SBA Awards Almost $3M in Grants to Assist Arkansas, Maryland, and South Dakota Entrepreneurs Fight Rise in Cyberattacks and Threats
WASHINGTON, Aug. 23, 2022 /PRNewswire/ — Immediately, Administrator Isabella Casillas Guzman, head of the U.S. Small Enterprise Administration (SBA) and the voice for America’s 33 million small companies in President Biden’s Cupboard, introduced practically $3 million in new funding for 3 state delegates to assist rising small companies develop their cybersecurity infrastructure. Arkansas, Maryland, and South Dakota representatives are receiving grants that can assist ship cybersecurity help to nascent and startup enterprise homeowners as a part of the SBA’s Cybersecurity for Small Enterprise Pilot Program.
“Cybersecurity is more and more essential for small companies and startups as they face rising challenges and cyber dangers that might disrupt their operations. As we search to construct a stronger and extra inclusive entrepreneurial ecosystem, we should innovate and supply assets to satisfy the rising, evolving wants of our numerous small companies. With this new funding alternative, the SBA is leveraging the strengths throughout our state governments, territories, and tribal governments to supply providers to assist small companies get cyber prepared and, within the course of, fortify our nation’s provide chains,” mentioned SBA Administrator Guzman.
Awarded States and Establishments are:
Arkansas – Forge Institute – $999,650.66
Maryland – Division of Commerce – $930,155.00
South Dakota – Dakota State College – $999,933.00
“This pilot program catalyzes our efforts to assist small companies fight cybersecurity threats,” mentioned SBA Affiliate Administrator for the Workplace of Entrepreneurial Growth Mark Madrid. “These grants empower state governments to innovate, develop new assets, and scale options to guard extra small companies from dangerous cyberattacks.”
In regards to the Cybersecurity for Small Enterprise Pilot Program
Cyberattacks are a rising risk to small companies and the U.S. financial system. In keeping with the FBI’s Web Crime Report, the price of cybercrimes towards the small enterprise neighborhood reached $2.4 billion in 2021.
Small companies are engaging targets as a result of they’ve data that cybercriminals need, and so they usually lack the safety infrastructure of bigger companies.
In keeping with an SBA survey, 88% of small enterprise homeowners felt their enterprise was weak to a cyberattack. But many companies cannot afford skilled IT options, have restricted time to commit to cybersecurity, or do not know the place to start.
The Federal price range for the Cybersecurity for Small Enterprise Pilot Program for 2021-2022 is $3,000,000. SBA awarded three awards, with no single award exceeding $1 million. The interval of efficiency for this award is one-year (12 months).
To study extra about SBA’s packages and providers associated to cybersecurity, go to www.sba.gov/cybersecurity.
To search out further SBA native assets, go to www.sba.gov/local-assistance.
In regards to the U.S. Small Enterprise Administration
The U.S. Small Enterprise Administration makes the American dream of enterprise possession a actuality. As the one go-to useful resource and voice for small companies backed by the power of the federal authorities, the SBA empowers entrepreneurs and small enterprise homeowners with the assets and help they should begin, develop or develop their companies, or get well from a declared catastrophe. It delivers providers by means of an in depth community of SBA area places of work and partnerships with private and non-private organizations. To study extra, go to www.sba.gov.
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SOURCE U.S. Small Enterprise Administration