Small Business Administration Vermont Today, Administrator Isabella Casillas Guzman, head of the US Small Business Administration and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, directed the Agency to provide additional deferment of principal and interest payments for existing COVID Economic Injury Disaster Loan program Borrowers for a total of 30 months deferment from inception on all approved COVID EIDL loans.
The extended deferment period will provide additional flexibility to small business owners impacted by the pandemic, especially those in hard-hit sectors managing disruption with recent variants, as well as recent supply chain and inflation challenges amid a growing economic recovery.
Since its inception, the COVID EIDL program, a federal disaster relief loan, has allocated more than $351 billion in relief aid to 3.9 million borrowers, including to the smallest of small businesses from historically underserved, disadvantaged communities.
BTV Climate Tech Firm Sold
Some mission-driven entrepreneurs could never imagine selling their growing business, whereas other entrepreneurs start an enterprise with the primary goal to sell it one day.
Women-Owned Small Business Certification Workshop March 22
The Small Business Administration and the Vermont Procurement Technical Assistance Center are hosting a free workshop at 11 a.m. March 22 about federal Women-Owned Small Business certification. The workshop is part of Women’s History Month.
The federal government has a reoccurring goal to spend not less than 5% of the total value of all prime contract and subcontract awards each fiscal year with women-owned small businesses. In FY2020, $27 Billion of eligible prime contracting dollars went to WOSBs!
This workshop is a deep dive into the new process SBA uses to certify Women-Owned Small Businesses. SBA ceased accepting self-certification for WOSB in 2020. Find out if you are qualified to participate, how to certify your business, and where to get help with the process.
Discussion topics include:
- WOSB overview
- WOSB certification benefits
- WOSB eligibility requirements
- WOSB online certification process
- WOSB documentation submission requirements
- SBA WOSB tools & resources
- VT PTAC available assistance with the application process
To register, visit https://vtptac.ecenterdirect.com/events/856.
Explore The Mystery Of Intellectual Property Workshop March 16
The Vermont Law School is hosting a free workshop about intellectual property law at 12:30 p.m. March 16.
Learn the differences between copyright, patent, trademark and trade secret.
The speaker is Oliver Goodenough who has taught intellectual property at Vermont Law School, Dartmouth College, and the University of Vermont. He is also involved in an emerging business, serving on the board and as an officer of a company applying artificial intelligence approaches to questions of law and finance.
The workshop is part of Community Navigator, which offers free technical assistance to businesses and organizations impacted by COVID-19 trying to adapt to new practices, retrofit their physical spaces and access new technology.
To register, visit here.