Decision Time of Chesapeake

 

Decision Time of Chesapeake, Virginia  recently received a “Master” patent for a next-generation  Artificial Intelligence platform with the potential to generate an additional 500-1,000 patents.  This Adaptive Semantic Inference Mediation Platform (“ASIM”) design implements a multi-disciplinary decision support system with a more “human-like” cognitive and inferential capability to analysts and managers at all levels of expertise and within many types of analytic environments.

 

Link to full presentation: https://technologyhamptonroads.com/wp-content/uploads/Decision-Time-Investor-Deck-7-15-2020.pdf

 

Dennis Ackerman

CEO

Decision Time, LLC

ackerman@gologicllc.com

REBUILD VA Small Business Grant Program

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The Rebuild VA Grant Fund is a program to help small businesses and non-profits whose normal operations were disrupted by COVID-19, including restaurants, brick and mortar retail, exercise and fitness facilities, personal care and personal grooming services, entertainment and public amusement establishments, and campgrounds.

Businesses and non-profits that are approved for a Rebuild VA grant may receive up to 3 times their average monthly eligible expenses up to a maximum of $10,000.

 

Governor Northam Announces $70 Million Rebuild VA Economic Recovery Fund for Small Businesses, Nonprofits Impacted by COVID-19

Grants of up to $10,000 will be awarded to approximately 7,000 applicants

HAMPTON—Governor Ralph Northam today announced $70 million for small businesses and nonprofit organizations whose normal operations were disrupted by the COVID-19 pandemic. The funding will be made available through Rebuild VA, a new economic recovery fund, and grants of up to $10,000 will be awarded to approximately 7,000 applicants to cover eligible expenses.

 

Rebuild VA will be administered by the Department of Small Business and Supplier Diversity (SBSD). Businesses and nonprofits must be in good standing, have annual gross revenues of no more than $1.5 million, and have no more than 25 employees. Eligible businesses and nonprofits include food and beverage establishments, non-essential retail, exercise and fitness, entertainment and public amusement, personal care and personal grooming services, and private campground and overnight summer camps. Businesses must also certify that they have not received federal Paycheck Protection Program (PPP) or Economic Injury Disaster Loan (EIDL) funds or other funding from the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act.

 

“Small businesses and nonprofits are the backbone of the Virginia economy and the bedrock of our communities, and they have been devastated by this ongoing health crisis,” said Governor Northam. “Rebuild VA will help address the vast challenges that small businesses and nonprofits across our Commonwealth are facing as they work to recover from the COVID-19 pandemic. Because many of the affected small businesses and nonprofits located in distressed and economically disadvantaged areas of Virginia, we are designating a portion of this funding to ensure they get the support they need.”

 

SBSD worked together with the Department of Housing and Community Development, the Virginia Tourism Corporation, and the Virginia Economic Development Partnership to develop Rebuild VA. The parameters for the initiative were established in House Bill 1505, which was amended during the reconvened session to implement a grant program for certain small businesses affected by the COVID-19 pandemic.

 

“It’s clear that our COVID-19 economic recovery is going to be a marathon, not a sprint, and this puts great pressure on our small businesses to make costly, unexpected adjustments, from paid sick leave to purchasing PPE,” said Secretary of Commerce and Trade Brian Ball. “It is our goal that Rebuild VA will help ease the burden on small businesses, which are the livelihood of many Virginia families.”

 

In an effort to accomplish the Northam administration’s objectives for diversity, equity, and inclusion, half of the program funds will be distributed to eligible small businesses and nonprofits operating in low-income and economically disadvantaged communities. This will help to meet the needs of underserved businesses and nonprofits with broad geographic diversity, while ensuring there is adequate representation of minority- and women-owned businesses.

 

“Access to capital remains the number one challenge for small businesses during the COVID-19 pandemic,” said SBSD Director Tracey G. Wiley. “At a time such as this, providing funding to the most vulnerable businesses—the unbanked and underserved is our primary objective. The Agency is proud to administer Rebuild VA in partnership with our sister agencies across the Commonwealth.”

 

Rebuild VA funding may be utilized for the following eligible expenses:

  • Payroll support, including paid sick, medical, or family leave, and costs related to the continuation of group health care benefits during those periods of leave;
  • Employee salaries;
  • Mortgage payments, rent, and utilities;
  • Principal and interest payments for any business loans from national or state-chartered banking, savings and loan institutions, or credit unions, that were incurred before or during the emergency;
  • Eligible personal protective equipment, cleaning and disinfecting materials, or other working capital needed to address COVID-19 response.

 

SBSD will hold several webinars to review eligibility requirements and documentation needed to apply when the application opens on August 10, 2020. A one-pager on Rebuild VA is available here.

 

For more information about Rebuild VA, eligibility criteria, covered expenses, and how to submit an application, please visit governor.virginia.gov/RebuildVA.

 

Full details at: https://www.governor.virginia.gov/rebuildva/

Refocus and Rebuild Second Webinar Series

 

Webinar Registration Link: Refocus and Rebuild Second Webinar Series

 

Refocus and Rebuild Second Webinar Series

 

Virginia Community Capital has partnered with the Virginia Small Business Development Center Network, GENEDGE, UVA Wise Office of Economic Development and Southwest Virginia Alliance of Manufacturing to present a series of webinars focused around helping businesses recover and become more resilient if faced with another pandemic/disaster. This series will be presented by professionals within their industry providing the most up-to-date information and resources.

 

Session Dates and Topics:

August 6 – Resiliency Overview Session = The SBDC will review their recovery plan and provide a template that participants can use each week to develop their organizations resiliency plan.

August 13 – How to Manage debt Post COVID-19 = Credit building, managing and cash-flow management.

August 20 – Recovery Marketing/Re-Connecting with Your Customers and Supply Chain Review

August 27 – Inventory – Identify Revenue, Supply Chain Review

September 3 – Employee & Diversity Planning – Maintaining employment levels/engagement/recovery

September 10 – How to Prepare for the Next Crisis – Developing a Business Resiliency Plan – Why You Need It & How It Can Help (Crisis Management/Emergency Response/Business Recovery)

September 17 – Crisis Management – Developing Team and Processes

September 24 – Succession Planning & Employee Stock Ownership Plans (ESOP)

October 1 – Key Technologies & Cyber Security Needs

October 8 – Key Resources, Customer Contacts/Critical Information Storage Options/Backups

October 15 – Risk Management/Evaluation – Transportation/Logistics Included

October 22 – Developing a Crisis Communication Plan presented by Kathy Still with University of Virginia’s College at Wise.

October 29 – What Your Resiliency Plan Should Look Like…Now What? How to Implement & Annual Refresh

 

You can choose to attend one or more of the following webinars at Refocus and Rebuild Second Webinar Series

Clean Energy Virginia Five-Part Webinar Series

You are invited to participate in the Clean Energy Virginia Five-Part Webinar Series hosted by Governor Northam’s Office and the Virginia Department of Mines, Minerals and Energy (DMME). The focus of the webinar series is on recent legislation that creates advantages for clean energy businesses to expand or locate in Virginia. Please join us for these highly educational sessions. For more information, please contact: Jordan Burns, jordan.burns@dmme.virginia.gov. (804) 786-7900

 

Webinar 2: Distributed Generation Solar Wednesday, July 29, 2020 1:00 – 2:30 p.m. EST Click here to register Event password: dmme1

 

Webinar 3: Energy Storage Wednesday, August 5, 2020 1:00 – 2:30 p.m. EST Click here to register Event password: dmme1

 

Webinar 4: Utility Scale Solar, Onshore Wind and the Virginia Clean Energy Act Wednesday, August 12, 2020 1:00 – 2:30 p.m. EST Click here to register Event password: dmme1

 

Webinar 5: The Virginia Advantage in Offshore Wind Wednesday, August 19, 2020 1:00 – 2:30 p.m. EST Click here to register Event password: dmme1 Click here to view the full agenda and links to past webinars

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