When the President challenged the nation to double exports in five years, U.S. government agencies worked closely together to increase access to export financing and foreign market opportunities. Under a new, multi-agency initiative, several federal agencies collaborated to combine their trade finance programs and export marketing services into a one-stop platform. U.S. Global Business Solutions, a new approach for assessing and meeting the business needs of small business exporters, will be piloted for six months beginning this week. A group...
One of the biggest challenges to both current and potential exporters is access to accurate, reliable information about the markets they want to tap. One of the most common ways large exporters address this issue is by contracting “expert” help in each country or region where they do business, that is, a local representative or source in position to provide both information and market analysis. This type of service can be -and usually is- costly. If you happen to be a large exporter, cost may not be a major issue, but for small...
Note: This blog is jointly authored by SBA Administrator Karen Mills and Tom Vilsack, Secretary of the U.S. Department of Agriculture. It first appeared on Whitehouse.gov on June 19. This week is National Small Business Week. The U.S. Small Business Administration (SBA), along with agencies across the Obama Administration, are hosting events in five cities. These events provide expert advice, mentoring and explore topics ranging from access to capital to exporting. Small businesses across the country can tune into these events via...
This year marks the 50th anniversary of National Small Business Week. Although things have certainly changed since President Kennedy signed the first Presidential Proclamation in 1963, one thing that hasn’t changed is America’s entrepreneurial spirit and the important role that small business owners play in our economy and our communities. This week, President Obama has continued America’s tradition of honoring the spirit and success of American small business owners by proclaiming June 17 - 21 to be 2013’s...
SBA is gearing up for National Small Business Week, June 17-21. This year we are taking the show on the road offering educational panels and workshops on topics like how to start business, social media 101, how to protect your business against cyber security threats, how to start exporting, just to name a few. The week will kick off in Seattle on June 17, followed by events in Dallas, St. Louis and Pittsburgh. We’ll end the week in Washington, DC were we will honor small businesses from across the United States and...
National Small Business Week, June 17-21, will feature dozens of successful small businesses from across the country, including entrepreneurs who started their business after age 50. This year marks 50 years of National Small Business Week, and is fitting to highlight the thriving small business owners over the age of 50 who help drive the economy and create jobs. The businesses range from a baker of Artisan breads to a helicopter pilot school, and from a maker of skincare and cosmetic products to an aerospace design firm. The U.S. Small...
All across the country today there are promising startups looking to scale their businesses and to bring innovative, game changing ideas to market. The ability of these businesses to access long-term, patient capital is critical to their success and to the growth of the American economy. However, today only six percent of venture capital is going to early stage rounds of between $1 and $4 million, creating a Valley of Death for many new businesses. Compounding this lack of early stage capital is the fact that 70 percent of venture capital goes...
As we mark the end of Asian-American Pacific Islander (AAPI) Heritage Month this May, the U.S. Small Business Administration (SBA) recognizes how important the success of America’s 1.5 million AAPI- owned businesses is to the strength of our economy. With more than 2.8 million workers, these firms are fueling job creation and strengthening our communities at a critical time in our economic recovery – and SBA is here to help them grow and succeed. Four years ago, America’s small businesses and entrepreneurs were...
Even before the big storm hits, small businesses start losing money once the severe weather advisories go out. The cost of shutting down, even for a few hours, is a huge expense most small businesses aren’t prepared to cover. Hurricane Sandy caught most people off guard. The late-season storm brought flooding and power outages that caused billions in losses. The SBA approved more than 3,600 disaster loans for $393 million to businesses affected by Sandy. When you add the home disaster loans made by SBA, more than 35,400 loans were...
SBA recently hosted a Google+ Hangout to honor World Trade Month. The panel of guests talked about common “rookie mistakes” and listed many resources that can help small businesses get started exporting. You can watch the Hangout below. If you have any questions about exporting, you can tweet them using the hashtag #TradeChat. Resources www.business.usa.gov www.sba.gov/exporting business.usa.gov www.trade.gov/advocacy www.exim.gov www.ups.com/content/us/en/bussol/browse/international-trade-guidance.html www.ups.com/...
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The Official Blog of the U.S. Small Business Administration with news and views from top SBA officials
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