SBA News: Comment on Lending Data Collection Practices, Tax Tips, Trainings and more...

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Minnesota District Office

u s small business administration

Creating Positive Company Culture

Panel Discussion: Creating Positive Company Culture

Oct 27, 3 - 4:30 p.m.

The SBA Minnesota District Office is hosting a panel discussion on the topic of company culture and how it relates to recruitment and retention in these challenging times. Sandi Larson, Entrepreneur Fund’s Women’s Business Alliance North’s Director will be our moderator for this hour and a half discussion with several Minnesotan small business owners who’ve created a culture where employees thrive that also benefits the bottom line.

Our panelists include:

  • Mercedes Austin, Mercury Mosaics - a manufacturer of custom tiles and mosaics
  • Kevin Brown, Smart Set - a design and print company
  • John Hobday, Healthcare Interactive - a healthcare training software company
  • Sam Peterson, Kyatchi - a Japanese restaurant with multiple locations

Learn More


Proposed Rule On Small Business Lending Data Collection

The Bureau of Consumer Financial Protection has published a proposed rule to require covered financial institutions to collect and report data on applications for credit for small businesses, including those that are owned by women or minorities. The CFPB’s proposal also addresses its approach to privacy interests and the publication of section 1071 data, shielding certain demographic data from underwriters and other persons, recordkeeping requirements, enforcement provisions, and the proposed rule’s effective and compliance dates.

Comments are due on January 6, 2022. 

Learn more


Tracking the Economic Recovery

The Federal Reserve Bank of Minneapolis is tracking the economic recovery among businesses across the Ninth District, a region that includes Minnesota, the Dakotas, Montana, parts of Wisconsin, and Michigan's Upper Peninsula. 

Please take this 5-minute survey to help the government agencies better understand how your business is faring during the recovery phase of the pandemic. With other business voices from across the Ninth District, your input will help the Federal Reserve System shape monetary policy to help businesses thrive. If you get this survey from multiple sources, please respond to the survey only once.


Additional SBA Training

The SBA is hosting training webinars to provide SBA to help entrepreneurs and small business owners start, grow, expand, and recover. 

To learn more and register today, visit the links below:

  • Hispanic Heritage Month Small Business Panel 
    Oct. 14, 11 a.m.; Register
  • SBA & IRS Covid Tax Relief for Employers and Business Owners
    Oct. 20, 9:30 a.m.; Register

  • Finding and Retaining Employees (with DEED CareerForce)
    Oct. 22, 10 a.m.; Register
  • CyberSecurity for Small Business (with SBDC)
    Oct. 26, 1:30 p.m.; Register
  • Greater Minnesota Procurement Fair (with PTAC)
    Oct. 26-28, 8:30 a.m.; Register
  • Workforce Panel: Creating Positive Company Culture
    Oct. 27, 3 p.m.; Register
  • Doing Business with the VA and Veteran Verification (with PTAC)
    Nov. 2, 9 a.m.; Register
  • Boots to Business Reboot 
    Nov. 9 a.m.; Register
  • Surplus Personal Property for Veteran-Owned Small Business (with PTAC)
    Nov. 3, 9 a.m.; Register

  • Positioning MN Veteran-Owned Businesses for Success in Government Contracting (with PTAC)
    Nov. 4, 9 a.m.; Register

SBA Resource Partner Trainings

  • Veteran Women Support Group Session (VBOC)
    Oct. 14; Learn More
  • Tracking Your Business Using Spreadsheets (SCORE) 
    Oct. 14; Learn More
  • Financial Wellness - 2 Session Series (SCORE)
    Oct. 14 & 21; Learn More
  • Getting Ready (WomenVenture)
    Oct. 15; Learn More
  • Restaurant Operations with Doron Jensen (SCORE) 
    Oct. 18; Learn More
  • Google Analytics 4.0 (SCORE)
    Oct. 19; Learn More
  • Understanding eCommerce Basics (SCORE)
    Oct. 19; Learn More

  • Simple Steps to Starting Your Business - 5 Session Series (SCORE)
    Oct. 20 - Nov. 17; Learn More
  • Negotiation Basics (SCORE)
    Oct. 20; Learn More
  • Labor Shortage – Retention (SBDC)
    Oct. 20; Learn More
  • WomenVenture Services Overview 
    Oct. 22; Learn More

  • Understanding Google Analytics To Grow Your Business (SCORE)
    Oct. 26; Learn More
  • The Circular Economy, Regional Economic Indicators Forum (SBDC) 
    Oct. 26; Learn More
  • Northeast Minnesota Equity Summit (SBDC)
    Oct. 27; Learn More

  • Local SEO (SCORE)
    Oct. 28; Learn More
  • Is your website ready for 2022? (SBDC)
    Nov. 9; Learn More
  • Grow Your Business With SEO 2.0 (SCORE)
    Nov. 9; Learn More
  • Northeast Minnesota Virtual Child Care Summit (SBDC)
    Nov. 10; Learn More
  • SOAR: Women’s Virtual Business Conference (Women's Business Alliance)
    Nov. 10, 12, 17; Learn More
  • Exploring Childcare Business Opportunities (WomenVenture)
    Nov. 11; Learn More
  • Labor Shortage - Resources from MN DEED (SBDC)
    Nov. 12; Learn More


Regulatory Workplace Guidance

With many employees and employers still trying to figure out how workplace laws apply in these times we live in, the Department of Labor recently sent out out a couple of links that could be helpful to your small business: 


Tax Tips from the IRS

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Get more IRS Tax Tips here.


Stay Updated

For more on SBA programs for the coronavirus, please visit www.sba.gov/relief.

If this newsletter was forwarded to you, sign up to get it directly via  sba.gov/updates. Be sure to add your MN zip code to receive this Minnesota-specific information.

Join us on Twitter (@SBA_Minnesota) for information as it becomes available too.