The Center for Laser and Fiber Optic Education, LASER-TEC, headquartered at Indian River State College, has received a $1.6 million National Science Foundation grant to support its transition into an Advanced Technological Education Resource Center. The expanded center will be better positioned to increase the laser, optics, photonic and fiber optics technical workforce to meet Department of Labor projections.
Owning a small business during the COVID-19 pandemic and civil unrest is extremely challenging for any small business owner and its employees. Unlike technology companies, most small businesses do not have the technical infrastructure to support virtual business operations during a complete shutdown.
Even if all you had to worry about were the quality of your company’s products or services and continued growth of its customer base, running a business would be challenging enough. However, companies are also subject to economic and environmental forces beyond their control. A change in the economic cycle could disrupt cash flow, tighten access to credit, rattle customers and suppliers and even threaten the survival of your organization.
The president has signed the Paycheck Protection Program Flexibility Act of 2020. This law may make PPP loans more attractive to small businesses. Here are seven of the main ways it may help your business.
The Florida Small Business Development Center at Indian River State College urges small businesses to prepare for the 2020 Atlantic hurricane season, which runs from June 1 to Nov. 30.
I think it’s safe to say the Paycheck Protection Program wasn’t a good fit for every small business looking for capital. What’s more, the Small Business Administration loan is not the only source of financing options available. A savvy business owner can leverage the loan options that are available to maintain business operations, grow revenue and exit the current financial crises a little bruised and battered, but none the worse for wear.
The SBA has released the new PPP Loan Forgiveness Application Form 3508EZ, which is designed to streamline PPP forgiveness for certain businesses who qualify.
Small business owners nationwide are feeling a bit better about the economy. In fact, a growing number expect the economic fallout brought on by COVID-19 to be short-lived, the National Federation of Independent Business has reported.
International trade shows have gone virtual and the state wants to help small businesses access the resource.
Succession planning isn’t just for family businesses and large corporations. Many small business owners don’t plan for what will happen to their companies during a prolonged illness or after their deaths. Unforeseen circumstances could put their businesses at risk of shutting down.