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Grants and PPP Info from CVSBDC

Stavros Niarchos Foundation (SNF) Small Business Growth & Recovery Fund

This program's goal is to help small businesses severely impacted by the pandemic to stabilize and thrive by providing better access to affordable capital in the form of non-repayable grants of up to $20,000. The program will also provides expert support through complementary, virtual skills-driven training and mentorship.

To be eligible, a business must be for-profit and:

Have an average gross revenue under $3 million

Been in business at least 12 months

Be committed to the success of the project or goal for which they are seeking funding

Extra considerations will be given to businesses owned by women, people of color, or veterans, and to those that operate in lower-income communities.

The program application has two components: (1) a questionnaire and (2) a short video and will be open until March 19, 2021 at 11:59pm.

For more details or to apply


Enter the 9th annual FedEx Small Business Grant Contest!

Entrants will be required to provide responses to the following:

Tell us about your business, what you provide, why you started, how you stand out among competition and any associated passion causes

Tell us how you would use the FedEx Small Business Grant money to enhance your business and recover from any impacts of COVID-19.

Initial entries close March 9, 2021, the top 100 finalists are revealed on March 31 and winners announced on May 10.

There will be a total of twelve (12) winners, with one Grand Prize Winner receiving $50,000 plus $7,500 in FedEx Office® print services.

For many more details or to apply


Act Fast:  for US Product Suppliers

Remember those old gym memberships for introductory members for $20 a year? This is like that. Alibaba is providing the first 500 US companies selected to sell on its platform a special deal...and this opportunity will likely be closed within two weeks.

Alibaba is a third party business to business marketplace that is a major player in international sourcing. They liken themselves to a virtual tradeshow. They offer a secure payment system, have designers to build your online store, and with this deal, there are no fees AT ALL on sales or invoices. The flat rates listed below cover all fees.

Basic pricing Plan:

Total payment - $2,399 for 12 month membership

$500 Ad-credit put back into your account

50 products uploaded by their design team (you can upload unlimited products beyond this on your own)

0% commission

$1,399 annual renewal

Premium dedicated account manager included for first 500 suppliers

For more information, email Ashley Rieger at ashley.rieger@alibaba-na.com

If you have questions about whether your business is a fit, email rhaydock@cvsbdc.org to set up a call or zoom meeting.


Modifications to Paycheck Protection Program (PPP) to assist small businesses

The Biden Administration announced several critical provisions to the PPP Monday morning to promote more equitable access to relief.

1) Eliminates restriction for entrepreneurs with prior non-fraud related felony convictions,

2) exclusive 14-day application period beginning Wednesday, 2/24 and running for two weeks for businesses with fewer than 20 employees and

3) revised formula to allow more aid for sole proprietors and independent contractors.


Read the White House Facts Sheet for Details on all Provisions.


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