South Dakota District Office Updates

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South Dakota District Office  

u s small business administration

Celebrating National Veterans Small Business Week

Photo of five people framed around an illustration of the U.S. with text, National Veterans Small Business Week, Oct.31-Nov.4, sba.gov/nvsbw

 

Join SBA for National Veterans Small Business Week (October 31-November 4, 2022) as we honor our heroes who continue to serve our country by creating diverse and essential businesses in their communities. This year's event will celebrate the strength and resilience of our veterans small business community as they continue to march beyond the events of the pandemic and use what they’ve learned to propel their businesses forward.

Learn more


aberdeen

District Director Jaime Wood kicked off National Veterans Small Business Week receiving a proclamation from Aberdeen Mayor Travis Schaunaman.  Kelly Weaver from the Aberdeen Small Business Development Center and Laure Swanson from the South Dakota Governor's Office of Economic Development also attended the presentation. SBA celebrates & connects entrepreneurs & business owners – past, present & future during this week.


 

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District Director Jaime Wood, Deputy District Director Bryson Patterson & South Dakota Small Business Development State Director Mark Slade visited with Sioux Falls Mayor Paul TenHaken as he signed the proclamation declaring this week as National Veterans Small Business Week. 

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Left to right - DD Jaime Wood, Mayor Paul TenHaken, DDD Bryson Patterson and SBDC State Director Mark Slade.


 

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Rapid City Mayor Steve Allender also proclaimed this week as National Veteran Small Business Week!  Attending the signing was SBA South Dakota District Office Senior Area Manager Pamela Selberg who is based out of Rapid City and covers SBA outreach in western South Dakota.


 

Lender Awards

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Dakota BUSINESS Finance was recognized by SBA SD District Director, Jaime Wood, as the SBA 504 Lender of the Year in South Dakota for 2022. Dakota BUSINESS Finance was the #1 CDC in South Dakota for both dollar volume and loan volume.  


 

We're Looking for Nominations!

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

National Small Business Week Awards

The National Small Business Week Awards are back! SBA is now accepting nominations for its 2023 National Small Business Week Awards, including the Small Business Person of the Year. Could you be our next winner? If you’re a small business owner or know a small business owner with an inspiring story to tell, it’s time to submit a nomination!

A complete nomination package must be received electronically via BOX by December 8, 2022, 3pm ET. You answers should be in detail on forms 3301 and 3315 – it’s very important when it comes to judging the business! Our SBA Resource Partners can help assist, at no-cost, in writing your BEST nomination. You can locate a Resource Partner at https://www.sba.gov/local-assistance/resource-partners.  

Below is the list of requirements and forms, for your convenience:

  1. Review the National guidelines and instructions
  1. All nominees are required to complete SBA Background Form 3300
  2. Complete the Small Business Person of the Year Application Form 3301
  3. A digital photo– at least 300 dpi is required
  4. Review the South Dakota District Office Guidelines (this is where you will find the criteria for district awards)
  5. Complete the District Office Award Application Form 3315 (identify the district award category)
  6. Complete  Release of Materials Form
  7. Attach any other significant documentation (such as a nomination letter, letters of recommendation, etc.) not to exceed 10 pages
  8. Upload everything to our South Dakota District Office Box Account

Submit your nomination today!!  

Learn more


 

SBIR/STTR Programs

 

NIH SBIR & STTR Programs will award $1.2 billion during 2023

For a small business with a brilliant new idea in the life sciences, a funding infusion can do wonders to help translate that concept into reality. Did you know that the NIH small business programs are the largest source of early-stage capital for the life sciences in the U.S.? These programs set aside over $1.2 billion non-dilutive funds every year -- specifically to support small business research and development. 

Many companies leverage NIH funding to attract the partners and investors needed to take an innovation to market. We focus on a variety of high-impact technologies ranging from research tools, diagnostics, digital health, drugs, medical devices, and others. The NIH SBIR and STTR programs can provide the seed funding you need to bring your scientific innovations from bench to bedside. 

Fore more information contact Stoen.Mollman@usd.edu.


 

 

We're now on LinkedIn!

You follow our Twitter account. You check our Website for events. Now you can follow us on LinkedIn! Interact with us, get great content and more!

Like Our Page!

SBA Upcoming Events 

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Thursday, November 3, 2022                                                                     2:00 ET

Do you have 45 minutes to help build your bottom line and become more efficient? Ensuring that all components of your business are operating efficiently can help increase your ability to offer quality service to your customers while reinforcing your bottom line. We invite you to hear from experts on how to give your business a second look to increase your profitability and productivity, while saving precious time and money. Join SBA and Small Business Majority's webinar on November 3, 2022 as we explore your operations and for tips on how to create better efficiency. Speakers include:

  • Mark Madrid, SBA Associate Administrator, Office of Entrepreneurial Development
  • Deborah Lowe Muramoto, President/CEO, California Capital Financial Development Corporation
  • Linden Jackson, Small Business Coach, Operation Hope, Georgia

Register


 

insurance

 

 

The Insurance for a Small Business module provides an overview of insurance and is designed to help participants to understand how insurance can benefit their business.

After completing this class, participants will be able to understand the following:

  • Identify the types of insurance required by a small business
  • Identify other types of insurance a small business should consider
  • Explain why insurance is important for a small business

Register


 

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Wednesday, November 16, 2022                                        2:00 PM – 3:00 PM EST

The U.S. Small Business Administration (SBA) prioritizes assistance for those small businesses that are starting to export, already exporting or in the export supply chain. These small businesses may need additional funding to acquire equipment, retool, new facilities, refinance debt on unreasonable terms or acquired another business to achieve their export sales potential. International expansion can provide small business with substantial growth opportunities, but it can also present additional risk factors for their lenders. The SBA has designed programs for these development opportunities and at the same time minimize lender risk by providing a 90% guarantee.

Please join us to learn how your bank can participate in these programs. The International Trade Loan and Export Express programs that provide lenders the opportunity to assist direct and indirect exporters with long term financing. This training will cover the following topics:

• Program benefits

• Eligibility criteria

• Credit standards

• Application process

• Servicing requirements

Register


 

tax planning

 

 

The Tax Planning and Reporting for a Small Business module provides an overview of tax planning and reporting and how it affects business.

After completing this module, the participants will be able to:

• Identify the federal tax requirements of a small business and its owner, and to establish a plan to account and pay for federal taxes.

• Identify the general state and local tax requirements of a small business, and establish a plan to account and pay for these taxes.

• Identify methods for researching the local, municipal, and county reporting/licensing requirements for a small business.

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

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Join SD CEO West Women's Business Center on Thursday, November 3, 2022, 1:00 PM - 3:00 PM (MDT) at The Joy Center in Spearfish for this presentation on how to create business content.

Do you ever feel lost on how to create content for your business or company? What even is content? Where should I post? How often? 

Ellen Pustejovsky, content creator specialist, will share her tried and true formulas to help you cultivate a strong online community that naturally converts followers into customers. Discover what your audience wants to see and hear from you, learn simple and unique ways to create content that’s engaging and valuable, and build workflows that keep you relevant and consistent no matter your brand or niche. 

Register


 

coffee

 

Get together with SD CEO West for coffee and connecting on Tuesday, November 8, 2022, 8:30- 9:30 AM MST at Sturgis Coffee Company in Sturgis! Early networking starts at 8:00 am.

Meet other women in business in the Northern Hills 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 nonprofit - 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.

Register


 

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AGRITOURISM WORKSHOP

SDSU Extension and the South Department of Tourism will host an Agritourism Workshop on Thursday, November 17 at the Sturgis Community Center (1401 Lazelle St., Sturgis, SD 57785) from 9:00 a.m. - 5:00 p.m. MT.

This workshop will focus on what you can do to enhance your visitor experience. Topics that will be addressed include visitor expectations, collaborations, developing a tour, communications with visitors, and other important action steps. This conference is scheduled immediately prior to the South Dakota Local Foods Conference. 

Please register by November 9. The cost to attend is $35, which includes lunch and snacks. No refunds will be issued after November 9. If you have any questions or for more information, contact Peggy Schlechter, SDSU Extension Community Vitality Field Specialist.

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