America’s 28 million small businesses are the backbone of our economy. This past week, the Taxpayer Relief Act of 2012 delivered them some really good news. The solution reached by the President and Congress included extensions of several small businesses tax incentives designed to spur innovation, support capital investment, and make it easier to hire new workers. In fact, the legislation extended some of the most important tax credits that the President signed into law during his first term. In addition,...
President Obama has made creating a more efficient government a top priority. As part of this effort, he has called on Federal agencies to streamline their rules and requirements through reducing paperwork burdens. At the Small Business Administration, we’ve eliminated more than a hundred of pages of paperwork from our loan applications and simplified our programs, increasing access and opportunity for America’s small businesses and entrepreneurs and saving them time. For example, we created a simpler application...
Now that 2012 is coming to a close, we are looking back at the past year here at SBA. We’ve posted a lot of articles – based on questions we receive from small business owners – but these are the top 10 topics that you liked the most (by number of views): 10. Starting a Freelance Business – How to Take Care of Legal, Tax and Contractual Paperwork 10,635 views 9. How to Set a Marketing Budget that Fits your Business Goals and Provides a High...
Note: This joint blog with Secretary of Labor Hilda Solis was originally published on DOL's blog. The entrepreneurial spirit is what drives this country. In fact, small businesses and start-ups are responsible for creating two out of every three new jobs in the United States. And more than half of all working Americans own or work for a small business. That’s why helping to create an environment where more businesses are easily able to start and succeed has been an important goal for this administration. Today, our...
As head of The Investment Division of the U.S. Small Business Administration, I am proud to present the results of the Small Business Investment Company Program for Fiscal Year 2012 in our Annual Report . We have achieved record success for a third year in a row, providing the capital small businesses need to fuel their growth and create jobs. This Annual Report reflects our commitment to the continued growth of the SBIC Program. With the economy still in recovery, SBA’s mission of supporting small businesses and the...
Update: The filing deadline for New York is now January 28, 2013. Update 2: The filing deadline for New Jersey is now January 30, 2013 and the filing deadline for Rhode Island is January 28, 2013. So far the U.S. Small Business Administration has approved more than $150 million in disaster loans to about 2,500 homeowners, renters and businesses in New York, New Jersey, Connecticut and Rhode Island who are recovering from Hurricane Sandy. Yet while we’ve sent out more than 360,000 applications, about 22,000 have been returned to SBA...
A month after Hurricane Sandy devastated the East Coast, homeowners, renters and businesses are dealing with the challenging task of rebuilding their homes, businesses and communities. There’s a lot of information out there about different forms of federal assistance, and a lot of confusion about the U.S. Small Business Administration’s role in helping homeowners, renters and businesses recover. The SBA is committed to the long-term recovery of the people and businesses affected by Hurricane Sandy. Don’t let...
I’m excited to announce the release of a report by the Interagency Task Force on Veterans Small Business Development called “Heroes on the Homefront: Supporting Veteran Success as Small Business Owners.” This is the second report of its kind where task force members from seven agencies have come together to collaborate on small business issues that are unique to Veteran business owners. The U.S. Small Business Administration (SBA) believes that two of America’s greatest assets are the service of our...
January 2 UPDATE: SBA has extended the deadline for award nominations to January 31, 2013. January 4 UPDATE: SBA has added a new National Small Business Week award, the Small Business Exporter of the Year. For detailed information about eligibility and required documents, please review the nomination guidelines for 2013. Do you know an outstanding small business deserving of recognition? We are now accepting nominations for the 2013 National Small Business Week Awards, including the prestigious Small Business Person of the Year...
In between the Black Friday sales and the Cyber Monday deals is Small Business Saturday (November 24th) – a day set aside to support the small businesses that play a vital role in creating jobs and economic opportunities all across the country. Small businesses are the back bone of our communities. And when we shop small, we not only get great products and services, but we support our neighbors and strengthen our local economies. Over the last two decades, small and new businesses have been responsible for creating two out of every three...
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