WBE Tools, Resources, Information and Connections Bulletin October 12 – 16, 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

  • Join the National Women’s Business Council for a webinar on October 14 at 1:00pm ET. Women-Owned Startups in Rural America. Learn about useful tools and resources. Join this LIVE Q&A session where the National Women’s Business Council (NWBC), United States Department of Agriculture (USDA), and SCORE will dedicate the full hour to answering your questions on the top challenges rural startups face and the most effective resources and programming to help your business thrive. This lively discussion will delve into the available training and resources for women business owners and entrepreneurs in rural America. You can submit your questions during registration and during the LIVE webinar.

Small Business Administration

  • SBA & Treasury Announces Simpler PPP Forgiveness for Loans of $500K or Less. The U.S. Small Business Administration, in consultation with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars.
  • Women Owned Small Business Federal Contracts. Have you ever wondered how much of federal government contracting dollars go to women-owned small businesses (WOSB)? Check out this interactive dashboard where you can see a breakdown of WOSB by agency and state.

Connecticut

  • Governor Lamont recently announced the expansion of the state’s Shared Work program to help companies navigate the economic impact of the COVID-19 pandemic. The Shared Work program, managed by the Connecticut Department of Labor, helps employers reduce operating costs and avoid layoffs by temporarily reducing employees’ hours by 10-60%. Those workers receive a significant portion of those lost wages by receiving partial unemployment benefits.

In addition to reducing short-term costs, businesses benefit by avoiding the expense associated with recruiting, hiring, and training new employees when the economy recovers. Impacted employees benefit by retaining a connection to their employer (rather than being laid off), maintaining their health insurance and other benefits, and protecting the majority of their income. Connecticut’s Shared Work program, which began in 1992, helps companies manage temporary downturns or lulls that can occur between contracts. It can also be used to help manage the impact of COVID-19.

Before the pandemic, Connecticut had approximately 290 companies enrolled in the program, protecting about 2,900 workers from layoffs. Since March, the program has benefited 1,340 companies and more than 24,300 workers.  Key elements of the program include:

    • Companies with two or more workers can qualify
    • Employees’ hours can be reduced up to 60%
    • Shared work is available up to six months for each employee
    • Companies can file for an extension at the completion of the six-month period
    • The federal government will cover the unemployment costs traditionally covered by businesses until December 31, 2020.

Companies interested in participating in the Shared Work program may now apply with the Connecticut Department of Labor: http://www.ctdol.state.ct.us/

Webinars

  • Thursday October 22 | 1:00pm – 3:00pm ET – The Big Pivot: Empowerment. Strategies. Growth presented by the Minority Business Development Agency of the US Department of Commerce. Learn effective methods for shifting your business and weathering the storm.
  • Friday October 30 | 1:00pm ET – Supply Management – Making the most of transportation and logistics presented by Marilyn Gettinger. This course will learn how transportation and logistics have been heavy topics for many years. They are areas that create many jobs, contribute approximately 10% to the U.S. Gross Domestic Product, and support the efficient and effective movement of freight. They are a critical component in an organization’s supply chains. This presentation explores how transportation and logistics impact supply chains and organizational strategy. In this session our expert will discuss:
    • Successful role in supply chain management
    • Route, mode, carrier, regulations, etc. selection
    • The goals and benefits of quality transportation and logistics
    • The evolution and importance of logistics and transportation
    • S. and Global Regulations

Partner Organization Offerings

  • Shani Godwin, a WBE who is the CEO of Communiqué USA, who is offering a FREE 1-hour webinar that your association members can take full advantage of called Small Business SOS: Communications Strategies To Help Your Business Survive and Thrive. This presentation is already getting rave reviews as it educates small businesses on how to make their communications strategies more impactful and relevant during this era in the marketplace.  So far, Shani has hosted this webinar to EO Atlanta, Greater Women’s Business Council, Manpower Group and Georgia Power and Your Sales Maven. What’s even better is, she provides all of the marketing materials and facilitates the entire webinar for you so it’s very little work on your end. To learn more about Shani visit https://www.linkedin.com/in/shani-godwin-976b6/

 

Tools You Can Use