South Dakota District Office Updates

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South Dakota District Office  

u s small business administration

Join Us For  A Virtual Coffee on Cybersecurity!

cyber

Monday, November 21, 2022,                                                    10:00 AM CST

Cyber attacks are a growing concern for small businesses. Common threats include malware, ransomware and phishing. Join the Small Business Administration and Dakota State University for a discussion on available cybersecurity defense and recovery services currently available for South Dakota small businesses. As the holiday shopping season kicks off, it’s a great time for small business owners to increase measures to keep their business and customers cyber safe!

Join Via Teams Live link at http://ow.ly/AXR250LCHiu

No registration required!


 

Illustration of a main street with small businesses, shop small logo, SBA logo and text, Small Business Saturday, November 26, 2022.

 

In between the big box holidays of Black Friday and Cyber Monday, falls Small Business Saturday. On Saturday, November 26th, you can support entrepreneurs who are the unsung heroes in our local communities and central to our prosperity and health as a nation. For many, personal economic empowerment through small business ownership is often the best, and only available, ticket to the American Dream.  

Why should you shop local?  When South Dakota residents choose to shop at small local businesses, they make a huge impact in their community by supporting an important cornerstone of the local economy. At the same time, strong numbers of customers patronizing local businesses encourage the entrepreneurial spirit that created existing businesses and can inspire others to be added to the community’s retail offerings.  For every $100 spent at a local business, $68 stays in that town. Spending $100 at a national chain means only $43 stays in town. Small business owners know how important it is to cultivate a thriving local community that shops close to home

The South Dakota SBA District Office encourages all citizens to recognize the importance of local small businesses by shopping at these establishments on Small Business Saturday as well as throughout the year.  These small businesses are owned by your friends and neighbors who support your community all year.  Take time in return to support them this year – visit a few retailers you may never have shopped with before.


 

National Entrepreneurship Month

 

America’s entrepreneurs not only contribute greatly to their local communities, but they are also drivers of the national economy as a whole. That, in and of itself, is worth celebrating. During National Entrepreneurship Month, check out the variety of resources to help you start or grow your business, including local business assistance, funding programs and online learning platforms.

Learn more


 

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


 

 

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 

building

 

Join SBA and Public Private Strategies Institute for a webinar on November 16, 2022 at 11:00 a.m. ET to connect with critical resources and information about the Biden-Harris Administration’s policy agenda, including how the Inflation Reduction Act, the Bipartisan Infrastructure Law and American Rescue Plan create opportunities for small businesses. Speakers include:

  • Isabella Casillas Guzman, Administrator, SBA
  • Mitch Landrieu, Senior Advisor and Infrastructure Coordinator, The White House
  • Ying McGuire, President and CEO, National Minority Supplier Development Council
  • Rhett Buttle, President and Founder, Public Private Strategies Institute

Register


 

long

 

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


 

native

 

Join SBA for a webinar in recognition of National Native American Heritage Month on November 17, 2022 at 1:00 p.m. ET. The webinar will focus on the importance of financial wellness, creating generational wealth through business ownership, and increasing equity and access to opportunities to help uplift and support Native-owned small businesses. Speakers include:

  • Jackson Brossy, Assistant Administrator, Office of Native American Affairs, SBA
  • Carrie Hill, Owner, Chill Baskets

Register


bottom

 

Join SBA and Small Business Majority on November 17, 2022 at 2:00 p.m. ET for a webinar about solutions and tips to diversify your revenue and improve your bottom line in celebration of Global Entrepreneurship Week. Speakers include:

  • Mark Madrid, Associate Administrator, Office of Entrepreneurial Development, SBA
  • Janet Perez Shensky, SVP of Strategic Partnerships, Lendistry
  • Corrine Hodges, CEO, Association of Women’s Business Centers

Register


global

 

In celebration of Global Entrepreneurship Week, join SBA for an online conversation on November 18, 2022 at 3:00 p.m. ET about refugee entrepreneurial success featuring small business owners from refugee or asylum seeking countries. Additional speakers include:

  • Isabella Casillas Guzman, Administrator, SBA
  • Hans Van de Weerd, Senior Vice President for Resettlement, Asylum & Integration, International Rescue Committee

Register


 

selling

 

 

The Selling a Small Business and Succession Planning for a Small Business training provides an overview of selling a small business and succession planning and is designed to help participants to understand how selling a business can benefit their business.

Participants at this workshop will learn about:

  • How to change the ownership of a business through selling, closing, or transferring the business to successors.
  • How to establish an exit strategy for retirement which includes a succession plan, transferring ownership of the business, and paying taxes

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


 

managing

 

 

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

• Describe the purpose of cash flow management in a start-up small business.

• Assess a cash flow cycle and make some cash flow projections.

• Describe how a cash flow statement can help assess and improve the financial health of a start-up.

• Identify some ways to manage cash flow in terms of managing costs and potential income.

• Identify ways to seek out expert technical assistance to improve cash flow management.

Register


 

doing

 

 

This presentation will help you understand the basic elements of the Federal Acquisition Regulations, more commonly known as the FAR. This presentation will include what the FAR is, what it covers, and how it is structured. We will discuss the various and notable FAR clauses and their meanings, as well as explain some of the main supplements to the FAR, especially the Defense Federal Acquisition Regulations, or, the DFARS. Finally, we will discuss how the FAR is woven into government contracts and guides each step of the government acquisition process, even with not explicitly referenced. By the end of this presentation, you will have no reason to fear the FAR!

Register


 

Resource Partner News & Upcoming Events

agri

 

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


 

win

 

Join SD CEO West for their Holiday Women In Networking (WIN) Rapid City Luncheon on Thursday, December 1st, 2022, from 11:30 a.m. - 1:30 p.m.

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 Thursday, November 23rd, at midnight is required. Seating is limited. Sorry, no walk-ins! 

We are hosting our 2-HOUR Holiday WIN Networking Luncheon at the Rushmore Hotel & Suites which will be decked out in holiday decor. Enjoy a delicious meal, fun games, and of course all the glitter. Put on your sparkle and join us!

Register


 

win

 

Join SD CEO West for their Holiday Women In Networking (WIN) Spearfish Luncheon on Thursday, December 8th, 2022, from 11:30 a.m. - 1:30 p.m.

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 Thursday, Dec. 1st, at midnight is required. Seating is limited. Sorry, no walk-ins! 

We are hosting our 2-HOUR Holiday WIN Networking Luncheon at the Joy Center which will be decked out in holiday decor. Enjoy a delicious meal by Cheyenne Crossing, fun games, and of course all the glitter. Put on your sparkle and join us!

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