South Dakota District Office Updates

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South Dakota District Office  

u s small business administration

PLEASE GET YOUR NOMINATIONS FOR SMALL BUSINESS WEEK IN TODAY!

Illustration of a trophy with the following text, 2022 National Small Business Week Awards. Now accepting nominations. Visit sba.gov/nsbw

Please remember the deadline is January 11, 2022 to nominate that special business for recognition during National Small Business Week in May 2022. 

The SBA South Dakota District Office invites you to nominate a local small business and/or individual or organization to be considered for recognition for one of the following awards:

National Small Business Week Awards

  • Small Business Person of the Year
  • Exporter of the Year

District Small Business Week  Awards

Family-Owned Small Business: Nominees must serve as a majority owner & operator or bear principal responsibility for operating a small business with at least a 15-year track record that has been passed down through one or more generations.

Minority-Owned Small Business: Any individual who qualifies as a minority and who owns at least 51% and operates a small business with a 3-year track record and a commitment to strengthen minority-owned businesses in the community may be nominated.

Veteran-Owned Small Business: A business that is at least 51% veteran-owned with a successful track record and a commitment to strengthen veteran-owned businesses within the community.

Woman-Owned Small Business: A business that is at least 51% women-owned with a successful track record and a commitment to strengthen woman-owned businesses within the community.

Young Entrepreneur -Owned Small Business:  Any individual who serves as majority owner and operates or bears principal responsibility for operating a small business with a 3-year track record, and who will not have reached the age of 30 by June 1 of the year the award will be presented.

Small Business Champion: An organization/individual selected by the District Director who has gone above and beyond as champion for small business in the State of South Dakota.

 Where are the nominations to be sent?  

All nominations must be submitted electronically to the U.S. Small Business Administration South Dakota District Office BOX account, https://sba.app.box.com/f/659a6d0b1b7d41e9ad0cf54819303035. BOX account information is available at www.sba.gov/nsbw.   

How to Nominate

Step 1: Review the nomination criteria Start by reviewing the National Small Business Week 2022 Award Nominations Guidelines .

Step 2: Gather and complete the required forms  All forms can be downloaded from the National Small Business Week website. Refer to the nomination guidelines to determine which forms to submit.

Step3: Submit your completed nomination electronically Submissions must be uploaded to the South Dakota District BOX account -  https://sba.app.box.com/f/659a6d0b1b7d41e9ad0cf54819303035.

Step 4: Watch your email for communication regarding your nomination

Questions?  Contact michele.arends@sba.gov 


 

SBA Upcoming Events

online

 

Wednesday, January 12, 2022                                   1:00 - 2:00 PM CST

Attendees will learn about the realities of owning a business and assess their readiness for starting a business themselves. About this event To help attendees learn more about owning a business we will: • Clarify some of the myths and realities of small business ownership. • Start a self-assessment to determine their readiness to become small business owners. • Set a plan of action to complete their self-assessments by seeking feedback from stakeholders, such as family, friends, and potential customers.  Register at:

https://www.eventbrite.com/e/is-owning-a-business-a-good-fit-for-you-sba-money-smart-series-tickets-214784495207


 

surety

 

Tuesday, January 18, 2022                                             9-10:00 AM CST

Learn about the different types of bonds and why and when they are required by contract owners. This webinar is an overview of SBA’s Surety Bond guarantee program - this session is for businesses with limited financial resources; no prior bonded work experience; been in business less than three years; previously denied surety bonding and/or have the desire to increase bonding capacity. SBA has helped small businesses obtain their first surety bond or increase their bonding capacity though the Surety Bond Guarantee (SBC) program. Learn how the bonding process works and how to use the SBA to help you obtain reasonable terms for your bonding needs.  Register at:

https://www.eventbrite.com/e/understanding-bonding-requirements-and-sba-surety-bond-guarantee-program-tickets-227679665007


planning

Wednesday, January 19, 2022                                          1–2:00 PM CST

Planning for a Healthy Business – start-up: from plan to reality. After completing this class, the participants will be able to: • Explain how an evolving planning process can help them make key decisions as business owners. • Describe how to convert a vague idea into a resource plan. • Explain the importance of a healthy personal credit score and healthy relationships with lenders. • Describe how a business plan helps motivate stakeholders to understand and support their business ideas. • Explain the benefits of creating a day-to-day action plan for running a small business.  Register at:

https://www.eventbrite.com/e/planning-for-a-healthy-business-sba-money-smart-series-registration-214844885837


 

dbe

Tuesday, January 25, 2022                                              9 - 10:00 AM CST

The USDOT Disadvantaged Business Enterprise (DBE) Program aims to increase the participation of minority and women owned businesses in state and local transportation projects that are funded by the Department through the Federal Aviation Administration (FAA), the Federal Highway Administration (FHWA), and the Federal Transit Administration (FTA). Representatives for the DBE programs in South Dakota, North Dakota, and Minnesota will discuss program requirements, benefits to contractors, and opportunities for businesses that participate.  Register at:

https://www.eventbrite.com/e/disadvantaged-business-enterprise-dbe-program-is-it-right-for-you-tickets-224622220107


 

banking

Wednesday, January 26, 2022                                           1 - 2:00 PM CST

After completing this class, participants will be able to understand the following: The benefits of building effective long-term relationships with bankers (branch managers and lenders) and business advisors Factors to consider when selecting a financial institution Features, advantages, and risks associated with the financial services and products under consideration Types of small business financing options and lenders Factors to consider when evaluating financing options Ways to improve their chances of getting a loan, including building a strong personal and business credit history, keeping accurate business records, and understanding the Five C’s of Credit Ways to recognize and avoid small business fraud, scams, and cybersecurity risks.  Register at: https://www.eventbrite.com/e/banking-services-sba-money-smart-series-tickets-213841474607


 

SBA Resource Partner Upcoming Events

WIN 11

 

Join SD CEO West for their Women In Networking (WIN) Luncheon on Tuesday, January 11th, 2022, from 12:00 PM - 1:00 PM at The Joy Center in Spearfish. Early networking starts at 11:30 AM. Guest speaker is Dr. Brandie Rainboth, owner of Spearfish Physical Therapy.  Register at:

https://sdceo.ecenterdirect.com/events/signup/1018459

Interested in promoting your business or organization? Bring a door prize!  

Any questions about WIN or the luncheon, please call Julie Hinker at 605.642.6435.

Women In Networking (WIN) is an organization under the SD CEO Women's Business Center for women in business that provides an opportunity to widen their professional networks, promote their business or organization and network with other women. 

WIN connects women, familiarizes participants with other businesses and/or upcoming events, and supports the SD CEO Women's Business Center. 


 

grand

 

Join SD CEO East on Wednesday, January 12, 2022, at the Zeal Center for Entrepreneurship’s Conference Room AB for the Grand Opening celebration of our SD CEO East Women’s Business Center from 4:00 PM – 6:00 PM. 

At 4:30 PM, our program will begin with remarks from Assistant Administrator for the Office of Women’s Business Ownership at U.S. Small Business Administration (SBA), Natalie Madeira Cofield, SBA South Dakota District Director, Jaime Woods, SD CEO East WBC Director, Ashley Biggar, and Greater Sioux Falls Chamber of Commerce Representatives, followed by a ribbon cutting. 

Feel free to come before the program and stay after with appetizers from Salas Salsas, desserts from Random Sweets, beverages from Startup Sioux Falls, and entertainment by Erica Peterson. We are excited to celebrate with you! Thank you for your support of our center and the entrepreneurial ecosystem in Eastern South Dakota!

Questions? Feel free to give our Director, Ashley, a call at 605.691.4761, or email her at Ashley.Biggar@BHSU.edu


 

influencer

 

Influencer Marketing has become HUGE and a valuable way for businesses to get their products and/or services in front of others. Peer-to-peer review have always out performed ads, and with the privacy changes on social media platforms, more business owners are turning to social media influencers to help them sell! The best part? You don't need to find someone with a million followers (and subsequently with large fees) to help share what your business does with the world.

The webinar is live on Wednesday, January 12th, 10:30am - 12pm MDT and is FREE to join!

It will be taught via Zoom with the opportunity to ask questions throughout the presentation.  Register at:https://sdceo.ecenterdirect.com/events/signup/1018502


 

crypto

 

Thursday, January 13, 2022                                           8:30 a.m. – 10:00 a.m. CST 

The Social in Sioux Falls - Doors open at 8:00 a.m. 

Cryptocurrency and Blockchain Technology in the Age of COVID-19: How will it disrupt your industry? 

  • Could cryptocurrency have an impact on the success of your business? 
  • What is happening in the crypto marketplace NOW? 
  • What’s this Web 3.0 and what do you need to know? 

You’ve got questions, we’ve got experts. 

Join South Dakota based bitcoin traders and entrepreneurs Kimberly Woodbury and David Woodbury for coffee and conversation as they discuss: 

  • Digital currency like bitcoin 
  • Blockchain technology 
  • Today’s crypto market 
  • Web 3.0 

There will also be an open Q&A session to get YOUR crypto, blockchain, altcoin, NFT questions answered!  

Kimberly and David will help attendees better understand cryptocurrency and how it could help businesses in South Dakota mitigate the economic effects of COVID-19.

FREE and open to the public. Limited seating.


 

business

 

Thursday, January 13, 2022                              12:00 PM - 1:00 PM CST

Staying top of mind and creating retention can float you through any storm or slow season! Join SD CEO East on January 13, 2022, at 12:00 PM CT/ 11:00 AM MT, for a short presentation by Shaina Hargens with VBOC of the Dakotas and our select panelists, including Ashley Biggar of SD CEO East Women's Business Center. Register at:

https://sdceo.ecenterdirect.com/events/signup/1018558

Any questions about this event, please email Ashley, Ashley.Biggar@BHSU.edu.


 

win

 

Get together with SD CEO West for coffee and connecting on Tuesday, January 25, 8:30 am - 9:30 am at HomeBrew Coffee Shop at OneHeart in Rapid City

Meet other women in business in the Rapid City area and start your day off right with some powerful connections, inspiration, and great conversation.  Entrepreneurs, aspiring entrepreneurs, business owners, students, intrapreneurs - those who work for a company, municipality, higher ed or non-profit - all women are welcome.

 There is no cost to attend and the SD CEO West Women's Business Center will provide coffee. Specialty drinks are available for purchase. Please register so we know you are coming. Let's make 2022 the year of connection!  Register at:  https://sdceo.ecenterdirect.com/events/1018557


youtuber

Wednesday, January 26, 2022                        10:30 AM - 12:00 PM MST

The last year has opened up many people's eyes on how they can start their own business! Becoming a YouTuber is no exception. So, what do you need to get started on the platform? What techy gadgets do you HAVE to have (and what can you go without)? What do you need to know to produce your own YouTube Channel? Let's talk about it!

The webinar is live on Wednesday, January 26th, 10:30am - 12pm MDT. This webinar is FREE to join!

It will be taught via Zoom with the opportunity to ask questions throughout the presentation.  Register at:  https://sdceo.ecenterdirect.com/events/1018503