Greater Baltimore Black
        Chamber of Commerce
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Upcoming Meeting Topics:

June 5, 2019 - Open conversation with Darryl Barnes, New Chair of The MD Legislative Black Caucus


Maryland Sick and Safe Leave Information
-by Janice Walker-Emeogo

The law states that leave accrues at the rate of one hour for every thirty hours that an employee works. An employee is not entitled to accrue sick and safe leave during (1) a 2 week pay period in which the employee worked fewer than 24 total hours; (2) a 1 week pay period if the employee worked fewer than a combined total of 24 hours in the current and immediately preceding pay period; or (3) a pay period in which the employee is paid twice per month and worked fewer than 26 hours in the pay period. The leave hours provided for under the law are the minimum number of hours an employee is entitled to earn and accrue. An employer may provide more leave for its employees.

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Small Biz Bulletin - June 2019

Special Secretary Jimmy Rhee

Message from Special Secretary Rhee

Recharge Yourself this Summer

It's easy for entrepreneurs to convince themselves that they cannot step away from the business to do something as frivolous as take a vacation. In reality, vacations are a time to recharge and renew yourself for the many challenges that come with owning a small business. The human brain is not designed to work at full capacity 100% of the time. It needs to rest and recoup in order to avoid burnout. Disconnecting from daily work-life responsibilities is a great way to sharpen strategic thinking, inspire creativity, and enhance performance. You'll also feel better both emotionally and physically. Whether you go near or far, carving out time to take a vacation is like recharging your entrepreneurial batteries, and you deserve it!

Sincerely,

Jimmy Rhee
Special Secretary  

Michael Shuman

Globally Recognized Community Economist to Keynote Ready, Set, GROW! Workshop

Money is the topic of our Ready, Set, GROW! Access to Capital Forum on June 20. It's a topic few understand as well as community economist and keynote speaker, Michael H. Shuman. Shuman is an attorney, author, and entrepreneur. He has been writing and speaking about community-based economics for more than 30 years. His insights on how money moves within the small business community is powerful. Join us for his presentation along with the opportunity to meet with federal, state and local lending partners at the Governor's Coordinating Offices in Crownsville at 9:30 am on Thursday, June 20. Seating is limited and advance registration is required. 

Ready, Set, GROW! Access to Capital Forum

Award


Governor's Service Awards Adds New Category for Small Businesses

The Governor’s Office on Service and Volunteerism is currently accepting nominations for the 2019 Governor’s Service Awards. In its 36th year, the Governor's Service Awards will recognize Marylanders who have provided significant volunteer contributions to communities around the state during 2018. Nominations for the awards may be submitted in one of 14 categories, including Small Business, which will recognize a business of 50 employees or less that has made a substantial impact in the community by volunteering with local organizations and/or agencies. The awards will be presented at an event in the Fall. The deadline to submit nominations is June 7, 2019. 

Governors Service Award Nominations

dollar sign between hands


Business Lending

Did you know the Maryland Department of Housing and Community Development has a division focused on business lending programs? They know that small businesses drive our economy and offer loans and business growth tools to both nonprofit and for-profit companies. Their focus is to improve and revitalize existing commercial districts and town centers through a variety of programs including Neighborhood Business Works, Microenterprise Loans, and the Maryland Capital Access Program. They support lending and financing through traditional lenders and can make the difference between a project launching or not. Contact the lending team directly to learn more. 

DHCD Business Lending Programs

Small Business Events

Mark Your Calendar

Most business development takes place outside the office. We maintain a robust calendar of events on our website. It's updated regularly, so be sure to check back often. Here are just a few upcoming events:

06/06/2019 - 35th Annual Maryland Small Business Wee Awards Luncheon
06/12/2019 - Is the GSA Schedule Right for You
06/13/2019 - MTA's All Transit Contract Opportunities Outreach
06/13/2019 - Joint Base Andrews Small Business Summit
06/20/2019 - Ready, Set, GROW Access to Capital Forum
06/25/2019 - Building Financial Capacity
06/25/2019 - Write Emails that Get Read and Get Results
07/02/2019 - MBE/DBE Application Assistance Workshop

Check out our full range of small business events
online at goMDsmallbiz.maryland.gov.


The Opportunity Zone program is a nationwide initia​tive ​administered by the U.S. Treasury created under the 2017 Tax Cuts and Job​s Act. The program provides federal tax incentives for investment in distressed communities over the next 10 years. Areas designated as Opportunity Zones will be able to reap the benefits of capital gains to help redevelop underserved communities.

Visit the website here
to learn more: 
https://dhcd.maryland.gov/Pages/OpportunityZones.aspx



The GBBCC Business Development Committee is following the progress of this initiative to ensure black-owned businesses are engaged in this economic development initiative.  Please review the information below, and if you have any questions about opportunities in any of the Greater Baltimore Regions (Baltimore City, Baltimore, Anne Arundel, Howard and Harford Counties), please send your questions to:  gbbchamber@gmail.com

The Opportunity Zone program is a nationwide initiative created under the 2017 Tax Cuts and Jobs Act and administered by the U.S. Department of Treasury. The program provides federal tax incentives for investment in distressed communities over the next 10 years. Areas designated as Opportunity Zones will be able to reap the benefits of capital gains to help redevelop underserved communities.

Of the 149 Census Tracts in Maryland designated as Opportunity Zones by the U.S. Treasury, 42 are in Baltimore City. For a list of Census Tracts in Baltimore City designated as Opportunity Zones, please click here. For a map of Opportunity Zones in Baltimore City, please click here.

For a map of all 149 Opportunity Zones, please visit http://dhcd.maryland.gov/Pages/OpportunityZones.aspx.

For more information about Opportunity Zones, please visit Economic Innovation Group or the U.S. Treasury at https://www.cdfifund.gov/Pages/Opportunity-Zones.aspx.


SBA Logo  NEWS RELEASE

 

 

PRESS OFFICE

 

Release Date: November 1, 2018             Contact: erin.mccracken@sba.gov, (202) 205-7023

Release Number: 18-66                           Follow us on TwitterFacebookBlogs Instagram

 

SBA and VA Join Forces to Advance Entrepreneurship Opportunities for Veterans; Launch Upcoming National Veterans Small Business Week

 

SBA Administrator McMahon and VA Secretary Wilkie sign a Memorandum of Understanding to develop a new entrepreneurship training program for Veterans

 

WASHINGTON— SBA Administrator Linda McMahon and U.S. Department of Veterans Affairs Secretary Robert Wilkie today announced a new partnership dedicated to supporting Veteran small businesses.

 

Administrator McMahon and Secretary Wilkie signed a Memorandum of Understanding between the two agencies to collaborate and scale a new pilot program that will offer intensive management and leadership training for Veteran entrepreneurs. President Donald J. Trump recently showed his continued commitment to our nation’s small businesses and to Veterans by donating his second-quarter salary to the SBA. These donated funds will help the SBA with develop and launch the pilot program.

 

“Veteran businesses owners are critically important to our nation’s economy. In fact, one in 10 business owners is a Veteran, collectively employing nearly five million America workers,” SBA Administrator McMahon said. “The VA and the SBA are proud to join forces to shape and scale this new management and executive leadership program specifically designed for Veteran small business owners. Our agencies’ collaboration is so important as we work to ensure this pilot program is tailored to leverage the skillsets of our Veterans and provide them with the resources they need to take their companies to the next level.”

 

“By signing this MOU between the VA and the SBA, we are committing two federal agencies to advance, improve, and expand opportunities for transitioning Service members and Veterans to own their own businesses,” said Secretary Wilkie.

 

Additionally, the two leaders used the occasion to launch the upcoming National Veterans Small Business Week, Nov. 5-9. This year’s theme is “Our Veteran Business Community,” highlighting specific aspects of the Veteran business community, ranging from aspiring to current Veteran and military business owners, including organizations that provide entrepreneurial training.

 

“We dedicate this week in honor of the many accomplishments of Veteran, service member and military spouse small business owners nationwide. Across the country, SBA district offices and resource partners, as well as local organizations, will be hosting numerous events to spotlight the success of our nation’s 2.5 million Veteran-owned businesses. Entrepreneurship is not a solo mission. I’m proud to be a part of a network that serves the needs of our Veteran and military business owners,” Administrator McMahon concluded.

 

For more information about National Veterans Small Business Week, including events and ways to get involved, visit www.sba.gov/vetbiz. For more information on the resources available for veteran entrepreneurs, visit www.sba.gov/veterans.

 

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Water Reclamation Feasibility Study

Weller Development Company, LLC (“Developer”) is seeking qualifications from consultants and engineers who have significant expertise in water reclamation facilities (“Respondent”).
VIEW OPPORTUNITIES
Copyright © 2018 Weller Development Company, All rights reserved. 

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Tax Cuts and Regulatory Reforms are putting the Economy on the Right Track

BY: SBA Mid-Atlantic Regional Administrator Michelle Christian

While working for his family’s cleaning business, Guy Berkebile mixed chemicals in his bathroom to create better household products. This industrious spirit led him to mortgage his house and withdraw his entire life savings to pursue a dream. In 1995, he opened Guy Chemical Company, Inc. in a 3,000 square-foot rental space with the cheapest equipment he could find.

To make loan payments during the lean years, Berkebile kept his day job and spent evenings and weekends mixing and packaging his products – even hosting slumber parties for his kids while pulling all-nighters. Through hard work and vision, Guy Chemical expanded into a global company, occupying 40,000 square feet in Somerset, Pennsylvania, to accommodate growing orders.

Now, Berkebile is taking advantage of capital freed-up by the 2017 Tax Cuts and Jobs Act to invest in new equipment, and is ready to expand to 70,000 square feet. He purchased a 20-person company in Vermont, grew staff from 130 to 161 employees, and increased annual worker bonuses by as much as 50 percent with raises all around thanks to a 30% increase in sales he attributes to tax cuts.

President Donald J. Trump had taxpayers like Guy Berkebile in mind when he called for and signed the tax law last year, cutting corporate tax rates from 35% to 21% for 2018 and lowering income tax at nearly all levels. Tax cuts allow 30 million small businesses to plan more effectively and reinvest in their companies by expanding, hiring more employees and raising wages. To put it plainly, Americans are seeing more money in their paychecks following the cuts, and more than six million American workers have seen bonuses as well. That’s money spent on Main Street and stimulating the economy, putting kids through school, paying bills, and finally getting heads above water.

It’s working. The American economy is booming with the number of job openings surpassing the number of job seekers for the first time on record, and September’s unemployment rate was at 3.7% - the sixth straight month at 4% or below. Smart, business-friendly decisions have brought manufacturer optimism to a near-record level in the 20-year history of the National Association of Manufacturers’ survey, and small business optimism stands at its third highest level on record since the National Federation of Independent Business began its survey 45 years ago.

The SBA is here for small businesses because we understand they create two of every three new jobs in our country and are a source of stability and pride for our communities. Locally-owned businesses hire local and are more active in our communities; from mentoring other entrepreneurs to sponsoring local teams and more. And, statistically, more locally-owned business earnings stay local to support everything from schools to infrastructure. I promise each and every one of you that our SBA team will continue to keep this Administration’s commitment to empower entrepreneurs.

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NAACP
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As the Washington Post reported, we offered our own take on the State of the Union last night:

“Even before President Trump took to the lectern to deliver his first State of the Union speech, the rebuttal was well underway at Shiloh Baptist Church in Washington.”

Our event – The Real State of Our Union – gathered academics and activists for a frank assessment of President Trump’s impact on African-American and immigrant communities. Watch a live recording of the event here.

Leaders of different generations, political parties, and faiths called upon us to build a coalition that stands for unity and justice. They reminded us that no matter the half-truths that the administration tells, we must be steadfast in our resistance.

While Trump rallied for a wall on the Mexican border and took credit for a low Black unemployment rate, our panelists called attention to critical civil rights concerns in 2018: rampant voter suppression, a corrupt criminal justice system, and attacks on immigrant communities.

Our best weapon against Trump’s divisive words and deeds? The vote. In a democracy, our vote is our currency. We must protect it with everything we have and use it at every turn.

Join the thousands who are fighting every day to make democracy work for everyone.

DONATE

JOIN

PLEDGE TO VOTE

Thank you for standing up for justice and the strength of our union.

In solidarity,
Derrick

NAACP
President and CEO

 

Photo credit: Justin D. Knight

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