Did you know that one in four individuals between the ages of 44 to 70 are interested in becoming entrepreneurs? In fact, entrepreneurs over the age of 50, also known as encore entrepreneurs, are one of the fastest-growing groups of entrepreneurs in the United States. If you are one of the 63 percent of Americans planning to work during retirement, then small business ownership may be a good option for you to use your experience and knowledge gained during your career toward starting a new business. Each year, the SBA helps more than one...
Editor's Note: This blog is by the Office of the United States Trade Representative (USTR) and first appeared on USTR.gov. Washington, D.C. – A central goal of the Transatlantic Trade and Investment Partnership (T-TIP) negotiations is enhancing the ability of small- and medium-sized enterprises (SMEs) to participate in transatlantic trade by addressing trade barriers that may have a disproportionate impact on them. The Office of the U.S. Trade Representative (USTR) believes that U.S. trade and investment policies are...
Editor's Note: This blog first appread at WhiteHouse.Gov on March 27, 2014. Forty years ago, women owned just 5% of all small businesses in America. Today, they own over 30%, creating 200,000 women-owned small businesses in the past year. Additionally, between 2002 and 2012, the number of women-owned firms with $10 million or more in revenues grew nearly 50% more than all firms of that size, and in 2012 alone, angel investors poured 40% more dollars into high growth women-owned companies than in the previous year. With so many positive...
If you’re a small disadvantaged business seeking to be certified in the U.S. Small Business Administration’s (SBA)’s 8(a) Business Development (BD) Program, the SBA has good news for you! The SBA will host a series of 8(a) webinars from April through August to help small disadvantaged businesses learn how to successfully apply for the 8(a) BD Program. The 8(a) Program – What is it? The SBA certifies small businesses considered to be socially and economically disadvantaged under its nine-year 8(a) BD Program....
Tuesday, in downtown Austin, TX and coinciding with the South By Southwest (SXSW) Festival, the U.S. Small Business Administration (SBA) and the Global Accelerator Network (GAN) hosted an Accelerator Demo Day at the Capital Factory. To kick off the event, Pravina Raghavan, Deputy Associate Administrator in the Office of Investment and Innovation at the SBA, announced that the agency will be running a $2.5m contest for accelerators to compete with each other for cash awards. The cash awarded to contest winners is intended to assist accelerators...
Following a tradition begun by President Franklin D. Roosevelt in 1943, President Barack Obama has proclaimed March as American Red Cross Month. Since July 2011, the U.S. Small Business Administration has supported a partnership with the American Red Cross, participating in events to promote the importance of disaster preparedness for individuals and businesses. Getting the word out about the Red Cross Ready Rating program has been a focus of the American Red Cross/SBA relationship. Ready Rating is a free, self-paced, web-based...
Note: This blog is by Erin Andrew, Assistant Administrator for SBA's Office of Women's Business Ownership Although Women’s History Month only comes once a year, year round the SBA works to improve our outreach and services for women entrepreneurs, and to identify opportunities to empower women entrepreneurs to start and grow businesses. As a part of this effort, we continue to counsel and train roughly 500,000 women through SBA’s extensive resource partner network, including our Women’s...
The Obama Administration has made small businesses a priority since the day the president stepped into office. He has cut taxes for small businesses 18 times and has raised the position of SBA administrator to Cabinet-level. Under President Obama, SBA has improved opportunities for small businesses to start and grow. SBA has supported over $130 billion in lending to more than 225,000 businesses and nearly $380 billion in federal contracts went to small business over the past five years. Small businesses are a big part of this economic...
SBA’s Historically Underutilized Business Zone, or HUBZone Program, helps small businesses in urban and rural communities gain preferential access to government contracting opportunities. If your business is located in an area where business development and growth has been fairly limited, you may qualify. Location, location, location The first step to determining your HUBZone Program eligibility is to locate your place of business on our HUBZone maps. By entering your address, you can quickly find out if your business operations are in a...
In honor of African American History Month, SBA convened a roundtable with faith leaders, small business advocates, and non-profit organizations in the African American community to discuss how we can reduce barriers, increase economic mobility, and create ladders of opportunity through our various resources. The conversation outlined the progress SBA has made in supporting minority-owned small businesses and laid the groundwork for greater collaboration in the coming months with these important community leaders. ...
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