In the News: ARPA Small Business Grants Up to $20,000 Available

small-business-news-roundup-may-20-2022

The lingering effects of the pandemic will be here for some time to come. And this has left many small business owners still struggling to overcome the challenges. But today, there is also the issue of inflation, supply chain, and finding qualified or enough employment. As small business owners are trying to find solutions to all these problems, the American Rescue Plan Act (ARPA) is providing funds to communities across the U.S. to support recovery efforts.

With grants ranging from $5,000 to $20,000, community leaders are offering these funds to continue the recovery effort of the pandemic. The grants are addressing a range of issues in their communities. This includes pandemic-related disruptions as well as issues that are specific to the grants being offered. Take a look at what is available in your community.

In a piece of somewhat related news, several people in Florida were sentenced for Paycheck Protection Program (PPP) loan fraud schemes. Although 25 people have been charged as part of the scheme, so far two of them have received sentences of 78 and 120 months.  Read more on these sentences:

Small Business News Roundup – May 20, 2022

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House Addresses Labor Shortage in Aviation and Aerospace

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NAHB Housing Market Index Drops to Lowest Point Since June 2020

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Small Biz in :15 – Pamela Wilson on How to Build an Online Business

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Senate Vote Possible This Week on Restaurant Revitalization Funding

The US Senate could vote this week on whether or not to replenish the Restaurant Revitalization Fund (RRF). If passed, the RRF would provide billions in grant money to restaurants and other small businesses that’ve been and continue to be affected negatively by the COVID pandemic.

SBA Awards Instructor of the Year Awards in the Boots to Business Program for Veterans

The US Small Business Administration (SBA) has announced the six recipients of the ‘Boots to Business Instructor of the Year award. SBA Awards Instructor of the Year Awards in the Boots to Business Program for Veterans Veteran-owned small businesses are part of the underserved communities that the Biden-Harris Administration is prioritizing for help.

Why Climbing Mt. Everest Can Teach Why You Are Here

Being an entrepreneur, I can be a challenge junkie. Recently, I have been hooked on cycling across states in one or two days (Wisconsin is up for 2022). Although I am a frequent day hiker, I have never considered climbing Mt. Everest because of the altitude and the cold, but I have always been fascinated by what people learn when they do.

House Small Business Committee Advances PPP and EIDL Loan Fraud Bills

Two of the 7 bills advanced by the House’s Small Business Committee deal address fraud in the Paycheck Protection and Economic Impact Disaster Loan programs. Both bills would establish a ten-year statute of limitations for prosecutions related to fraud. HR 7352 is for the PPP, and HR 7334 is for the EIDLs.

Sales of Energy Drinks to Hit $225 Billion by 2026 – What’s Fueling the Surge?

Energy drinks are currently booming in the US, with sales expected to reach a staggering $225 billion by 2026. To uncover the surge in popularity behind the energy drinks industry, Pre-Workout World, an organization aimed at demystifying the ingredients in pre-workout supplements, compiled an infographic.

Top 10 Businesses for Sale in May

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This article, “In the News: ARPA Small Business Grants Up to $20,000 Available” was first published on Small Business Trends