06/01/20: WBE Tools, Resources, Information and Connections Bulletin June 1 - 5, 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.

WBE Opportunity: Participate in a Virtual WBENCPitch Competition

To help women-owned businesses survive and thrive during this time of crisis, WBENC has responded by pivoting our popular WBENCPitch competition to support our new virtual business reality. Throughout the year, we will be awarding WBEs with more than $100,000 of grants and prize money through a series of virtual pitch competitions. First up – WBENCPitch Pivot.

What is WBENCPitch Pivot?

WBENCPitch Pivot, brought to you in partnership with Allstate, is designed to highlight women entrepreneurs who have pivoted their businesses and stepped outside of the box to create or offer products, services, and solutions that fill supply chain gaps during the COVID-19 crisis.

The tournament begins with a virtual WBENCPitch Pivot Showcase featuring 90-second pitch videos from eligible WBEs, where the entire WBENC network can weigh in and vote for their favorite pitch. The 12 WBEs who receive the most votes will then deliver their best pitch to a panel of WBENC Corporate Member judges and be eligible to win up to $10,000 in grant funding.

How to Participate:

Applications are open now through Friday, June 5, 2020. All applicants must prepare and submit a 90-second pitch video for consideration. Apply Now.

Eligibility:

Eligible WBEs include those with businesses that fit into one or more of the following ‘Pivot Categories’ to fill supply chain needs in response to the COVID-19 crisis:

    • Transformed current operations
    • Started a new line of business
    • Partnered with another WBENC-Certified WBE to create a new product or solution
    • Reinvented their business to stay afloat and fill a critical supply chain need

About the Tournament:

First Round – Showcase Voting

    • WBEs who meet the application criteria will have their 90-second pitch videos posted to the WBENCPitch Pivot Showcase for consideration and voting by the WBENC audience.
    • The Showcase will be open for voting beginning the week of June 8.

Final Round – Live Pitching to Judges

    • The top 12 WBEs to receive the most votes during the First Round will advance to the Final Round.
    • Finalists will present a live three (3) minute pitch and will engage in a short Q&A session with Corporate Member judges. The Final Round will be held on June 25.
    • The 12 finalists who have made the most significant changes to their operations and have made a meaningful impact during the COVID-19 crisis response will receive various levels of grant funding for their businesses.
      • $10,000 each for three (3) Grand Prize Winners
      • $6,000 each for five (5) Tier-2 Prize Winners
      • $2,000 each for four (4) Tier-3 Prize Winners

Questions?

If you have any questions about the WBENCPitch Pivot program, please contact us at pitch@wbenc.org.

Watch Past WPEO Lunch with the Experts Webinars and Virtual Events

General

  • The certification process for the Women-Owned Small Business Federal Contracting program will change starting July 15. Find out more on what you need to know here.
  • On Thursday, May 28, the House passed a bipartisan bill with a 417-1 vote, providing flexibility to small businesses currently unable to take advantage of the current PPP loans. The bill, now headed to the Senate, would provide the following changes:
  • Extends the amount of time the loan can cover from 8 to 24 weeks.
  • Extends the time new PPP loans must be paid back if the amount provided doesn’t convert into a grant from 2 to 5 years.
  • Lowers the minimum portion of the PPP loan that must be spent on payroll from 75% to 60%. The remaining would still need to be spent on rent, utilities, and other business-related expenses.
  • Amends the rehire date from June 30 to December 31.
  • Applications for CARES Act Non-Competitive Awards Accepted Through Mid-June and Competitive Awards on Rolling Basis. The Economic Development Administration (EDA) is accepting applications for CARES Act Recovery Assistance supplemental awards from Economic Development Districts, University Centers, Tribal Groups, & Revolving Loan Fund recipients through mid-June and competitive awards from all eligible grantees on a rolling basis.
  • Enterprising Women of Color Virtual Series: The Formula For a Winning Comeback. Join the Minority Business Development Agency’s Enterprising Women of Color Initiative in partnership with the National Minority Supplier Diversity Council, as they present a 4-week virtual event series for women of color entrepreneurs looking to reevaluate their business strategies. Missed a session? Visit gov to view video replays. Catch up today and start developing your formula for a winning comeback!
  • CDC Issues New Guidance on Reopening Offices. As local businesses await the “green light” from their respective Governors to reopen their offices, many have begun to diligently prepare detailed return-to-work plans. In order to offer some guidance to employers in this area, the CDC has now issued its own checklist for the reopening of office buildings, which can be found: HERE

Small Business Administration

  • The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, announced that it is setting aside $10 billion of Round 2 funding for the Paycheck Protection Program (PPP) to be lent exclusively by Community Development Financial Institutions (CDFIs). CDFIs work to expand economic opportunity in low-income communities by providing access to financial products and services for local residents and businesses.
  • The U.S. Small Business Administration issues new interim rules for Paycheck Protection Program (PPP) Loan Forgiveness. The first rule, which can be found HERE, provides guidance to borrowers on the loan forgiveness process, including the timing from the submission of the loan forgiveness application to payment. The second rule, which can be found HERE, provides guidance on the SBA’s review process of a PPP loan application and loan forgiveness. It sets forth the procedure by which the SBA may review a borrower’s file, and clarifies that the borrower will have an opportunity to respond to any inquiry

New Jersey

  • Governor Murphy’s Signing Executive Order: Lifting the Limit on Outdoor Gatherings from 10 to 25 Individuals. “Groups of 25 can now gather outdoors, Murphy says, as N.J. reopening continues…New Jersey is loosening restrictions on the number of people allowed at outdoor gatherings and certain outdoor activities, Gov. Phil Murphy announced at his daily press conference on Friday morning. ..” Read More.

New York

  • New York lawmakers passed new COVID-19 bills. Here’s what the measures would do.
  • Governor Cuomo signed an executive order authorizing private businesses to deny entry to those who do not wear masks or face coverings. You can learn more here.
  • Mayor de Blasio announced that New York City has hit five of the necessary seven metrics that would allow us to begin Phase One, which means there is a possibility of Phase One reopening in the new few weeks. In Phase One, construction, manufacturing, agriculture, wholesale trade, and retail (curbside pickup only) would be permitted to resume operations following guidelines outlined by the Governor’s Office. These guidelines include requirements for social distancing, communicating to employees, cleanliness and hygiene, and health screening. You can read more about those guidelines here. Please note you will be required to affirm that you read and understand the guidelines.
  • The Office of New York City Comptroller Scott M. Stinger and the Legal Aid Society is hosting Tenants Rights Information Sessions June 1 | 3:00pm EDT – June 10 | 7:00pm – June 16 | 11:00am. RSVP for this Zoom event. The link will be provided when you RSVP or call (212)669-4466. Hear from housing experts and bring your questions.
  • WE NYC is offering 1-on-1 COVID-19 Economic Relief Consultation appointments online. Multiple dates available.
  • NYC Small Business Services is hosting a free webinar How Do I Ensure My PPP Loan is Forgiven? on Thursday June 4 | 11:00am – 12:00pm. They will discuss the issues surrounding the post-approval phase of your PPP loan to ensure you are best positioned to have it forgiven.
  • Sunday June 17 | 5:00pm – 6:00pm Q&A with Toneille Raglan, Founding Attorney of Raglan Law. Responding to the Covid-19 emergency has been a challenge for everyone, particularly for women entrepreneurs. WE NYC has partnered with Toneille Raglan to provide you with relevant resources and guidance so you can successfully navigate these uncertain times as well as set yourself up for success to recover and thrive in the future.
  • Saturday June 30 | 2:00pm – 6:00pm Conference: Creative Leadership for Entrepreneurs in Times of Uncertainty. In light of the current situation, we’re bringing together experts in leadership development and entrepreneurship to have an honest conversation and share practical takeaways for coping and adapting to the current environment. We will cover, among other things, cultivating a mindset of curiosity and creativity to identify opportunities in the face of adversity and understanding how COVID-19 has created a new normal in business and crafting value propositions that resonates in today’s cultural and economic climate.

Maryland

  • The City of Baltimore’s Office of Minority and Women-Owned Business Development and Whiting-Turner’s Contracting Company is hosting a Get Down to Business Call-In Event Thursday June 11 | 8:00am – 12:00pm. The event offers an opportunity for business owners to meet with the Whiting-Turner Contracting Company’s bid teams to find about projects that will be put out for bid in the next several months. This event is exclusively for diverse sub-contractors and vendors.
  • Paycheck Protection Program provided by the City of Baltimore, Goldman Sachs, and Lendistry. The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.

To apply, click here
To view business guidelines and checklist, click here
To view required documents, click here

  • Tuesday June 2 – MBE/DBE/ACDBE/SBE Application Assistance Workshop by Maryland Department of Transportation (MDOT) Office of Small and Minority Business Policy

In response to Governor Larry Hogan’s executive order to help limit the spread of the Coronavirus Disease (COVID-19) outbreak, MDOT’s Office of Small and Minority Business Policy (OSMBP) will host its Certification Application Assistance Workshop via WEBINAR.
Find out if certification as a Minority Business Enterprise (MBE), Disadvantaged Business Enterprise (DBE), Airport Concessions Disadvantaged Business Enterprise (ACDBE), and/or Small Business Enterprise (SBE) is right for your business. Opportunities exist for small, minority, and women owned businesses to meet minority participation goals on government and private sector contracts. In FY2018, the State awarded over $1.3 billion to MDOT certified MBEs.
Learn the benefits of certification, the application process, eligibility standards, as well
as business development and marketing tips.

To view flier, click here

To register for the 10:00 am session click here
To register for the 5:30 pm session, click here

  • Thursday June 4 | 5:30pm – 6:30pm – Baltimore City Department of Public Works Small Business Development Growth By Design Training Program Virtual Open House

Baltimore City Department of Public Works (DPW) invites you to learn more about its Small Business Development (SBD) Growth by Design Training Program. Participants Will Learn About:

  • Upcoming projects in DPW’s 2020-2021 Procurement Forecast
  • Growth By Design training application criteria and curriculum
  • Why Growth By Design is the training opportunity you’ve been waiting for!
    To view flier, click here
    To register, click here

From Partner Organizations

  • GWBC – Wednesday June 3 | 1:00pm – 3:00pm EDT. The Minority Business Development Agency and the National Minority Supplier Development Council hosts “The Mental, Emotional, and Physical Comeback for Women in Business” webinar, the finale of the Enterprising Women of Color Series. Join the speakers as they discuss how to ensure emotional, physical and mental self-care as we embark on the new normal for professional and home life. Register.

Webinars and Townhalls

  • Tuesday June 23 | 10:30am EDT. Diversity Information Resources is hosting a free one-hour webinar Supplier Diversity Reimagined. Join industry experts to discuss how COVID-19 is impacting supply chains, diverse suppliers, diversity and inclusion, and supplier diversity.

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