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Small Business News

Small Business News

News | April 5, 2024

Disaster Loans Available for Small Businesses Affected by Francis Scott Key Bridge Collapse

By Suzanne Zur Offie of Small Business Programs

 

Small businesses impacted by the Francis Scott Key Bridge collapse in Maryland last week can apply for a disaster loan of up to $2 million from the U.S. Small Business Administration to help overcome any revenue loss. The disaster declaration covers the entire state of Maryland and contiguous counties, including the District of Columbia; Kent, New Castle, and Sussex in Delaware; Adams, Bedford, Chester, Fayette, Franklin, Fulton, Lancaster, Somerset, and York in Pennsylvania; Accomack, Independent City of Alexandria, Arlington, Fairfax, and Loudoun in Virginia; and Berkley, Grant, Hampshire, Jefferson, Mineral, Morgan, and Preston in West Virginia. Learn More>>

 

OSBP and NIST Partner for Small Businesses

The U.S. Department of Defense (DOD) Office of Small Business Programs (OSBP), the principal advisor to the Secretary of Defense on small business matters, and  U.S. Department of Commerce (DOC) National Institute of Standards and Technology (NIST) Hollings Manufacturing Extension Partnership Program (MEP) signed a memorandum of agreement on May 02, 2021 to collaborate on strengthening the national security of the small business industrial base.

The new partnership links two DOD organizations with a common mission to assist small businesses and  to achieve shared objectives:

  • Provide training and technical support to small-and-medium U.S. manufacturers engaged or planning to engage with the defense sector.
  • Promote and co-sponsor joint training events beneficial to national security, with an emphasis on cybersecurity for defense manufacturing.
  • Establish direct and consistent relationships at multiple organizational levels within both Parties to document and share complementary assistance best practices.  
  • Develop clear objectives, benchmarks and goals to measure success, added value, and synergy of collaborations between NIST MEP and OUSD(A&S) OSBP.

The OSBP and NIST partnership enables more DOD collaboration and support of small and medium manufacturers (SMMs). They will Collaborate to support the ongoing development and security of the Defense and Industrial Base.

This partnership will combine OSBP’s expertise in leveraging small businesses to close capability gaps for our armed forces with the MEP National Network.  The MEP operational base provides an opportunity for OUSD(A&S) OSBP to serve as a resource for the MEP Program of MEP Centers engages defense sector and defense-relevant manufacturing clients to promote and provide technologies, prototypes and products for National Security missions.