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.


 

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


 

Lender Award Winners

bhfcu

 

The Black Hills Federal Credit Union leadership and commercial loan team in Rapid City recently recently received their award from District Director Jaime Wood, Deputy District Director Bryson Patterson and Senior Area Manager Pam Selberg. They were named as one of the top 2022 SBA SD 7(a) Lenders in South Dakota with 12 loans for $2.2 million!


 

highmark

 

South Dakota District Director Jaime Wood, along with Deputy District Director Bryson Patterson and Senior Area Manager Pam Selberg, visited Highmark Federal Credit Union in Rapid City to present them with their award as one of the top SBA 7(a) lenders in South Dakota – 12 loans for $1.5 million!


 

T.H.R.I.V.E. Emerging Leaders Reimagined

thrive

 

Members of the South Dakota District Office stopped by Elevate Rapid City to meet with cohorts of SBA's T.H.R.I.V.E. Emerging Leaders Reimagined program.

T.H.R.I.V.E. Emerging Leaders Reimagined provides complimentary entrepreneurship education and training for executives of high-performing small businesses. Over six months, this intensive executive entrepreneurship training series includes in-person coaching, self-paced instruction, mentoring, and classroom time. The program allows participants to work with a network of experienced subject matter experts in core business topics like accounting, business strategy, marketing, and human resources customized for the unique needs of small business owners.

Since its inception as E-200 in 2008, SBA’s Emerging Leaders has trained over 5,000 small business owners, creating over 11,000 jobs, generating nearly $1 billion in new financing, and securing over $4 billion in government contracts.


 

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 

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

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


 

marketing

 

Tuesday, December 6, 2022                                                3:00 PM - 4:00 PM MST

Have an idea for a business, but are not sure of the market demand? Looking for some new marketing ideas for your current business? A great first step is to identify the gaps in the marketplace to see where your new business fits. A competitive analysis a great way to find those opportunities!

One the major reasons businesses fail is lack of need in the marketplace. Determining that need is tricky. Let Michelle Kane, Director of SD CEO West guide you through her Market Matrix Method to better understand your competition.

She’ll take you step by step on how she creates a simple competitive matrix that can lead to new marketing or product ideas or discoveries about your competition you hadn’t known about or even considered. 

If you have idea for business or ready to look at your business with fresh eyes, join us for the FREE online webinar. 

Register


 

funding

 

Wednesday, December 7, 2022                                       9:00 AM – 10:00 AM CST

Are you launching a startup or wanting to take your business to the next level, and interested in what financing options you have? Then this training is for you! We'll discuss the ins and outs of business lending, when it makes sense and who is a good candidate. Join us and learn about the business lending solutions offered by Grow South Dakota.

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


 

Julie Johnson

 

Tuesday, December 13, 2022                                           10:00 AM - 11:00 AM MST 

The South Dakota Legislature is set to convene in Pierre on January 10 for a two-month session. Interested in knowing what’s on the table that could impact your business or organization?  

SD CEO welcomes back, Julie Johnson, who will go through what small businesses and workplaces need to know with this upcoming legislative session. Julie Johnson is an Aberdeen based lawyer, Registered Lobbyist at the SD Legislature.  

Attendees will have the opportunity to ask questions during the webinar. Early questions can be submitted to Bailey.Jo.Sadowsky@BHSU.edu

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