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FASTTRAC START-UP PROGRAMThe City will begin accepting applications online for its 3rd cohort of the Kauffman Foundation FastTrac® Start-Up Program on Monday, January 10. This FREE entrepreneurship program is provided at no cost to participants.
Participants will develop a clear business concept and learn how to:
• Identify market needs
• Explore risk and success factors
• Build a solid business plan
• Create an elevator pitch
• Understand business fundamentals
• Network with entrepreneur professionals
• Access business, financial and human resources
***TOP 3 PITCH COMPETITION FINALISTS WILL BE ELIGIBLE FOR SEED MONEY TO LAUNCH THEIR BUSINESS!***
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Broward County’s November Jobs Grew 34,900 and Unemployment Went Down to 3.8%Broward County’s job report indicated a 3.8 percent unemployment rate in November 2021. This rate was 1.4 percentage points lower than the region's year ago rate of 5.2 percent. The labor force was 1,053,694, up 57,845 (+5.8 percent) over the year. There were 39,980 unemployed residents in the region.
Nonagricultural employment in the Ft. Lauderdale-Pompano Bch-Deerfield Bch Metro Division was 849,000, an increase of 34,900 jobs (4.3 percent) over the year.
“We’re very pleased to see that the overall year-over-year job growth trends and unemployment rates decline continued in November nearly reaching pre-pandemic levels. The interest from companies looking at Greater Fort Lauderdale as a location of choice and local expansions in our target industries remain very strong.” said Greater Fort Lauderdale Alliance President and CEO Bob Swindell. “We thank our many partners and investors, and leaders at Broward County and our cities, who have been working with us to grow and diversify our economy over these past challenging months.”
Data and Analysis
In the month of November, the majority of industries gained jobs compared to the previous year, with the exception of Financial Activities (-100 jobs, -0.2%).
The construction (+12.1 percent) and manufacturing (+5.3 percent) industries grew faster in the metro area than statewide over the year.
The Ft. Lauderdale-Pompano Beach-Deerfield Beach Metro Division had the highest annual job growth compared to all the metro areas in the state in construction (+5,700 jobs) and manufacturing (+1,400 jobs).
Month to month growth comparison shows a slight decrease in a few industries.
Florida’s seasonally adjusted unemployment rate was 4.5 percent in November 2021, down 0.1 percentage point from the October 2021 rate, and down 0.9 percentage point from a year ago. There were 483,000 jobless Floridians out of a labor force of 10,632,000. The U.S. unemployment rate was 4.2 percent in November. Florida’s seasonally adjusted total nonagricultural employment was 8,960,200 in November 2021, an increase of 51,100 jobs (+0.6 percent) over the month. The state gained 485,600 jobs over the year, an increase of 5.7 percent. Nationally, the number of jobs rose 4.1 percent over the year.
The November 2021 total nonagricultural employment has not reached the pre-pandemic levels in February 2020.
The unemployment rate in Palm Beach County was 3.5 percent in November 2021. This rate was 0.9 percentage points lower than the region's year ago rate of 4.4 percent. The labor force was 756,082, up 48,868 (+6.9 percent) over the year. There were 26,537 unemployed residents in the region. In November 2021, nonagricultural employment in the West Palm Bch-Boca Raton-Delray Bch Metro Division was 641,900, an increase of 31,000 jobs (+5.1 percent) over the year.
For Miami-Dade County, the unemployment rate was 3.7 percent in November 2021. This rate was 4.5 percentage points lower than the region's year ago rate of 8.2 percent. In November 2021, nonagricultural employment in the Miami-Miami Beach-Kendall Metropolitan Division was 1,197,800, an increase of 70,100 jobs (+6.2 percent) over the year. In November 2021, the labor force was 1,352,182, up 54,038 (+4.2 percent) over the year. There were 49,473 unemployed residents in the region. |
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CareerSource Broward Recruiting Employers for Summer Youth Employment ProgramCareerSource Broward (CSBD) is actively recruiting Broward County employers to participate in its 2022 Summer Youth Employment Program. Participating employers will have the opportunity to boost workplace productivity with an extra set of hands and invest in the community through a positive influence on Broward County’s future workforce. (SYEP). Learn about the program and apply here. |
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SBA now accepting nominations for 2022 National Small Business Week AwardsNominations are now being accepted for the 2022 National Small Business Week awards. The NSBW Awards recognize the achievements of SBA-assisted small businesses and the contributions they have made to their communities and our nation’s economy.
All nominations should be submitted electronically by 3 p.m. EST on January 11, 2022. To nominate a small business owner in your area or download related forms, criteria, and guidelines, visit here.
Nominations for the following categories will be accepted:
SBA South Florida District Office Awards:
Small Business Person of the Year (National and District) Small Business Exporter of the Year (National and District) Minority Business Owner of the Year Veteran Business Owner of the Year Woman Business Owner of the Year Rural Business Owner of the Year Small Business Advocate of the Year Small Business Community Partner of the Year
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The HollywoodLGBTQ+ Council is presenting the Inaugural MyHollywoodPride event on January 22, 2022. A collection of exhibitors will be featured. Be a part of the celebration. Promote your business. Register here to be an exhibitor! |
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Learn from Industry Experts and Successful PeersThe conference is designed to help entrepreneurs, business owners, and professionals: Maximize existing assets Discover resources to amplify growth potential Explore opportunities throughout Broward County and beyond Connect with industry colleagues and peers across multiple disciplines And more!
Who Should Attend? |
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Available Grants and/or Loans and Credit Program |
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Paycheck Protection Program borrowers: If your loan is $150,000 or less, you may be eligible to apply for direct forgiveness through the SBA, using their online portal. Follow the steps below. Find out if your lender is participating. Watch a video about how to use the portal. Apply for forgiveness.
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Critical Questions & Information Needed to Do Proper Business Planning Join this hands-on webinar session, led by SCORE Mentor John Tile, which will cover: The basics of a business plan and will provide a few samples A step-by-step process to develop the key information for your business plan What you will need in order to do a simple business plan for yourself and a more detailed business plan if you need a bank loan
Upon completion of this webinar, you will have the key information that you will be able to use with your SCORE mentor in follow-up sessions to develop your formal business plan. Register Here
Tuesday, December 28 • 1PM • Webinar Event • Free
Government Contracting: Overview The “Government Contracting Overview” seminar, presented by the Florida PTAC at UCF in partnership with the Florida SBDC at UCF, is designed for established small business owners with some commercial momentum that are curious about government contracting, as well as business owners that may already be involved in government contracting. Register Here
Wednesday, January 5 • 9AM • Webinar Event • Free
Learning from the best: The Jeff Bezos Story from a Risk Management PerspectiveThis presentation examines Amazon in terms of actions taken by CEO Jeff Bezos…but the same factors are faced by small businesses every day, although there might be fewer zeros on the numbers…to deal with risk and uncertainty. Register Here
Wednesday, January 5 • 12PM •Webinar Event • Free
2022's Hottest Businesses, Markets & Trends Join this timely webinar, presented by small business expert and best-selling author Rieva Lesonsky, where you’ll learn about the breakthrough small business ideas and industries that exciting consumers. Find out about America’s changing demographics, attitudes, and consumer behaviors, and how your small business can best adapt and address them. Register Here
Thursday, January 6 • 1PM •Webinar Event • Free
2022 Florida Economic Outlook & Jobs Solution SummitFlorida is at a crossroads and to become the 10th largest global economy by 2030. Receive an exclusive 2022 Florida economic forecast, a national economic outlook, and invaluable insight into Florida’s evolving workforce needs, population growth, small business economic impact, and more.
Register Here
Friday, January 7 • 1PM • Virtual Event
SBA Workshop: Legislative Changes Update Every year SBA regulations are modified by a myriad of legislative changes; this presentation will address the most significant proposals for NDAA 2022 to include: - Set-aside goaling increases
- NDAA legislative proposal to raise sole-source threshold levels for 8(a), HUBZone, WOSB/EDWOSB contracts
- WOSB/EDWOSB amendments to the FA
Register Here
Wednesday, January 12 • 1PM • Webinar Event • Free
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Reminder:
New Noise Regulations
Now in EffectEffective June 1st, select Hollywood businesses must have a Noise Level Detection Device installed. Learn more about the new rules in effect for residents, business owners, and vacation rental property owners here.
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