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.
- Applications are now open for the next WBENC Executive Education Program, sponsored by Wells Fargo. If you are looking for a transformational experience for your business, apply now! In this highly interactive, virtual program, WBENC partners with EOS Worldwide (the Entrepreneurial Operating System®) Professional and Certified EOS Implementers® to help WBEs achieve TRACTION in your business through self-implementing the Entrepreneurial Operating System (EOS) described in the book Traction: Get a Grip on Your Business by Gino Wickman.
The EOS is a set of simple, practical, real-world tools that help entrepreneurs and leadership teams improve the operational value of their businesses.
The WBENC Executive Education program will take place each Thursday between April 29 and May 27 from 1 PM – 3 PM EST.
April 29: EOS Keynote
May 6: Foundational Tools
May 13: Vision
May 20: Data, Issues, Process
May 27: Traction, Pulling it All Together
Last Chance to Register for WIPP Community Connections! Wednesday April 21 | 2:00pm ET WIPP is proud to work with many organizations who support small businesses, and this month’s WIPP Community Connections is pleased to spotlight an organization who is doing great work: National 8a Association.
WIPP understands that connecting with other small business owners is important for collaboration, networking, and mentorship.
Join us to meet and learn more about some of WIPP’s incredible business owners:
* Meet the Member – Nehal Metah, President, Rainbow Secure
* Meet the Member – Mary Sharrett, President, Stone Environmental Engineering & Science
* Member Spotlight: WIPP Legacy Members (in celebration of WIPP’s 20th Anniversary)
Not yet a WIPP member? You will want to be after joining this webinar and learning more about the work we are doing on the Hill, the educational programming we provide and experiencing the value of this great business ecosystem. REGISTER
- Join MBDA for the Enterprising Women of Color Spring Forum on April 21st. Just Announced: Keynote Speaker, Dr. Valerie Daniels-Carter. Dr. Valerie Daniels-Carter is one of the most preeminent business owners in the United States. In addition to auspiciously commandeering several restaurants branded operations in the United States, she has been widely recognized for her adroit business ingenuity. She is the President and CEO of V&J Foods, Holding Companies, Inc. (V&J Holdings), a multi-brand/multi-state operation. It is recognized as the largest female owned franchise organization in the country. Dr. Daniels-Carter’s quick-service restaurant empire operations are comprised of Auntie Anne’s Soft Pretzels, Burger King, Coffee Beanery, Nino’s Southern Sides, MyYoMy Frozen Yogurt, Pizza Hut and Captain D’s Seafood along with numerous Real Estate ventures. She is also a minority owner of the Milwaukee Bucks. Register now at: https://hopin.com/events/level-up-get-in-the-million-dollar-mindset.
- Minority Business Development Agency is not accepting proposals for the MBDA Export Center project. For submission details, visit: https://www.mbda.gov/mbda-export-center-project. Submission deadline is April 22, 2021.
Small Business Administration
- The current round of the Paycheck Protection Program (PPP) is reaching smaller borrowers (small businesses), with 94% of all loans going to businesses with 20 or fewer employees. SBA is currently offering PPP loans until May 31, 2021. Apply for a first or second draw PPP loan and loan forgiveness. Learn more
- Effective immediately, applicants can send a request for reevaluation of a Targeted EIDL Advance application that was declined to the following email address: TargetedAdvanceReevaluation@sba.gov. Applicants should follow these instructions when requesting a reevaluation:
- Send an email to TargetedAdvanceReevaluation@sba.gov
- Use the subject line “Reevaluation Request for [insert your 10-digit application number]”
- In the body of the email, include identifying information for the application such as application number, business name, business address, business owner name(s) and phone number
- Important: Include an explanation and any documentation that addresses the reason for the decline, if available. SBA will contact applicants if additional documentation is required to complete the review.
- The Restaurant Revitalizations Fund (RRF) Get the program details such as eligibility, funding amount, allowable use of funds and more. If you haven’t already, sign up for RRF email updates. Currently, SBA is not accepting applications for RRF. However, you can prepare your application by reviewing the sample application, program guide and cross-program eligibility chart on SBA COVID-19 relief options. You will be able to apply through SBA-recognized Point of Sale Restaurant Partners or directly via SBA in a forthcoming online application portal. Registration with SAM.gov is not required. DUNS or CAGE identifiers are also not required. The official application launch date will be announced shortly. Ahead of the application launch and over the next two weeks, the SBA will establish a seven-day pilot period for the RRF application portal and conduct extensive outreach and training on how to apply, application requirements and where to apply. Participants in this pilot will be randomly selected from existing PPP borrowers in priority groups for RRF and will not receive funds until the application portal is open to the public. Following the pilot, the application portal will be opened to the public. For the first 21 days that the program is open, the SBA will prioritize reviewing applications from small businesses owned by women, veterans, and socially and economically disadvantaged individuals. Following the 21-day period, all eligible applicants are encouraged to submit applications. Learn More>>
- The Connecticut Community Outreach and Revitalization Program (ConnCORP) announced a new initiative of its Economic Justice Fund, developed to support Black-owned businesses through COVID-19 recovery and technical assistance. ConnCORP will be working with trusted business and community partners to solicit referrals to established Black-owned businesses. After a short application process, the 10 businesses accepted in the first round of grant funding will receive up to $10,000 depending on assessed need. In addition to financial capital, the fund will provide CTNext sponsored technical assistance of up to $15,000 in the form of identified consultants in areas such as marketing, financial/accounting, new product development, legal, web design, and communications and public relations. Businesses will also be able to take part in ConnCORP’s Economic Impact Lab (CCEIL) and participate in program offerings and resources. ConnCAT has committed to raising $1 million in grant funding to support New Haven’s community of Black-owned businesses. For more information, visit conncorp.org.
- HEDCO Inc. Partnership Loan Program HEDCO, Inc., The Community Foundation for Greater New Haven, the City of New Haven, and The Amour Propre Fund are collaborating to provide financial relief and recovery resources to minority-owned and women-owned small businesses. Qualifying small businesses with 20 or fewer employees may apply for a 4% term loan for up to $25,000. Find more information on the loan program here.
- The New Jersey Economic Development Authority (NJEDA) announced Phase 4 of the Authority’s Small Business Emergency Assistance Grant Program, adding $85 million in funds from the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Phase 4 will provide short-term operating support to a broad group of New Jersey small and medium sized businesses and non-profits that have been negatively impacted during the declared state of emergency. More information is available here.
- The New Jersey Economic Development Authority (NJEDA) announced Phase 4 of the Authority’s Small Business Emergency Assistance Grant Program, adding $85 million in funds from the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Phase 4 will provide short-term operating support to a broad group of New Jersey small and medium sized businesses and non-profits that have been negatively impacted during the declared state of emergency. More information is available here. Interested business owners will need to pre-register here to access the application. Pre-registration will begin on Monday, April 19, 2021 at 9:00 a.m. and will close on April 29, 2021 at 5:00 p.m. The application will be available via a phased approach following the end of the pre-registration period, as detailed below. Applicants must complete the full application to be considered for grant funding.
- New York City Small Business Services – COVID-19 Assistance & Guidance for Businesses – As part of the City’s commitment to spur economic growth, SBS has released The New Normal: Adapting Your Small Business Playbook, a handbook filled with tools, technologies, and strategies to help entrepreneurs stabilize their business, protect their staff and customers, and build and grow beyond the pandemic. In conjunction with the playbook release, we are offering a multi-session workshop series run by business experts to help entrepreneurs stabilize their business, protect their staff and customers, and build and grow beyond the pandemic. Each session will cover topics from the playbook and will be accompanied by virtual classroom instruction and take-home exercises for business owners to maximize their learnings.
- Upcoming MD. Washington Minority Companies Associations Events:
- Thursday, April 22, 2021 | 10am – 11:30am Metropolitan Washington Airports Authority (MWAA) MWAA’s Local Disadvantaged Business Enterprise (LDBE) Certification Workshop
- Thursday, May 13, 2021 | 9am – 10am & Friday, May 14, 2021 | 9am – 11am Md. Washington Minority Companies Association (MWMCA) 18th Annual Spring Breakfast Salute to COVID-19 Heroes/ Business Matchmaking Meetings
- Projects seeking MBE/DBE/WBE Participation
- Clark Construction Group, LLC BWI Thurgood Marshall Airport Restroom Improvements – Phase 1 Project Deadline: Tuesday, April 27, 2021 2 pm
- The Whiting-Turner Contracting Company Greensboro Judy Center Project Deadline: Friday, April 30, 2021 1 pm
- Thursday April 29 | 1:00pm Find the resources your business needs to adapt and grow. You’re invited to the next webinar of UPS “Be Unstoppable®” series—How the SBA and USCS Can Help Your Business Now. Members of the SBA—along with the U.S. Commercial Service (USCS)— are invited back to talk about their latest programs. Join us as we discuss:
- Cash flow tools and updated resources available through the American Rescue Plan
- Programs that can help your business grow through exporting
- How UPS can help you connect and take advantage of these opportunities
Tools You Can Use
- Telling Your Story is the most important communication tool you have to keep your audience engaged and off their phones. Use your stories to motivate action, celebrate your success, feature your progress and fire-up your initiatives. Learn more about virtual, hybrid events!