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The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs have funded great companies like Qualcomm, Genzyme, and iRobot in their earliest days. These federal programs are what help our entrepreneurs grow, succeed and create jobs, and the Obama Administration has made its success a priority. The good news is, the program was reauthorized for six years by Congress and signed into law by President Obama at the end of 2011. Since then, the Small Business Administration has been...
Exporting goods to South America just got easier for America’s small businesses. Today, the U.S. – Colombia Trade Agreement goes into effect, opening yet another fast-growing market to goods made in America. This exciting agreement marks a significant development in the Obama Administration’s efforts to expand access to American goods in emerging markets around the world. Colombia is home to the third largest economy in South America and this agreement builds on the significant potential for U.S. small businesses to...
On Thursday, May 17, 2012, SBA and the White House Business Council are heading to Detroit, Michigan for the Urban Economic Forum- connecting entrepreneurs and small business owners with business tools and resources. Thursday’s forum will cover topics like SBA guaranteed loans, government contracting programs and business counseling services. The Detroit Urban Economic Forum is the seventh in a multi-city series with upcoming forums in Chicago, IL and Columbus, OH. Speakers for this forum include- Administration: Cecilia...
This Tuesday, SBA and the White House Business Council will host the Urban Economic Forum in Kansas City, MO designed to connect urban entrepreneurs and business owners to local and national business resources and networks they need to start, grow and create jobs. The Kansas City Urban Economic Forum is the sixth of a multi-city series with upcoming forums in Chicago, Illinois, Columbus, Ohio, and Detroit, Michigan. Speakers for this forum include: · Marie Johns, Deputy...
On Tuesday, I had the honor of joining my colleagues at the Federal Reserve Board in Washington, D.C., for “Growing Economies in Indian Country: A National Summit,” a one-day event co-hosted by the Federal Reserve Board of Governors and the Federal Reserve Bank of Minneapolis. The Summit was the culmination of a 2011 interagency workshop initiative – “Growing Economies in Indian Country” – to produce a dialogue among tribal leaders, policymakers, financial industry professionals, universities and...
Can You Go to National Small Business Week and Get a Federal Contract? It Could Happen! If you were to ask a small business owner to identify a top priority on his or her wish list, undoubtedly they would say “to get more business!” Are you a small business owner looking for more business? Are you a small business owner looking to partner with larger businesses or federal agencies on federal contract opportunities? If your answer is “yes”, then you don’t want to miss the Business Matchmaking...
Note: Originally posted on Homeroom, the Department of Education's official blog. Small Business Administrator Karen Mills made her Twitter debut yesterday as she and Secretary Arne Duncan hosted an online Q & A responding to questions about how to start a new business, the loan repayment and forgiveness plans available to student loan borrowers, and how to find resources for aspiring entrepreneurs. Check out the entire Q&A on Storify. [View the story "#GradStartup Twitter Q&A with...
In today’s market, even though lending is on the rise, improvement is needed to ensure that our economy is sound and built to last. The SBA, through our loan guaranty programs, works daily to fill the gaps so more Americans can start, and grow small businesses. The CAPLines loan program is one instrument in the SBA tool kit that businesses are using to get the working capital they need. Designed to help small businesses meet their short-term and long term working capital needs, the program has been reworked...
For the past 50 years at SBA, we’ve always been proud to serve not only “Main Street” small businesses, but also the high-growth startups that drive the lion’s share of net new job creation each year in America. These startup companies often benefit from working with accelerator and university programs where they have access to mentors, untapped opportunities, and networking sessions with local capital and resource providers. Today, we are launching the Startup America Regional Accelerators and University...
When a friend or family member asks what you do to help small businesses, what do you say? I explain that I work for the U.S. Small Business Administration in our Loan Guaranty Processing Center (LGPC). I am very proud of the work we do here assisting small businesses around the country to start, build and grow their businesses through the SBA’s flagship 7a loan program. What’s your favorite thing about what the SBA does for small businesses? SBA lending is critical to the economic recovery of this country and is the backbone of...
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by Sean Greene, SBA Official on Wednesday, May 16, 2012 - 10:30