outh Florida Newsletter – August 2022
Welcome message to our newly appointed District Director J. Malcom Richards
The South Florida District Office welcomes J. Malcolm Richards as the newly appointed District Director! He will oversee the implementation of SBA’s mission, programs, and services across the 24-county South Florida territory. His commitment and focus will be to increase lending and contracting opportunities for small businesses.
Richards comes to South Florida having served previously as the Director in the North Florida District Office and for 6-years in the Kansas City, Missouri District Office. He brings a wealth of knowledge and experience including over 20-years in economic and entrepreneurial development, with a specialization in the needs of underserved and disadvantaged communities.
Prior to his federal experience, Richards worked for three of the nation’s largest commercial banks in leadership and management proles, overseeing small business and commercial lending, investments, and strategic planning. He earned MA and MBA degrees also owned and managed a small business for several years.
We are delighted to welcome Malcolm’s proven leadership and commitment to customer service to our South Florida community!
On July 26th, the SBA announced that the U.S. government awarded 27.2% of federal contract dollars to small businesses in fiscal year 2021 exceeding the 23% statutory goal. That amounts to $154.2B in contracts to small businesses, an $8B increase from FY2020. These achievements, combined with $72B in subprime contracting goals, have supported over 1 million jobs in the American economy.
SBA sets contracting goals for each federal agency and works with government buyers to ensure that they prioritize small businesses. Overall, the federal government earned an “A” on the government-wide Scorecard. Individual agency scorecards were also released in July and a detailed explanation of the methodology is available at SBA.gov.
August 7-13 is National Farmers’ Market Week!
August 7-13 is National Farmers Market Week when local farmers and their contributions to our economy and health are promoted and celebrated for the high-quality the goods they grow and the benefits of organic produce. Farmers markets not only make our nation healthier, but they also give back to the community by providing jobs. Please be sure to go out, support, and #BuyLocal at your favorite farmers market!
Women’s Equality Day is August 26th! We are celebrating with special trainings throughout the month in partnership with the SBA’s Women’s Business Centers located throughout South Florida. These trainings are geared towards women business owners to assist them with access to capital and the SBA’s WOSB government contracting certification.
Federal Contracting Certification: Woman Owned Small Business (WOSB) – Tuesday, August 8th – 11a-12p
The Women Owned Small Business (WOSB) program is designed to help more women owned small businesses to win federal contracts by providing a level playing field for WOSBs to compete. This class provides an overview of the WOSB and EDWOSB Federal Contracting Program as well as eligibility requirements. All small businesses that are interested in submitting an offer on a solicitation that has been set aside for WOSBs under the WOSB Program must complete this certification prior to submitting the offer. This class also covers recent regulatory changes regarding sole source authority and self-certification.
Register here: https://www.eventbrite.com/e/325950375347
Financial Fundamentals-Profit & Loss Statement (2) – with Kathy Emerson – Tuesday, August 6th – 3-4:30pm
Financial Fundamentals Webinar Series, Part 2: Profit & Loss Statements. SBA will speak about how important these financial management reports are to obtaining SBA business loans or lines of credit with your banking institution.
Register Here: Financial Fundamentals-Profit & Loss Statement (2) – with Kathy Emerson (ecenterdirect.com)
If you live in South Florida, you can email us at SouthFlorida_DO@sba.gov
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SBA South Florida District Office
Miami, Tampa, and Ft. Pierce, Florida
All SBA programs and services are provided on a nondiscriminatory basis. Reasonable accommodations will be made if requested at least two weeks in advance
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