The US- Korea trade agreement, which takes effect today, is a major win for America’s small businesses. A key part of President Obama’s National Export Initiative, this historic agreement provides businesses with greater access to a fast growing market and more opportunities to create jobs. It is estimated that the tariff cuts in the agreement will support 70,000 American jobs. The U.S. International Trade Commission estimates that the US-Korea agreement will increase annual exports to Korea by about $10...
Today we are pleased to announce that SBA has licensed our first nationally-focused Impact Investment Fund, SJF Ventures III, LP. The fund will make equity investments in growth-stage clean-tech and positive-impact companies in targeted clean energy businesses nationwide. It is part of the President’s Startup America initiative aimed at helping small businesses create new jobs and drive innovation and competitiveness. SJF Ventures III, LP is yet another important new ally in SBA’s commitment to foster small business growth and job creation...
The Obama administration has made growing access to capital a top priority for Native American small businesses. I recently took part in a roundtable discussion on access to capital in Indian Country with nearly 150 Native American small business owners, representatives from eight federal agencies, and the White House Domestic Policy Council. We had an open dialogue about ways to provide better federal resources and improve federal capital access programs at the 2012 Reservation Economic Summit and American Indian Business Trade Fair in Las...
At SBA we work every day to provide entrepreneurs and small business owners with the tools they need to create an economy built to last. From the main street restaurant to the startup clean energy company, small businesses create 2 out of every 3 new jobs in America. A mentor can be one of the most valuable resources for startups and small businesses looking to start, grow and create jobs. Throughout my career, I have had privilege of mentoring several dynamic and innovative entrepreneurs. The relationships I formed with...
Over the past three years, the Obama administration has made it a top priority to increase access to capital for small business owners across America. When I came to SBA in early 2009, small business owners would say to me, “I need a loan to survive.” Since that time, SBA has worked hard to provide small businesses with access to capital – even during the depth of the recession. Thanks to the Recovery Act and the Small Business Jobs Act, SBA had a record year in FY2011, supporting more than $30 billion in...
Made in America is hot. More than 400,000 manufacturing jobs have been created since the start of 2010 and there are currently about 229,000 job openings in the manufacturing sector, according to data from the Labor Department. America’s small manufacturers are a critical part of that. According to BLS and Census data, 98 percent of America’s manufacturing firms are small. More than one in three Americans who work in manufacturing, work at a small business. Everyone from the President on down has been...
Earlier this month, the White House Business Council and SBA held an Urban Economic Forum in New York City to help small businesses create an economy built to last. The Urban Economic Forum is a multi-city series designed to connect urban entrepreneurs and business owners to local and national resources and networks they need to start, grow and create jobs. The next city we are hitting up is Birmingham, Alabama on March 5. The Urban Economic Forum in Birmingham will be live streamed at White House Live and you can follow and join the...
When a friend or family member asks what you do to help small businesses, what do you say? I’m the Administrative Officer at the Customer Service Center for the Office of Disaster Assistance. Our Department provides support functions for the Center. This includes making sure our employees who help the disaster victims/businesses get paid. We also assist in the coordination of traveling employees to disaster sites as well as the day-to-day office functions for our Center. The Office of Disaster Assistance offers...
by Anonymous, on Wednesday, February 22, 2012 - 18:08
Every year, the President honors small businesses and champions of small businesses for their outstanding contributions during National Small Business Week(NSBW). This year, SBA is proud to announce the addition of three awards to honor resource partner staff and volunteer to NSBW. These are the, SBA Counselor of the Year: Small Business Development Center, SBA Counselor of the Year: Women’s Business Center and SBA Counselor of the Year: SCORE. Through SBDCs, WBCs, and SCORE Chapters, the SBA resource partner network offer small business...
SBA employees had the opportunity to hear from Cathy Hughes, the founder of Radio One, who also serves as the Chair of the SBA’s Council on Underserved Communities. Hughes, who herself started Radio One with the support of an SBA loan in 1979, now runs the largest black-owned media company in the country, and in 2004 launched TV One, a national cable and satellite television network. During the event to celebrate African American History Month, Hughes shared her views on the importance of changing the perception of black...
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