How the SBA Serves Underserved Communities
At the U.S. Small Business Administration, we recognize that many Americans today continue to struggle to fulfill the American dream, especially in underserved communities—where times are tough, jobs are few, and many small businesses struggle. Many underserved communities—which can include inner cities and rural areas and may include populations such as women, minorities, veterans, tribal groups and others—were disproportionately affected by this recession, the fact remains that minority-owned businesses and women-owned businesses are some of the fastest growing segments of the economy. That is why we remain committed to lifting up these small businesses, especially in Massachusetts, so they can grow and create jobs in our community.
Together with our resource partners - the Massachusetts Small Business Development Center Network (MSBDC), Center for Women and Enterprise, SCORE Counselors for Small Business and the Northeast Veterans Business Resource Center - the SBA is engaged at every level to help all small businesses reach their full potential.
Contact your local SBA office in Boston at 617-565-5590 or through the SBA website at www.sba.gov/ma for information on a full array of financing, counseling and training and government contracting programs that can help your business succeed.
STEP Grants Program Available for Exporters!
The Massachusetts Office of International Trade and Investment (“MOITI”), in collaboration with the Massachusetts Small Business Development Center Network (“MSBDC”) and the Massachusetts Export Center, is pleased to announce the Massachusetts State Trade and Export Promotion Grant Program (“STEP Program”). MOITI, through a grant from the United States Small Business Administration (“SBA”), will provide grants to eligible Massachusetts small businesses for the purpose of increasing export sales of their goods and services.
Grants under the STEP Program will be capped at $10,000 per business to reimburse for costs associated with projects, activities or services undertaken during the period September 30, 2012 to September 30, 2013. Each grant recipient will be required to provide a match to cover at least 25% of the total approved cost for any project, activity or service.
Grant proceeds may be used for specific international business development and marketing costs. MOITI will accept submissions for consideration during the following two application periods: (1) November 30, 2012 – February 28, 2013; and, (2) March 1, 2013 – May 30, 2013. Applicants not accepted in the first application period may reapply in the second period.
To learn more about the STEP program, please click here.
Series of Online Training Sessions Available for 8(a) Businesses
The SBA is hosting a series of online courses for 8(a) certified firms, small disadvantaged businesses, businesses operating in areas of high unemployment or low-income or firms owned by low-income individuals. Register today!
How it Works:
Just like a class that you would attend in person, courses are taught by a live instructor on a scheduled day and time. The web-enabled, instructor-led training experience is a lot like a course taught in a classroom. Students will receive course materials in advance, participate in real time using a broadband connection, and interact directly with the instructor and their peers.
To view the schedule and/or register for a course, please click here.
Congratulations to South Shore Bank for becoming SBA's Lender of Quarter!
During the first quarter of fiscal year 2013 (10/1/2012 – 12/31/2012) the bank had 19 SBA loan approvals, making them the 3rd most active SBA lender in Massachusetts out of 75 lenders.