governor Kathy Hochul announced that the New York Department of Health has designated COVID-19 to be a highly contagious communicable disease that presents a risk of harm to the public under the New York Health and Essential Rights Act (the “NY HERO Act”). Because of this designation, employers are now required by the NY HERO Act to take the following actions:
  1. Immediately review their Airborne Infectious Disease Prevention Plan(s) and update the plans as necessary with all current guidance and requirements;
  2. Finalize and promptly activate their Airborne Infectious Disease Prevention Plan(s);
  3. Provide a verbal review of the plan(s) with their employees (in person is not required; can be by audio or video conferencing technology); and
  4. Provide each employee with a copy of their Airborne Infectious Disease Prevention Plan(s) in English or their primary language (if available from the Department of Labor) and post the plan at all required work sites for employees to access during work shifts.
    Before this designation, all non-governmental employers were only required under the NY HERO Act to adopt workplace health and safety protection plans by August 5, 2021; distribute such plans to employees in the employee’s primary language (if available from the Department of Labor) by September 7, 2021; and post their plans in a visible and prominent location within each work site and include the plan in their employee handbook. With this recent designation, employers must now activate their plans.

Virginia

SAVE-THE-DATE Mid-Atlantic and Southeast Regional Supplier Diversity Summit: Partnering with our Local Communities. October 13, 2021 | 8:00am – 5:00pm. Event Highlights:
  • The livestreaming interactive format will allow diverse suppliers to engage and network with executive leaders, procurement specialists, and business line leaders from all three Federal Reserve Banks
  • Featuring insights from Regional Executives and Local Economists, Sonya Waddell, Ryo Tashiro, and Emily Mitchell
  • This event is intended for suppliers based in the Mid-Atlantic and Southeast Regions. Up to two member of each organization are welcome to register for this event. Registration information will be available in a couple of weeks.
  • Wednesday September 15, 2021 | 9am-10am Discover the War Chest of government funding for your small business! An overview of local, state, and federal programs available now! District Director, Carl Knoblock will be presenting on SBA’s funding programs.
    REGISTER HERE

Webinars

Thursday September 23 Thinking about government contracting opportunities for your small business? Register for the ChallengeHER webinar on September 23, 2021 for information and resources to help you get started. Register
Thursday September 23 | 1:00pm EDT Join UPS for their next VIP webinar as we celebrate Hispanic Heritage Month with music superstar J Balvin. J Balvin is not only one of the world’s bestselling Latin music artists. He’s also a global trendsetter, savvy businessman, and vocal advocate for the Latinx community. In this webinar, UPS CMO Kevin Warren will talk with J Balvin about how he remains true to himself and his brand in every arena of his life—from bringing Hispanic culture to the masses, to the partnerships he seeks out, to choosing to sing only in Spanish. REGISTER.
Thursday September 30, 2021 | 1:00pm – 1:30pm Restrictive Covenant Agreements…One Size Does Not Fit all. NFC’s three-part series on Restrictive Covenants continues with this latest installment. In our first two parts, we covered guidance on when you should/shouldn’t bring a lawsuit, the proper procedures to bring a suit along with the critical steps necessary to defend against an injunctive application/litigation. Now we turn our attention to the considerations necessary when drafting enforceable restrictive covenant/confidentiality agreements, tips for rolling out a new agreement, and the associated Q&A, including:
  • The state law
  • The legitimate business interest
  • The reasonableness
  • Scope
  • Time
  • Reach (tailored to employees)
  • The consideration
  • The practicality
  • When can you do it? (time of hire vs. settlement vs. severance)
  • The consideration
  • The message
    REGISTER
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@macysnews: Scale up and grow your business with Macy’s retail development program, The Workshop at Macy’s. Now accepting applications for its 2021 class, it was developed in 2011 to foster up-and-coming diverse and women-owned small retail businesses. https://t.co/0gwm5yvDpn https://t.co/xeGeT6UmtO
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