Down to Business with the SBA

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New Hampshire District Office - July 15, 2022 

u s small business administration

Scoop up SBA resources for your small business

New England Regional Administrator Mike Vlacich joined NH Business Review (NHBR) for a Podcast Interview

NE RA Mike Vlacich Discusses Resources Available To Small Businesses On The ‘Down To Business’ Podcast.

The New Hampshire Business Review (7/13) reports that Small Business Administration Region I Administrator Mike Vlacich was interviewed on the ‘Down To Business’ Podcast. Mike Vlacich discussed the resources “small businesses can use to grow their business and how the SBA helps small business owners succeed during today’s challenges.”

Listen Here


Build America, Buy American

The American flag with the following text, Build America, Buy American. The SBA logo is at the bottom.

During July, the U.S. Small Business Administration kicks off its Build America, Buy American month of action to highlight the administration’s commitments to America’s small businesses, entrepreneurs, and startups and highlight the benefits of the president’s bipartisan infrastructure law that will create opportunities for small manufacturers and contractors.

As the nation recovers from the pandemic, and supply chain issues, the federal government must begin to level the playing field for small manufacturing firms wanting to scale up, expand, and compete globally. 

To assist businesses with planning, strategy, and contracting, the SBA has various partners including local Procurement Technical Assistance Centers to assist small businesses. President Biden laid out his vision to open more doors to federal contracting with an ambitious goal: Increase the share going to small and disadvantaged businesses by 50 percent into 2025. Buying from small and disadvantaged businesses leverages the federal government’s purchasing power to reestablish domestic supply chains and American-made products – using market growth opportunities to strengthen our nation’s industrial base.

Included in these reforms is an effort to make certain that “category management,” a government-wide initiative to strategically source commonly purchased goods and services, does not shut out small businesses. We want to make it easier for more small businesses owned by people of color, women, and veterans, to do business with the federal government. The administration has directed over 40,000 federal contracting officers across government to spend tens of billions of dollars more with small, disadvantaged businesses.

The Infrastructure Investment and Jobs Act’s $1.2 trillion created an enormous opportunity for small construction and service firms. The SBA stands ready to support these businesses with bonding capacity, access to capital, and the ability to subcontract with large businesses to get their fair share of the contracting pie. We must ensure all taxpayer dollars are being used to fortify entrepreneurship, innovation, and domestic supply chains, and in the process strengthen our democracy by creating equitable pathways to the American dream.

Today, we are more committed than ever to ensuring the federal government shops small to help our nation build back better following the pandemic. 

 


Success Story

NH Small Business Manufacturer

Environmental Devices Corporation, Plaistow

is 2022 NH Small Business Manufacturer of the Year!! 

Mark Sullivan is the founder, owner, and managing director of Environmental Devices Corporation (EDC), in Plaistow. He started his journey nearly 30 years ago after obtaining his BA in Chemistry at the St Anselm College, Manchester, NH in 1984 and his MBA at the University of Massachusetts in 1990. Mark has been involved in design of scientific instrumentation for research purposes for over 30 years.

EDC has developed two distinct product lines and has created more than fifteen different air quality monitors. The HAZ-DUST product line offers, handheld, area and personal respiratory air monitors. The HAZ-SCANNER product line offers a customizable instrument, that samples and records particulates, meteorological parameters, as well as, atmospheric gases, in real-time. EDC, now sells worldwide. 

Read the Entire Success Story Here


Build the Future with America's Seed Fund

SBIR/STTR Programs

July 18-22

 

If you're an innovator, entrepreneur, researcher, or small technology firm, don't miss this opportunity! 

Register for the 2022 America's Seed Fund Week (July 18 - July 22), a series of free virtual events connecting entrepreneurs working on advanced technologies to the country's largest source of early-stage funding - America's Seed Fund, the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs

Eleven Federal departments invest over $4 billion through 7,000 new awards to small businesses each year in a wide variety of technology areas. Hear directly from these decisionmakers and connect with your local entrepreneur ecosystem builders through daily events. The week culminates in a celebration of the 40th anniversary of the SBIR program with the Tibbetts Awards recognizing outstanding small businesses and support organizations. 

About America's Seed Fund

The SBIR and STTR programs fund a diverse portfolio of startups and small businesses across technology areas and markets to stimulate technological innovation, meet Federal research and development (R&D) needs, and increase commercialization to transition R&D into impact.

The SBA is committed to building an inclusive innovation ecosystem to ensure entrepreneurs from communities that have historically been underrepresented can fully participate in next generation research and development.


Photo of a rural main street with the following text, rural small businesses. The SBA logo is at the bottom.

SBA Visits Cheshire County in a #SmallBiz Rural Tour

Our NH SBA Team headed out on the road for our 3rd  ‘NH Rural County Outreach Tour.' The team was welcomed in Cheshire County for a lender roundtable, where we assisted area lenders with all things SBA and connected them with our resource partners.

The #SmallBiz stops included, Winchester Learning Center, Piccadilly Farm, Monadnock Harley Davidson, Ava Marie Chocolates, and Toadstool Bookstore.  We also stopped at government contractor, Environmental Alternatives, and Peterborough Players. We joined the Southwest Regional Commission Economic Development monthly meeting and toured the MAXT Makerspace in Peterborough. 

We offered our assistance to help small businesses, and town officials get the resources they need to start, grow, and thrive.

Let us know if you, your small business, town, or county wants us to visit and bring our small business resources and/or if you have a small business success story you would like us to highlight.

Email us: NewHampshire_DO@sba.gov or call us at 603-225-1400.


What others are doing to Help #SmallBiz

NH SBDC/NH Tech Alliance's Cybersecurity Review Program

The NH SBDC and NH Tech Alliance have partnered to provide free Cybersecurity Reviews to businesses with up to 500 employees. 

 One month left to apply for a free Cybersecurity Review!

All businesses have critical confidential information they need to protect relative to operations, intellectual property, strategic planning, customer and employee records, and/or financial information. Unfortunately, many small businesses discount the importance of protecting this data, resulting in 43% of cyber attacks being aimed at small businesses, with only 14% prepared to defend themselves, according to the Accenture’s Cost of Cybercrime Study.

The SBDC/NHTA Cybersecurity Reviews program offers small businesses individualized cybersecurity reviews, education, and a high level cyber risk assessment with a cybersecurity expert. A business will meet with an expert to discuss their cybersecurity maturity and needs, and receive a customized evaluation with actionable and achievable steps they can take to start protecting their business immediately. 

You can find more information on the program on this website


NH Tech Alliance Virtual Webinar

August 10 @ 7:30 am - 9:00 am

How Funding for Early Stage Startups is a Win for Investors & Founders

The discussion:

  • What is early stage investing and why is it beneficial?
  • How do investors decide what to invest in and how do you balance risk and reward?
  • How are  valuations determined and what metrics are important?
  • What actually happens when you invest in a business and how much money do you need?
  • How do exits, distributions and returns work?

Learn more Here



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Ways to Connect with SBA New Hampshire:

Websitewww.sba.gov/nh
EmailNewHampshire_DO@sba.gov
Twitter@SBA_NH

Phone: 603-225-1400