When the Restaurant Revitalization Fund opens on April 8, applicants will be required to provide two key registration numbers that may be unfamiliar to restaurant owners: SAM and DUNS.

This SBA program is expected to receive more applications than it can fund. Applicants should do everything in their power to be prepared NOW. To ensure that you have the required DUNS and SAM numbers when the applications he application process opens and can apply quickly, you need to begin the process now.

Use these documents to expedite the process now.

Here is a webinar the SBDC state office produce about the fund: https://www.youtube.com/watch?v=3Y8-Lebuy4I&feature=youtu.be

Here are the slides from that presentation: https://www.virginiasbdc.org/wp-content/uploads/2021/03/RRF_3.18.pdf

For more on these and other COVID-19 funding options, visit https://cvsbdc.org/covid-19-resources.

The Central Virginia Small Business Development Center and the University of Virginia Career Center have extended their partnership and the PROPEL program.

UVA Students have the opportunity to work together on project teams, solving actual problems for local businesses.

Check out the recent coverage from CBS19 here.

or

See if your business can benefit by applying here.

New year, more great programming from the CVSBDC! Take a look at these upcoming events where you can learn what you need to help your business succeed.

• Pivoting to e-Commerce Sales – Orange County Businesses: Jan. 5
Learn more about how to set up your website and e-commerce platform for business success. Register HERE.

• Starting Your Business: Jan. 12
We review the steps for a successful start, the registrations and regulations, and the components of sound business planning, including financial projections. Register HERE.

• Finding Opportunities in Federal Government Contracting: Jan. 14
In this workshop, we’ll give an overview of how to find and select the right federal contracts for your company to pursue. Register HERE.

• Starting Your Business: Jan. 28
We review the steps for a successful start, the registrations and regulations, and the components of sound business planning, including financial projections. Register HERE.

Governor Ralph Northam recently announced that he is directing an additional $30 million to support the expansion of Rebuild VA, a grant program to help small businesses and nonprofits affected by the COVID-19 pandemic. The additional funds will allow for:

• expanded eligibility criteria to include businesses with less than $10 million in gross revenue or fewer than 250 employees
• increased maximum grant awards from $10,000 to $100,000

For additional information about eligible expenses and how to submit an application, Rebuild VA.
To view a helpful webinar which discusses the grant changes and also includes a Q & A session, View Webinar.
If you still have questions or need assistance in completing the application, we are here for you! Please call our Client Services Coordinator, Donna Clark, at (434) 295-8198 to schedule a meeting with one of our knowledgeable Business Advisors.

Interested in Federal Government Contracting?

This new webinar from the Central Virginia Small Business Development Center will give you strategies and tips for securing federal business.

Join Lisa Wood, Director of the Virginia Procurement Technical Assistance Center (PTAC), for this informative presentation – a “must” for those who are considering the Federal Government contracting market and want to learn how to prepare for/navigate this huge potential market.  The class offers tips and tricks on how to win Federal business.

Lisa Wood is the Statewide Director of the Virginia Procurement Technical Assistance Center (PTAC) hosted by George Mason University. Prior to that, she served as the Statewide Director with the Connecticut and Ohio PTAC programs and was also Director for the Northwest Commission PTAC in Pennsylvania. Before joining the PTAC community, Lisa was a Procurement Specialist for Bechtel Plant Machinery, Inc. in the Greater Pittsburgh Area. In this role, Wood performed contract administration and negotiation duties. She also recommended bidders, handled issue inquiries, negotiated bids, performed cost and price analysis, and prepared comprehensive letters to justify recommended contract actions.  Ms. Wood holds an MBA from the University of New Haven and a BSBA through Robert Morris University of Pittsburgh where she is also pursuing her PhD in Instructional Management and Leadership.

The U.S. Small Business Administration, in consultation with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program(PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars. Learn more:

• Simpler loan forgiveness application
• Instructions for completing this application
• Interim Final Rule on the simpler forgiveness process

Contact the Central Virginia SBDC if you need assistance with your PPP loan forgiveness application!

The QuadTak Pitch Competition is part of the Quad County Business Summit on November 17 and is available to businesses in the four county region, including Fluvanna, Greene, Louisa and Orange.  To assist companies in preparing their pitch, we are hosting a pitch prep class on October 21 – with a session at 9am and a session at 5pm. 

Register for the competition here.

See the flyer below with info about the competition and the class on 10/21 and sign up here.