An Economy Built to Last Starts with Small Business
by nicoj, Community Moderator
- Created: February 1, 2012, 7:32 pm
- Updated: February 2, 2012, 3:19 pm
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
Top Rated Articles
About This Blog
The Official Blog of the U.S. Small Business Administration with news and views from top SBA officials