Today on Capitol Hill, I joined leaders of JP Morgan Chase as they announced a five-year, $30 million philanthropic investment to support the pioneering work of American small businesses joining “regional clusters.” Clusters are public-private partnerships that convene a region’s corporations, small businesses, universities, investors and regional economic organizations to achieve synergies and productivity levels that a single company could not. Chase’s commitment is believed to be the largest private-sector...
It has been an exhilarating first 100 days on the job. When I was sworn in as SBA Administrator in April, I promised to “get more loans into the hands of entrepreneurs who reflect the diversity of America by making it easier for community banks and microlenders to become our partners.” Following up on this promise, I recently announced a transformative new plan to automate SBA lending and streamline and simplify the agency’s underwriting process to attract more lending partners and open up new markets for small business...
Three years ago, entrepreneur Maurice Brewster made one of the best business decisions of his life: He signed his limousine company, Mosaic Transportation, up for IBM’s Supplier Connection – a collaboration between small businesses and the supply chains of Fortune 500 corporations It was a wise decision because small firms that enter the supply chains of major corporations grow their revenue by an average of 250 percent and their workforce by an average of 150 percent. In three years, Maurice has signed contracts with seven major...
Last Wednesday, June 18th, SBA had the pleasure of hosting Junior Achievement USA and the teen competitors of Junior Achievement’s National Business Plan Challenge. Junior Achievement is the world's largest organization dedicated to educating students in grades K-12 about entrepreneurship, work readiness and financial literacy through experiential, hands-on programs. The organization has a reputation for preparing America’s best and brightest youth for entrepreneurship and business ownership and I was thrilled by their visit....
In honor of LGBT Pride Month, the SBA is teaming up with the Human Rights Campaign, America’s largest civil rights organization working to achieve lesbian, gay, bisexual, and transgender (LGBT) equality, and the National Gay & Lesbian Chamber of Commerce to provide free trainings for small business owners. A schedule and instructions on how to sign up are below: Webinar: Making Your Small Business Workplace LGBT-Inclusive Wednesday, June 25 at 2:00 PM ET SBA is teaming up with the Human Rights Campaign to present a free...
This Saturday, we celebrate Flag Day, a day that commemorates the adoption of the flag of the United States on June 14, 1777. The United States Army also celebrates its 239th birthday on June 14, 2014. The U.S. Small Business Administration wants to take this opportunity to wish the Army a Happy Birthday, while expressing our gratitude to all the men and women, in every branch of U.S. military service, who serve our country. Veterans deserve to live the American Dream they helped to defend, and the SBA is committed to...
Editors note: This article was originally posted on the Official Yelp Blog. Yelp and the U.S. Small Business Administration (SBA) hit the road back in January to educate small business owners across America on what it takes to have success in a world where more consumers are using online reviews to make purchasing decisions. We concluded our Success With Online Reviews tour last week in Miami, where we were joined by partners from the Small Business Development Center, the Coral Gables Chamber of Commerce, and 880 AM the Biz...
The Small Business Administration (SBA) will host Boots to Business: Reboot, an entrepreneurship training course for Veterans in twelve cities across the U.S. Each event, led by SBA Resource Partners and industry experts from Syracuse University’s Institute for Veteran and Military Families (IVMF), will host up to 100 Veterans for a two-day Introduction to Entrepreneurship class. Boots to Business: Reboot, will introduce veterans to the fundamentals of business ownership, and lead participants through the key steps for evaluating...
Most employees at small businesses worry about their safety in the event of an emergency, according to a recent survey by Staples, Inc. And those fears range from “does my company have an emergency plan in place?” to “what happens to my paycheck if this place had to close for a few days because of a power outage?” The Staples survey—conducted online in May 2014—found that workers at businesses with fewer than 50 people are less sure of who is in charge of emergency planning than employees at larger...
In honor of Asian American and Pacific Islander (AAPI) Heritage Month, the SBA’s Office of Faith Based and Community Initiatives highlighted the role of AAPI community leaders in promoting and assisting local economic growth on Main Street, strengthening America as a global leader and helping develop the next generation of startup entrepreneurs and business leaders. As President Obama stated in his proclamation “During Asian American and Pacific Islander (AAPI) Heritage Month, we celebrate the accomplishments of Asian...
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