SBA February Calendar l NEW Covid Relief Updates

Massachusetts District Office - February 2021

u s small business administration

NEW Covid Relief Updates

Shuttered Venue Operators Grant Program

 

Program details

The Shuttered Venue Operators (SVO) Grant program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to shuttered venues, to be administered by the SBA’s Office of Disaster Assistance.

Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.

For additional details, see our Shuttered Venue Operators Grants Frequently Asked Questions.


SBA Lending Update: 7A Loan Program Enhancements

SBA announced enhancements to the 7a loan program effective 12/27 through 10/1/21 that gives lenders additional incentive to lend -- helping small businesses access capital and save money:

  • No fees to borrowers or lenders
  • Guarantee from SBA to lenders raised to 90%
  • Guarantees on the Express loan program under $350,000 raised from 50% to 75%
  • Express loan limit increased to $1 million through October
    and on our 504 program through 9/30
  • No Third Party Lender fee or CDC Processing fee

For questions on SBA’s regular loan programs, please contact your local district office.  The MA general mailbox is MassachusettsDO@SBA.gov


Paycheck Protection Program 2.0 Update

paycheck protection program, PPP

 

SBA has released PPP approval data through 1/24, feel free to check it out here: Paycheck Protection Program (PPP) Report: Approvals through 01/24/2021 (sba.gov)

Nationwide there have been 400,580 approvals for $35,017,654,071 with a total of 4,526 lenders participating.

In MA, there have been 10,578 approvals for $1,031,477,972.     

MA represents 2.6% of total approvals by # and by $’s we are at 2.9% of total funds allocated for this round.

ALL APPLICANTS should continue to review all of the newly posted guidance from Treasury and SBA - here's some of the latest:

For all guidance and the latest, visit: https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses


Now Recruiting in Western Massachusetts

SBA Emerging Leaders Initiative

The SBA’s Emerging Leaders provides free entrepreneurship education and training for executives of small businesses that are potential job creators. This intensive executive entrepreneurship series includes nearly 100 hours of classroom time. Emerging Leaders provides participants with the opportunity to work with a network of experienced coaches and mentors, attend specialized workshops, and develop connections with their peers, city leaders, and the financial community. As a result, Emerging Leaders help build sustainable businesses that promote economic development within their communities.

Fill out the online form HERE to register your interest today!

This year Springfield, MA is one of the approved locations for 2021 for Emerging Leaders.  Interested small business owners can learn more regarding eligibility, how to apply, class schedules and locations at 2021 SBA Emerging Leaders Initiative, or by reaching out to Springfield Branch Manager Oreste Varela at: Oreste.Varela@sba.gov.  


UPCOMING Virtual Events

2/5: SBA Covid Relief Update in English & Mandarin

REGISTER

Join us Friday, February 5th at 12:15pm. This webinar will be held in English and Mandarin Chinese with a Question & Answer session after the presentation with John Xu, a native Mandarin-speaking Lender Relations Specialist based in Connecticut. 

Mandarin

Wednesday 2/3/21 / 9:30am - 10:30am
Support and Resources for Small Businesses with the SBA and Reading Chamber of Commerce

Thursday 2/4/21 / 10:00am - 11:00am
Introduction to the State of Massachusetts Contracting for Small Businesses

Thursday 2/4/21 / 9:00am - 10:00am
Small Business Resources Forum

Thursday 2/4/21 / 12:00pm - 1:00pm
CWE Eastern MA: Lunchtime Women Supporting Women Workshop

Friday 2/5/21 / 12:00pm - 1:15pm
Shopify: Best Practices for Ecommerce Stores to Drive Sales

Tuesday 2/9/21 / 10:00am - 11:15am
Franchising 101-Small Business Ownership

Tuesday 2/9/21 / 9:00am - 11:30am
Building Stronger Nonprofit Leadership Teams: Board & Staff Leaders

Wednesday 2/10/21 / 10:00am - 11:15am
Creating Content for Social Media and Newsletters

Wednesday 2/10/21 / 12:00pm - 1:30pm
So, You Want to Become a Consultant

Thursday 2/11/21 / 1:00pm - 2:00pm
Positioning Your Company to Sell Post COVID

Thursday 2/11/21 / 12:00pm - 1:00pm
CWE Eastern MA: Women Supporting Women Workshop

Thursday 2/11/21 / 6:00pm - 9:00pm
Business Planning and Cash Flow / Session 3 - Finiancial Projections

Friday 2/12/21 / 10:00am - 11:15am
Excel Formulas — They Can Do More than Just Math

Wednesday 2/17/21 / 10:30am - 11:45am
Price it Right! Effective Pricing Strategies and Tactics

Wednesday 2/17/21 / 6:30pm - 7:30pm
How Can the Small Business Administration Help With Your Covid Relief? with Oreste Varela, Springfield Branch Manager

Wednesday 2/17/21 / 5:30pm - 7:00pm
SCORE Western Mass Networking Event

Thursday 2/18/21 / 5:00pm - 6:30pm
CWE Central MA - Social Media Made Simple

Tuesday 2/23/21 / 11:45am - 1:15pm
HR Essentials: Best Practices in Total Compensation

Tuesday 2/23/21 / 11:00am - 12:30pm
CWE Eastern MA - Explore Small Business Administration Resources

Tuesday 2/23/21 - 4/27/21 / 5:30pm - 8:00pm 
CWE Eastern MA: 10-Week Business Planning Program General Cohort

Wednesday 2/24/21 / 2:00pm - 3:30pm
Your Business Plan: Soup to Nuts

Wednesday 2/24/21 / 10:00am - 11:15am
Lost and Found: Local SEO and Social Proof

Wednesday 2/24/21 / 11:00am - 1:00pm
CWE Eastern MA - Legal Considerations for New Business Owners

Friday 2/26/21 / 9:30am - 10:30am
Challenge and Value of a Cross-Cultural Business


HUD Section 3

What is Section 3?
Section 3 requires that recipients of certain HUD financial assistance, to the greatest extent possible, provide training, employment, contracting and other economic opportunities to low- and very low-income persons, especially recipients of government assistance for housing, and to businesses that provide economic opportunities to low- and very low-income persons.

For Residents – If you receive HUD financial assistance or meet the criteria for low- or very low-income for your community, you are eligible for work under Section 3. Log onto the Section 3 Opportunity Portal to create an account. Once you have an account you can upload your profile and employment history. You may also search for job opportunities through the Section 3 Opportunity Portal.

For Employers – If your business qualifies as a Section 3 business concern, you may self-certify for addition to the Business Registry. The Business Registry allows recipients of HUD funds to identify potential businesses to award HUD-funded contracts. For more information please visit the Section 3 Opportunity Portal.

For more information, please visit the Section 3 Opportunity Portal:
https://www.hud.gov/section3

There's also an app! For information about HUD resources and to find an office or grantee near you, please download the free HUD Resource Locator app or HUD Grants app for iPhone or Android devices.


Serie de emprendimiento ofrecida en español (serie de 10 partes)

REGISTRO EN LINEA

¿Busca prosperar en estos tiempos difíciles? ¿Quiere crear o hacer crecer su negocio? ¿Quiere ser más innovador?

El MSBDC de la Universidad de Clark y la Organización Empresarial Latinoamericana (LABO) ofrecen un curso de 10 semanas para personas interesadas en aprender sobre el espíritu empresarial o que ya han iniciado su propio negocio.

El orador será el Dr. John Dobson (biografía), un emprendedor en serie. Antes de unirse a la academia, lanzó y vendió con éxito varios negocios. Enseña Emprendimiento en la Universidad de Clark. Su experiencia está en la difusión de innovaciones y lanzamientos exitosos de productos / negocios. El Dr. Dobson tiene una Maestría en Desarrollo Internacional de la London School of Economics y también un Doctorado de la Universidad de Manchester (Reino Unido). Tiene más de 25 años de experiencia empresarial, que utiliza para desarrollar un enfoque basado en evidencia para ayudar a los estudiantes a iniciar negocios exitosos en los Estados Unidos y en todo el mundo.

Fechas: Lunes consecutivos, del 11 de enero al 15 de marzo de 2021
Hora: 6:00 - 7:30 p.m. est
Ubicación: Webinar en línea
Costo: Gratis
Contacto: Si tiene preguntas sobre el contenido, comuníquese con el Dr. John Dobson en jdobson@clarku.edu. Si tiene problemas de registro, envíe un correo electrónico a info@msbdc.umass.edu.

  • 11 de enero (Parte 1): Introducción a la creatividad, la innovación y el espíritu empresarial
  • 18 de enero (Parte 2): DYME Desarrolle su modelo de emprendimiento
  • 25 de enero (Parte 3): Creación de prototipos (desarrollo y prueba de innovaciones)
  • 01 de febrero (Parte 4): Pensamiento sistémico en el espíritu empresarial
  • 08 de febrero (Parte 5): Entonces, ¿qué? Estrategias para una diferenciación eficaz del mercado
  • 15 de febrero (Parte 6): Movimiento de liderazgo y cambio
  • 22 de febrero (Parte 7): Construyendo un seguimiento: características psicográficas de sus clientes
  • 01 de marzo (Parte 8): Marketing empresarial - Ciencia de la persuasión
  • 08 de marzo (Parte 9): Venta efectiva: Lanzamiento de sus productos
  • 15 de marzo (Parte 10): Finanzas empresariales

2/3 Exploring Growth Opportunities

bsb

Wednesday, February 3, 2021

9:00-11:00 AM EST

REGISTER

Profitability is a primary measure of a business’s ultimate success and longevity, this module explores growth opportunities that focus on sales and profitability. Sales increases come from expansions in markets served, target customers reached, products and services offered, and other business expanding methods. In Module 1, you began your analysis by evaluating your current business situation, clarifying your three-year vision, and setting goals to achieve it. This module will help you evaluate growth indicators that show your business’s readiness for growth. In addition, you will assess the industry’s own potential for growth and identify and screen opportunities for your business.

The presenter will be Keith Alex Greenaway, JD and Managing Director of MBE Advisory Services at the Greater New England Minority Supplier Development Council.

Please note: If you missed the first date of this module and require individual assistance, help is available. Please contact Ileana Purisic at ileana.purisic@gnemsdc.org.

Module 4 - Using Financial Tools
March 2021

This webinar series is brought to you by the Massachusetts Small Business Development Center (MSBDC) and the Greater New England Minority Supplier Development Council (GNEMSDC)


Government Contracting Events

Thursday  2/18/20 / 9:00am - 10:30am
How to do Business with the Federal Government

Thursday  2/25/20 / 9:00am - 10:30am
SBA 8(a) Business Development Eligibility Session

Government Contracting Eligibility

7J

U.S. Small Business Administration offers the 7(j) Management and Technical Assistance Program for eligible Small Businesses.

7(j) training, provided to eligible firms and their employees, includes very specialized training in the areas of federal contracting. The training will be provided in an online format with live instructors and the ability for students to participate and ask questions. Up to 40 participants per workshop will receive training on how to make "real world" business decisions that will facilitate their firm's success.

Training is provided by Stover & Associates, Inc. For more information and to register, please visit: http://sbaworkshops.stoverteam.com/cgi-bin/app.cgi

  • 2/9/21 Developing the Technical & Past Performance Proposals
  • 2/10/21 Developing the Cost Proposal
  • 2/11/21 Facilities Clearances
  • 2/16/21 Preparing Bids for Construction
  • 2/17/21 Negotiating Government Contracts

To view all current offerings, please visit: Stover & Associates

Any questions, please reach out to Nadine.Boone@sba.gov


Small Business Resource Guide Massachusetts Edition 2020

Check out our latest Massachusetts Edition 2020 - Small Business Resource Guide now available online!

2020 Resource Guide

WHERE CAN I GET HELP?

Please direct all other inquiries and questions to our District Office email at:

MassachusettsDO@sba.gov

FREE and confidential counseling services are available across the Commonwealth. 

 

Virtual education, training and networking sessions are happening daily.

 

Please schedule a virtual session with any of our Resource Partners below...


Resource Partner Network

How prepared are you to reopen your business? Check it out here

MSBDC

WE ARE OPEN FOR BUSINESS!

Staff are working remotely and can be reached via email or telephone. MSBDC is committed to supporting entrepreneurs during these very challenging times.

Request for Counseling

MSBDC advisors can assist businesses with disaster loan applications.

If you are not currently a client and would like to speak with a counselor, please find your region and reach out to the REGIONAL OFFICE SERVING YOU.

Berkshire Regional Office
33 Dunham Mall, Suite 103
Pittsfield, MA 01201
413-499-0933 | Fax: 413-499-3005
www.msbdc.org/berkshire

Central Regional Office
Clark University
The Carriage House, 125 Woodland Street
Worcester, MA 01610
508-793-7615 | Fax: 508-793-8890
www.clarku.edu/offices/sbdc

Northeast Regional Office  (SPANISH-SPEAKING COUNSELOR)
Salem State University
121 Loring Avenue, Suite 310
Salem, MA 01970
978-542-6343 | Fax: 978-542-6345
www.salemstate.edu/sbdc

Procurement Technical Assistance Center
Scibelli Enterprise Center
1 Federal Street, Building 1
Springfield, MA 01105
413-545-6303 | Fax: 413-737-2312
https://www.massptac.org

Southeast Regional Office
200 Pocasset Street
Fall River, MA 02721
508-673-9783 | Fax: 508-674-1929
www.msbdc.org/semass

Western Regional Office
Scibelli Enterprise Center
One Federal Street, Building 101
Springfield, MA 01105-1160
413-577-1768 | Fax: 413-737-2312
www.msbdc.org/wmass

 


SCORE BOSTON

Request for Counseling

Counseling Sessions with BOSTON SCORE CHAPTER:
If you want to speak with a counselor, SCORE is doing tele-consults. Just pick a date and time to schedule a session and enter your contact info, mentors are doing sessions by phone and Zoom video app. 

Reach out to other SCORE CHAPTERS throughout the state below.

SCORE Boston Chapter

SCORE Worcester Chapter


SCORE Northeastern Massachusetts Chapter


SCORE Southeastern Massachusetts Chapter


SCORE Western Massachusetts Chapter


SCORE Cape Cod Chapter


SCORE Rhode Island (Serving Fall River, New Bedford)

 


CWEWomen's Business Centers

 


Eastern Massachusetts Center - Boston
44 School St., Suite 200
Boston, MA 02108
info.EasternMA@cweonline.org

Central Massachusetts Center - Westborough
69 Milk St., Ste. 217
Westborough, MA 01581
info.CentralMA@cweonline.org

Veterans Business Outreach Center of New England (VBOC of NE)
132 George M. Cohan Blvd.
Providence, RI 02903
info.VBOC@cweonline.org


Email

Disclaimer: The SBA does not endorse the organizations sponsoring linked websites, and does not endorse the views they express or the products/services they offer.  All programs and services are extended to the public on a nondiscriminatory basis.