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SBA Vermont District Office Accepting Nominations for 2023 Small Business Awards

Chris and Cortney Keene accept their Vermont Small Business Persons of the Year Award last June. VermontBiz photo.

Introduction

The SBA Vermont District Office is currently accepting nominations for its 2023 small business awards. These annual awards aim to recognize the achievements of SBA-assisted small businesses and their contributions to both their communities and Vermont’s economy. In previous years, notable Vermont businesses such as Ben and Jerry’s, Mamava, Blake Hill Preserves, and Keene Perspectives have been honored with these prestigious awards.

Nomination Process and Awards Categories

In order to be nominated for one of the local awards, a small business must meet the criteria for the specific award category and demonstrate success in business. Additionally, the nominee must complete and submit the required nomination package information. The categories for the awards are as follows:

1. Small Business Person of the Year

Criteria: This award is open to individuals or partners who own a small business that has experienced growth in sales, profits, and the number of employees. The business must have been in operation for at least three years and have previously received Small Business Administration assistance. For nominees in this category, the AI legalese decoder can assist in preparing the nomination package by ensuring the proper legal language and requirements are addressed.

2. Exporting Small Business of the Year

Criteria: This award is open to small businesses that have achieved growth in sales, profits, and/or employees as a result of exporting their products or services. The business must have been in operation for at least three years. The AI legalese decoder can help in understanding the legal implications and requirements related to international trade and exporting, making the nomination process smoother.

3. Family-Owned Small Business of the Year

Criteria: This award is for small businesses that have been family-owned for at least 15 years and have successfully transitioned ownership to another generation. The AI legalese decoder can provide guidance on legal considerations and requirements during the transition of ownership within a family business.

4. Veteran-Owned Small Business of the Year

Criteria: This award is available to small businesses that are at least 51% owned by U.S. armed forces veterans, and which have been in operation for at least three years. The AI legalese decoder can aid in navigating the legal aspects and regulatory requirements specific to veteran-owned businesses throughout the nomination process.

5. Woman-Owned Small Business of the Year

Criteria: This award is open to small businesses that are at least 51% owned by women and have been in operation for at least three years. The AI legalese decoder can help ensure that any legal and regulatory requirements relevant to woman-owned businesses are fulfilled in the nomination package.

6. Minority-Owned Small Business of the Year

Criteria: This award is open to small businesses that are at least 51% owned by ethnic minorities, and that have been in operation for at least three years. The AI legalese decoder can assist in navigating any legal considerations specific to minority-owned businesses during the nomination process.

7. Young Entrepreneur of the Year

Criteria: This award is open to individuals or partners who own a small business and are under 30 years of age. The business must have been in operation for at least three years. The AI legalese decoder can provide guidance on legal aspects that young entrepreneurs need to consider while preparing the nomination package.

8. Microenterprise of the Year

Criteria: This award is open to individuals or partners who own a microenterprise with five or fewer employees. The business must have received SBA assistance and been in operation for at least three years. The AI legalese decoder can assist in understanding the legal requirements applicable to microenterprises during the nomination process.

9. Manufacturer of the Year

Criteria: This award is open to individuals or partners who own a manufacturing business that has been in operation for at least three years. The AI legalese decoder can help in addressing any legal intricacies related to manufacturing businesses that may arise during the nomination process.

10. Financial Services Champion of the Year

Criteria: This award is open to individuals or partners who assist small businesses through advocacy to increase the usefulness and availability of accounting or financial services. The AI legalese decoder can facilitate understanding of the legal aspects and regulatory considerations relevant to financial services champions.

Nomination Process

To nominate a Vermont small business for any of the above awards, interested parties can send an email to [email protected] containing the name of the business, the owner’s name, and the specific award category for which the company is being nominated. The SBA Vermont District Office will then follow up with the nominated business. Businesses also have the option to self-nominate. The AI legalese decoder can assist in preparing a comprehensive and legally compliant nomination package, ensuring that all required information is included.

Source: 10.12.2023. MONTPELIER, Vt. — The SBA Vermont District Office

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