The Regional Economic Development Center (REDC) announced today it will host the THRIVE Competition Series, a collection of business competitions that will provide money and momentum to help growing small businesses thrive in New Hampshire. To commemorate its 30th anniversary, REDC will award a total of $30,000 in grant prizes through four different competitions.
City of Portsmouth, NH’s Post
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Resources and grants to support small business owners! St. Louis Park recognizes that businesses are essential for a strong local economy. Here are some resources to help businesses succeed: 📌 Business Council – The St. Louis Park Business Council meets the first Thursday of each month. 📌 Elevate Hennepin – Through this program, businesses can access no-cost advising, find business events and identify business-support services. 📌 GreaterMSP – A regional economic development agency that promotes job creation, provides regional marketing and assists in business expansion and recruitment. 📌 Minneapolis Regional Chamber – Works to improve the business environment and provides networking and professional development services. 📌 Minnesota Department of Employment and Economic Development (DEED) Small Business Hub – One-stop-shop for all of DEED's resources for small business including financing, starting a business, resource guide and expansion assistance. 📌 Open to Business program – Free, one-on-one, confidential business consulting to help entrepreneurs gain access to technical assistance and financing options. 📌 Small Business Development Center, University of St. Thomas – Provides no-cost business consulting to help develop business plans and strategies, attract customers, increase sales and improve profitability. 📌 SCORE – Provides free and confidential advice to entrepreneurs and small business owners in every industry. 📌 Grants.gov – A federal government website that collects and lists various grant opportunities for businesses, non-profits and local governments. 📌 CHIPS Act – Funding programs and tax credit opportunities. 📌 Small Business Administration – 7a lending program for small-business capital needs. Learn more at https://lnkd.in/gvgnnN7Y #SmallBusiness #SmallBusinessOwners #SmallBusinessHelp #StLouisParkMN
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Did you know this week marks #SmallBusinessWeek, which celebrates the more than 33 million small businesses that power our economy? We join President Joe Biden and the U.S. Small Business Administration in honoring our small business community. Tell us: which local small businesses are you supporting this week? #PCCSBDC #AmericasSBDC #OregonSBDC #NationalSmallBusinessWeek #ShopLocal
A Proclamation on National Small Business Week, 2024 | The White House
whitehouse.gov
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Head of Technology @ CreativeGuru AI| Software Project Management Creativeguru.ai creates compelling ideas and distributes them across all your communications channels.
Covington's innovative Small Business Program is creating a buzz in the business world, effectively supporting new and growing businesses while preserving the city's historical heritage. The program, which offers diverse incentives from rent subsidies to forgivable loans for commercial improvements, is already significantly benefiting the local business community. Golden Gelato, a popular local dessert shop, is one of the beneficiaries of the Historic Signage grant, enhancing their storefront while maintaining the city's charm. The program's impact is not limited to new businesses. It also supports existing businesses planning substantial expansions, thus fostering growth and innovation in Covington's economy. With 132 projects supported since its inception in 2022, the program is driving job creation and contributing to the diversity of the local business landscape. Interestingly, a significant proportion of the businesses supported are owned by minorities, women, and military veterans, demonstrating the city's commitment to equal opportunities. The program's effectiveness has been recognized with an award from the International Economic Development Council in 2021, a testament to its contribution to the city's economic development. As the application deadline for the next round of incentives draws near (December 29), now is the time for businesses to seize this opportunity. Covington's Small Business Program is a shining example of how cities can invest in their business communities to ensure prosperity and growth. What are your thoughts on this initiative? Please share your views in the comments. Original article: https://lnkd.in/eFd9Gkb8
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Tomorrow is the deadline! Share this information with any D1, D5, D6, D7, D9businesses who could benefit: Council President Darrell O’Quinn, President Pro Tem Wardine Alexander and Councilors Clinton Woods, Crystal Smitherman and LaTonya Tate all contributed $27,500 from their office’s American Rescue Plan Act funding. The Penny Foundation will disperse more than 11 business grants per district in contributions of $1,000 and $2,500 to each organization. The initiative is aimed to assist small businesses respond to the negative economic impacts of the COVID-19 public health emergency. Proposed use of the grants include: • Portion of costs to retain employees. • Mortgage, rent, utilities. • Design services for future building improvements and developments. • Building improvements and developments. • Business Capacity Building – Adaptation • Other operating costs. “It’s hard to imagine where we would be as a society without small businesses that are owned and operated by members of our community,” Council President Darrell O’Quinn said. “It’s no secret that these businesses have faced unprecedented challenges during the COVID-19 crisis and beyond. It’s crucial that we continue to rally behind these resilient entrepreneurs, providing them with the support and resources they need to rebuild and thrive once again. Investing in small businesses isn’t just an economic imperative; it’s an investment in the heart and soul of our communities.” Eligible business applicants must: • Own a small business with a valid business license in Birmingham’s District One, District Five, District Six, District Seven, or District Nine. • Be currently active and open for business, and able to show proof of operation before February 15, 2020. • Agree to implement proposed services or upgrades within one month of the awarded grant. • Have less than 25 employees (micro-business or small business).
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When small businesses thrive, we all thrive, but we're nowhere near where we need to be. A recent article in the Boston Business Journal, co-written in part by our CEO, Betty Francisco, talks about the major challenges small businesses face. Data provided through the MA Small Business Survey by the Coalition for an Equitable Economy. Here's the things: ➡ 50% of small businesses throughout Massachusetts say interest rates are a key challenge (up from 15%) ➡ 27% say unfavorable repayment terms are a barrier (up from 10%) ➡ 61% of small businesses say they have one or more positions open, and cost of living and housing are a barrier ➡ Challenges are greatest among businesses owned by Black and Latino entrepreneurs Here's the solution: ✅ Compete for small businesses to start, stay and grow in the state and maintain our skilled workforce ✅ Expanding funding for business development and expansion efforts through flexible, low cost debt, structured equity and grants ✅ Addressing housing affordability ✅ Establish a technical assistance support system that provides small businesses with coaching, education, advisory services, and networking opportunities Read the full article: https://lnkd.in/eQJzKAEy
Commentary: Investing in small business is key to Mass. economic growth - Boston Business Journal
bizjournals.com
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Explore the America's SBDC 2023 Annual Report to learn more about the impact the nationwide network of Small Business Development Centers (SBDCs) has on not only local small businesses and aspiring entrepreneurs, but also on the communities in which they operate. SBDCs provide immediate and ongoing support and resources for small businesses to grow and thrive. https://lnkd.in/grfVEEy2
America's SBDC 2023 Annual Report
sbdcimpact.org
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America’s SBDC Launches New Annual Report and Nationwide Impact Numbers Washington, D.C. – Every year, America’s entrepreneurs take their dreams and ideas and start thriving small businesses with the help of Small Business Development Centers (SBDCs). Through cutting-edge training programs and advising strategies, SBDCs aren’t just helping create new businesses but also helping thousands of others grow. The hundreds of SBDC client success stories in the 2024 America’s SBDC Annual Report and the new national economic impact numbers paint a clear picture of the value and effectiveness of this small business assistance program and its effect on communities all over America. This year’s theme is Nurturing Dreams and Growing Futures. The focus is on how, through dynamic engagement at the local level, SBDCs are helping their clients start and grow their business dreams. Nearly 1,000 SBDCs nationwide provide clients with no-cost business advising services and at-cost training programs. Whatever the business - exporter, government contractor, high-tech, veteran-owned, women-owned, minority-owned, and wherever it is located - in an underserved community, rural or urban, at an accelerator or incubator, brick and mortar, online, or in an area affected by a natural disaster - SBDCs are there earning their reputation for steadfast support. According to the most recent Chrisman Survey, which collected data from clients in 2021-2022, America’s SBDCs provide impressive economic results. Nationwide, SBDCs helped generate 83,329 jobs, $8.4 billion in sales growth, $6.2 billion in financing and helped start 13,910 new businesses - proving that SBDCs are leaders in job creation and economic development. “For 45 years, SBDCs have been nurturing the dream of entrepreneurship in America. This year’s report is a stunning look into the awesome work SBDCs do and the amazing clients they serve in every state, region, and territory,” said Charles “Tee” Rowe, America’s SBDC President & CEO. He continued, “SBDCs continue to provide a return on our investment in the local and national economy, and they continue to rate high with their clients staying true to their reputation as the nation’s #1 most trusted small business assistance network.” America’s SBDCs commitment to nurturing entrepreneurial success underscores that supporting local businesses isn't just about economics; it's about building a better future for everyone in every community. See the America’s SBDC Annual Report online at www.sbdcimpact.org.
America's SBDC 2023 Annual Report
sbdcimpact.org
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Calling all small business owners! Join us for a FREE! day of networking opportunities with entrepreneurs and City staff, insightful workshops, and a keynote from the California State Treasurer Fiona Ma, who will share how California is helping to invest in local communities and small businesses. Lunch will be provided. 🗓: Monday, May 20, 2024 ⏰: 10 a.m. - 2:00 p.m. 📍: San José City Hall Rotunda, 200 E. Santa Clara St. Workshops include: 1. Improve your Loan Approval Odds: Learn about the loan process and get tips to secure funding that can help grow your startup or established business. 2. Small Business Ally Office Hours: Get personalized guidance and expert advice on permits, inspections, and business licenses from San José’s Small Business Ally. Gain clarity and support for your business endeavors. 3. How to use Marketing Tools to Advertise Your Business: Unlock the secrets on how to enhance your online presence and attract customers using tools such as Yelp, Facebook, and compelling photos. Register here: https://lnkd.in/gxsEhwRr #smallbusiness #sanjose
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The Power of Local Partnerships: A Recipe for Success In Lancaster, PA, small businesses have a unique way of thriving. When local businesses team up, they create a support system that can handle anything. That’s why building long-term relationships between small businesses is key to success. Strength in Unity: Having a network of local partners means you’re never alone. When businesses in Lancaster work together, they form a strong team ready to face challenges. This unity helps everyone grow and succeed. Personalized Service: Big companies often lack the personal touch. Small businesses, on the other hand, can offer services that are just right for each customer. This personal approach builds strong connections and ensures everyone feels valued and understood. Economic Growth: Spending money with local businesses isn’t just good for your company; it’s good for the whole community. Every dollar spent locally stays in the area, creating jobs and boosting the local economy. This kind of investment helps everyone in the community thrive. Shared Success: Long-term relationships are built on trust and mutual success. When businesses support each other, they grow together. This shared success strengthens the entire local economy and fosters a sense of community pride and accomplishment. Click here to learn more about how RJW goes the extra mile: https://lnkd.in/ezaQ2vtw
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Great morning USA from a snowy day at the U.S. Capitol! Have you heard the recent excellent news about our resilient U.S. small business owners? From our Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses: “More Americans than ever are pursuing their dreams of business ownership as the rate of new business applications filed and establishments under President Biden continues to surge,” said Administrator Guzman. “In the last year alone, Americans across the country and in a wide range of industries filed a record five and a half million new business applications, bringing the total number under this Administration to a record-breaking 16 million. America’s great diversity continues to propel entrepreneurship with Black, Latino, and women founders starting up at higher rates than ever. As we enter 2024, the SBA will continue its work to increase access to the resources needed to start and grow resilient new businesses, harnessing the unique optimism and ingenuity of American entrepreneurs.” For our official U.S. Small Business Administration announcement, please see https://lnkd.in/emVCHCir.
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