A town hall focused on a frank discussion with minority business owners on the impact of the COVID-19 crisis on their business, how are they coping, what can corporate customers do to support them and what advice can they give to other MBEs. What do the federal, state and local governments need to do to support minority businesses? We will be taking questions during this virtual town hall. We welcome your participation, questions and insights on what your companies are doing. We want to hear from you!
A growing number of companies are offering their online tools, classes and resources at no cost in response to the impact on small business owners from the coronavirus. Below is a link to a list that Inc. is curating and continuously updating.
Monday, March 23, 2020 – U.S. Small Business Administration Administrator Jovita Carranza announced changes to help borrowers still paying back SBA loans from previous disasters. By making this change, deferments through December 31, 2020, are now automatic. The changes mean borrowers of home and business disaster loans do not have to contact SBA to request deferment.
“The SBA is looking at every option and taking every action to cut red tape to make it easier for small businesses to stay in business. Automatically deferring existing SBA disaster loans through the end of the year will help borrowers during this unprecedented time,” said Administrator Carranza. “Today’s announcement adds a list of growing actions the SBA is taking to support small businesses.”
“These actions include making it easier for states and territories to request a declaration so small businesses statewide can now apply for economic injury disaster loans,” added SBA Mid-Atlantic Regional Administrator Steve Bulger who oversees the agency’s operations in Pennsylvania, West Virginia, Virginia, Delaware, Maryland and the District of Columbia. “This is another way the SBA is working around the clock to find ways to assist small businesses.”
- March 17, 2020: SBA Updates Criteria on States for Requesting Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)
- Visit SBA.gov/Coronavirus for more information on SBA’s assistance to small businesses.
71 percent of small- to medium-sized businesses are addressing the forecasted slow growth by making long-term plans, taking into account anticipated technological, demographic and economic changes over the next 5-10 years*.
A secure, sustainable approach to technology and innovation will help business owners combat future challenges, including talent retention, cybersecurity and an uncertain economy.
In this webcast hosted by The Business Journals, you will learn:
- Today’s technology trends for small businesses
- How to collaborate and communicate securely
- Insights on harnessing technology to maintain productivity and innovation
Follow the link below to register:
NMSDC’s Live Town Hall: How Can MBEs Survive the Impact of COVID-19?
As this health emergency continues to unfold, NMSDC is fortifying its advocacy and its commitment to meeting the needs and concerns of MBEs. Our transformed mission is even more vitally important than ever – today, tomorrow, and beyond. This Town Hall is a component in that mission. We need to hear your questions, your concerns, and your ideas. With your feedback, we can work more. effectively as a network.
Moderating the Town Hall is Monika Mantilla – President/CEO of Altura Capital and Co-Founder and Managing Partner of Small Business Community Capital (SBCC). Monika is uniquely valuable in leading this discussion – a MWBE who is a leading national figure in societal transformation through entrepreneurial success by providing capital and expanding opportunity to promising entrepreneurs.
Watch the broadcast now at https://www.facebook.com/100003259330325/videos/2737270433058241/