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Connecticut District Office  

u s small business administration

Shuttered Venue Operators Grants in CT

Goodspeed

The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance. The  SVOG portal is still open to receive applications, apply here: www.svograntportal.sba.gov.

The most recent public data indicates 58 grant awards in Connecticut totaling $28,038,391. “There is good news here in CT! Since June, we have seen many successful SVOG awardees and more to come. As of the latest report, the amount requested from SVOG applications was $11.6 billion. Therefore, with over $16 billion allocated for the program, there is enough funding for all the qualified applicants that we have at this point”, stated Catherine Marx, District Director, Connecticut District Office, U.S. Small Business Administration.

A pubic list of grantees can be found hereShuttered Venue Operators Grant (sba.gov) The 58 Connecticut grantees are as follows: 

svog1svog totals 2

Restaurant Revitalization Fund Totals

RRF

On July 6th, the U.S. Small Business Administration's  Administrator Isabel Guzman announced the closure of the Restaurant Revitalization Fund (RRF) program, signed into law by President Joe Biden as part of the American Rescue Plan. The program provided much needed economic aid to restaurants and other establishments struggling to make ends meet as a result of the pandemic. 

“The $28.6 billion Restaurant Revitalization Fund provided desperately needed relief to more than 100,000 restaurants and other food and beverage businesses across the nation with significant funding going to our hardest-hit, underserved businesses,” said SBA Administrator Isabel Guzman. “Restaurants are at the center of our neighborhoods and propel economic activity on Main Streets. As among the first to close in this pandemic and likely the last to reopen, many are still struggling to survive. The SBA will continue to work hard to ensure they get the resources they need to recover, rebuild and be resilient.” 

“The most public data as of July 7, 2021 states 1,303 Connecticut entities received approvals totaling $301,164,069.  Restaurants, bars, and other small businesses offering on-site food and beverages are the core of our neighborhoods. These funds that have already been distributed have also helped restaurants and bars re-open, re-hire, and return to normal operations. They’ve made a significant difference and will help accelerate the recovery of thousands of restaurants and bring much-needed capital to communities across the state” says SBA Connecticut District Director Catherine Marx. 

The RRF program report is now live. It includes state-by-state breakdowns and industry-level data. https://www.sba.gov/document/report-restaurant-revitalization-fund-reports. The Restaurant Revitalization Fund application platform will remain open for the next two weeks to allow applicants to check their status, address payment corrections, or ask questions. The SBA will disable access to the platform on July 14, 2021. 


SBIR/STTR Programs

SBA Hosts National SBIR Week to Connect Technology Innovators & Entrepreneurs with Research Funding  

 

The U.S. Small Business Administration will host 2021 National SBIR Week on July 19 through July 23 for small business innovators.  The virtual event will connect entrepreneurs working on advanced technology to the country’s largest source of early-stage funding – the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.  The SBA Administrator Isabella Casillas Guzman will provide welcome remarks on July 19.

“The $4 billion in federal non-dilutive funding offered through SBA’s SBIR/STTR programs is often a critical milestone in moving an entrepreneur’s research idea from concept to commercial product/services. This national conference will enable entrepreneurs across the country to engage virtually with the federal program managers that oversee more than 7,000 awards annually,” said John Williams, Director of Innovation and Technology. “SBA is committed to making sure innovators – particularly women, minorities, and those located in states with less access to federal or private funding to advance their ideas – are aware of the SBIR and STTR programs and gain a higher percentage of that funding moving forward.”

The SBA is committed to building an inclusive innovation ecosystem to ensure that entrepreneurs from historically underrepresented communities can fully participate in next- generation research and development. SBIR Week will feature complimentary events from organizations involved in supporting entrepreneurs across the country including, the Minority Business Development Agency (MBDA) and the Federal Laboratory Consortium for Technology Transfer (FLC). For the full Press Release and more information on the MBDA InVision Tour click here: https://www.sbirroadtour.com/.


PPP forgiveness

 

PPP Loan Forgiveness Webinar

 

 

 

  • Learn when you need to apply for forgiveness on your PPP 
  • What are hold codes and how to fix them
  • Lender/Applicant communication processes

Learn all about the PPP Forgiveness process, eligible payroll and non-payroll expenses, forms and instructions, the forgiveness timeline and much more. Find out answers to your questions, register below.

 

Date: Tuesday, July 13, 2021

Time: 11:30am ET

Register: www.SBA/PPPForgivenessRegistration.com


PPP Forgiveness Webinar for Loans Under $50K, July 15

sbdc ct

There are three different forgiveness applications based on the size of the PPP loan and other requirements.

This webinar will focus on applications for loans under $50,000 and will cover:

 

  • The simplified forgiveness form for loans below $50,000
  • Exemptions on employee and wage reductions
  • The eligible payroll and non-payroll costs
  • Certifications and documentation

Please note while some details apply to all loan amounts, we will focus on those under $50k in this particular webinar.

Date: July 15, 2021

Time: 12:00pm 

Register: https://ctsbdc.com


Seminario web: Programa de Protección de Pago (PPP) - La aplicacion de perdon 20 de julio

PPP en Espanol

Fecha: martes, 20 de julio del 2021

Hora: 5:00pm ET

Registrarse: https://www.SeminarioPPPenEspanol.com


wbdc

Q&A with the SBA, Thursday, July 15

 

Join the Women's Business Development Council and the U.S. Small Business Administration for a panel discussion  and Q&A session. 

 

Topics will include:

 

  • Federal COVID Relief programs 
  • PPP Forgiveness
  • Women Owned Small Business Certification – What is it, how can it benefit your small business, what you need to do to become certified.

Date: July 15, 2021

Time: 1:00pm ET

Register: https://www.sba.gov/wbdc


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