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All posts by: John Kahler

COVID-19 Updates – March 18, 2020

COVID-19 Updates 
 

Hello Friends,

We have compiled more information for you during the COVID-19 crisis. 

The Business Center (TBC) Updates:

All Youth & Money open house events planned for March and April will take place via Facebook Live. Participants will have the opportunity to virtually meet peer trainers, ask questions about the summer programs and participate in an entrepreneurial exercise.  More details will be sent out on Friday. Also, check the website here or contact the office at 215-247-2473 ext. 3.

Small Business Administration (SBA) Updates:

Each state’s governor, including the Commonwealth of Pennsylvania, has the option to apply to the federal government to declare Pennsylvania counties eligible for SBA’s Economic Injury Disaster Loans (EIDL). Once a declaration is made, businesses can apply online at disasterloan.sba.gov/ela. Information on the EIDL program is explained in the News Release below my signature block. To prepare for the online application, businesses are also encouraged to review the SBA Disaster Business Loan Application forms at disasterloan.sba.gov/ela/Information/PaperForms.

If you have been, or expect to be financially impacted you may want to be proactive in contacting your bank(s), lender(s) and supplier(s) to determine what steps can be taken to mitigate the impact. If your business has an existing SBA 7(a) loan, 504 loan or Microloan, please contact your lender to discuss your options. You may also contact your insurance company to determine if your business insurance covers will cover losses due to the current emergency and steps you would need to take to file a claim.  You can also contact Solomon Wheeler at 717-503-7094 or solomon.wheeler@sba.gov.

You may also wish to reach out to your local county resources, as well as the Pennsylvania Department of Community and Economic Development’s Pennsylvania Business One-Stop Shop: Email business.dced@pa.gov 
Telephone 1-833-722-6778, Option 0
Website business.pa.gov

Philadelphia Department of Commerce and the Philadelphia Industrial Development Corporation (PIDC) Updates:

This is also a reminder that the City and PIDC will launch a program to support Philadelphia businesses, help maintain payroll obligations, and preserve jobs impacted by the spread of COVID-19. The program will be a tiered program that aims to provide targeted support for small businesses. More details about the program, including how businesses can apply, will be announced in the coming days. In the meantime, please complete this brief survey to assess the impact of COVID-19 here. 

Stay tuned for the small business workshop The Business Center will present next Wednesday, March 25 on emergency funding and other resources to manage through COVID-19.  

Lastly, please know that the Philadelphia Department of Commerce and PIDC are working on a COVID-19 business relief package, and we will share details in the near future. We are asking the business community to please fill out this brief survey, which will help inform us of your most pressing needs.      

We will continue to keep you updated.  

Stay Well,

Pamela Rich-Wheeler, MBA

TBC Executive Director
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Youth & Money Summer Camp Open Houses!

Youth and Money Open House

now virtual – join us on Facebook live!

Sunday, March 22
Saturday, March 28

12:00 – 2:00 pm

Saturday, April 25

11:30 – 2:30 pm

FUN • PRIZES • (bring your own) REFRESHMENTS

Register and learn details about all the summer youth entrepreneurship programs

 

Download and share the flyer!

Participant Testimonies

 

Youth and Money program support

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Business Plan Course – Starting February 24!

“Join this dynamic, motivational business plan class created to encourage and prepare new and existing entrepreneurs with the information they will need to start, sustain and expand their business.”

Class Schedule

February 24 – May 11, 2020 (12 weeks – Mondays)

Time: 6:30 – 8:30 pm (Also available online.)

Location: 7500 Germantown Avenue | Elder’s Hall, Conference Room | Philadelphia, PA 19119

Registration:

  • online (below) or
  • complete the registration form and bring or mail to 7500 Germantown Avenue | Elders Hall, Suite 113 | Philadelphia, PA 19119 with your check for the $405 total course fee.

You will learn how to:

  • Do a feasibility study and market research
  • Create a business plan
  • Finance a business
  • Use Social Media to market your business
  • Project sources of income and expenses
  • Identity grants and loans to fund your business
  • Establish and maintain a network of clients and partners

Cost for the course

Course Fee: $350
Additional Course Materials: $30.00
There is a $25 non-refundable registration fee

Financial Aid is available – complete and return this form

Loan Approvals of $10,000 (or more) may be offered for Viable Completed Business Plans

Mail in registration form | Download and share the flyer

Online Registration:

  • First, complete the online registration form below.
  • After you complete the registration form, click the Buy Now button to the right and complete your purchase on PayPal.

To finalize your registration, the total fee is $405.00 (non-refundable registration fee $25, course fee $350, materials fee $30). Click Buy Now to make your payment through PayPal



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Holiday Benefit Concert & Bazaar

Details, registration, supporter opportunities, vendor opportunities and more on Eventbrite

click to download and share flyerHoliday Benefit Concert

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Nailah Wheeler Wins HUST Financial Literacy Contest

The Business Center’s Youth & Money summer instructor Nailah Wheeler has won the prestigious Harrisburg University of Science and Technology’s Financial Literacy Contest.

April is Financial Literacy for Youth Month and TBC is pleased to serve entrepreneurs, young and old.

National Financial Literacy Month is recognized in the United States in April in an effort to highlight the importance of financial literacy and teach Americans how to establish and maintain healthy financial habits. … In 2003, the United States Senate designated April as Financial Literacy for Youth Month.

TBC will be announcing its upcoming Investment Club at the April 24th and 27th Youth and Money Summer Enrichment Entrepreneurship Programs Open House in addition to signing up participants for our summer youth program. Representatives from State Farm will be present to help people open bank accounts.

The Investment Club will feature Youth & Money graduates Chris Moore and Akintunde Sogo, as president and treasurer respectively. Young adults will invest real money in the stock market with all of the rewards associated with it.

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