Business News for February 16, 2021 |
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Today's message includes the following news, best practices, and online courses:
- Gov. Evers Announces Badger Bounceback Budget Proposal
- Work Opportunity Tax Credit
- ASBDC Blog Draws Attention to Current SBA Loan Benefits
- Upcoming SBA COVID relief webinars, including one with Senator Baldwin
- Learn more about UpStart, a free entrepreneurship program for women and people of color
Upcoming Learning Opportunities:
- Launch into Leadership
- HR Basics for Non-HR Professionals
- Hire Badgers: Bringing Two-Way Value to a Student Work Experience
- Connecting the Dots to Align Your Business Strategy
- Series: Cultivate Your Teams’ Productivity in the Time of COVID
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Business News, Resources, and Best Practices |
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Gov. Evers Announces Badger Bounceback Budget Proposal
Focus on Supporting Small Business and Innovation
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Gov. Tony Evers announced his 2021-23 budget will include aggressive economic development plans that invest more than $200 million in assisting small businesses, more than $29 million for workforce development initiatives, and a new $100 million venture capital program to jumpstart innovation as all part of his Badger Bounceback agenda to help the state's economy rebound, rebuild, and recover.
View Gov. Evers address tonight (February 16) at 7 pm
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Work Opportunity Tax Credit |
Are you hiring? Giving someone the opportunity to work by hiring individuals from certain targeted groups may result in an IRS tax credit for your small business. Targeted groups include:
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ASBDC Blog Draws Attention to Current SBA Loan Benefits
SBA 7(a), 504, and Microloans offering valuable benefits
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With the attention that has been given to the Paycheck Protection Program, EIDL loans, and newer COVID relief options, not much focus has been on SBA lending opportunities. However, for many businesses, current opportunities with traditional SBA lending programs could provide substantial benefits.
- Up to six months of payment relief on new loans
- SBA is now guaranteeing 90% of the loan (up from 75%) for qualified loan applicants
- Fee waivers for 7(a) loans
Learn additional details about SBA loan options from the SBA
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Upcoming Webinars Explain SBA COVID Relief Options
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Get the most current information to help your small business with PPP and coronavirus tax relief. Webinars review the program and there is opportunity to ask questions.
Coronavirus Tax Relief for Employers & Business Owners
Paycheck Protection Program: Re-Launch
SBA Funding Options
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Webinar with Senator Baldwin
Covering COVID relief options for small businesses, February 22
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Senator Baldwin is hosting a presentation by the Small Business Administration on how to apply for the second draw Paycheck Protection Program and how to take advantage of other business assistance. A panel of financial institution leaders will provide tips on working with lenders.
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Did You Know the SBDC provides curriculum for UpStart?
WARF's entrepreneurship program supports women and people of color
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Ever wondered if UpStart was right for you or someone you know? Learn more:
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Upcoming SBDC Virtual Learning Opportunities |
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Launch into Leadership
Starts February 22, 2021
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Taking on a new leadership role requires a change in mindset and learning many new skills, including developing a new relationship with co-workers, navigating new supervisory responsibilities, improving communication among the team, and recognizing and motivating team members. This course can help you make the transition successfully. |
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HR Basics for Non-HR Professionals
March 2 & 3, 2021
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Whether you're a new leader who wants to know the basics, a small business owner or manager with HR responsibilities as part of your role, or a business that does not have a dedicated HR expert on your staff, this is the program for you.
Topics Include:
- Employment laws most often violated by small businesses
- Independent contractors vs. employees
- Exempt vs. non-exempt employees
- Overtime and other pay
- FMLA, OSHA, harassment policies, and more
- Disciplinary processes
... and more!
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Hire Badgers: Bringing Two-Way Value to a Student Work Experience
Free session, March 4, 2021
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If you’ve ever wondered about hiring a UW-Madison student, this session is for you! We’ll discuss the differences between the Work-Study Program and student internship opportunities and help you understand the logistics of both programs, as well as the opportunity to learn more about how to make the experience a successful one for both you and the student. |
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Connecting the Dots to Align Your Business Strategy
Free group session focused on business planning March 5, 2021
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Create a clear picture for decision-making and goal achievement in your business for 2021 in a Constellation Workshop. In this 2-hour virtual group workshop, you will explore purpose, goals, alignment, your story, and the benefits of visualizing them. Once the session is complete, you’ll have your own Constellation as a focus for 2021 and guidance and direction on how to update it on your own or with your team. |
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Are You and Your Team Feeling "Pandemic Fine?"
Cultivate your resilience, motivation, and productivity with our series, starting March 8, 2021
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If you or your team is looking for new tools to help you manage your team remotely, build your resilience, or increase your motivation, this series is for you. A few of the classes have free "mini" versions to help you learn some of the concepts, or pay for the full class to build on your knowledge with actionable tools!
SERIES INCLUDES all 3 courses for just $535 - that's 15% off!
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Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact the UW-Madison SBDC office at sbdc@bus.wisc.edu or 608-263-2221 to request accommodations.
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