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August 2020
Important Links, the Capital Accelerator Program, New Members & Member Share
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From the Office of the
Prince George's Chamber of Commerce

"The Capital Accelerator Program"

Since the onset of COVID-19, small businesses – especially minority and women owned businesses have been hardest hit by this Pandemic. Nationwide, it is estimated that 44% of minority and women owned businesses will shut their doors; while, according to the County’s Economic Development Corporation, 1/3 of these businesses may be forced to close. 

While the pandemic is wreaking havoc, these potential closures highlight the historic struggle that small businesses have had to remain competitive.

Many of these businesses have long been locked out of public and private procurement, equity participation in land use development & investment/ capital access. The inability to access capital, makes it difficult to remain afloat even when obtaining small contracts.

In keeping with its purpose to be the Voice of Wealth Creation, the Prince George’s Chamber of Commerce in collaboration with the Small Business Development Council (SBDC), and generous support from the United Way of the National Capital Area, Truist Bank, Bank of America, & the Prince George’s Community Federal Credit Union- the Prince George's Chamber of Commerce is pleased to announce the Capital Accelerator Program. 

This program will provide coaching, counseling & access to capital; and during COVID-19, assistance in applying for the Payroll Protection Program Loan, other SBA stimulus programs as well as state and local grant programs that will level the playing field for small businesses in Prince George's County.

•        Chamber Members will be referred to banks, credit unions & other financial institutions for possible capital lending and investment
•        The program will track other financial, grant, & procurement opportunities for Chamber Members

As new stimulus packages are being negotiated, and with Payroll Protection dollars still available, stay tuned for Chamber Webinars that will help businesses access these dollars. 

In the meantime, please contact the Chamber at dharrington@pgcoc.org or reach out to Deidre Lee of SBDC at dlee1224@umd.edu for scheduling
direct assistance.
Member Share
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VOTING!

The Prince George’s County Human Relations Commission in partnership with the Prince George’s County Memorial Library System is hosting a virtual outreach event focusing on voter participation in the upcoming elections. This event will include a brief presentation on voting from a historical perspective followed by a short presentation and discussion on the voting process with a representative of the Prince George’s County Board of Elections.

Monday, August 31st | 7:00 pm

Register now for the only event of the year that brings together the Mayor of DC and the Governors of Virginia and Maryland for an open conversation on issues facing the region's business community. 
 
Friday, September 18, 2020
9:00 AM - 10:00 AM