Friday, March 15, 2019

small business administration

small business administration


Rubio-Cardin bill would bolster cybersecurity at the Small Business Administration - Inside Cybersecurity

Posted: 14 Mar 2019 03:08 AM PDT

Daily Briefs

March 14, 2019 |

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Senate Small Business Chairman Marco Rubio (R-FL) and ranking member Ben Cardin (D-MD) introduced legislation Wednesday to bolster information technology systems at the Small Business Administration against cyber attacks, while Rubio and Sen. Jeanne Shaheen (D-NH) introduced a separate bill to create a small business workforce training program.

Rubio and Cardin's SBA Cyber Awareness Act would require the SBA to develop an "agency cyber strategy" and to identify actions taken to mitigate any identified cyber threats and data breaches,...


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FEMA funds spent in our area since Hurricane Florence - WWAY NewsChannel 3

Posted: 14 Mar 2019 02:50 PM PDT

Hurricane Florence on Sept. 20, 2018. (Photo: NCDOT)

SOUTHEASTERN NC (WWAY) — Hurricane Florence survivors in North Carolina have received more than $1.2 billion in federal funding, according to FEMA.

That number includes $593 million in FEMA flood insurance payments on 15,000 claims, $128 million in grants for temporary rental assistance, basic home repairs, and other needs not covered by insurance for 34,500 households and $395 million in Small Business Administration disaster loans for 9,800 homeowners, renters and businesses.

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Here's how those numbers break down in our area.

New Hanover County at a glance:

Since the federal disaster declaration for Hurricane Florence, New Hanover County residents and local governments have been approved for about $104 million in disaster funds:

  • $11.9 million in FEMA grants have gone to 4,438 homeowners and renters.
  • 1,552 FEMA flood insurance claims have been filed. $31.1 million in claims have been paid.
  • More than $53.5 million in U.S. Small Business Administration disaster loans have been approved for 1,548 homeowners and businesses.
  • FEMA has provided about $7.6 million to the state to help local governments in New Hanover County with Hurricane Florence-related expenses.
  • New Hanover County has been approved for FEMA Direct Temporary Housing Assistance. Travel trailers and manufactured housing units have been provided for 15 families.
  • The State Housing Recovery Center for New Hanover County is located at 1241 Military Cutoff Road, in Wilmington and is open from 9 a.m. to 5 p.m. Monday through Friday.

Pender County at a glance

Since the federal disaster declaration for Hurricane Florence, Pender County residents and local governments have been approved for about $128 million in disaster funds.

  • $16.9 million in FEMA grants have gone to 2,676 homeowners and renters.
  • 1,277 FEMA flood insurance claims have been filed. $62 million in claims have been paid.
  • Nearly $46.7 million in U.S. Small Business Administration disaster loans have been approved for 815 homeowners and businesses.
  • FEMA has provided more than $3.3 million to the state to help local governments in Pender County with Hurricane Florence-related expenses.
  • Pender County has been approved for FEMA Direct Temporary Housing Assistance. Travel trailers and manufactured housing units have been provided for 228 families.
  • The State Housing Recovery Center for Pender County is located at the Shiloh Columbia Volunteer Fire, 19170 U.S. Hwy 421, in Willard and is open from 8 a.m. to 5 p.m. Monday through Friday.

Brunswick County at a glance

Since the federal disaster declaration for Hurricane Florence, Brunswick County residents and local governments have been approved for about $56 million in disaster funds:

  • More than $7.2 million in FEMA grants have gone to 1,908 homeowners and renters.
  • 1,063 FEMA flood insurance claims have been filed. $22.7 million in claims have been paid.
  • Nearly $26.2 million in U.S. Small Business Administration disaster loans have been approved for 667 homeowners and businesses.
  • FEMA has provided nearly $372,000 to the state to help local governments in Brunswick County with Hurricane Florence-related expenses.
  • Brunswick County has been approved for FEMA Direct Temporary Housing Assistance. Travel trailers and manufactured housing units have been provided for 26 families.

Columbus County at a glance

Since the federal disaster declaration for Hurricane Florence, Columbus County residents have been approved for about $26 million in disaster funds:

  • Nearly $6 million in FEMA grants have gone to 1,785 homeowners and renters.
  • 298 FEMA flood insurance claims have been filed. $12.9 million in claims have been paid.
  • More than $7.7 million in U.S. Small Business Administration disaster loans have been approved for 250 homeowners and businesses.
  • Columbus County has been approved for FEMA Direct Temporary Housing Assistance. Travel trailers and manufactured housing have been provided for 20 families.

Bladen County at a glance

Since the federal disaster declaration for Hurricane Florence, Bladen County residents have been approved for about $12 million in disaster funds:

  • More than $3.3 million in FEMA grants have gone to 1,038 homeowners and renters.
  • 92 FEMA flood insurance claims have been filed. $4.7 million in claims have been paid.
  • Nearly $4.1 million in U.S. Small Business Administration disaster loans have been approved for 149 homeowners and businesses.
  • Bladen County has been approved for FEMA Direct Temporary Housing Assistance. Travel trailers and manufactured housing units have been provided for four families.

Journey for women entrepreneurs full of risk, determination and support - Auburn Reporter

Posted: 14 Mar 2019 11:30 AM PDT

By Jeremy Field, regional administrator, Pacific Northwest, U.S. Small Business Administration (SBA)

Imagine being a business owner applying for loan and being told in order to qualify for financing you need a male co-signer. Believe it or not, this was legal in some states as recent as the 1980s until the passage of The Women's Business Ownership Act in 1988.

It's hard to believe practices like this have existed in our lifetime. But if you listen to women entrepreneurs, stories like this are common. They demonstrate the journey for women entrepreneurs is challenging and requires strength, grit and perseverance. During Women's History Month, we salute women entrepreneurs who take risks in pursuit of their passions and who see setbacks as steps to something bigger and better.

According to the most recent U.S. Census Bureau Survey of Business Owners, there are nearly 188,000 women-owned small businesses in Washington state. And that number is on the rise. In fact, there was an 18.8 percent increase from the previous survey.

While we've made progress from the days of unfair lending laws, there is still much work to be done. That is why the U.S. Small Business Administration has several programs to narrow the gap and make resources and success more accessible to women entrepreneurs.

One of the ways we do this is through our network of Women's Business Centers (WBCs). These centers seek to level the playing field for all women entrepreneurs, who still face unique obstacles in the business world.

Businesses that receive assistance from WBCs – like the Washington Women's Business Center in Seattle – see a significantly better success rate than those without similar support. Through our WBC network, women entrepreneurs receive technical training, one-on-one business advising, and the resources they need to confidently and successfully start and grow their business.

A second way the SBA works to level the playing field for women is through government contracting. Every year, the federal government spends billions of dollars on goods and services. The government has a goal that 5 percent of federal contracts be awarded to women-owned small businesses, a goal we want to meet and exceed.

By obtaining a Women-Owned Small Business or Economically Disadvantaged Women-Owned Small Business certification at certify.sba.gov, those businesses are then eligible to compete for set-aside federal contracts. This can really open the door for a small business to expand substantially. In fact, during FY 2017, a total of $20.8 billion in prime government contracts were awarded to women-owned small business supporting more than 115,000 jobs. And more than 82,000 jobs were created or supported through the $15 billion in federal subcontracting to women-owned small businesses.

Finally, SBA district offices – together with our network of resource partners – provide opportunities for direct access to lenders and industry experts. They host lender panels, access to capital workshops and free events like The Million Dollar Women's Panel in Seattle on March 22.

Knowing the right person can make a world of difference. We want to do everything we can to connect women entrepreneurs with the right people so they can spend less time trying to get a seat at the table and more time growing their business.

While March is a time for us to reflect on the history of women in our country, it's also a time to look forward. Today we stand to support women entrepreneurs so that we can have a future of equality and thriving businesses owned by our country's most determined and innovative women.

Jeremy Field is the regional administrator for the U.S. Small Business Administration (SBA) Pacific Northwest Region. The SBA empowers entrepreneurs and small businesses with resources to start, grow, expand or recover.

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