Celebrating AAPI Heritage Month
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New Date! Business Recovery: Rebuilding Your Business Post COVID-19
Wondering what comes next for your business? If you are interested in learning about strategies for quick adaptation to changed market conditions, reopening businesses and/or establishing new businesses or lines of business, this Lean Recovery™ training workshop on May 25 is for you.
Register today.
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IP Summer Series
Take advantage of Georgia Tech Library’s Patent and Trademark Center six-week intellectual property series. Led by OSPTO experts, these 10 workshops are online, free, and open to the public.
Learn more.
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WEI Invites Female Entrepreneurs to the Tech Tip Off
If you are a female entrepreneur, you are invited to participate in the Women’s Entrepreneurship Initiative (WEI) Tech Tip off--a series of workshops hosted by industry leaders. Women who attend at least four workshops will be eligible to participate in a pitch competition, with grants from $1,000-$15,000.
Click here to register.
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ADVANCED MANUFACTURING CENTER
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Government Assistance for SE Manufacturers
The Trade Adjustment Assistance for Firms (TAAF) is the only federal program specifically designed to help American manufacturers that have been hurt by foreign competition. To qualify for TAAF and up to $75,000 of matching funds, a manufacturer must be experiencing declines in sales and employment, as well as losing business to imports. To learn more about the TAAF program, visit www.setaac.org or contact Tracy Barth at (770) 531-4550 or tracy.barth@innovate.gatech.edu.
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In Celebration of AAPI Heritage Month
Brain Power to Business Power
Sridhara Gutti
Founder
Essnova Solutions
Mr. Sridhara Gutti has possessed entrepreneurial ambitions from a young age and was consistently focused on the goal of leveraging his full intellectual potential to work on building something impactful. He started his career in the geospatial field and furthered his education at the Goizueta Business School at Emory University and Tuck School of Business at Dartmouth. Mr. Gutti eventually started his own company, Essnova Solutions, Inc., in 2005, which held the original mission of providing innovative solutions for power companies and utilities.
Read more.
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 Amex Puts $40M into Fund for Small Business Owners of Color
American Express and Accion Opportunity Fund - a leading nonprofit Community Development Financial Institution (CDFI) small business lender - announced a new program to provide loans and other resources to underfunded small business owners in the U.S.
Read more.
SOAR Fund for Small Businesses
The Southern Opportunity and Resilience (SOAR) Fund will provide affordable capital to the smallest of small businesses and nonprofits and those that have been historically underbanked, including women, people of color, immigrants, and those in rural communities across the South. Nonprofits and small business owners with fewer than 50 full-time employees can apply now for very low interest loans of up to $100,000 and free business support.
Learn more.
SBA Grants & Funding
SBA PPP Extended to May 31
The PPP Extension Act of 2021 allows for an additional two months of the Paycheck Protection Program (PPP) until May 31, 2021, and then provides an additional 30-day period for the SBA to process applications that are still pending.
Shuttered Venue Grant Application Opens April 8
The SBA launched a splash page for the application portal where small business owners of eligible venues may apply for the Shuttered Venue Operators Grant (SVOG) starting April 8. Eligible entities that applied for a Paycheck Protection Program loan after Dec. 27, 2020 can also apply for the SVOG, with the eligible entity's SVOG reduced by the PPP loan amount.
EIDL Lending Limits Increased
Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury with a maximum loan amount of $500,000.
EIDL Extends Deferments Until 2022
The SBA announced extended deferment periods for all disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until 2022. Read more.
Does Your Small Business Qualify for the EIDL?
The SBA is reaching out to small businesses that qualify for the COVID-19 targeted Emergency Injury Disaster Loan (EIDL). Funds of up to $10,000 may be available to applicants. Click here to learn more.
Review Changes to the Paycheck Protection Program
The SBA has made key changes to the Paycheck Protection Program. Review these recent recordings to learn about these changes and what they mean for your business.
View Important Recordings - SBA PPP Webinars
What First & Second PPP Draws Mean for You
The Paycheck Protection Program from the SBA is designed to provide direct incentive for small businesses to keep employees on the payroll. Please contact Sky Capital Ventures at (404) 232-9295 for more information. Click here to read more. Click here to listen to the recent SBA PPP Webinar.
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Upcoming Events
Women Veteran "GOVCON" Boot Camp Accelerator
Applications are open for the PenFed Foundation’s Veteran Entrepreneur Investment Program (VEIP) that will engage established entrepreneurs with businesses in government contracting through free, business-focused education sessions, coaching, networking and more.
Learn more.
Small Business Tax Credits for Vaccination PTO
Offer paid time off to your employees for COVID-related purposes like vaccinations and you may be eligible for tax credits. The American Rescue Plan is providing a new paid leave tax credit that will offset the cost for employers with fewer than 500 employees to provide full pay for any time their employees need to get a COVID-19 vaccination or recover from that vaccination.
Learn more.
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Georgia Tech Resources Available for You
Get to know the greater Georgia Tech community and the multitude of benefits available to you that can only be accessed by partnering with a leading research and engineering institution. Read more.
Looking for Our Event Recordings?
If you’ve missed an event or are looking to listen to an event you’ve attended, Atlanta MBDA Centers Recorded Webinars and Podcasts are available here.
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This newsletter is part of the Atlanta MBDA Business Center CARES Act program
and is funded by the U.S. Department of Commerce MBDA through the CARES Act.
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