Mississippi Small Business Grants 2021 – New Grant for Mississippi Small Business Development Champion USDA Grant and Regions Foundation Funding Center Expands Support for Small Businesses
The University of Mississippi’s Small Business Development Center uses USDA grants and state funding to support small businesses. Ole Miss Digital Imaging Services archive photo
Mississippi Small Business Grants 2021
Oxford, Miss. – The Mississippi Small Business Development Center at the University of Mississippi is using a federal grant to expand the center’s support for small businesses and entrepreneurs in rural areas of the state.
Covid 19 Resources For Mississippi And Alabama
A $409,112 distance education and telemedicine grant from the USDA will be used to develop and implement virtual centers throughout Mississippi. Virtual Centers partner with community colleges to provide resources to small business owners and entrepreneurs through the Center’s Rural Development Initiative.
The grant was made possible by a number of factors, including a $75,000 grant from the Regions Foundation, an Alabama-based nonprofit that primarily supports community investment in Regions Bank. The foundation works to advance economic and community development, education and workforce readiness, making MS-SBDC funding a natural fit for the foundation’s grantmaking program.
“We are thrilled to receive this grant and are grateful to the States Fund for matching funds,” said MS-SBDC State Director Sharon Nichols. “These grant funds will give us the opportunity to build the infrastructure for our services, including the purchase of equipment for 27 virtual access centers in rural areas of Mississippi with low population density.
“The centers enable video conferencing so small businesses and entrepreneurs have a safe and confidential place to connect with our services. They also provide virtual connections and resources to underrepresented communities for small business owners and entrepreneurs to strengthen, grow or launch their businesses in rural Mississippi.”
Cmpdd Announces Funding For 33 Metro Area Transportation Projects
With a focus on supporting small businesses, the Regions Foundation has invested in a number of areas to help entrepreneurs, including providing financial assistance to businesses due to the impact of Covid-19.
“We are committed to removing barriers to success and are honored to invest in programs that share our goal of creating more inclusive prosperity in our communities,” said Foundation Executive Director Martha Sell.
“This Mississippi Small Business Development Center initiative will give more small business owners the tools they need to succeed. We are excited to see the results that will be produced as part of this initiative.”
Both the Foundation and Regions Bank pursue community engagement strategies designed to create a level playing field for people, businesses and community organizations in the Southeast, Midwest and Texas.
Nissan Community Grants & Philanthropy
“The past 16 months have been particularly challenging for small businesses as they deal with the impact of Covid-19 as well as supply chain shortages, labor demand and other recent trends,” said Matt Lusko, head of risk at Regions Bank. Become a Miss Alumni.
“At Regions Bank, our local teams are committed to serving the financial needs of Mississippi’s entrepreneurs. And we appreciate the work of our colleagues at the States Foundation in supporting the Mississippi Small Business Development Center. We share the goal of seeing a stronger and healthier local business community and this support is an important step towards achieving that goal.
“Regions Bank is one of UM’s primary industry partners, recruiting students, serving as a top employer for Ole Miss alumni and supporting university and athletic programs,” said Hughes Miller, director of industry giving and university development engagement, who worked with the university. Apply for an MS-SBDC grant.
We are fortunate to partner with the Regions Foundation as we build UM’s mission to support a strong local business community. This is a great opportunity to work together and create positive change.
Usda Continues To Expand Opportunities And Support To Small Businesses
Before the pandemic, Miller and Nichols began working together to expand the footprint across Mississippi, connecting the center with resources to help small businesses and entrepreneurs get the tools they need to succeed. The pandemic and its impact on small businesses has added urgency to applying for the aid, which Nichols said could be a “game changer.”
“As a nation, equality of opportunity and access to services is important, regardless of where customers are located,” Nichols said. “To address this barrier to Internet access, virtual access centers are located at community colleges and/or human resource centers that provide Internet access and are located in hard-to-serve communities.”
John Maynard, president and CEO of the Oxford-Lafayette Economic Development Foundation, said helping small businesses and entrepreneurs succeed strengthens the local economy as well as the national economy.
“Small businesses and entrepreneurship have been the backbone of Oxford’s economy for many years,” said Maynard. “Oxford’s economy is ranked the eighth strongest micropolis economy in the nation. We believe in the power of small business and entrepreneurship to transform Mississippi’s economy.”
Mississippi Arts Commission
“For these business owners to have virtual access to Mississippi Small Business Development Center services will greatly improve the way they grow their businesses in Mississippi.”
The partnership with the MS-SBDC and the States Foundation to help Mississippi’s small businesses and entrepreneurs is another example of how the university supports entrepreneurship and economic growth.
“The university understands the critical role we play in Mississippi’s business and economic development,” said William Nicholas, UM’s director of economic development. “We value our partnership with the States Foundation and the Mississippi Small Business Development Center and look forward to moving our state forward together.”
The Distance Education and Telemedicine Fellowship Program helps rural communities use telecommunications to connect with each other and the world, overcoming the effects of remoteness and low population density. Grants are awarded through a national competition and require a 15% match from another source. On May 20, 2020, Governor Tate Reeves signed into law Senate Bill 2772, establishing the Mississippi Back to Business Assistance Program. The program is used to help small businesses in Mississippi recover from the economic impact of COVID-19 by compensating them for business interruption costs. Applications are currently being accepted. You must create an account to apply. The following is a list of criteria that businesses must meet to qualify for the Back to Business Mississippi grant: As of March 1, 2020, a for-profit corporation, limited liability company, partnership or sole proprietorship must be domestic, in good standing. Have a business interruption with the Mississippi Secretary of State (if applicable). An individual resident citizen or Mississippi state business entity that has a controlling interest in one or more Mississippi residents, regardless of whether it filed or qualified taxes for the 2018 or 2019 taxable year. A corporation incorporated on or after January 1, 2020 intends to file Mississippi taxes for the 2020 tax year, except as required by section 27-7-29, section 27-13-63, or other applicable law. Customers or employees come to that physical premises, conduct business on the customer’s premises, or have an owner actively involved in the day-to-day operations. is not a subsidiary of the company with more than 50 full-time equivalent (FTE) employees as of March 1, 2020; Not part of a large business with more than 50 full-time employees or owned by a business with more than 50 full-time employees. Has no purpose of promoting partisan political activity, does not directly solicit federal or state officials as described in Sections 5-8-1 through 5-8-23, and does not engage or engage in any manner with a lobbyist. 2020, as defined in Section 5-8-3. Without active participation in the company, you will not be able to earn income from relevant investments. Operations Download the Official Business Rules and Regulations here. Contact us online or call 1-800-462-9980 or 601-228-1774 for application assistance.
Mississippi Registration Intake Centers Open To Assist Hurricane Zeta Victims Apply For Assistance
PeopleLease has helped countless business owners and managers free themselves from the endless back office firefighting process of personnel management. By outsourcing payroll preparation, tax filing, workers’ compensation, health insurance and retirement plan management to people, businesses can begin to save valuable time and energy by effectively managing cash flow and improving employee satisfaction.
Details on FFCRA (8) PPP (7) IRS (5) CARES Act (3) Executive Order (3) SBA (2) B2B MS (1) ERTC (1) Kate Rosson feared losing her small business during the pandemic. In the year In late summer 2020, and like thousands of others, he applied for Mississippi’s COVID-19 Back to Business grant — up to $25,000 — to help small businesses stay afloat.
But seven weeks after submitting the application, Rosson was stuck in a web of bureaucracy and despite numerous calls and requests for information to the state, little had been heard about his application. The college’s advertising and direct marketing firm had to lay off employees. He said he was in the same boat as many neighboring businesses in Oxford.