SBA Southeast Celebrates Black Business Month

 

August 2020

 

SBA Southeastern Regional Update for Entrepreneurs

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Ashley Bell

Ashley D. Bell 

Region IV Administrator, U.S. Small Business Administration & Entrepreneurship Policy Advisor for the White House Opportunity & Revitalization Council

 

 

SBA's Southeastern Region Exceeds Contracting Goals in Targeted Community Zones, Women, and Veterans

Every year, the SBA and other federal agencies set prime contracting and subcontracting goals by utilizing the Procurement Contracting Scorecard, which include targets for small businesses, women-owned small businesses, small disadvantaged businesses, Service-Disabled Veteran-Owned small businesses, and small businesses located in Historically Underutilized Business Zones (HUBZone).The federal government’s goal every year is to award at minimum 23% of all federal contracts to small businesses.

We are proud to share (below) that small businesses across the Southeastern Region secured $27.3 billion in federal contracts, assuring that 27% of federal contracts were awarded to small businesses. Additionally, Veterans were awarded $4.7 billion; women-owned businesses generated $4.75 billion; and disadvantaged small businesses led the pack with $9.76 billion. HUBZone firms received $1.68 billion in contracts which focus on helping those in distressed, low-income rural and urban communities with high unemployment. 

Now that the Paycheck Protection Program has expired, I see contracting opportunities as especially important, as well as the SBA’s continued support of small businesses through programs such as EIDL (Economic Injury Disaster Loans), CARL (Community Advantage Recovery Loan), and other SBA Debt Relief programs.  Through government contracting success and additional SBA programs we can continue making significant contributions by pushing our economy past this COVID-19 pandemic with job retention and, in many cases, job expansion.


      Southeastern Region IV Exceeds National Goals

   

       

     2019  Outcomes 

            Targets 

Goal

         Region IV 

        National

   

   % 

$(B) 

      $(B)

%

Small Business

23%

27.23%

$19.23

$132.90

26.50%

Small Disadvantaged

5%

9.76%

$6.90

$51.60

10.29%

Service- Disabled Veteran

3%

6.61%

$4.67

$22.00

4.39%

Women Owned

5%

5.31%

$3.75

$26.00

5.19%

HUBZone

3%

2.38%

$1.68

$11.40

2.28%

 

                                      Read more here....


SBA Celebrates Black Business Month


ICYMI:  Please find the Op-Ed Written by Regional Administrator Ashley D. Bell in Honor of Black Business Month that was featured in the Atlanta Journal Constitution:

ashley bell ajc opinion

                             SBA Outreach Broadcasts

Ashley D. Bell hosted tens of thousands of entrepreneurs, non-profits, faith-based organizations, and community leaders in webinars and tele town halls across the southeast and the nation from Dallas/Fort-Worth, Atlanta, the Northeast, to California. 

Participants were empowered to gain the financial assistance and information on PPP, EIDL, and CARL funding they needed to help recover from the COVID-19 global pandemic.   

These broadcasts also established a valuable network of elected officials, community leaders, lenders, and SBA staff who will continue to work together beyond this pandemic to ensure economic prosperity and continued growth. 

Although the Paycheck Protection Program expired on August 8th, please listen to these broadcasts, as they share resources that you may find very helpful as we recover from these challenging times.

DFWPPPSpeakers

 

 

COVID-19: Road to Recovery for African American-owned Businesses 

 

COVID-19: Road to Recovery for AAPI Entrepreneurs

 

aapi ppp outreach

          Free Online Classes Throughout the Southeast

 

Close, Survive, or Thrive: SBA & SCORE  Aug 31 (12PM EDT)
You Have PPP, What's Next?  Sep 2 (9AM EDT)
Update on the EIDL Program Sep  9 (9AM EDT)
Close, Survive, or Thrive: SBA & SCORE  Sep 14 (12PM EDT)
Building a Sustainable Business Strategy During Covid-19   Sep 16 (9AM EDT)
Close, Survive, or Thrive: SBA & SCORE   Sep 21 (12PM EDT)
Fueling Your Business with SBA Funding  Sep  23 (9AM EDT)
Close, Survive, or Thrive: SBA & SCORE  Sep 28 (12PM EDT)
World's Largest Opportunity for Small Businesses: US Govt  Sep 30 (9AM EDT)

 

Classes

Local News From Your SBA District 


Thomas Todt

Alabama District Office

Thomas (Tom) Todt, District Director

 

According to 2015 data from the Census Bureau, in 2012 African-American owned businesses made up 2.6 million of minority-owned firms in the U.S. It is a known fact that black-owned business face great challenges in starting, growing and sustaining a business.  

At the Alabama District Office and its staff is committed to ensuring we provide the necessary resources, guidance and assistance through every stage of the entrepreneurial process.

Nicholas Dowdell of Alabama

In honor of National Black Business Month, we celebrate Provision Contracting Services, LLC.  

Learn how did SBA help Nicholas Dowdell grow his small business, Making Provision through the 8(a) Business Development Program


HendersonL

North Florida District Office

Laketa Henderson, District Director (A)

 

The North Florida District Office has seen how resilient our businesses have been in the midst of the pandemic. Our office and our resource partners are here to support businesses as they recover. In honor of National Black Business Month, our office would like to share the following success story for Frank Brewer, President of Alpha Omega Global LLC.

 

                      Frank's Success Story From Navy to Logistics

Frank Brewer

Frank spent 20 years working in the private sector after his service in the United States Navy. He started his business in 2008 as a consulting firm aimed at providing marketing services. 

Unfortunately, six months into starting his business, the economy took a downturn and the company almost went out of business.  

However, Frank decided to work with the Small Business Development Center at University of North Florida, Procurement Technical Assistance Center, Veterans Business Outreach Center, and .. read more here ..


Victoria Guerrera

South Florida District Office

Victoria Guerrero, District Director

In an effort to help entrepreneurs navigate the global shifts in the economy, the U.S. Small Business Administration South Florida District will host a series of workshops designed to help you not only recover from COVID impact, but SUCCEED in business!

                                        "Helping entrepreneurs start, grow and succeed in business”

 Small Business Success Campaign SBA South Florida   Register here           

Campaign Kick-off  w/SCORE Aug 31, Sep 14, 21, 28
SBA: Who We Are & What We Do Oct 5 - Nov 2
SBA: Our 4 Pillars of Your Success: Oct 12 - Nov 2
Access to Capital Oct 12   
Access to Contracting & Certification Oct 19
Access to Counseling & Training Oct 26   
Access to Long Term Disaster Recovery Nov 2

 


 Virtual Strategic Alliance Memorandum w/Florida Memorial University(HBCU)

MIAMI – The South Florida District Office virtually signed a Strategic Alliance Memorandum with Florida Memorial University as part of SBA's ongoing outreach and partnership with Historically Black Colleges and Universities. 

This SAM serves to foster a collaborative partnership between SBA and Florida Memorial in an effort to support small business development and growth, assist with the University's career readiness initiatives for students by helping them develop their own entrepreneurial opportunities.

sf3

(Top, clockwise) Victoria Guerrero, SFDO district director; Althea Harris, SFDO supervisory outreach and marketing specialist; William McCormick, FMU Board of Trustees chair; Dr. Rosalie Payne, FMU associate professor of management; and Dr. Jaffus Hardrick, FMU president.

                           For more info visit www.sba.gov/southflorida


Dennison

Georgia District Office

Terri L. Denison, District Director

 

 

SBA Georgia District Director Terri Denison recently presented the Virtual FY 2019 Lender Awards to.... 

7(a) Lender of the Year in Total Loans Wells Fargo Bank 
7(a) Lender of the Year in Total Dollars Metro City Bank 
CDC of the Year Capital Partners Certified Development
Rural Lender of the Year in Total Loans Wells Fargo Bank
Rural Lender of the Year in Total Dollars Quantum National Bank
Microlender of the Year Access to Capital for Entrepreneurs
Mission Based Lender Award Small Business Assistance Corporation 
Third Party Lender Award for Most Loans Synovus Bank
Third Party Lender Awards in Total Dollars Metro City Bank
Pacesetter Award Greatest Increase 7a Loans Signature Bank of Georgia
Pacesetter Award Greatest Increase 7(a) $$ Vinings Bank & Cadence Bank

 


Coffey

Kentucky District Office

Robert Coffey, District Director

 

EIDL Program Helps This Small Business Survive

Wisdom Tree Technologies (WTT) serves the defense, law enforcement, national security and inter-agency industries, plus corporations.

The company is a recent graduate of the SBA 8(a) business development program and a Native American and Service-Disabled Veteran-Owned Small Business (SDVOSB) company in Murray, KY.

Then COVID-19 struck. The company’s cash flow was hit hard. Scott applied for and received an SBA Economic Injury Disaster Loan (EIDL) and EIDL Advance grant. That was a lifeline for WTT and helped Scott keep his staff employed and pay bills.

While business is not back to normal, WTT continues to recover from the impact of COVID-19 and compete for government and private sector contracts. The company continues to leverage SBA programs, like the 7(j) training programs for on-boarding  new employees, and SDVOSB certification.

Allen

Scott has mentored SBA 8(a) businesses that are Women-Owned and HUBZone certified and gives back in other ways. The EIDL and EIDL Advance are two more SBA programs that he has used for his business.

                             

             Read the full WTT success story here


Stewart

Mississippi  District Office

Janita Stewart, District Director

         Celebrating Black Business Month 

                 How the SBA Helped

Williams and McElroy received business counseling from the Hinds Community College Small Business Development Center (SBDC) to help them develop a business plan and financial projections for the business. Williams and McElroy were able to obtain an SBA loan to finance the business and purchase the new storefront location.  

Juice

                     Successful Impact/Outcome

Mama Nature’s Juice and Salad Bar is a plant-base juice bar, which serves products that only contain ingredients in their rawest form. The bar uses fresh fruit, vegetables, roots, nuts, dairy free milks, and organic superfoods. Williams and McElroy pride themselves on using as many Mississippi vendors for their supplies as the can, from the leafy greens to the raw local honey. The business has expanded its workforce from two to seven employees. Williams and McElroy are living their dream of being small business owners and promoting healthy living. They were able to pursue their true passion by the help of the SBA and the community.

Mama Nature’s Juice Bar is all about encouraging a healthy way of living and helping people incorporate veggies and fruits in their diet are part of that, Williams said.  “The juice bar is plant-based,” Williams said. “We want to introduce people to roots and herbs, different things they don’t know about.”


Stith

North Carolina District Office

Thomas A. Stith, III, District Director

 

The SBA North Carolina District Office is dedicated to sparking change and igniting action so small businesses can confidently start, grow, and expand. 

LET’S TALK BUSINESS: REIGNITE NORTH CAROLINA SERIES    Wednesdays,  9:00 AM EDT – 10:30 AM EDT

Session 1: Fire Up w/ Brian Hamilton

Brian Hamilton Foundation

Session 2: You have your PPP: What’s next?

PPP

Session 3: An update on the EIDL Program

eidl

Session 6: The World’s Largest Opportunity for Small Business: The US Government

Session 4: Building a Sustainable Business Strategy during COVID 19

covid-19

Session 5: Fuel Your Business with SBA Funding 

funding

White

 South Carolina District Office

Richard "Gregg" White, District Director

 

The 2020 Regional SBIR Weeks are virtual, collaborative outreach efforts connecting entrepreneurs working on advanced technologies to the country’s largest source of early stage funding – the SBIR/STTR programs. Join the South Carolina District Office Sept 16th  SBIR Virtual Week!

SBIR LOGO

Also known as America’s Seed Fund, the SBIR/STTR programs provide over $3.7 billion in funding to small businesses each year in a wide variety of technology areas.

Each virtual event will provide attendees with an opportunity to hear directly from the participating federal agency program managers that administer over 5,500 new awards annually and to meet virtually one-on-one with program decision makers. If you’re an innovator, entrepreneur, researcher, or small technology company, don’t miss this opportunity!

America’s Seed Fund – Columbia, South Carolina - SBIR Virtual Week

* Cutoff date for selecting meetings in advance is September 8th at 10:00 a.m. EDT.


Channell

Tennessee District Office

LaTanya Channel, District Director

The SBA Tennessee District Office created the “Road to Recovery: Connecting Tennessee Small Business to Resources”- a series of virtual events for small business looking to recover or pivot their entrepreneurial endeavors, since the impact of COVID-19.   The first session featured the Tennessee Commissioner for the Department of Revenue on the Tennessee Business Relief program. You can view that webinar here to find if your Tennessee business is eligible to receive CARES Act payments from the State. 

                  Road to Recovery Continue Helping Tennessee Business

     For small businesses that were declined for an EIDL, we will begin biweekly webinars - “EIDL Reconsideration: Reasons for Decline and How to Respond” - starting August 26th.  For more information, contact the Tennessee District Office and follow us on Twitter at @SBA_Tennessee.