Small Business

SBA: Second Annual Small Business Cyber Summit Scheduled During Cybersecurity Awareness Month

Experts from the Cybersecurity and Business Worlds Convene to Share Best Practices and Practical Tools The U.S. Small Business Administration (SBA) announced today that the agency will host a cyber summit in October 2023. The free cybersecurity series supports America’s 33 million small businesses with tools, tips, and resources from multiple federal agencies to bolster their…

SBA: Applications Open for Small Business Lending Company License

Expanding the number of Lenders to increase access to small, affordable loans for millions of small business owners Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33.2 million small businesses in President Biden’s Cabinet, opened a window for new applications for Small Business Lending Company (SBLC) licenses for the first time…

SBA: New Initiative to Launch to Increase Federal Contracting with Small Disadvantaged Businesses

8(a) MAS Pool Initiative Will Help More 8(a)-certified Firms Gain Access to Federal Contracting Opportunities Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), and Administrator Robin Carnahan, head of the U.S. General Services Administration (GSA), announced a joint effort, known as the 8(a) MAS Pool Initiative, to help small disadvantaged businesses (SDBs) participating in the…

SBA: 2023 Growth Accelerator Fund Competition Stage One Winners Announced

Opportunity for organizations to partner with Stage One winners in Stage Two for up to $5 million in total additional prizes to strengthen innovation ecosystems nationwide Today, Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA) 2023 Growth Accelerator Fund Competition Stage One “Catalyze” winners to fund and build strategic ecosystem partnerships for forty organizations across the…

EDA: First Economic Development District Designated in Puerto Rico

Today, U.S. Deputy Secretary of Commerce and Puerto Rico Economic Growth CoordinatorDon Graves announced that the Department’s Economic Development Administration (EDA) has designated the first regional Economic Development District (EDD) in Puerto Rico, the Southern Puerto Rico Economic Development District (SPREDD). “President Biden is committed to ensuring that no community or demographic group is excluded from…

SBA: Virtual Military Spouse Entrepreneur Summit Scheduled for May 25th

The U.S. Small Business Administration’s Office of Veterans Business Development will host a virtual Military Spouse Entrepreneur Summit in collaboration with the U.S. Chamber of Commerce Foundation’s Hiring Our Heroes on Thursday, May 25, from 1-3:30 p.m. ET. This event furthers the priorities set forth by First Lady Jill Biden’s Joining Forces initiative. This free event will connect military spouses with…

SBA: New Development and Improvements on Loan Program Modernization Announced to Expand Access to Capital for Small Businesses

Program Improvements will expand access to capital for small businesses, especially small-dollar loans, and increase protection against fraud as part of rulemaking finalized in April Today, following the recent finalization of two new rules aimed at closing gaps in capital access for America’s small business owners, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the…

SBA: Second Annual America’s Seed Fund Week Connecting Entrepreneurs to Early-Stage R&D Funding Announced

America’s Seed Fund Week brings together tech startups and America’s Seed Fund agencies and resources to support economic growth Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, announced the 2nd annual America’s Seed Fund Week. Taking place from May 15 – 18, the…

EDA: $729,560 Invested to Boost Minority-Owned Business Growth in Mobile, AL

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $729,560 grant to Vivian’s Door, Mobile, Alabama, to provide technical assistance to minority-owned and distressed local businesses. This grant will support the Vivian’s Door Initiative to continue to build the capacity of small business owners, with a focus on marginalized and underserved…

SBA: Expanded Support for Veteran Small Business Owners Announced

Today, the U.S. Small Business Administration (SBA) announced $3.5 million in grant awards to support outreach organizations focused on veteran small businesses. The grants provide critical funding to create new Veterans Business Outreach Centers (VBOCs) in Alaska, California, Colorado, Iowa, Nebraska, Nevada, and South Carolina, strengthening training and counseling services for aspiring and existing veteran and military…