RE-OPEN - 4R Project
“The Paycheck Protection Program provided over 8.5 million small businesses and nonprofits the lifeline they needed to survive during a once-in-generation economic crisis. I’ve heard story after story from small business owners across the country about how PPP funds helped them keep the lights on, pay their employees -- and gave them hope,” said SBA Administrator Isabella Casillas Guzman. “At the same time, millions of underserved businesses – particularly our smallest businesses and those owned by women and people of color – were left out of early rounds of relief. I’m proud of the work we did to begin to rectify these inequities -- in 2021, 96% of PPP loans went to small businesses with fewer than 20 employees. Moving forward, we will continue to prioritize equity in all SBA’s programs and services.”
The PPP is only one of eight disaster relief programs established by Congress to assist small businesses during the COVID-19 pandemic. Other programs include Economic Injury Disaster Loan (EIDL), EIDL Advance, Targeted EIDL Advance, Supplemental EIDL Advance, Restaurant Revitalization Fund, Shuttered Venue Operators Grant, and SBA Debt Relief program. To learn more about these programs, please visit www.sba.gov/relief.
Upcoming Webinars/Events:
- Comply Right: Labor Law Compliance Requirements Employers Often Overlook - Oct 20
- Manufacturing Institute: Manufacturing Supply Chain - Oct 21
- ND SBDC - Business Builders Workshop: Is Your Website Ready for 2022? - Nov 9
- ND SBDC & Minot Chamber EDC: Is There an App for That? (in-person/virtual attendance options) - Nov 10
- ND SBDC - Business Builders Workshop: Fueling Growth – Dec 14
4R Project Recordings:
- 4R Project: Tax credits under the ERC and FFCRA
- 4R Project: SBA Update on the New Stimulus Package
Webinar Recordings
- Business Builders Workshop: Maximizing the Value of Your Business
- Business Builders Workshop BONUS: Shop North Dakota
- Business Builders Workshop: Doing Business with the Federal Government
- Business Builders Workshop: Business Planning using a Bubble Chart Road Map
- Business Builders Workshop: Business Entities and Limited Liability Protection
- Business Builders Workshop: Personalized Marketing
- Business Builders Workshop: Budgeting for Success
- Business Builders Workshop: The Importance of Having a BAIL Team
- Business Builders Workshop: Marketing on a Small Budget
- Business Builders Workshop: Steps to Business Success - Marketing
- Business Builders Workshop: Creating Video that Stands Out in the Digital Age
- Business Builders BONUS BONUS: Connect with Customers & Manage Your Business Remotely
- Business Builders BONUS: Creating Video that Stands Out in the Digital Age
- Business Builders Workshop BONUS: The WBC Library, COVID help at your fingertips
Tools
- Facebook launched a Virtual Shopping Mall option
- As businesses transition online, there can be a lot of questions about taxes. This website covers information for many states as it relates to remote sellers.
- Constant Contact Action Plans for various industries
- Salesforce - A Guide to Safely Reopening Your Business
Resources
- How to Implement Flexible Scheduling That's a Win-Win for You and Your Employees
- Nine Guidelines for Reopening After a COVID-19 Shutdown
- Quickbooks Online and Desktop Discounts - contact our site nearest you to inquire about up to 40% off your first 12-months.
Employee Testing & Business Liability
- There has been much discussion about business liability protection as it relates to reopening.
- .Considerations for Mandatory Testing and Vaccinations.
As we progress in this phase, the ND SBDC will be providing additional training and one-on-one advising from subject matter experts. If you have a topic you'd like to see included, please let us know.
Permanently Closing a Business
While we hope it doesn't come to this, we know the reality of our current situation and that it is inevitable that some businesses will not survive.
It's a difficult decision that is sometimes necessary. And, there are certain steps to follow to do it correctly. Our advisors can offer guidance and assistance, however obtaining specific legal, accounting, or tax advice specific to your business is often recommended.
The SBA and resource partners put together a checklist to get you stated should this be the unfortunate path for your business.