South Dakota District Office Updates

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South Dakota District Office  

u s small business administration
Illustration of a trophy with text, 2023 National Small Business Week Awards. Now accepting nominations. The SBA logo is included.

 

SBA South Dakota District Seeks Nominations for Small Business Week 2023

The U.S. Small Business Administration (SBA) announces the SBA South Dakota District Office is accepting nominations for the 2023 National and South Dakota Small Business Week Awards, including the annual Small Business Person of the Year award.  Nominations are accepted through December 8, 2022, 3 p.m. CST. The awardees will be honored during national and statewide award ceremonies during National Small Business Week, the first week of May 2023.

Visit the SBA’s dedicated website at www.sba.gov/nsbw to download forms, criteria, and guidelines for submitting a nomination. The South Dakota District Nomination Guidelines and district awards categories can be found on the district’s website at www.sba.gov/district/south-dakota .

The SBA awards given in celebration of Small Business Week include the following categories:

NATIONAL:

  • Small Business Person of the Year: A business/owner from each of the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and Guam will be selected for the State Winner award. The state award winners will compete for the title of National Small Business Person of the Year, SBA’s signature award.
  • Small Business Exporter of the Year
  • Phoenix Awards for Disaster Recovery:
    • Phoenix Award for Small Business Disaster Recovery
    • Phoenix Award for Small Business Disaster Recovery - Mitigation
    • Phoenix Award for Outstanding Contributions to Disaster Recovery, Public Official
    • Phoenix Award for Outstanding Contributions to Disaster Recovery, Volunteer
  • Federal Procurement Awards:
    • Small Business Prime Contractor of the Year
    • Small Business Subcontractor of the Year
    • Dwight D. Eisenhower Awards for Excellence (for large prime contractors who use small businesses as suppliers and contractors)
    • 8(a) Graduate of the Year
  • Awards to SBA Resource Partners:
    • Small Business Development Center (SBDC) Excellence and Innovation Center Award
    • Women’s Business Center of Excellence Award
    • Veterans Business Outreach Center of the Year
  • Small Business Investment Company of the Year

 SOUTH DAKOTA:

  • Small Business Person of the Year (National and District – one nomination required for both)
  • Small Business Exporter (National and District – one nomination required for both)
  • Family-Owned Small Business: Nominees must serve as a majority owner & operator, or hold principal responsibility for operating a small business with at least a 15-year positive revenue history that has been passed down through one or more generations.
  • Minority-Owned Small Business: Any individual who qualifies as a minority, is at least 51% owner, and operates a small business with a three-year positive revenue history and a commitment to strengthen minority-owned businesses in the community.
  • Veteran-Owned Small Business: A business that is at least 51% veteran-owned with a positive revenue history 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 positive revenue history 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 holds principal responsibility for operating a small business with a three-year positive revenue history, and who will not reach the age of 30 by June 1, 2023.
  • Small Business Champion: An organization/individual selected by the District Director who goes above and beyond as an economic advocate for small business in the State of South Dakota.

“Business owners and economic advocates work diligently throughout the year to ensure we have the goods and services we rely on,” said Jaime Wood, SBA SD District Director. “We have a long line of exceptional business awardees from previous years, and we are eager to continue acknowledging excellence in the business space.  These awards are for business owners and advocates who go the extra mile to make resounding economic and personal impact in their local communities and nationally.”

To obtain additional information on the award nomination process, please contact Michele Arends, SBA SD, at michele.arends@sba.gov. For current SBA SD information, please register for the district e-newsletter at www.sba.gov/updates.


 

hispanic

 

Did you know the nearly five million Hispanic-owned businesses in the United States contribute more than $800 billion to the American economy annually? During Hispanic Heritage Month, learn about resources to help Hispanic entrepreneurs start, grow, expand and recover businesses.

Learn more


 

cyber

 

District Director Jaime Wood attended the Greater Sioux Falls Chamber of Commerce Cybersecurity Conference with the South Dakota Better Business Bureau and Dakota State Leadership.  Dakota State was recently named as a grant recipient to help emerging small businesses develop their cybersecurity infrastructure as part of the SBA’s Cybersecurity for Small Business Pilot Program.


 

Illustration of a business with the SBA logo and the following text, Save the Date, National Veterans Small Business Week, 10/31-11/ 4/2022.

 

We’re excited to announce that this year’s National Veterans Small Business Week (NVSBW) will take place on October 31-November 4!  Each year the SBA during NVSBW celebrates, connects, and empowers service member, veteran, National Guard and Reserve, and military spouse entrepreneurs all week long. This year marks the ninth annual NVSBW.


 

SBA Upcoming Events 

banking

 

Wednesday, September 21, 2022                          1:00 - 2:00 PM CT

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


 

organizational types

 

Wednesday, September 28, 2022                   1:00 PM – 2:00 PM CDT

The Organizational Types and Other Considerations for a Small Business module provides an overview of business organizational types and is designed to help participants to understand how selecting the correct organizational type can benefit their business.

Objectives

Identify general characteristics, advantages, and disadvantages of each of these organizational types for small businesses:

• Sole proprietorship

• Partnerships (general partnership, limited partnership and limited liability partnership)

• Limited liability company (LLC)

• C-corporation

Looking for help starting or managing your small business? We are teaming up with the SBA District Offices in North and South Dakota to offer Money Smart, a small business management series.

The Money Smart Series for Small Business provides a practical introduction to topics related to starting and managing a business. Developed jointly by SBA and the Federal Deposit Insurance Corporation, the curriculum consists of 13 modules.

Register

Resource Partner News & Upcoming Events

win

 

Join SD CEO West for their September Women In Networking (WIN) Rapid City Luncheon on Tuesday, September 20th, 2022, from 11:30 AM - 1:00 PM at The Rushmore Hotel & Suites in Rapid City. That's right! Please, note that this luncheon is 90 minutes long. The luncheon will be starting at 11:30 AM, and registration opens at 11:00 AM. 

Connect with the inspirational women in your community to motivate you on your business, career, or personal journey. Wherever you are in your journey, the women of WIN are here to help you succeed. Together, we can accomplish incredible feats!

Registration and payment by Friday, September 16th, at midnight is required. Seating is limited. Sorry, no walk-ins!

REGISTER 


 

ptac

 

Have you thought of the government market sector? 

Are you considering government as a business opportunity?  

Join the South Dakota, North Dakota, and Minnesota PTAC teams, on September 21 at 9 am CDT, as they outline what a business needs to have in place before contracting, explore why you may consider the government market sector and what it takes to be successful in this market. 

Learn More and Register


 

global

 

Global Entry Mobile Enrollment Event by US Customs and Border Protection 

 Tuesday through Thursday, September 21st, 22nd, and 23rd 2022

To all international travelers, South Dakota’s International Trade Center is pleased to announce its hosting of the "Global Entry" registration and interview event to take place in Sioux Falls, South Dakota!  TSA Pre® Eligibility Global Entry is a U.S. Customs and Border Protection (CBP) program that allows expedited clearance for pre-approved, low-risk travelers upon arrival in the United States. Members enter the United States through automatic kiosks at select airports.

The benefits of having "Global Entry":

  •   Expedited Processing Lines
  • No Paperwork
  • Access to expedited entry benefits in other countries if applicable
  • Available at major U.S. airports
  • Reduced Wait Times

For more information about this event call Rock Nelson – Director of South Dakota’s International Trade Center (605)-941-6696 or Rock at rock@southdakotatrade.com.


 

visionary

 

Join SD CEO East Women's Business Center for the Inaugural Women's Visionary Summit on Tuesday, September 27, 2022 starting at 8:00am, Washington Pavilion, Mary W. Sommervold Hall, Sioux Falls.

At the first annual summit for SD CEO East, attendees should expect a morning full of entrepreneurial spirited speakers motiving the surrounding community to Aspire. Adapt. Achieve. 

Register


 

hear

 

How are we doing?? Take a moment to complete the South Dakota District Office Customer Experience Survey and let us know. Your feedback will help us improve the services we can provide you. Find the survey at: surveymonkey.com/r/SBACXSurvey