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ThinkLocalDC Business Relief Fund

TLF DC will expand on the 2020 PPP technical assistance we provided for DC Small Local Businesses in 2021. We plan to offer TLF Members the same assistance for the 2021 PPP allocation. This fund will current members, along with those who can not afford membership support. Please continue to donate to ThinkLocalDC Local Business Relief Fund
Local Spotlight

Winter Reading Challenge

The Winter Challenge has officially begun! The DC Public Library, Washington Wizards, Alexandria Library, and Prince George's County Memorial Library System invite children and teens (ages 5 - 19) to stay active and engaged this season by signing up for the Winter Challenge. Participating in the challenge is easy! Sign up through Beanstack.

Finance: Creating a Year-End Review

For small businesses, doing an end-of-year review is important to understand the impact of the pandemic on their businesses. Business.com explains how to create an end of year review, and how to use it to benefit your business. The review includes charitable giving, financial milestones, and major anniversaries. Include both your biggest accomplishments to inspire employees and customers alike, but also failures to increase accountability for the next year. Once created, the review can be disseminated to share with employees, customers, and social media. 


PPP 2021: What Small businesses need to know

The new Covid-19 relief bill passed last week includes funding for revamps of the PPP program. First, the Act allows new PPP loan applications to be submitted by eligible applicants that never obtained a PPP loan.  Second, the Act permits some businesses that have already obtained a PPP loan to obtain a second PPP loan, called a "PPP second draw."  Third, the Act changes PPP rules—for existing PPP loans, new PPP loans, and PPP second draws—in the areas of eligibility, allowable expenses, forgiveness, and more.  Read more about how these changes may impact your business from the National Law Review.



 



Retail: 46% of shoppers #ShopSmall 
According to a Comcast Business survey of more than a thousand consumers, 46% of respondents said they are more likely to shop with local or small businesses this holiday season than in previous years. Respondents said that alternative pick-up options attracted them to small businesses including, BOPIS (44%), curbside pickup (30%), and contactless payments (21%), per the report. Click here to read more from Retail Dive.

Labor: January Unemployment Benefits
The $900 billion relief package passed on Dec. 27th extends unemployment benefits, including for gig workers and independent contractors. The DCist reports that while labor experts and local officials have warned that residents may experience a delay in receiving benefits, DOES say the Department of Labor has indicated there will be no gap in benefit weeks. The agency advised claimants to continue filing weekly certifications.

Beauty: State of Report 2021
Retail Dive reports that the beauty industry could be back to 2019 levels in the U.S. by the first half of 2021, according to McKinsey & Company's State of Beauty 2021 report, unlike the apparel industry which is expected to have a slower comeback. Fragrances and color cosmetics have fared the worst in the pandemic, while skincare products have fared better. Read more about consumer trends in the beauty industry here.

Upcoming events
— DUE JANUARY 10 
AWESOME FOUNDATION


— JANUARY 18-31 
RESTAURANT WEEK TO GO



—FEBRUARY 24 & 25 —
GOOD BUSINESS SUMMIT '21

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