Executive Order Rescinds Directive for Washington State Initiative 200 (I-200)

Inslee updates decades-old affirmative action guidance to better achieve equity in hiring, education and contracting. Instead, the directive was overly restrictive.

On January 17th, Gov. Jay Inslee signed an executive order that rescinds Directive 98–01, a 23-year-old document that was supposed to provide agencies with instructions on how to implement Initiative 200 (I-200) on affirmative action.Read More

Washington MBDA Business Center: COVID-19 Business Information & Resources

See the following news and information compiled by Washington MBDA Business Center related to COVID-19 business resources. You can also follow us on our Facebook page for more updates.

Latest Updates:

COVID-19 EIDL UpdateSmall Business Administration
As of January 1, 2022, SBA stopped accepting applications for new COVID-19 EIDL loans or advances. As of May 6, 2022, the COVID-19 EIDL funds are exhausted. SBA is no longer accepting COVID-19 EIDL loan increase requests or requests for reconsideration. Approved borrowers that have not signed their loan closing documents must do so by May 16, 2022, or will face delayed disbursement or possible loss of funding. The COVID-19 EIDL portal (covid19relief1.sba.gov, also known as the “RAPID portal”) will close on May 16, 2022. Borrowers should download their loan documents from the portal prior to this date. Learn more.

Visit the Washington MBDA Events Calendar for Informational Webinars and Workshops to help with business recovery.

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2021 MBDA Accomplishments

Now a permanent agency, MBDA is poised to develop and deliver additional resources that will help minority businesses grow in number and scope. Minority business in the U.S. has come a long way since the inception of MBDA in 1969, and we are on the cusp of a new surge in minority entrepreneurship that will fuel economic growth across the nation.

MBDA 2021 Year in Review

This has been a momentous year for the Minority Business Development Agency! Join us in taking a look back on the challenges and achievements of 2021.

2021 Year highlights include:

– Infrastructure Law Making MBDA Permanent
– Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (Coronavirus Relief Act)
– MBDA Business Centers – 35 Centers Funded
– National Minority Enterprise Development Week (MED Week)
– Buy MBE Day
– MBDA Specialty Centers
– and more…

Read full article here.

Business Impact Northwest: Consider Building a BAIL Team – It’s Not What You Think It Is.

Wouldn’t it be great if you had a team in place that would help you avoid troubles with your business?  You can have such a team – your BAIL team. 

Your BAIL team will consist of a Banker, Accountant, Insurance broker and Lawyer.  Each of these members of your team will help guide you through important decisions as you build or grow your business. 

Read full blog post at Business Impact NW

Regional Program Propels BIPOC-Owned Small Businesses Toward Growth

The Minority Business Development Agency (MBDA) Washington Business Center, in partnership with the Economic Development Board (EDB) for Tacoma-Pierce County, has launched Continued Acceleration, a program ensuring ongoing support of BIPOC-owned small businesses graduating from regional accelerator programs.

The program kicks off with events December 8th & 9th at the Union Club, a local co-working space for small business owners and entrepreneurs in Tacoma, with a BIPOC Business Executive Roundtable and a panel of business service providers. Attendees will build upon their knowledge of business best practices, learn how to respond to a range of business challenges, and receive guidance on how to tap into business resources available to them throughout the region.

Participate in the Survey and Virtual Roundtable Discussion here: Read More

The Minority Business Development Agency is Permanently Authorized in Bipartisan Infrastructure Deal

[Washington, DC | November 15, 2021] – Today, U.S. Secretary of Commerce Gina M. Raimondo is pleased to announce that the U.S. Department of Commerce Minority Business Development Agency (MBDA) is made permanent and will be expanded and elevated with the passage of this historic legislation. This action allows the agency to increase their programs and outreach to the Nation’s more than 9 million minority-owned businesses.Read More

New City of Tacoma Small Business Recovery Grant Application Now Open

Funding Opportunity for Tacoma-based businesses:

Small Business Recovery Grants of $15,000 each are now available to Tacoma-based micro-businesses of 15 or fewer full-time equivalent employees, including the owner(s). Eligible businesses will have owner(s) with a household income (not business) that does not exceed 80 percent of the area median income.
Grant applications will be accepted October 25, 2021 through November 15, 2021

Nonprofit Recovery Grants of $10,000-$75,000 each will be available to federally registered 501(c)(3) organizations impacted by the pandemic that focus on supporting Tacoma in the retention/creation of livable wage jobs. In support of the City’s anti-racist systems transformation efforts, this grant has a funding bonus for BIPOC organizations. Questions regarding the Nonprofit Recovery Grant program may be directed to NP-[email protected] or (253) 591-5208.

Staff will also be offering two online application workshops to help businesses navigate the application and funding process. For more information on the grant, application, and to register for the workshops, please see below.Read More

SBA: Microloans, Grants Updates, Upcoming Events

Read the latest Seattle-Spokane SBA bulletin to learn about:

> Microloans, how to use them, and which microlenders are available to apply with.

> SBA Awards $388,000 in PRIME Grants to Business Impact NorthWest and Ventures, supporting the nonprofit organizations as they help low-income entrepreneurs get financing to establish and expand their small businesses by providing direct technical assistance, or provide capacity-building training for other organizations that provide capital to underserved small businesses.

> Upcoming Training and Webinars

You can view and subscribe to the SBA Bulletin here.

A Proclamation on Minority Enterprise Development Week, 2021

President Joseph R. Biden has declared September 19-25, 2021 as National Minority Enterprise Development Week. Click here to read the proclamation.

2021 National Minority Enterprise Development Week Conference Hub is NOW LIVE!

MBDA is ready to lead the charge on 2021 National MED Week! Visit www.mbda.gov to enter the MED Week Conference Hub. Get an advanced view at what’s coming next week. Plan out your MED Week schedule early to maximize your experience!

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