Congratulations Graduates! CMP 2023 Small Business Bootcamp Alumni

The CMP 2023 Small Business Bootcamp class concludes this Saturday, December 16th, marking the end of a challenging yet fulfilling 10-week course. As participants complete this comprehensive program, they are now well-prepared to embark on a rewarding entrepreneurship journey. Let's take a moment to celebrate this significant achievement🥳

This year's bootcamp represents our 29th annual class, a testament to our commitment to fostering small business success. Throughout the course, participants benefited from insights provided by experienced instructors from diverse industry backgrounds. Topics covered included business formation, legal matters, tax strategies, marketing insights, insurance essentials, financial management, small business resources, and more.

> Learn More about Small Business Bootcamp

Work for Yourself Workshop on December 6th

Larry, our Director of the Entrepreneurship Department, conducted an engaging Work for Yourself Workshop for one of our ALP classes, comprising 20 students. This specialized workshop is designed to empower seniors with the knowledge and resources needed to embark on the journey of self-employment.

During the workshop, Larry covered a range of topics, including the potential benefits and risks associated with working for oneself, generating creative business ideas, understanding the costs involved, and offering valuable guidance to help participants avoid pitfalls and scams. Additionally, the session provided access to trustworthy support systems and services essential for those considering self-employment.

> CMP Business Outreach Center also provides one-on-one business counseling

Empowering Chinese Small Business Owners Workshop 賦權華人小企業研討會

🙌 Join us on November 16 from 2–3 p.m. for the Empowering Chinese Small Business Owners Workshop (Chinese Mandarin). Register now to gain essential knowledge and tools for success!

歡迎參加 11 月 16 日下午兩點至三點所舉辦的賦權華人小企業研討會 (中文普通話)。立即登記從而獲得小型企業成功所需的知識和工具！

🗓️ Date: November 16

⏰ Time: 2 – 3 pm

📍 Location: Zoom, in-person (Homecrest Office, 1409 W7th Street Brooklyn, NY 11204)

Work for Yourself@50+ Virtual Workshop

💪We're excited to partner with AARP Foundation to bring you a unique opportunity! Our upcoming workshop is tailored for older adults who are eager to explore the ins and outs of self-employment.  

🗓️Join us on Tuesday, September 19th, from 7:00 p.m. to 8:30 p.m. (Chinese Mandarin via Zoom).

Click here to RSVP!

Small Business Bootcamp – Unleash Your Potential!

⏰Countdown to our 29th Annual Entrepreneurship Course! Starting September 30th over 10 weeks, the Small Business Bootcamp is your ticket to entrepreneurial success. With each Saturday class, you'll embark on an enriching journey of learning and growth.

📚Course Highlights:

• Business Formation

• Legal Matters

• Tax Strategies

• Marketing Insights

• Insurance Essentials

• Financial Management

• Small Business Resources

❕This course is conducted in English and costs just $100, fully refundable upon completion.

💥Join us to elevate your business expertise, connect with industry pros, and access invaluable advice and resources. Don't miss out! Contact CMP at CMP (212) 571-1698 or larrymei@cmpny.org  to secure your spot🌟

COVID-19 Capital Costs Tax Credit Program

Empire State Development is partnering with FORWARD to administer the $250M COVID-19 Capital Costs Tax Credit Program. Eligible NYS businesses can receive a refundable tax credit of up to $25,000 based on COVID-19 expenses.

To help small business owners better understand this program, FORWARD will be hosting a webinar this Wednesday, July 26th at 1:00pm. During the webinar, FORWARD will review the program, the application process and have a Q&A session.

RSVP for the webinar: https://bit.ly/COVIDTaxCreditWebinarJuly.

Business 101 Course

CMP is launching a FREE online Business 101 Course on June 7th! Join us for an exciting opportunity designed to empower entrepreneurs with the knowledge and skills necessary to establish and grow successful businesses. The course consists of 4 sessions:

1. 6/7/2023 (Wed.), 7PM - 8PM: Business Insurance and Risk Management

2. 6/14/2023 (Wed.), 7PM - 8PM: Business Formation and Taxes

3. 6/21/2023 (Wed.), 7PM - 8PM: Small Business Financing

4. 6/28/2023 (Wed.), 7PM - 8PM: First steps to Starting a Business

Courses will be conducted in Mandarin. We welcome all aspiring entrepreneurs, regardless of your background or industry. Don't miss out on this incredible opportunity to learn directly from industry experts, unlock your entrepreneurial potentials, and pave the way for success!

To register: call (646) 603-7172 or email moruliang@cmpny.org.

Small Business Workshop - Power of Capital

In collaboration with Chase Bank, CMP BOC (Business Outreach Center) will be hosting an online small business webinar Power of Capital on Wednesday, April 19, 2023, from 7pm to 8pm.

Join us for an informative and engaging discussion on the following topics:

• Think Strategically about Cash Flow

• Does your business need to borrow

• Why are you a good investment

• What financial data is important

• What are your credit options

• SBA Loan Programs

• Begin building your own empire

The webinar will be conducted in Mandarin and open to anyone interested in starting their own business. To RSVP, please visit https://bit.ly/CMPAPR19 or contact us at (646) 292-5380 / (646) 603-7172.

Small Business Financing Workshop

In partnership with Woori America Bank, CMP BOC will be providing an online Small Business Financing Workshop on Thursday, March 23, from 3 PM to 4 PM. Join the workshop to explore funding options and financial resources for your business!

The workshop will be conducted in English. To RSVP, please visit bit.ly/CMP323 or contact CMP BOC at (646) 292-5380 or (646) 603-7172.

Workshop - How to Start A Business

Have you thought about starting your own business but did not know where to begin? Attend our online workshop on How to Start A Business on March 16, 2023, Thursday, 3:00 PM-4:00 PM!

The workshop will be conducted in Mandarin and be open to anyone interested in starting their own business and becoming an entrepreneur.

To RSVP, please visit http://bit.ly/CMP316 or contact CMP at (646) 292-5380 or (646) 603-7172.

Win $10,000 for Your Business!

Citizens Bank is hosting their 6th Annual Small Business Community Champion Award Contest, which recognizes small businesses that make positive contributions within their communities!

The contest will award $10,000 each to 30 small businesses, including ten minority-owned and ten women-owned businesses. The contest is open until 5:00 p.m. ET February 7, 2023.

Your business could be one of 30 to win $10,000! To enter, please visit: https://www.citizensbank.com/businesschampion

Image from https://www.citizensbank.com/businesschampion

Workshop on Neighborhood Business Grant

CMP, in collaboration with NYC Small Business Service, will be hosting an online workshop on Neighborhood Business Grant on Thursday, December 8th, at 5 PM, to help entrepreneurs and small business owners learn more about the grant and how to apply.

The workshop will be conducted in Chinese Mandarin.

To RSVP, please visit:  授予信息會話 LM 12/8 Tickets, Thu, Dec 8, 2022 at 5:00 PM | Eventbrite, or contact CMP at (646) 292-5380 or jocelynliu@cmpny.org.

Develop a Marketing Strategy for Your Business

CMP, in collaboration with NYC Small Business Service, will be hosting an online workshop on Developing a Marketing Strategy on Wednesday, December 7th, from 6:00-8:00pm, to help entrepreneurs and small business owners learn about effective ways in promoting businesses and attracting customers.

The workshop will be conducted in Chinese Mandarin.

To RSVP, please visit:  https://www.eventbrite.com/e/lm-127-tickets-472827328267 

COVID-19 Capital Costs Tax Credit Program

Did your small business have extra expenses as a result of the COVID-19 Pandemic? If you answer YES, you may qualify for tax credits of up to $25,000 from New York State’s new COVID-19 Capital Costs Tax Credit Program!

Contact our Business Counselor: Moru Liang (email MoruLiang@cmpny.org or call (646) 603 - 7172) for more info or application assistance.

Seed Funding Grant Program for Small Businesses

CMP BOC is actively assisting early-stage small businesses with the NYS Seed Funding Grant Program application. Contact us: Jocelyn Liu, 646-292-5380, Jocelynliu@cmpny.org for more info or application assistance.

Eligible Business Qualifications:

1. Be incorporated in New York State or licensed or registered to do business in New York State and must be resident in the State of New York;

2. Be a currently viable Micro-business, Small business, or For-profit arts and cultural organization including independent arts contractors that started business on September 1, 2018 or later and has been operational for at least six months before an application is submitted;

3. Have between five thousand dollars ($5,000) and one million dollars ($1,000,000) in gross receipts per annum as reflected on their most recent Federal Business Tax Return or be able to demonstrate five thousand dollars ($5,000) in business expenses for businesses that have not yet filed a Federal Business Tax Return;

4. Be in substantial compliance with applicable federal, state and local laws, regulations, codes and requirements;

5. Not owe any federal, state or local taxes, or have an approved repayment, deferral plan, or agreement with appropriate federal, state, and local taxing authorities;

6. Not qualify for business assistance grant programs under the federal American Rescue Plan Act of 2021 or any other available federal COVID-19 economic recovery or business assistance grant programs, including loans forgiven under the federal Paycheck Protection Program, or are unable to obtain sufficient business assistance from such federal programs.

Grant Amounts

For firms that have already filed a Federal Tax Return for operations:

• Grant awards will be calculated based upon the annual amount of gross receipts as shown on their provided 2020 or 2021 business tax return.

• Businesses with $5,000 and up to $49,999.99 in gross receipts: Award is $5,000/business.

• Businesses with $50,000 – $99,999.99 in gross receipts: Award is $10,000/business.

• Businesses with $100,000 – $1,000,000 in gross receipts: Award is 10% of gross receipts with a maximum grant amount of $25,000/business.

For firms that have NOT filed a Federal Tax Return for operations thus far:

• Award is $5,000/business

For more info or application assistance, please contact CMP: Jocelyn Liu, 646-292-5380, Jocelynliu@cmpny.org.

Cooperative Business Education Workshop

CMP will be providing a “Cooperative Business Education Workshop” on October 20th, Thursday, 3:30 PM - 5:30 PM, through Zoom. The workshop will be conducted in Cantonese.

Participants will learn about how cooperative business ownership can help them achieve their goals, employee ownership and its benefits, and will also be introduced to the characteristics of businesses well-positioned to sell to employees and transition to cooperative ownership.

RSVP here: bit.ly/BOC-CMP. If you have any questions, please contact us: Moru Liang, moruliang@cmpny.org or 646-292-9672.

Webinar on Commercial Lease

In partnership with NYC Small Business Services (SBS), CMP will be hosting a FREE online workshop on Commercial Lease on Tuesday, 9/20, at 6:30 PM - 7:30 PM.

The workshop will be conducted in Mandarin. To RSVP, please call us at (646）292-5380 or visit www.eventbrite.com/e/lm-920-tickets-400322504387?aff=ebdsoporgprofile

Workshop on Small Business Finance and Budgeting

CMP will be hosting a FREE webinar on “Small Business Finance and Budgeting”, Wednesday, June 29th from 7:00-8:00 PM. The workshop will teach business owners and entrepreneurs the fundamentals of financial management and budgeting, including cash flow analysis, income statement, balance sheet, etc.

The webinar will be held on Zoom in Chinese Mandarin. To RSVP, please visit https://bit.ly/CMP629. For more information, please call us at (212) 571-1698.

To Sell Your Products/Services Online

CMP BOC will be hosting a 2-day online course “Steps to Creating an Ecommerce Store” on Tuesdays, June 14th and 21st, at 7:00-8:30pm, to help entrepreneurs learn about launching and growing an online business.

Course topics include:

• building an online store from scratch

• advantages and challenges of selling online

• marketing strategies to promote online business.

Classes will be held in Chinese Mandarin. RSVP at https://bit.ly/CMPECOM. Questions can be directed to Jocelyn Liu at (646) 292 - 5380 or jocelynliu@cmpny.org

Getting Money for Your Business

In partnership with TD Bank, we will be hosting a webinar “Getting Money for Your Business” on Thursday, June 16th from 7:00-8:00 PM to assist startups and small businesses to navigate the complex world of business credit and financing.

Topics will include:

• building business credit

• establishing a banking relationship

• securing short-term and long-term funding.

The webinar will be conducted in Chinese Mandarin. To RSVP, please visit https://bit.ly/CMPJUNE16.