You're invited to participate in our Center for Private Company Excellence Private Company Pulse Survey. This survey is intended to provide insight into the current sentiment of private company owners and executives, and the outlook for their businesses. The survey only takes about 5 minutes to complete and your participation would be greatly appreciated. Survey deadline is Friday, March 29. All information collected will remain completely confidential and results will be presented in aggregate form. Your company's identity and information will not be revealed in any publication or presentation of the survey results. If you wish to receive a copy of the survey results once they are compiled, please provide your contact information at the co...
Attendees Can Participate in Educational Workshops, Network, and Learn about Federal Resources to Help Them Succeed Today, the U.S. Small Business Administration (SBA) and SCORE, mentors to America's small businesses and a resource partner of the SBA, announced that registration for the 2024 National Small Business Week Virtual Summit is now open. The two-day online event will take place from April 30-May 1. Attendance is free of charge, but registration is required. To register, visit National Small Business Week Virtual Summit registration. This year's NSBW Virtual Summit will feature educational workshops presented by event cosponsors, access to federal resources, and networking opportunities. A detailed agenda and list of cosponsor spea...
We are excited to announce the application portal for the 2024 SBA T.H.R.I.V.E. Emerging Leaders Reimagined Program is open. This program is designed to provide free, comprehensive business coaching and education to CEOs of small businesses, like yours, looking to take their businesses to the next level. The SBA Eastern Pennsylvania District office will host two cohorts: in King of Prussia and the Central Pennsylvania area. Join one of our no-cost virtual interactive sessions to learn more about the program and have your questions answered. Register at the links below: Tuesday, March 19, 1:00 p.m. EST – Learn about the King of Prussia cohort:https://www.sba.gov/event/44112Thursday, March 21, 1:00 p.m. EST – Learn about the Central Pennsylva...
Up to $10,000 in grant funds is available now until February 23 to historically disadvantaged businesses. In partnership with the Pennsylvania Department of Community and Economic Development, the Pennsylvania CDFI Network is administering the Historically Disadvantaged Business Assistance (HDBA) Grant Program. Below you will find important information to note. Complete instructions and information can be found on the PA CDFI Network's site. Eligible businesses must: Be at least 51% owned and operated by individuals that identify as African American, Black, Hispanic, Native American, Asian American, or Pacific Islander. This target population is based on the U.S. Treasury Department's definition of disadvantaged individuals that historicall...
Businesses across Pennsylvania are facing a growing concern as the Pennsylvania Department of Revenue raises awareness about unreported use tax liabilities. According to Department records, numerous companies, and possibly yours, have not reported or remitted use tax within the past three years. The gap in use tax reporting has resulted in the Pennsylvania Department of Revenue issuing written communication to businesses alerting them to their responsibility. This communication should prompt a call to action for businesses to review their purchase invoices and assess their use tax obligations. Understanding Use Tax Pennsylvania residents or businesses that purchase taxable tangible personal property or services for use in the state owe a si...
Best wishes to you for a joyful holiday season. May your home be filled with happiness throughout the coming New Year. We appreciate your partnership and wish you continued success in 2024. May the season bring your family & friends together and create warm memories.From all of us here at BCEDC.
Profits and external partnerships are not the only factors determining a business's strength. If a company is internally fractured, the organization will crumble apart. You can fortify your enterprise by considering ways to enhance collaboration and draw your team together. Review the following recommendations to turn your business into an impenetrable fortress. Promote Better Communication Trust is the cornerstone of a strong organization, and solid communication creates the building blocks of that trust. As the company's leader, you set the tone for communication. To develop a culture of openness, start by modeling the behavior you want to see. Encourage employees to share ideas and concerns freely, without fear of retribution. Make it cl...
Are you looking for ways to fund training to upskill your new hires and current workforce?Is your workforce retiring, and you can't find candidates who already have the skills you need?Does your business require new technical skills that your current workforce doesn't have? If you answered "yes" to any of those questions, then Train to Retain is for you. Meet the experts who are helping area businesses every day to utilize federal funding and no-cost resources—collectively known as work-based learning—to upskill your employees and train your new hires, hire young adults for short-term projects, and develop Registered Apprenticeship programs for your most in-demand, hard-to-fill occupations. RSVP today! Train to Retain Thursday, November 16,...
October 25, 2023 | 9-10 AM Featured Expert: Erin StaffordTopic: Employee Burnout Erin will discuss ways businesses and organizations can revitalize their workforce by providing tools and tactics to sustain peak performance without burning out. Attendees will experience renewed excitement and engagement in their work and personal lives. WEDTalk Objectives: Keep teams happy and productive while working remotely and on-site Recruit, engage, and retain employees while maintaining a thriving company culture Maximize retention and breathe life into a tired and overwhelmed group WEDTalks are one-hour virtual masterclasses in trending workforce topics. This webinar series is a collaboration of workforce development boards in Bucks, Berks, Chester, ...
Beginning on January 1, 2024, many existing companies will have until January 1, 2025 to file reports with information about their “beneficial owners” with the federal Financial Crimes Enforcement Network (“FinCEN”); companies formed on or after January 1, 2024 must comply within 30 days of formation. The new law is an effort to combat money laundering and other crimes, and access to the database is generally limited to law enforcement agencies.
Who is required to report?
With some exceptions, corporations, limited liability companies, and any other entities that are formed by filing a document with the secretary of state or similar office of any state must file an initial report and update as information changes (or if incorrect information was filed).
Who are “beneficial owners”?
With some exceptions, “beneficial owners” are individuals owning 25% or more of the equity of a company and persons who substantially control the business (generally, individuals holding significant decision-making authority).