02/08/21: WBE Tools, Resources, Information and Connections Bulletin February 8 – 12, 2021

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

  • Registration NOW OPEN for the next Enterprising Women of Color Virtual event! “Charting Business Growth in the New Normal” for Thursday, February 11th at 3:00 pm EST. 
  • Take the NAWBO & Gusto Winter 2021 Survey Today. The best policy is driven by the best data. If we want to elicit change and convince lawmakers to help women business owners, we need to explain how we are doing and what we need. It will take less than 10 minutes and will be invaluable in our efforts with policymakers!
  • Merck’s Economic Inclusion and Supplier Diversity Virtual Educational Experience 2021, featuring Winning the Business Webinar has begun. You don’t want to miss out on this valuable content. Login below to access your experience.
  • Minority Business Development Agency, B&C International, and National Business League to grow U.S. MBEs through partnerships with African Small, Medium, and Micro Enterprises
    B&C International has developed an ecosystem to open business resource centers across Africa. Read the Press Release.
  • Registration is open for the 10th Annual Real Estate Women’s Online Conference March 1 – 5, 2021. Register today for the early bird rate of $75 (regular price $99). Use promo code: GREENPEARL75
  • Walmart and the Walmart Foundation pledged to contribute $100 million over five years through a Center for Racial Equity to help address racial disparities in the U.S. in June 2020. I’m excited to share Walmart and the Walmart Foundation are distributing the first $14.3 million of that commitment in grants to 16 different nonprofit organizations.
  • The National Women’s Business Council Releases its 2020 Roundtable Report a collection of testimonials from women entrepreneurs on current challenges and opportunities associated with access to capital, childcare, and patenting and trademark.

 

Small Business Administration

  • SBA to Provide One Year 8(a) Program Extension to Participants Due to COVID-19. SBA’s 8(a) Business Development Program due to the challenges of COVID-19. The federal government’s goal is to award at least 5 percent of all federal contracting dollars to small disadvantaged businesses each year. Eligible 8(a) firms must meet the following qualifications:
      • Be a small business
      • Not have previously participated in the 8(a) program
      • Be at least 51 percent owned and controlled by U.S. citizens who are socially and economically disadvantaged
      • Have a personal net worth of $750K or less, adjusted gross income of $350K or less and $6 million or less in assets
      • Before you can participate in the 8(a) Business Development program, you must be certified
      • Demonstrate good character and potential to perform on contracts.
  • Mentor-Protégé program changes
    • As of November 16, 2020, the 8(a) Mentor-Protégé program and the All Small Mentor-Protégé program have merged into one program called SBA’s Mentor-Protégé Program (MPP). The ruling can be found in the Federal Register.
    • To stay up to date with the merger and associated changes, visit the new SBA’s Mentor-Protégé Program webpage.
  • 7(j) Management and Technical Assistance program. The 7(j) program provides assistance such as training, executive education, and one-on-one consulting in a wide range of business activities, including marketing, accounting, opportunity development and capture, contract management, compliance, and financial analysis.If you want to learn more about the 7(j) program or sign up for assistance, contact your local SBA district office. To receive assistance through the 7(j) program, a small business must be one or more of the following:
    • Located in areas of high unemployment or low-income;
    • Owned by low income-individuals; and
    • Certified as an 8(a) participant, HUBZone small business, and/or economically- disadvantaged women-owned small business.
  • Shuttered Venue Operators Grant Program. The Shuttered Venue Operators Grant (SVOG) program is Section 324 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act) signed into law on Dec. 27, 2020. Following are answers as of Feb. 5, 2021, to frequently asked questions about the program. These will bE updated as new information comes available and additional program details are finalized. Frequently Asked Question about SVOG.
  • You can apply for a First Draw PPP Loan until Wednesday, March 31, 2021. SBA is currently accepting First Draw PPP loan applications from participating lenders. Lender Match can help connect you with a lender. You can also view all lenders near you on a map. All new First Draw PPP Loans will have the same terms regardless of lender or borrower. If you wish to begin preparing your application, you can download the following PPP borrower application form to see the information that will be requested from you when you apply with a lender: PPP First Draw Borrower Application Form.
  • SBA Shares Resources for Black-Owned Businesses During National Black History Month By Victor Parker, Deputy Associate Administrator for the SBA Office of Field Operations
    This National Black History Month, we commemorate the 100th Anniversary of the destruction of Black Wall Street where hundreds of small business dreams were deferred in the town of Greenwood, Oklahoma. Today, Greenwood’s 1921 Commission and other small business leaders join forces to help this community rebuild and regain economic equity. SBA also celebrates the immeasurable contributions black business owners have made to entrepreneurship in this country. From key historical figures like Madame CJ Walker to well-known innovators like Oprah Winfrey, black business owners throughout history have shaped U.S. entrepreneurship and paved the way for today’s small business owners.
  • Looking for more information about the Targeted EIDL Advance? Earlier this week, the SBA added a new frequently asked questions which includes information about the application process, eligibility and program criteria. Learn More.

 

New York

  • Thursday February 11 | 12:30pm – 2:00pm Personal Cybersecurity: Prevention, Awareness, and Career Pathways hosted by the NYC Hispanic Chamber of Commerce and the New York Institute of Technology. Given the growing number of security breaches and recent cybersecurity attacks, it is now more important than ever to learn how to secure your personal devices. In this webinar, presenters will discuss personal cybersecurity, as well as careers in this field. Join us for an animated conversation with experts in the field.
  • NYC Restaurant Week To Go has been extended through Sunday, February 28, 2021. Registration is still open for restaurants who are interested in participating. The deadline for registration is Tuesday, February 2 at 5pm. Please click here for more details and to sign up. Diners may search for participating restaurants by visiting nycgo.com/restaurantweek.  

 

Connecticut

  • Tuesday February 9th | 12:00 pm – 1:00 pm Free Webinar on How to Apply for PPP: Focus on Self-Employed. The information in this webinar is tailored specifically to assist self-employed individuals, sole proprietors and independent contractors in understanding the program and how it works for this group of entrepreneurs. Advisors will walk you through how PPP specifically works for you, whether this is your first time applying or you are seeking additional funds.  We will also explain how the allowable uses have been updated and expanded. Topics cover:
    • How to calculate the amount you are eligible for
    • Allowable payroll and non-payroll loan uses;
    • Documentation needed; and
    • Forgiveness enhancements
  • Thursday February 11 | 12:00 pm Free Webinar on How to Apply for PPP: Focus on Small Employers. The information in this webinar is tailored specifically to assist businesses with two or more employees, independent of legal structure (sole-proprietor, LLC, S-Corp, C-Corp, non-profit)  in understanding the program and how it works for this group of entrepreneurs. Topics cover: 
    • How to calculate the amount you are eligible for
    • Allowable payroll and non-payroll loan uses;
    • Documentation needed; and
    • Forgiveness enhancements
  • The Women’s Business Development Council is pleased to offer grants of up to $10,000 to qualified small business owners who live in Connecticut.Grants are available to women–owned and/or minority–owned businesses in Connecticut and are designed to help these businesses pivot, expand or restructure during pandemic times and beyond.  Grants between $2,500 and $10,000 may be given for clearly defined projects that will have a measurable impact on the business.  Applicants are required to match 25% of the grant funding with their own money.The application period for the next round of funding is now open until 11:59 PM EST on Monday, February 15th. For more information or assistance, please visit,  The Women’s Business Development Council

 

Maryland

  • Maryland Washington Minority Companies Association Contracting Opportunities
  • To be eligible, a business must have between two and 25 employees, less than $7 million in annual revenue, a demonstrated need for support, a strong plan for moving forward, and be in good standing with the state of Maryland. For more information contact Allyson Black, Manager, State Affairs and Economic Development, BGE Allyson.Black@bge.com 410.269.5286
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Webinars

  • Wednesday, February 10th | What’s Your Story? How to Tell Great Stories that Get Heard and Get Results A six-week series kicks off on Wednesday February 3 at 1:00pm CT. Ever wish you could read journalists’ minds? Are you making the best use of social media? Does ‘proving your ROI’ feel like an impossible task? If you’ve ever had these questions, this webinar series is for you. Reflect, reset and revisit some industry best practices that will keep you thriving. Let this be the year of more proactive and less reactive.

 

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