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An Economy Built to Last Starts with Small Business

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An Economy Built to Last Starts with Small Business

By nicoj
Published: February 1, 2012 Updated: February 2, 2012

Bo Davis was a student at George Washington University when he developed the technology behind Blackboard,  an online course manager now used by millions of college students.  Three SBA-backed loans later, Davis is now expanding another successful business venture, Wasabi sushi restaurants – and he’s still working with SBA to help him create jobs and expand.  When Davis started his company, he didn’t have the deep pockets that competitors had; but SBA was there to help put him on a level playing field with larger competitors.

Today at George Washington University in Washington, DC, SBA Administrator Karen Mills discussed how an economy built to last is rooted in entrepreneurs – and how SBA can help students launch their ideas and succeed in the marketplace.

       

Above: SBA Administrator Karen Mills sits down with the panel at George Washington University. Photo credit: Jessica McConnell Burt / The George Washington University.

The event, one in a series of panels at universities across the country, will showcase the importance of student entrepreneurs and SBA’s resources to help college-affiliated entrepreneurs start and succeed.

Here are some ways SBA is helping student entrepreneurs get started:

  • Providing free business counseling at universities in all 50 states through the Small Business Development Centers network.
  • Improving the start-up to IPO process for fast-growing companies and simplifying accounting regulations with the Startup America Partnership.
  • Helping cutting-edge technologies get to market through research and development grants from the SBIR program.
  • Supporting a loan portfolio of $90 billion dollars – including funding for starting up, buying equipment, expanding hiring, research and development, and much more. 
  • Ensuring that innovate small companies get their share of government contracts.

About the Author:

Nico Janssen
My name is Nico and I'm serving as a moderator for the Community.

Comments:

Wow, how interesting and diverse is this guy. A course management tool and sushi restaurants. I think there is a Wasabi place near my house.
really inspiring.. The government support is needed to help student entrepreneurs. Good job.
A fantastic case study and a wonderful example of the resources and support of the SBA has been put to good use. Congratulations to all.
Inspiring! I agree good commercial performance will help the economic improve! Apartment for rent

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