Monday, May 24, 2021

The application deadline for the Restaurant Revitalization Fund is today, Monday, May 24 at 8:00 p.m.

APPLY NOW: https://sba.gov/restaurants

Apply For Paycheck Protection Program (PPP) By May 31^st Deadline

The U.S. Small Business Administration (SBA) is currently offering Paycheck Protection Program (PPP) loans originated only by participating community financial institutions until next Monday, May 31, or until remaining funds are exhausted.

Learn more: https://sba.gov/ppp

Web Solution Identifies Unregistered Vacation Rentals

Web Solution Identifies Hollywood's Unregistered Vacation Rentals

Granicus, a leading provider of cloud-based civic engagement technologies and services, has partnered with the City of Hollywood to help manage short-term rental (STR) compliance.

Granicus’ Host Compliance product works by using artificial intelligence (AI) to scan more than 60 STR sites—including VRBO, Airbnb, and FlipKey—to identify property addresses. This provides cities with full visibility into their local vacation rental market, prevents owners from bypassing local regulations, and ultimately streamlines compliance and tax collection. Granicus also offers a 24/7 non-emergency hotline to allow residents to report concerns, like excessive noise, without tying up emergency resources.

“Tourism is a vital industry for our City—but it can’t come at the expense of quality of life for our permanent residents,” said Andria Wingett, Assistant Director of Development Services. “We have a robust, and growing, short-term rental market in Hollywood; monitoring its growth and fluctuation month-to-month is a gargantuan undertaking. We needed a solution that could do the heavy lifting, and help us create a welcoming and safe environment for both visitors and permanent residents.”

For more information, please click here.

Backing Business: City of Hollywood Partners With Broward SCORE

FREE personal remote mentoring sessions are available with local seasoned business professionals committed to helping our local business community overcome these difficult times.

Click here to schedule your FREE 1-hour consultation.

Treasury, IRS provide guidance on tax relief for deductions for food or beverages from restaurants

IRS Exception Allows Businesses a 100% Tax Deduction for Restaurant Food or Beverages

The Treasury Department and the Internal Revenue Service has issued Notice 2021-25 PDF providing guidance under the Taxpayer Certainty and Disaster Relief Act of 2020. The Act added a temporary exception to the 50% limit on the amount that businesses may deduct for food or beverages. The temporary exception allows a 100% deduction for food or beverages from restaurants.

Beginning January 1, 2021, through December 31, 2022, businesses can claim 100% of their food or beverage expenses paid to restaurants as long as the business owner (or an employee of the business) is present when food or beverages are provided and the expense is not lavish or extravagant under the circumstances.

Learn More

PPP Forgiveness Webinar

The Small Business Administration (SBA) has published a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act. Join the SBA's South Florida District Office to learn more about the PPP Forgiveness process.

Tuesday, May 25 • 1PM EST • Register Here

COVID-19 Economic Aid Overview Webinar

The SBA, in consultation with the Treasury Department, re-opened the Paycheck Protection Program (PPP) for new borrowers and certain existing PPP borrowers.

This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan.

Join the South Florida District Office and explore the next steps in the PPP process.

Tuesday, May 25 • 11AM EST • Join Here
(en español) Thursday, May 27 • 11AM EST • Join Here

Negotiate Like a Boss!

We negotiate every single day of our lives. Want to maximize influence and get what you want every time? After this workshop you’ll gain strategies to use during all types of negotiations and gain a significant advantage in your role. Learn a new winning mindset to achieve sales success, expert language to use during closing sales and following up, how to navigate uncomfortable situations and other real life scenarios, as well as tactics you can use in diverse settings in your personal and professional life. Conducted by the Florida SBDC at FIU.

Wednesday, May 26 • 9AM • Free • Register Here

Small Business Tax Considerations

Do you dread tax preparation time every year? Whether you are filing your own taxes or rely on a CPA or accountant, it is important for small business owners to understand tax planning. Key decisions made during the year could make a big difference for your business come tax time. In addition, understanding the process could improve your consistency from year to year and help you maximize your time. This webinar will take the fear out of your next tax preparation and give you guidance on this annual process. Conducted by the Florida SBDC at FIU.

Wednesday, May 26 • 1PM • Free • Register Here

Setting Up Your Restaurant Now for Success Post-COVID

The pandemic has impacted every aspect of our economy, with restaurants bearing a heavier burden due to mandatory closures, social distancing, and pandemic safety protocols. As businesses look to pivot again and adjust to the return to normal, there are fundamental steps you can take now to set your business up for success post-COVID. Join this panel discussion to learn what opportunities are available to move your food and beverage business forward. Hear from fellow business owners and experts on topics including new business models and strategies to consider, how to prepare for customers’ return to your business, and what to focus on and what to avoid when marketing post-COVID. Conducted by the Florida SBDC at FIU.

Thursday, May 27 • 1PM • Free • Register Here

GHCC West Side Business Group - May 25 at 3PM

IDEATE

NSU Broward Center of Innovation's Ideate Pillar is a four-week program that assists entrepreneurs with development of an idea through design thinking and prototyping. This is a pre-seed stage where entrepreneurs have access to resources to identify a clear idea to commercialize.

After the masterclass sessions, there will be time for cohort participants to take advantage of resources at the Levan Center for open innovation.

June 15 - July 8 • Tues/Thur • 5:00-7:30 p.m.

Applications Due: May 28
APPLY NOW

INCUBATE

NSU Broward Center of Innovation's Incubate Pillar is a six-week program that allows entrepreneurs who have a tested minimum viable product and a clear customer base to continue the growth stage. Teams utilize the various wraparound services and labs at the Center to continue their advancement. Entrepreneurs build on the ideate framework stage to create a company structure to accelerate. The focus: rapid prototyping, commercializing, and funding structure.

After the masterclass sessions, we encourage the founders to move into open innovation where they can access one of our labs via a discounted membership level for product prototyping.

July 19 - August 23 • Mon/Wed/Fri • 9AM-12PM
Applications Due: June 25
APPLY NOW

Additional COVID-19 Resources For Hollywood Businesses Are Available Here

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