Monthly Archives: May 2020

Special Announcement: America’s SBDC Starts New Federal Resource for Small Business

On March 27th, 2020 the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress with overwhelming, bipartisan support and signed into law by President Trump. 

 In April 2020 under the CARES Act and with the support of U.S. Small Business Administration (SBA), America's SBDC and the Association of Women’s Business Centers (AWBC) were awarded a grant to develop a new website that provides small businesses with access to a consolidation of COVID-19 related information and resources from multiple federal agencies. The grant also supports a new training platform for small business advisors. 

The project, titled “Resource Partners Training Portal (RPTP)” requires two centrally controlled but independent functions. The first is a web platform containing information to assist small business with surviving and recovering from the effects, physical, financial and economic of the Covid-19 pandemic. This centralized platform will consolidate information obtained from multiple federal agency resources and make it accessible in an organized format with searchable functionality. 

The other function of the website will be a training and learning platform for SBDC, WBC, SCORE and VBOC advisers. Recognizing the urgency of this project due to the economic pressures on small business concerns, America's SBDC and AWBC envision the project rolling out in multiple phases, prioritizing the needs of small business concerns.

The training platform for small business advisors will feature live content, author interactive learning experiences, support of SCORM content, forums, communication and collaboration features and more. chat feature for learner collaboration. The expected launch date for the training platform is June 2020.

The public website, COVID-SB.ORG is now live and can be accessed by anyone looking for federal information related to COVID-19 and small business.

The RVA Small Business Relief Fund

The RVA Small Business Relief Fund application window is now open!

ChamberRVA and Facebook collaborated to create the RVA Small Business Relief Fund to provide immediate financial relief to the region’s small businesses in the form of unrestricted grants. Funds may be used to support rent, employee salaries, and operating costs as a stop-gap relief pending the release and distribution of anticipated federal and state aid.

The RVA Small Business Relief Fund is open to all qualifying applicants.

Criteria:

  • Based in the Richmond Region
  • Employ between 2-25 FTE (full time equivalent) employees
  • Have demonstrated negative financial impact from COVID-19
  • Have demonstrated need for working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar operational expenses that occur in the ordinary course of business
  • Have demonstrated a focus on reopening as COVID-9 guidance and restrictions allow.
  • Apply Here

Application window will close Tuesday, May 19, 2020 at 5:00 p.m.

Visit the RVA Small Business Relief Fund page for more information.

New Webinar Series: Refocus and Rebuild | Thursdays, May 7-May 28 | Noon EST 

These webinars are co-presented by The Virginia Small Business Development Centers, Virginia Community CapitalGENEDGE ,
Southwest Virginia Alliance for Manufacturing (SVAM), and the University of Virginia's College at Wise

A series of workshops to help businesses get ready and prepared to re-open after COVID-19 including updated regulations, supply chain updates, marketing, accounting/insurance, employment and more. You can register for 1 or all webinars in this series. Register Here: https://www.virginiasbdc.org/training-2/live-webinars/

May 7 - Session 1 = Different Needs for Different Businesses - How to Prepare for Reopening.

May 14 - Session 2 = New Rules for Managing, PPP Fund Management and Challenges of doing business Post COVID-19.

May 21 - Session 3 = Marketing Your Business Post COVID-19.

May 28 - Session 4 = Employment Challenges Post COVID-19.

Virginia SBDC