Industry News – December 16, 2021

Lighthouse Labs Accelerator Spring 2022 Cohort Applications Now Open 

Lighthouse Labs, a nationally recognized accelerator program based in Richmond, VA, seeks applicants for its Spring 2022 cohort. In addition to programming and mentorship, those accepted will receive $20K in equity-free seed capital. Applications are due January 9.  

Source: AEO 

 

$100 Billion in SBA Loans and Grants Still Available for Small Businesses

December 31 is the deadline to apply for several Small Business Administration (SBA) loan and grant programs for eligible businesses impacted by the pandemic. Experts recommend applying early as it will improve a business’s chances for being accepted. 

Source: Small Business Trends

 

New York City Offers $100 Million Grant for Local Businesses Impacted by the Pandemic

Mayor Bill de Blasio announced the NYC Small Business Resilience Grant program for local small businesses still impacted by the pandemic. Eligible businesses can apply for a $10,000 grant that can be used for payroll, benefits, and other operating costs.

Source: ABC 7 News

 

How to Maintain a Small Business Feel as a Company Grows

As small businesses grow in size and employees, some owners worry that their organization will start feeling more corporate. Here are several ways to keep your staff happy and ensure that the company maintains its “small business feel.”

Source: Small Business Trends

 

Important Steps to Take When Selling a Business

Entrepreneurs, after reaching a level of success with their venture, may decide at some point to sell their business either for a profit or because of a life change. Financial, taxation, and legal considerations must be made for any potential sale to be successful. 

Source: Atlanta Small Business Network

 

Office of Women’s Business Ownership Elevated within Small Business Administration

The SBA’s Office of Women’s Business Ownership will now report directly to SBA Administrator Isabella Casillas Guzman. The move will give the office more power and visibility to help elevate women business owners.

Source: Government Executive