More than 1,000 small business owners will receive assistance This week, Wells Fargo awarded an Open for Business Fund grant to Florida International University to launch a robust, virtual platform at StartUP FIU Food, a small business incubator that serves food and beverage micro-entrepreneurs in South Florida. The $750,000 grant […]
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To help more small businesses, FIU receives $2.5 million SBA grant
Florida International University has received a $2.5 million grant from the U.S. Small Business Administration’s Community Navigator Pilot Program. The funds are earmarked for improving underserved entrepreneurs’ access to government programs that provide assistance in launching a new venture, growing a business or managing unexpected business interruptions. The Miami-Dade Small […]
Broad coalition of organizations ask South Florida small businesses to encourage COVID-19 vaccinations
The Health Foundation of South Florida, Miami-Dade County, the Greater Miami Chamber of Commerce and the Coalition of Miami-Dade Chambers of Commerce have joined forces to launch the “We Did It,” a pledge program that calls on the region’s small businesses to encourage employees to be vaccinated against COVID-19. The […]
COVID relief: EIDL loans can now be up to $2 million. Here’s the lowdown
The Small Business Administration has raised the cap on COVID-19 related loans from $500,000 to $2 million, to help small businesses recover from the COVID-19 pandemic. The agency is set to begin approving loans with the higher caps Oct. 8. EIDL applications will close Dec. 31, 2021, unless the program’s […]
Resources: Time-sensitive grant program and educational opportunities
Call for applications for 10,000 Small Businesses: The Goldman Sachs 10,000 Small Businesses at Miami Dade College program is looking for applicants for its January 2022 cohort. The free 12-week program is designed to help business owners, and the program includes a Babson-designed entrepreneurship curriculum and a wealth of one-on-one advice, clinics, and networking opportunities. Applications […]
How upcoming SBA loan fee waivers could benefit small businesses
Fees can add up when obtaining an SBA small business loan. Here’s some good news on that front. Starting Oct. 1, 2021, through Sept. 30, 2022, the US Small Business Administration will waive both the upfront guaranty fee on the 7a, Express and EWCP loans, among others, as well as the ongoing servicing fee, for amounts up […]
Small businesses, take note: Here’s why you need to understand your numbers
Ray Juncosa, a consultant at Florida SBDC at FIU and an expert in business finance and access capital, doesn’t mince words. “If you don’t have a grasp of your finances, it will be difficult to succeed,” he tells small businesses. As a small business owner, you need to understand your […]
Resources: New guide from ExIm bank offers fundamentals, tools for small business exporters
How do you balance what your business requires to safely sell products overseas against the needs of your foreign buyers? Many firms struggle to capture foreign sales, simply because they are unaware of the options available. As an exporter, you face risks most businesses never consider. Banks often hear “export” […]
Heed these 9 keys to success in anchor procurement
If you ever wondered how your small business can increases your chances for success winning contracts for local anchor institutions like Miami-Dade County, Miami-Dade Schools, Florida International University, University of Miami or Miami Dade College, read on. This post is for you. Florida SBDC at FIU offers a range of […]
5 tips for starting and growing an F&B business
Knowledge is power. With that in mind, GrowBiz tuned into the second of a series of panel discussions hosted by Florida SBDC at FIU and StartUP FIU Food in which small business owners and branding experts shared their advice about starting an F&B business. (You can read about the first […]