Did you know that the world’s population already surpasses 7 billion? Did you know that more than 95 percent of the world’s consumers live outside the United States? U.S. exports of goods and services accounted for 14 percent of the national GDP in 2008 and climbed to 14 percent in 2012. These numbers show the growing role exports are playing in our nation’s economic recovery. The surprising fact about these numbers is that only less than one percent of the 30 million plus companies in the U.S. are engaged in exporting. Can...
NOTE: This blog is by Pravina Raghavan, Director, Innovation and Technology at SBA. Today, I was pleased to join Roland Tibbetts, the father of the SBIR program, our SBA Administrator Karen Mills and Senator Mary Landrieu, Chair of the Senate Small Business and Entrepreneurship Committee, in recognizing eighteen small businesses and three individuals for the critical role they play in research and development and commend their success in driving innovation and creating new jobs. In addition, three past participants in SBIR who represent...
America’s small information technology firms are some of the most innovative in the world. They are nimble, creative and can get the job done. And thanks to a new online government platform, it is getting easier for them to address some of the Federal Government’s most pressing IT needs. It’s a win-win: Small technology companies get easier access to the Federal Government’s nearly $77 billion information technology supply chain, providing a potentially critical revenue stream as they build their operations. And...
Thinking about exporting, but don’t know where to start? As part of World Trade Month, SBA will host a Google+ Hangout on May 22. The hangout will highlight ways that business can use federal government resources to increase exports. When: Wednesday, May 22 at 3pm ET Who: Dario Gomez, U.S. Small Business Administration, Associate Administrator for International Trade Antwaun Griffin, U.S. Department of Commerce- International Trade Administration, Deputy Assistant Secretary for Domestic Operations Dontai Smalls, UPS,...
This blog is by Don Graves, Deputy Assistant Secretary for Small Business, Housing, and Community Development Policy at the U.S. Department of Treasury and has served as Executive Director of the President's Council on Jobs and Competitiveness. This blog first appeared at Treasury.Gov. President Obama and Secretary Lew are committed to creating an environment where America’s small businesses can grow and prosper. An essential aspect of making sure these engines of job creation succeed is ensuring that entrepreneurs and...
by Anonymous, on Tuesday, April 30, 2013 - 11:59
President Barack Obama recently proclaimed April National Financial Capability Month. Recognizing the importance of smart financial planning in achieving the American Dream, this month calls on individuals to empower themselves by seeking knowledge and tools for strong financial capability. Nowhere is financial literacy more important than in the small business community. Small businesses are the embodiment of the American dream and the backbone of the American economy, creating 64 percent of the net new jobs created...
Export, trade and finance related agencies across the federal government are teaming up during World Trade Month - May 2013 - to host a series of Twitter Q&A’s for U.S. companies. Businesses can participate by tweeting their questions using the hashtag #TradeChat during the scheduled times. This Twitter chat series will provide U.S. companies with exporting solutions, including information on the resources available to begin or expand exporting goods and services to overseas markets. The Twitter chats will also provide an...
It’s been six months since Hurricane Sandy struck the East Coast and signs of recovery are emerging. Businesses are reopening, homeowners are rebuilding and communities are rebounding. I’m proud to say that the SBA, together with our federal partners, stepped-up to provide assistance to those affected by Sandy. SBA has approved more than 34,000 disaster loan applications for a dollar total of $2.2 billion – making Hurricane Sandy the third largest natural disaster in terms of SBA disaster lending in U...
NOTE: This blog is by Cassius Butts, SBA Regional Administrator Being a supplier to a large business is a game changer. But, we know that small businesses often lack the capital, skills and access to market opportunities to be effective suppliers. We want to change that! That’s why the U.S. Small Business Administration (SBA) launched the American Supplier Initiative, a federal government-wide initiative designed to increase government and commercial supply chain opportunities for small firms. This is important...
Federal contracting with small businesses is a win-win. Every year, the U.S. government awards nearly $100 billion in federal contracts to small businesses, allowing these businesses to grow their revenues and create jobs right here at home. Meanwhile, the federal government gets the chance to work with some of the most responsive, innovative and nimble companies in the United States. During the first three years of the Obama Administration, the federal government awarded $286.3 billion in federal contract dollars to small...
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