12/13/20: WBE Tools, Resources, Information and Connections Bulletin December 7 – December 11, 2020

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.

General

This summer, WBENC launched WeTHRIVE, a new virtual executive education program designed to help support WBEs through the uncertainty and unprecedented economic challenges as a result of the COVID-19 pandemic. The feedback we received from the 200+ WBEs who participated in the inaugural program was so overwhelmingly positive, we are excited to announce that WeTHRIVE is back! Applications are now open for the second WeTHRIVE cohort, kicking off in January 2021. Applications close Monday December 7th. Learn More & Apply

 

Small Business Administration

  • National Write a Business Plan Month The pandemic is impacting small businesses across America. National Write a Business Plan Month is a good reminder to review your business plan and make any necessary adjustments. Learn More.
    Get COVID-19 federal resources on tax relief at covid-sb.org Did you know small businesses impacted by the pandemic may qualify for tax credits and other relief? Find out what options are available. Learn More.
  • Reminder! If you are a small business, nonprofit organization of any size, or a U.S. agricultural business with 500 or fewer employees that have suffered substantial economic injury as a result of the Coronavirus (COVID-19) pandemic, you can still apply for the COVID-19 Economic Injury Disaster Loan.
  • State Trade Expansion Program (STEP) Are you looking to set up an e-commerce platform and grow international sales? Join the SBA on Tuesday, December 15 at 2:00 pm ET for a webinar to learn how to apply for up to $10,000 in grant money to help make it happen. Register Today.

 

New York

  • This past July, the Office of the NYC Comptroller, conducted a survey of more than 500 M/WBEs during the COVID-19 pandemic. The survey revealed severe and systemic barriers to financial relief, exclusionary COVID-19 contracts and unresponsive agencies. It also found that 85% of M/WBEs report they cannot survive the next six months.You can read the New York Daily News article here and the report here.As a result of the survey, the Comptroller wrote a letter to the Mayor’s Office announcing that moving forward, every City agency will have to show us justification for any contract submitted to our office with an M/WBE goal under 30%. The letter is attached. After years of our collective efforts, this past summer, the City appointed Chief Diversity Officers in every City agency. You can find the list of agency CDOs here and the Comptroller’s statement here.
  • New York City Comptroller Scott M. Stringer released the annual “Making the Grade: New York City Agency Report Card on M/WBEs” report, finding that M/WBEs continue to face structural inequities and barriers to opportunities as 80 percent of City agency grades measuring M/WBE spending and transparency either remained stagnant or declined since last year.
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