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Photo of Vice President Harris [ [link removed] ]
New Reforms for SBA's Community Advantage Loan Program
On March 30, 2022,?Vice President Kamala Harris and?Administrator Isabella Casillas Guzman?announced impactful reforms to the agency?s Community Advantage loan program, a key SBA tool for Community Development Financial Institutions, Community Development Companies, microlenders and other critical mission-based lending partners, that prioritizes equitable access to capital for low-income borrowers and those from underserved communities.
*Learn more [ [link removed] ]*
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Photo of SBA Administrator Isabella Casillas Guzman [ [link removed] ]
One Year Later: A Conversation with Administrator Guzman on Building a Better America for Small Business and Entrepreneurs
*As appeared on Forbes*
Administrator Isabella Casillas Guzman reflects on her first year anniversary at the SBA, discusses the state of small business and her plans for the SBA in the next year during her interview with Forbes.??
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Illustration of two building with the following text, National Small Business Week, May 1-7, 2022, Building a Better America through Entrepreneurship [ [link removed] ]
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Registration for the 2022 National Small Business Week Virtual Summit, ?Building a Better America Through Entrepreneurship,? is now open.?This year?s NSBW Virtual Summit will feature access to federal resources, educational workshops, and networking to help small businesses pivot, grow, and seize new opportunities. The event is free, but registration is required.
*Register [ [link removed] ]*
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Government contracting [ [link removed] ]
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On March 31, 2022, the SBA published an updated list of eligible industries for federal contracting set-asides for the Women-Owned Small Business Federal Contracting Program based on a recent study analyzing industry gaps for women-owned businesses. The study, commissioned by the SBA, showed that women-owned businesses are underrepresented or substantially underrepresented in the federal marketplace across hundreds more North American Industry Classification System industries. The updated list will support agencies in allocating set-asides for women-owned small business and economically disadvantaged women-owned small businesses across more industries, potentially resulting in hundreds of millions of dollars in additional set-aside opportunities for women entrepreneurs.
*Learn more [ [link removed] ]*
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Small Business Digital Alliance logo [ [link removed] ]
Free Digital Tools for Small Businesses from the SBDA
The Small Business Digital Alliance (SBDA), a new public-private co-sponsorship between the SBA and Business Forward, Inc., published a comprehensive suite of free resources to help small businesses expand their customer base, manage their growth, find and retain talent, and enter new markets. These resources are being provided by some of America?s most respected leaders in business, government, economic development, and other aligned spaces. The SBDA previously announced its first slate of events and national members, including: Amazon, Comcast, Google, Meta, PayPal, Principal Financial Group, Square (Block, Inc.), TriNet, Venmo, Verizon, Visa, and ZenBusiness. Since launching, the SBDA has brought on LinkedIn and Microsoft as national members.
*Learn more [ [link removed] ]*
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Photo of SBA Administrator Isabella Casillas Guzman [ [link removed] ]
Administrator Guzman Announces Expanded Efforts to Crack Down on Bad Actors and Prevent Fraud in Programs
Today, Administrator Isabella Casillas Guzman announced an all-hands-on-deck, multi-faceted expansion of efforts to identify and support the SBA Inspector General?s recovery of fraudulently obtained COVID economic relief funds and to prevent potential future theft of taxpayer dollars. Key measures include:?
* The designation of Peggy Delinois Hamilton to a new role as SBA Special Counsel for Enterprise Risk to advise Administrator Guzman on fraud and risk management activities across the Agency.
* The creation of the SBA?s Fraud Risk Management Board to provide anti-fraud oversight and coordination.
* Consistent with new efforts to bring bad actors to account for their fraudulent acts, the SBA fully supports the work of the Interagency COVID-19 Fraud Enforcement Taskforce and DOJ?s Chief Pandemic Prosecutor and Director for COVID-19 Fraud Enforcement. The SBA believes these new initiatives can enhance the Agency?s fraud risk framework and further strengthen its fraud risk mitigation efforts.
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Photo of people at a table with the following text, Women's Business Center. The SBA logo is at the bottom. [ [link removed] ]
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Earlier this week, the SBA?announced the launch of the 141st Women?s Business Center in Anchorage, Alaska that will be operated by the Seattle Economic Development Fund. With this new WBC, the SBA will have officially opened a WBC in all 50 states and Puerto Rico.
*Learn more [ [link removed] ]*
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8a tile [ [link removed] ]
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Are you an 8(a) certified small business looking to win your first federal contract or increase your chances to win the next contract? Join the U.S. Nuclear Regulatory Commission and the SBA for a free virtual event on April 7, 2022 that will cover best practices and available resources for 8(a) companies to grow their business.?
*Register [ [link removed] ]*
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Illustration of a laptop with text that includes, PPP Forgiveness Portal [ [link removed] ]
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*Paycheck Protection Program borrowers:* If your loan is $150,000 or less, you may be eligible to apply for direct forgiveness through SBA using our?*online portal [ [link removed] ].* Follow the steps below.
* *Find out* [ [link removed] ]?if your lender is participating.?
* Watch a *video [ [link removed] ]?*about how to use the portal.
* *Apply [ [link removed] ] *for forgiveness.
For additional information, visit the* SBA website* [ [link removed] ].
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Text: Help businesses fully reopen. Get vaccinated. Find vaccines near you at vaccines.gov. Illustration: businesses on main street [ [link removed] ]
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Thanks to vaccines, small businesses across America have opened back up. Keep the momentum going by getting vaccinated.?*Find a vaccine provider near you [ [link removed] ]*.?
*Learn more [ [link removed] ]*
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