“New Federal Reporting Requirements for Small Businesses”

by Charlie Schmidt, Law Librarian at Richmond Public Library

As of January 1, 2024, most small businesses will have to report to the federal government who owns the business. The mandatory reporting is the new Beneficial Ownership Information (BOI) Reporting system set up by the Financial Crimes Enforcement Network (FinCEN), which is a division of the U.S. Treasury Department. Many small businesses owners may not know they need to register. But the FenCEN website is very user friendly and has step-by-step instructions to file a report. The information is easy to follow, but, as with any type of legal compliance, there are always grey areas.

Read more about the Beneficial Ownership Information Reporting requirements in Charlie’s blog on the Richmond Libraries website.

VEDP International Trade Offers Value Proposition & Pricing Workshop

VEDP is hosting Dr. Colm Reilly from OCO Global, one of VEDP’s Global Network Consultants, the week of April 22nd as he offers one-on-one Value Proposition and Pricing Workshops customized to individual businesses.

Dr. Reilly is an experienced professional with a track record and international experience in Economic Development including Industrial Cluster Development, R&D, International Trade and Foreign Direct Investment and Entrepreneurship. His experiences have been initially informed by multi-national companies (Novartis, Fujitsu, and Electrolux) and he is most familiar with Europe, North America, and the Middle East where he has run significant operations.

In this workshop, companies will:

Discover the key characteristics of a successful exporting company.
Understand case studies from Virginia-based businesses who are successfully exporting.
Learn what international buyers are really looking for. Understand how their business can systematically approach international markets for growth.
Apply these learnings and build a roadmap to export in the future.

The one-hour workshop material is certified by the UK’s Chartered Management Institute and delivered in an interactive manner.

Companies can click on this reservation link to see available dates, times and locations to attend the workshop: http://go.exportvirginia.org/vedpvaluepricingworkshop.

Shop Local Open Rewards Program

Goochland County residents and visitors can now save money while supporting small businesses with the new Open Rewards program. Launched as a partnership between Goochland County Economic Development, Goochland County Economic Development Authority, and technology company BluDot, this customer rewards program encourages customers to earn cash back rewards while spending at local businesses.

Thanks to the Goochland County Economic Development Authority, there is NO COST for Goochland's business. The Goochland County Economic Development Authority invested $5,000 to pilot the Open Rewards program.

Customers will earn and redeem rewards through an app by scanning receipts from purchases made at local businesses. Consumers can earn 5% back in rewards (paid by EDA funds) for each local transaction. They then can then redeem their rewards through purchases at other local businesses. PLEASE NOTE THAT THIS IS AN AS SUPPLIES LAST PROGRAM AND IF YOU DO NOT REDEEM BEFORE THE $5,000 RUNS OUT, YOU ARE NOT ENTITLED TO THE REWARDS IN YOUR ACCOUNT. The success and sustainability of this program will help determine whether or not the program gets re-funded when funds run out.

Click here to access Goochland's Shop Local Webpage for more info.

Explore Goochland!

goochland day 2024

Get ready to celebrate all things GOOCHLAND!

Join your friends & neighbors on May 17th, Friday night for a concert featuring Good Shot Judy. Gates open at 5pm and only $10 per ticket. Then...

Goochland Day Parade & Festival on Saturday, May 18th. Parade starts at 10am followed by a fun-filled festival until 3pm!

Upcoming Events You Don't Want to Miss!

Capital Region SBDC Goochland Business Hours Flyer

Attention Tourism Businesses! Virginia Restaurant, Tourism, and Lodging Workshop in Goochland County!

Goochland Economic Development and Tourism is hosting a Virginia Restaurant, Lodging, & Travel Association (VRLTA) workshop at our offices on Tuesday, April 30th from 9:30 to 10:30 AM. This will be your opportunity to learn more about VRLTA and the work they do to support the restaurant and tourism industries in Virginia. You will also hear about the benefits of being a VRLTA member. This is a great opportunity for you to connect with an organization who greatly supports your industry and learn more about how they can benefit your business.

Register by clicking here!