TRAINING AND SUPPORT RESOURCES

ENTRENAMIENTO Y RECURSOS DE APOYO

ESO Ventures is still accepting applications for their next incubator and we'd like to encourage you to invite your community and network. 

Next cohort is targeted to businesses that can answer yes to the following questions:

1. Do you generate at least $10,000 in annual revenue?

2. Have you formalized your business as an LLC, S-Corp, or C-Corp?

3. Have you filed your business taxes?

A few notes about the incubator:

• We offer a 6 week program, beginning on March26, that will improve confidence and competence in running your business
• The incubator is at no cost to participants
• We meet virtually so you can participate wherever you are
• Upon completion of the incubator, businesses may be able to access our Capital in the Community Fund

CLICK HERE to access the application form.

The City of San Jose is hosting a 2024 Meet the Primes Outreach event with the purpose of bringing small and local contractors together with larger construction contractors for potential future partnerships. We personally invite you and your firm to attend our event, on Thursday,

City of San Jose Rotunda located at 200 East Santa Clara Street, San Jose, CA 95113.

PARKING: City Hall Basement Underground Parking is accessible via South 6th Street between East Santa Clara and East San Fernando Streets. Overflow Parking available at 88 S. 4th St. San José, CA 95112. Lot accessible via 4th Street between Santa Clara and East San Fernando Streets, and on East San Fernando Street between 4th and 5th Streets. Parking for both locations will be validated.

DID YOUR BUSINESS PARTICIPATE IN PPP?

Important announcement from the U.S. Small Business Administration (SBA)

regarding defaulted PPP loans, DEALINE 3/3/2024

The SBA just announced that it will begin referring defaulted Paycheck Protection Program (PPP) loans under $100K to the U.S. Treasury Department and the Internal Revenue Service for collection on March 4, 2024.

What does this mean? Small business borrowers who are referred to Treasury and IRS for collection may face significant consequences, including:

• Negative impact on credit scores
• Withholding of future state and federal tax refunds and any potential federal government funding (such as social security); and
• Referral of your loan to private debt collectors to pursue repayment, who may use tactics like wage garnishment.

What can borrowers do? Borrowers who used PPP funds for eligible expenses can apply for forgiveness. Follow the instructions located at www.sba.gov/PPPForgiveness to complete your PPP forgiveness application by March 3, 2024. There is no cost to apply, and it takes most borrowers less than 15 minutes to complete the application. Depending on their PPP lender, borrowers may submit a forgiveness application either directly to the SBA or through their lender.

Questions?

• Attend upcoming live webinars in English or Spanish.
• PPP Direct Forgiveness Borrower portal video guide.
• Applicants eligible for direct forgiveness may contact SBA at 877-552-2692.
• For applicants not eligible for direct forgiveness, please contact your PPP lender.

¿PARTICIPÓ TU NEGOCIO EN PPP?

Anuncio importante de la Administración de Pequeñas Empresas de EE. UU. (SBA)

sobre préstamos PPP en mora, FECHA LÍMITE 3/3/2024

SBA acaba de anunciar que comenzará a remitir préstamos impagos del Programa de Protección de

Cheques de Pago (PPP) de menos de $100,000 al Departamento del Tesoro de EE. UU. y al Servicio de Impuestos Internos (IRS) para su cobro empezando el 4 de marzo de 2024.

¿Qué quiere decir esto? Los prestatarios de pequeñas empresas que son enviados al Departamento de Tesoro y al IRS para su cobro pueden enfrentar consecuencias importantes, que incluyen:

• Impacto negativo en las puntuaciones de crédito
• Retención de futuros reembolsos de impuestos estatales y federales y de cualquier posible financiación del gobierno federal (como pagos de seguro social); y
• Transferir su préstamo a cobradores de deudas privados para obtener el pago, quienes pueden utilizar tácticas como el embargo de salario.

¿Qué pueden hacer los prestatarios? Los prestatarios que utilizaron fondos del PPP para gastos elegibles pueden solicitar la condonacióno perdon de deuda. Siga las instrucciones ubicadas en www.sba.gov/PPPForgiveness para completar su solicitud de condonación del PPP antes del 3 de marzo de 2024. La solicitud no tiene ningún costo y la mayoría de los prestatarios tardan menos de 15 minutos en completarla. Dependiendo de su prestamista PPP, los prestatarios pueden presentar una solicitud de condonación directamente a la SBA o a través de su prestamista.

¿Preguntas? Asista a los próximos seminarios web en vivo en inglés o español.

Programa de protección de pago portal de condonación directo

Seminario Zoom Martes 27 de Febrero, 2024

11:00 a.m. - 12:30 p.m.

Ultima oportunidad para solicitar o verificar su solicitud de condonación, Si usted recibió los fondos del Programa de Protección de Pago (PPP) durante COVID-19, es IMPORTANTE que nos acompañe en este taller virtual donde se les estará enseñando paso a paso cómo completar su solicitud de condonación para el PPP.

Esta solicitud debe de ser enviada y verificada antes del lunes 4 de marzo, 2024.

Inscribite Hoy

Attention business owners,

San Jose Works is looking for internship opportunities for

our youth.

Employers, Join our community of businesses, companies, and organizations who are training the next

generation of workforce talent. You can connect youth to workforce opportunities!

• Provide job leads for our 16+ job seekers
• Participate in our job fairs and hiring events
• Become a summer internship worksite

Any questions, contact Anthony Quihuis at anthony.quhuis@sanjoseca.gov

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